Chennai: Reserve Bank of India Governor Shaktikanta Das today announced four important measures by the apex bank.
They are: Maintain liquidity in the system, facilitate and incentivise bank credit flows, ease financial stress and
enable formal working of markets.
RBI undertook three long-term repo operations (TLTRO) to ease liquidity constraints. The TLTRO option of Rs 25000 crore is to be conducted today.
In response to these auctions, financial conditions have eased considerably and activity in corporate bond market has picked up. redemption pressure faced by mutual funds have also eased.
RBI has been constantly monitoring situation and in our effort to see financial system is fully functional, we will announce additional measures, said Shaktikanta Das.