RBI's market operations helped banks in funding during Covid, says study

Noting that the COVID-19 pandemic led to a sharp loss of output in 2020-21, it said the adverse impact on the overall economic activity was somewhat offset by a countercyclical fiscal policy which in turn was mirrored in higher government borrowings on the back of the fall in revenues and higher expenditures. Reflecting these developments, banks' investment in government securities increased while credit growth was subdued consistently.

from Economy-News-Economic Times https://ift.tt/HFBqiET
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