RBI publishes more measures to combat the economic fall out due to Coronavirus outbreak

Introduction

RBI is trying to arrest a potential breakdown caused by corona virus. so, RBI had announced a cut the leading rate for three months, which affect the country directly and indirectly. They announced instalments on term loans for three month. The lockdown is expected to have a negative impact on the cash flow in the companies. But companies can get the loan at low cast which will develop the economical growth in all aspects. The covid-19 has wide impact on all the system globally and broken the values of the company. India, had many small scale industries. They were affected because of cut-down in lending rate. Bank also find very difficult to reduce a lending rate in short term. Loans were the main source for revenue. But now it reduced. It will cause the global financial crises. India will face great financial crises in future because of this pandemic covid-19. RBI, Governor Shaktikanta Das announced to cut the policy rate, which cause many economical issues.

RBI cuts lending loan

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Reason for the sudden lending rate
If the loans had been given to the respective owners, unfortunately they will affect by a pandemic disease. loans cannot be payed properly by the owner. in that cases, Bank should take a full responsibility towards the interest. Bank cannot offer the loans from their family because they were already in lack of economy. In such cases Bank will have the huge lose. In order to overcome come such crises, they made cut-down pattern. RBI has announced all best praise worthy measures to support banks and all sectors of economy to overcome

More protective measures

RBI increasing the exports and imports to overcome financial crises. RBI had announced many worthy ideas to support banks and all sectors of economy to over come ongoing adverse impact of covid-19. pandemic covid-19 ia going to continue after three months, in such cases bank will take a responsibility for the economy crises of India. Covid-19 had put a world to struggle to the greater extent. It mainly affects the economic development of the country. RBI is trying to arrest a potential breakdown caused by corona virus. so, RBI had announced a cut the leading rate for three months, which affect the country directly and indirectly. They announced instalments on term loans for three months. In this case, the people were lucky enough their is availability of stock in fuel. The covid-19 has wide impact on all the system globally and broken the values of the company. India, had many small scale industries. They were affected because of cut-down in lending rate. Bank also find very difficult to reduce a lending rate in short term. Loans were the main source for revenue. But now it reduced. It will cause the global financial crises. India will face great financial crises in future because of this pandemic covid-19. RBI, Governor Shaktikanta Das announced to cut the policy rate, which cause many economical issues.

Conclusion

Covid-19 is the major cause for the financial breakdown. It will be very difficult to overcome the financial loss. Not only in finance the world is under difficult even in the standard of living.
Economic slowdown is large in china, Spain and France, In next case, is India where it shown a value. The effects due to corona virus is abandon and uncountable. Any were died because of this pandemic disease. As their is no medicine and doctors were struggling to find them. The countries such as china, Spain, France had faced huge loss.

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