MUMBAI, 06 AUGUST, 2020 (GPN):

Shri A. K. Das, Managing Director & CEO, Bank of India, quotes,

“RBI policy announced today features several positives. Measures such as additional liquidity of Rs.10,000 Cr to NABARD and NHB towards directed lending to NBFC and HFC, extension of timeline of MSME restructuring, incentive scheme for Priority Sector Lending shall work favorably towards stability of financial sector to support growth and recovery in the economy. Provision of resolution framework for the COVID-19 related stressed assets is another welcome move by the RBI.”