RBI Guv Tells Pvt Bank Chiefs To Boost Credit Flow, Implement Covid Measures

Reserve Bank of India (RBI) governor Shaktikanta Das on Tuesday advised private sector bank chiefs to ensure continuity in provision of various financial services including credit facilities to individuals and businesses in the face of disruptions brought on by the Covid-19 pandemic. Das also called on them to implement the measures announced by the RBI on May 5. “The governor recognised the crucial role played by the private sector banks as important stakeholders in the Indian banking sector. He impressed upon the banks to quickly and swiftly implement the measures announced by RBI on May 5, 2021, in right earnest,” the RBI said. Governor Das also urged banks to keep focussing on efforts to strengthen their balance sheets proactively.

Image Source: New Indian Express