Current Affairs - Economy - Discussion
Discussion Forum : Economy - Latest Current Affairs (Q.No. 1039)
1039.
RBI has decided to extend the enhanced borrowing facility provided to banks till which date to meet the liquidity shortage in the midst of the economic crisis caused by the coronavirus epidemic?
Answer: Option
Explanation:
In exercise of power conferred under the Section 24 of the Banking Regulation Act, 1949, India's central bank, the Reserve Bank of India (RBI) has decided to extend the enhanced borrowing facility provided to banks till September 30, 2020 to meet the liquidity shortage in the midst of the economic crisis caused by the coronavirus (COVID-19) epidemic.
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