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90 days extension to term loans offered to provide greater flexibility of SIDBI: RBI chief
New Delhi, May 22: The RBI has also offered another 90-days extension to the Small industrial Development Bank of India (SIDBI) for the 90-day term loan facilities.
In order to provide greater flexibility of SIDBI, another 90 days extension for the 90-day term loan facilities will be offered, said RBI governor Shaktikanta Das.
Highlights: RBI cuts repo rate by 40 bps; extends loan moratorium till August
This will provide additional liquidity support to the MSME sector, RBI chief said.
RBI slashes repo rates by 40 basis points to 4% to boost growth, other measure
The special refinancing facility of Rs 15,000 cr to SIDBI at repo rate for 90 days for lending & refinance operations has been further rolled over for another 90 days at the end of initial 90 days period.
