ARTICLE · 06 MAY 2020

Covid-19: Further Regulatory Measures Announced By RBI

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On March 27, 2020, RBI had issued the COVID-19 – Regulatory Package setting out the instructions to banks, all-India financial institutions and non-banking financial companies...

IndiaCoronavirus (COVID-19)

Aastha Roy

Shradha Rakhecha

Ashwarya Bhargava

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Yesterday, the Reserve Bank of India ("RBI") announced certain incremental measures in order to maintain adequate liquidity in the system and ease the financial stress in the wake of the COVID-19 outbreak.

Prior to this, on March 27, 2020, RBI had announced certain relaxations, which we had summarised in our earlier update which can be found here – http://www.argus-p.com/paperspublications/thought-paper/covid-19-relaxations-announced-by-rbi/. In this update, we have summarised some of the key measures announced by RBI on April 17, 2020.

COVID-19 – Regulatory Package

On March 27, 2020, RBI had issued the COVID-19 – Regulatory Package setting out the instructions to banks, all-India financial institutions and non-banking financial companies ("NBFCs") including housing finance companies ("Lenders"), inter alia, permitting them to grant a moratorium of 3 (three) months on payment of all term loan instalments falling due between March 1, 2020 and May 31, 2020 ("Mora

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Covid-19: Further Regulatory Measures Announced By RBI

COVID-19 – Regulatory Package

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