Summary:
A massive liquidity, 3.2 percent of GDP has been added through these measures,” Dr Reddy added. The decision of the RBI to allow banks to hold their investments in these corporate instruments till maturity should provide a lot of comfort to banks as the current market conditions are quite volatile,” FICCI President said. “The decision to put a temporary stop on payment of term loans and interest rates on working capital loans will provide relief to the companies as their cash flows have been completely disrupted. We look forward to all relaxations being transmitted by banks in full and without delay,” said Dr Reddy. We are confident should the need arise some of these measures could be extended as well as other ones announced..