Hindustan Times ST (Jaipur)

RBI reiterates concerns over crypto trading


The Reserve Bank of India (RBI) reiterated its concerns over cryptocurr­encies, clarifying its stance on digital assets just days after the regulator told banks to set aside a 2018 ban on trading.

“There is no change in RBI’S position,” RBI Governor Shaktikant­a Das said. “We have major concerns around cryptocurr­ency, which we have conveyed to the government.” The RBI has expressed concern about digital currencies on a number of occasions.

The government has also removed the current ceiling of ₹500 crore of loan outstandin­g for eligibilit­y under ECLGS 3.0, subject to maximum additional ECLGS assistance to each borrower being limited to 40% or ₹200 crore, whichever is lower.

Loans to the civil aviation sector have been made eligible under ECLGS 3.0. The scheme earlier covered business enterprise­s in hospitalit­y, travel and tourism, leisure and sporting sectors, which had as of February 29, total credit outstandin­g not exceeding ₹500 crore.

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