RBI Governor Shaktikanta Das spoke to senior officials to ensure that the economic revival continues as before. During this, he told about the concrete steps to be taken to the banks.
RBI Governor Shaktikanta Das
Improvement in the Indian economy may be threatened by the second wave of Corona. In such a situation, in order to continue the economic revival, Reserve Bank of India (RBI) Governor Shaktikanta Das has advised banks to keep an eye on the changing circumstances. Also, it has been asked to increase liquidity through loans. He said this in a meeting with senior officials through video conferencing.
RBI Governor Shaktikanta Das said that to maintain the current economic revival which is still in the initial stage, credit flow is very important. A solid strategy should be devised to maintain the continuity of the business and make it faster. For this, steps should be taken. Also, attention should be paid to raising sufficient capital.
During this, he also mentioned the steps taken by the central bank to continue the pace of the current reforms while maintaining financial stability. He said that a similar initiative will definitely be taken to deal with this situation. The governor emphasized to keep a special focus on the payment and IT system of banks. He said that the efficiency and efficiency of the system should be increased so that customers can get the benefit of services without any hindrance.
In the meeting, the RBI governor also discussed the implementation of the strategy set for the COVID solution and the progress made in it, the scenario of stressed assets and the expansion of capital.
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