RBI governor meets with bank chiefs, discusses credit flow, stability

NEW DELHI: Reserve Bank of India The governor (RBI) held meetings with managing directors and CEOs of major public and private sector banks on Saturday in two separate sessions via video conference.

Deputy central bank governors and other top officials were also present at the meeting.

In his initial comments, Das appreciated the efforts of the lenders to guarantee normal to near normal operations during the closing period.

The current economic situation has been reviewed at the meeting along with discussions on flows to different sectors of the economy, including liquidity to non-bank financial companies (NBFC), micro Finance institutions, housing Finance companies and mutual funds.

Other topics discussed at the meeting included post-closing credit flows, including the provision of working capital with a special focus on credit flows to small businesses, the implementation of a three-month moratorium on repayment of fees. of loans announced by the RBI, monitoring of bank branches abroad in view of the slowdown in economies around the world and the stability of the financial sector.