The announcements made by the RBI on Friday will help in infusing liquidity and facilitating bank credit flows for traders as well as industry at a time when both are battling the lockdown due to coronavirus outbreak, according to exporters.
Trade Promotion Council of India (TPCI) Chairman Mohit Singla said steps like 90-day NPA (non-performing assets) norm not to apply on to the moratorium granted on the existing loans by banks, and lowering the reverse repo rate to 3.75 per cent will surely ease pressure on the banking system.