RBI Governor Das Unveils Measures to Aid Virus Fight

The transcript discusses the Reserve Bank of India's (RBI) measures to address liquidity and support economic growth amid the COVID-19 pandemic. It introduces G-SAP 1.0, a government securities acquisition program, and outlines liquidity facilities for emergency health services. Special long-term repo operations (SLTRO) are introduced for small finance banks to support small businesses. The transcript also covers incentives for credit flow to MSMEs and a resolution framework for COVID-related stressed assets. These measures aim to alleviate financial constraints and support economic recovery.

What is the purpose of the G-SAP 1.0 announced by the RBI?

• To promote digital banking

• To increase foreign investments

• To ensure liquidity and support growth

• To reduce inflation

What is the amount allocated for the liquidity facility to support COVID-related healthcare?

• Rs 10,000 crore

• Rs 75,000 crore

• Rs 25,000 crore

• Rs 50,000 crore

Which entities are eligible for fresh lending under the COVID-related liquidity facility?

• Automobile manufacturers

• Vaccine manufacturers and suppliers

• Telecom companies

• Real estate developers

What is the purpose of the special long-term repo operations for small finance banks?

• To reduce interest rates

• To invest in foreign markets

• To provide credit to individuals and small businesses

• To support large corporations

What is the maximum loan amount per borrower under the SLTRO for small finance banks?

• Rs 5 lakh

• Rs 10 lakh

• Rs 15 lakh

• Rs 20 lakh

What is the new resolution framework introduced for?

• Public sector banks

• Foreign investors

• Individuals, small businesses, and MSMEs

• Large corporations

Until when can the restructuring under the new resolution framework be invoked?

• 31st March 2022

• 31st December 2021

• 30th September 2021

• 1st January 2022