NPA classification will now not include the 90- day moratorium on loans.
– Another liquidity boost through TLTRO 2.0 worth Rs 50,000 crore to begin with for NBFCs, HFCs and MFIs
– Special refinance facilities of Rs 50,000 cr to NHB, SIDBI and NABARD
-LCR requirement for SCB to be brought down from 100 percent to 80 percent with immediate effect
– Fixed reverse repo rate under LAF cut by 25 bps to 3.75 percent from 4 percent with immediate effect
– For all accounts where moratorium or deferment has been applied, there would be an asset classification standstill
– DCCO delayed for reasons beyond the control of promoters, can now be extended by one year without asset classification downgrade. This relief is now also allowed for NBFCs.
– For large accounts under default, additional provisioning of 20 percent is required for not implementing resolution in 180 days. This has now been relaxed.
– Banks shall not declare dividends until further notice