In the interest of Indian banks and borrowers


Authors: Ila Patnaik and Radhika Pandey, NIPFP India’s economy contracted by 23.9 per cent in the second quarter of 2020 as the COVID-19 pandemic severely hampered economic activity. To support growth, the Reserve Bank of India (RBI) has cut official interest rates by 115 basis points in 2020. A slew of liquidity enhancing measures, including […]

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