MUMBAI, 17 APRIL, 2020 (GPN):  Mr. Anirban Chakraborty, Managing Director & CEO, Tourism Finance Corporation of India Ltd.(TFCI) addressed:

“We welcome RBI’s stance to support the economy amidst these trying and uncertain times. The announcement brings much needed relief to the sectors with an eye on the developing situation at the ground level. We welcome the TLTRO 2.0 impetus, which provides much needed liquidity to small and mid-sized NBFCs, MFIs and corporates. Further, pragmatic measures such as the Rs 50,000 Crore refinancing window from AIFIs (such as NABARD, SIDBI and NHB), DCCO extension for CRE sector, pause on dividend declaration by banks, reduction in LCR requirement to name a few, deserve appreciation. We, however await more sector-specific relaxations in the immediate future.” ENDS