“RBI Governor’s address has provided a much needed re-assurance in these times of uncertainty. The speech highlighted RBI’s constant efforts to stabilise the economy and provide relief to the ailing and badly hit sectors due to the second wave of the pandemic. The announcement of schemes such as the second round of loan restructuring and Banks being incentivised to extend swift credit to weak sectors are all steps in the right direction. The priority right now is to save lives and the On-tap liquidity facility of Rs 50,000 crore to ease access to emergency health services is just what the country needs. We all need to stay strong and united to overcome this unprecedented situation and the RBI and our government are taking all measures in their capacity to achieve this”.
Sanjay Palve, Senior Managing Director – Essar Capital