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RBI Governor urges PSBs to continue focussing on steps to enhance the resilience


Amid the ongoing Covid-19 pandemic situation, the Reserve Bank of India (RBI) governor Shaktikanta Das met MDs and CEOs of public sector banks (PSBs) through video conference. The governor acknowledged the important role being played by PSBs in extending various banking facilities during the pandemic. The governor urges these state-owned lenders to continue to enhance the resilience of their balance sheets.

RBI Governor Das in his opening remarks, Governor acknowledged the important role being played by PSBs in extending various banking facilities including credit facilities to individuals and businesses while tackling the challenges brought on by the pandemic. He impressed upon the banks to quickly implement the measures announced by RBI recently in the right earnest.

RBI governor also urged the banks to continue focussing on steps to enhance the resilience of their balance sheets.

Among other matters, which were discussed are – Current state of the financial sector; Credit flows to different sectors including to small borrowers, MSMEs, etc.; Progress in the implementation of Covid Resolution Framework 1.0; Monetary policy transmission; and Implementation of Covid-related policy measures taken by RBI.

The meeting was also attended by Deputy Governors M. K. Jain, M. Rajeshwar Rao, Dr Michael D. Patra and T. Rabi Sankar.

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