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"The RBI has made life easier for banks ;it has given the government the cue for a fiscal support plan "give your opinion.

 In recent days ,RBI has taken several steps to mitigate the impact of covid-19 to Indian economy.The successive reduction in the policy rate -first by 75 basis point (100 basis point =1 %) and again by 25 basis points,means that RBI is trying to push money into the market.Reducing policy rate means that the commercial bank has good option to borrow money money from the Central Bank.Currently Policy rate stands at 4% and Reverse repo rate at 3.35 % ,MSF rate at 4.25 % and Bank rate is also 4.25 %.

The result of these step will eventually help the stressed sector will provide some relief particularly to the MSME and the corporate borrowers who are likely to withnes liquidity challenges for an extended period of times.

Das said a combination of monetry,fiscal and administrative measures being undertaken by RBI and the and government would create conditions for a revival of economic activity in the second half of FY21.

Some recent example of committee formed by RBI are :RBI sets up committee to strengthen CIC framework

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RBI sets up committee to strengthen CIC framework

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