MUMBAI: The Reserve Bank of India (RBI) on Wednesday announced three more measures to deal with the economic fallout of the covid-19, commonly known as the coronavirus, pandemic.
These include--deferring implementation of countercyclical capital buffers (CCyB), review of limits of way and means advances (WMA) of states and union territories (UTs) and an extension of realisation period for export proceeds.
The central bank said the framework on CCyB was put in place under the guidelines issued on 5 February, 2015. It had said CCyB's activation would depend on the circumstances warranted. “Based on the review and empirical analysis of CCyB indicators, it has been decided that it is not necessary to activate CCyB for a period of one year or