RBI policy will ensure sufficient liquidity, says LIC HFL
Bengaluru/UNI: MD & CEO of LIC HFL said RBI policy announced on Friday will ensure sufficient liquidity in the system at a time when anxious moments are around due to Covid 19 situation.
In a statement issued here, Siddhartha Mohanty said that the Repo rate cut, slashing of reverse repo rate and reduction in CRR are welcome measures.
We believe the announcement of allowing the lending institutions such as banks and housing finance companies to provide a three-month moratorium gives borrowers and lenders breathing space to stabilise from the unexpected financial and psychological jolt out of this pandemic, the statement read.
The announcement today is a step towards diminishing the coronavirus impact on the economy and ensuring the normal functioning of financial markets, it added.
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