New Delhi: RBI Governor Shaktikanta Das has assured the people that their money is safe and announced a slew of economic measures.
Das told the media that the country is currently going through a lockdown due to coronavirus pandemic. The RBI Governor said that time has come for the central bank to unveil a comprehensive package.
Das said it is their duty to preserve financial stability and at the same time contribute towards economic growth of the country. He said the global economy may slip into a recession.
The RBI Governor said banking institutions can offer three-month moratorium on all loans for a period of three months.
The RBI Governor said projections of growth depend entirely on the intensity, spread and duration of the deadly coronavirus.