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Coverage of MSMEs in the automotive industry

Shaktikant Das, Reserve Bank of India, RBINews

RBI Announced Liquidity Support Second Wave Covid Battle

By way of an additional incentive, said Das, such banks will be eligible to park their surplus liquidity up to the size of Covid loan book with the RBI under the reverse repo window at a rate which is 25 basis points lower than the repo rate or 40 bps higher than the reverse repo rate.

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