INSUBCONTINENT EXCLUSIVE:
RBI Governor met heads of private banks to discuss impact of Covid on economyReserve Bank of India (RBI) Governor Shaktikanta Das and deputy
governors met chiefs of selected private sector banks on Tuesday to discuss the implications of Covid pandemic on the economy, and the
implementation of the central bank measures to ease the economic pain of the infection.Credit flows to different segments of the economy,
particularly to small borrowers, micro small and medium enterprises, as well as monetary policy transmission and liquidity scenario were
discussed.Mr Das asked the banks to quickly implement the measures announced by RBI on May 5, 2021 in earnest, a statement issued by the
central bank said."He also advised the banks to ensure continuity in provision of various financial services including credit facilities to
individuals and businesses in the face of challenges brought on by the pandemic
He also urged them to continue focussing on efforts to further strengthen their balance sheets proactively," the RBI statement added.Last
week, the Governor had met public sector bank chiefs on the same theme
