Das can well claim brownie points for keeping the promises as he steers the RBI's efforts to revitalise the financial sector and boost growth that has hit a near-seven-year low.
The RBI has also given its suggestions on changes in regulations that are required for regulating the cooperative bank sector better.
The sharp decline in growth had many analysts assuming the RBI will deliver a rate cut on Thursday.
The shocking memories of Q1 growth at 5 per cent are probably still fresh and until the air is clear on the 'unknown knowns,' RBI is unlikely to make a move.
Das said the weighted average lending rate has gone down by 44 bps on the fresh rupee loans.
PMC Bank was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans.
The visiting dignitaries met Das and other senior central bank officials, the RBI statement said.
Though RBI officials said they would be making a media announcement in the matter soon, the agitating depositors served an ultimatum till Oct.
RBI Executive Director Michael Debabrata Patra said that over the recent weeks, monetary and fiscal actions have been undertaken and it is important to buttress this coordinated endeavour.
The PMC statement said the bank management led by Bhoria apprised Governor Das of the position of the bank after relaxation of the withdrawal limits to Rs 40,000.
The next MPC meeting will take a call on the lower bound of repo rate when they deliberate on it, RBI Governor Shaktikanta Das said.
Trims projection to 6.1% for this fiscal, but hopes stimulus will pull economy out of rut
Don’t generalise co-op banks’ health based on PMC case, says Das.
If consumption fails to pick up in the festive season showdown, the government will have to resort to Plan B -- the only option left in its fiscal toolkit -- by reducing personal income tax rates.
On the PMC scam, Shaktikanta Das said that the RBI acted very swiftly and promptly after it was brought to its notice.