STOCK MARKET BSE NSE

RBI tells banks to quickly roll out Covid reliefs

He also urged banks to enhance the resilience of their balance sheets while tackling the challenges brought on by the pandemic.

Published: 20th May 2021 10:20 AM  |   Last Updated: 20th May 2021 10:20 AM   |  A+A-

Reserve Bank of India Governor Shaktikanta Das

Reserve Bank of India Governor Shaktikanta Das. (Photo | PTI)

By Express News Service

NEW DELHI:  RBI Governor Shaktikanta Das on Wednesday met heads of public sector banks to ensure that the recent measures announced by the central bank are implemented in the “right earnest”. He also urged banks to enhance the resilience of their balance sheets while tackling the challenges brought on by the pandemic.

“The governor acknowledged the important role being played by public sector banks in extending various banking facilities including credit facilities to individuals and businesses,” RBI said in a statement.Other issues discussed include current state of the financial sector; credit flows to different sectors including to small borrowers; progress in the implementation of covid-19 resolution framework 1.0; monetary policy transmission; and the implementation of covid-related policy measures.

The meeting was also attended by deputy governors M Rajeswar Rao, Michael D Patra, M K Jain and T Rabi Sankar.The RBI, on May 5, had announced a series of liquidity measures to help banks support the healthcare infrastructure and small borrowers impacted by second covid wave including a special three-year special long-term repo operation (SLTRO) of Rs 10,000 crore for the worst-hit small finance banks.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp