https://www.taxtmi.com/news?id=22844 RBI cut the policy repo rate and reduced the reverse repo rate while maintaining an accommodative monetary stance; extended by three months the permission for banks to grant a three-month moratorium on monthly instalments and on working-capital interest, allowing interest accrued during the moratorium to be converted into a term loan; raised permissible bank group exposure to corporates to 30% of group net worth; and forecast a likely GDP contraction with an uncertain inflation outlook. en-us Fri, 22 May 2020 15:05:46 +0530 Fri, 22 May 2020 15:05:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22844 RBI cut the policy repo rate and reduced the reverse repo rate while maintaining an accommodative monetary stance; extended by three months the permission for banks to grant a three-month moratorium on monthly instalments and on working-capital interest, allowing interest accrued during the moratorium to be converted into a term loan; raised permissible bank group exposure to corporates to 30% of group net worth; and forecast a likely GDP contraction with an uncertain inflation outlook. News - Fri, 22 May 2020 15:05:46 +0530 https://www.taxtmi.com/news?id=22844