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RBI's Covid relief: Good move, but late, says health care industry

While some companies said they were open to borrowing, others felt their working capital cycle was comfortable

RBI
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Sohini DasVinay Umarji Mumbai/Ahmedabad
The Indian health care industry welcomed the Reserve Bank of India’s move to open an on-tap liquidity window of Rs 50,000 crore, but some felt it may not make much difference now.
 
While some companies said they were open to borrowing, others felt their working capital cycle was comfortable.
 
The RBI on Wednesday opened up a liquidity window of Rs 50,000 crore with tenors of up to three years to boost the provision of immediate liquidity for ramping up Covid-related health care infrastructure and services.
 
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