Reserve Bank of India (RBI) governor Shaktikanta Das has urged the heads of a select group of private sector banks to continue strengthening their balance sheets proactively.
The RBI held a meeting with the MD & CEOs of select Private Sector Banks on May 25, 2021 through video conference. The Governor recognized the crucial role played by the private sector banks as important stakeholders in the Indian banking sector. He discussed near-identical issues with both sets of bankers. Governor’s call on balance sheets comes amid the second wave of the covid-19 pandemic, which has presented another round of asset quality concerns for banks.
He impressed upon the banks to quickly and swiftly implement the measures announced by RBI on May 5, 2021 in right earnest. He also advised the banks to ensure continuity in the provision of various financial services including credit facilities to individuals and businesses in the face of challenges brought on by the pandemic.
The officials also deliberated on the assessment of the current economic situation and the state of the banking sector and credit flows to different segments of the economy, particularly to small borrowers, MSMEs, etc.
Taking the entrepreneurial world by storm is young multi-talented professional Jai Karan Walia.
Share of top listed entities in home sales up from 6 to 22 pc in 4 years
India’s natural gas output increase 23 pc as RIL-BP fields start production