COVID-19: RBI to ensure cash availability in the country. RBI had already decided to give Rs1 lakh cr to commercial banks in four phases. An additional 60% fund will be given to states. RBI announced Rs 50,000 crore TLTRO 2.0 for NBFCs, MFIs. The reverse repo rate has been reduced by 25 bps to 3.75percent. There will be no change in the repo rate.
