https://www.taxtmi.com/news?id=24007 The Reserve Bank announces targeted monetary and regulatory measures to mitigate pandemic stress by opening an on tap term liquidity facility to finance COVID related healthcare and by extending priority sector classification to such lending. It authorises special long term repo operations for small finance banks to support last mile credit, permits SFB lending to eligible microfinance institutions as priority sector, and extends incentives for new MSME credit. A Resolution Framework 2.0 is provided for eligible stressed retail, small business and MSME exposures, alongside KYC rationalisation and permission to utilise floating provisions and the countercyclical buffer for specific NPA provisioning. en-us Wed, 05 May 2021 18:22:29 +0530 Wed, 05 May 2021 18:22:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24007 The Reserve Bank announces targeted monetary and regulatory measures to mitigate pandemic stress by opening an on tap term liquidity facility to finance COVID related healthcare and by extending priority sector classification to such lending. It authorises special long term repo operations for small finance banks to support last mile credit, permits SFB lending to eligible microfinance institutions as priority sector, and extends incentives for new MSME credit. A Resolution Framework 2.0 is provided for eligible stressed retail, small business and MSME exposures, alongside KYC rationalisation and permission to utilise floating provisions and the countercyclical buffer for specific NPA provisioning. News - Wed, 05 May 2021 18:22:29 +0530 https://www.taxtmi.com/news?id=24007