INSUBCONTINENT EXCLUSIVE:
RBI Governor Shaktikanta Das (file photo)Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday held a virtual meeting with managing
directors and CEOs of small finance banks to gauge potential stress on their balance sheets in the backdrop of rising Covid-19 cases and
consequent localised lockdowns
He discussed the current economic situation, credit flows to different segments of borrowers and the liquidity scenario, according to a
statement released by the central bank.Das recognised the important role of small finance banks in delivering credit and other financial
services to individuals and small businesses
He emphasised supervisory expectations in terms of maintaining their business resilience and managing risks prudently.The RBI governor
advised banks to pay focussed attention on improving customer grievance redress process and strengthening IT systems in the interest of
The meeting was also attended by Deputy Governors M K Jain, M D Patra, M Rajeswar Rao and other senior officials of RBI.
