NEW DELHI -- India's central bank on Wednesday announced a 500-billion rupee ($6.76 billion) liquidity facility under which banks can provide fresh lending support to entities such as vaccine makers, oxygen suppliers, hospitals and patients.
The liquidity window with tenors of up to three years is being opened through March 31, 2022 "to boost provision of immediate liquidity for ramping up COVID-related health care infrastructure and services in the country," Reserve Bank of India Gov. Shaktikanta Das said in an unscheduled address.
