CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Reserve Bank of India extended a special liquidity window for how much Rs to Yes Bank for three months, to help private lenders cover for shortfall in deposits?
A
Rs 30, 000 crores
B
Rs 50, 000 crores
C
Rs 40, 000 crores
D
Rs 60, 000 crores
Explanation: 

Detailed explanation-1: -On May 5, 2021, an on-tap liquidity window of ₹50, 000 crore at the repo rate with tenors of up to three years was announced to boost provision of immediate liquidity for ramping up COVID-19 related healthcare infrastructure and services in the country.

Detailed explanation-2: -The Reserve Bank of India (RBI) on Thursday proposed to extend the term-liquidity facility of Rs 50, 000 crore offered to emergency health services by three months till June 30, 2022.

Detailed explanation-3: -When SLR is reduced, banks have more money to lend which may lead to a decrease in lending rates. By changing the level of SLR, the Reserve Bank of India can increase r decrease bank credit expansion. Ensuring the solvency of commercial banks.

Detailed explanation-4: -As announced in the Monetary Policy Statement dated December 07, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.90 per cent to 6.25 per cent with immediate effect.

There is 1 question to complete.