Business

RBI Governor held meeting with heads of public sector banksWith the second wave of Corona virus pandemic causing widespread havoc across the country, the Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday urged upon public sector banks to continue with measures to enhance resilience in their balance sheets.In a virtual meeting with heads of state-owned banks, the RBI Governoracknowledged the key role being played by thesebanks in extending credit facilities to individuals and businesses in such tough times.Mr Das asked them to expedite efforts towards implementingmeasures announced by the central bank.The current state of the financial sector, credit flows to different sectors including those to small borrowers, implementation of Corona virus related policy measures being taken by the RBI and transmission of the monetary policy, were some of the key issues which were discussed during the meeting, official sources said.The meetingwas also attended byDeputy Governors MKJain, MRajeswar Rao, Michael DPatra andTRabi Sankar.





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