Discussion Coronavirus (COVID-19) pandemic

[iDJ]

It seems UK lockdown will last for 6 months. So take it as an example.

If people still go out and gather in large crowd then expect the unexpected.

It seems UK is prepared to take expenses of people under locked down. So take that as example. In UK people never has to pay for rent and healthcare. It's free from government. So take that as a major example.

People aren't going out for fun. You pretend as if they are going to movies or amusement parks. They are going to buy necessities and medical supplies at safe distance.

 

[Optimus_Prime]

Bro it applicable for bank loan or Private company like Bajaj, or for both?

For all. And it's optional.its depend on you and your bank(public /private ) also.
1.If you want to pause you have to reach your branch and if you don't want to pause , you have nothing to do
2.If bank(both public and private ) wants to give you this facility then you only can take. Bank may pause on home loan not on house loan or car loan.

Totally depends on bank or you

 

[Optimus_Prime]

RBI has requested bank for moratorium on term loan emi . RBI has not ordered. So totally depend on Bank/institution.

 

[Digital Mastermind]

It seems UK is prepared to take expenses of people under locked down. So take that as example. In UK people never has to pay for rent and healthcare. It's free from government. So take that as a major example.

People aren't going out for fun. You pretend as if they are going to movies or amusement parks. They are going to buy necessities and medical supplies at safe distance.

When all there are available for home delivery, why go out ??? What is then use of a lockdown if all go out and keep roaming ???

People just have no sense and act as if they dont care.

 

[iDJ]

When all there are available for home delivery, why go out ??? What is then use of a lockdown if all go out and keep roaming ???

People just have no sense and act as if they dont care.

I already told you. They are having surge due to heavy demands. Plus the delivery services are only available in major cities. Not available in small cities. Leave alone rural area.

 

[Slu]

RBI Governor Presser Highlights :

1. Repo rate reduced by 75 basis points to 4.4%
2. Rev repo reduced by 90 basis points to 4%
3. GDP growth for Q4 19-20 and FY 20-21 to be affected
4. Aggregate demand may weaken
5. Future outlook uncertain and negative
6. CRR reduced by 100 basis points to 3% for 1 year to release 1.37 lakh crores
7. Min daily CRR balance reduced from 90% - 80% till 30/06/2020
8. 3.74 lakh crore liquidity injected
9. 3 month moratorium on payment of instalments of Term Loan outstanding
10. Interest on WC facilities to be deferred by 3 months
11. Such deferment not to be considered for NPA
12. Revised DP calculations by reassessing WC cycle
13. All measures not to effect credit history
14. Total liquidity injection 3.4% of GDP

 

[iDJ]

A big relief from RBI.

 

[Raja]

I am not very educated on these terms, can someone explain how repo rate changes impact aam aadmi?

Repo rate is the rate in which financial institutions including Bank can borrow amounts from rbi and reverse repo is the rate bank bank can lend back the borrowed amount torbi. If borrowing interest rate (repo) decreases significantly then banks can borrow more liquidity from central bank(rbi) and give it to genuine borrower with higher interest rate. As repo came down so will lending rate of bank will also decrease. So ultimately the liquidity will indulge in economy and more people can borrow money from bank as interest rate decreases. Basically they(the borrower people) will buy more products and things from market and ultimately boost the economy and more men power. So it will create more employments.

What is CRR or Cash Reserve Ratio?
The Reserve Bank of India or RBI mandates that banks store a proportion of their deposits in the form of cash so that the same can be given to the bank’s customers if the need arises.

Also crr decrease will create more liquidity in market. 1 basic point less in crr means more liquidity in market, this time around 1.7 lakh corers as banks will keep less mortgage near central bank.

 

[Optimus_Prime]

thats the tricky part:

 

[Rakesh M U]

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