rbi speech, 2023-06-13
Our liquidity measures were unique in several ways: first, liquidity was provided only through the Reserve Bank's counterparties (banks) for on-lending to stressed entities/sectors; second, asset purchase programme was for a limited period of six months and much smaller in size than advanced economies, and was confined to government securities only; third, collateral standards were not diluted while offering lending facilities; and fourth, loan resolution frameworks for COVID-19 related stressed assets were not open ended but subject to achievement of certain financial and operational parameters.
Sentiment: neutral
Topic: mp_economic_activity