EMIs put on hold, interest rate cut: RBI injects virus-fighting stimulus to tackle Covid-19 crisis

India Today | Mar 27, 2020 at 7:07 AM
  • The Reserve Bank of India (RBI) on Friday introduced a barrage of relief measures to alleviate financial difficulties arising due to Covid-19 restrictions.
  • The central bank also offered further help to banks by reducing the cash reserve of all banks by 100 basis points to 3 per cent of net demand and time liabilities (NDTL).