RBI has decided to provide a separate liquidity window worth Rs 15,000 crore for contact-intensive sectors. Th facility will be available at the repo rate till March 2022 with a tenor of up to 3 years.
Under this programme, banks can provide support to hotels and restaurants, tourism, aviation support services and other services including bus operators, rent-a-car services, spa clinics and beauty parlours and saloons.
Banks will be allowed to park surplus liquidity to the level of these loans with the RBI at a rate 40 basis points higher than the reverse repo.
RBI Monetary Policy Highlights: MPC Maintains Status Quo On Rates; RBI Announces Rs 1.2-Lakh-Crore GSAP 2.0 - BloombergQuint
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