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Ensure continuity in provision of financial services: RBI guv to pvt banks

RBI Governor Shaktikanta Das on Tuesday asked private sector banks to ensure continuity in the provision of various financial services, including credit facilities to individuals and businesses, in the face of challenges brought on by the pandemic. Earlier this month, the governor had held a similar meeting with MD and CEOs of public sector banks. During the meeting with the MD and CEOs of select private sector banks, Das also impressed upon the banks to quickly and swiftly implement the measures announced by the RBI on May 5, 2021, in right earnest. On May 5, the governor had announced a slew of measures, including term liquidity facility of Rs 50,000 crore to ease access to emergency health services. They were also aimed to further improve lending to the MSME sector, restructuring of loans, and rationalisation of compliance to KYC, in wake of the second wave of the COVID-19 pandemic.

RBI asks PSBs to implement recently announced measures in right earnest

Read more about RBI asks PSBs to implement recently announced measures in right earnest on Business Standard. RBI Governor urges banks to continue focusing on enhancing resilience of their balance sheets

RBI Governor meets chiefs of PSU banks amid COVID-19 challenges

RBI Governor meets chiefs of PSU banks amid COVID-19 challenges MUMBAI (Maharashtra): Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday held a virtual meeting with managing directors and CEOs of public sector banks to discuss credit flows for small borrowers and micro, small and medium enterprises (MSMEs) in the backdrop on devastating COVID-19 second wave. He acknowledged the important role being played by public sector banks in extending various facilities, including credit facilities to individuals and businesses while tackling the challenges brought on by the pandemic. Das impressed upon the banks to quickly implement measures announced by the RBI recently in the right earnest. He also urged the banks to continue focussing on steps to enhance the resilience of their balance sheets.

RBI: Shaktikanta Das asks PSBs to quickly implement measures announced by RBI

3,399,793.0 RBI Governor Shaktikanta Das on Wednesday asked state-owned banks to quickly implement measures announced by the central bank recently in the right earnest , and to continue focussing on steps to enhance the resilience of their balance sheets. Das during a meeting with the MDs and CEOs of public sector banks acknowledged the important role being played by PSBs in extending various banking facilities including credit facilities to individuals and businesses while tackling the challenges brought on by the pandemic. He impressed upon the banks to quickly implement the measures announced by RBI recently in the right earnest. He also urged the banks to continue focussing on steps to enhance the resilience of their balance sheets, the RBI said in a statement post the meeting held over video conference.

Governor Das asks PSBs to quickly implement measures announced by RBI

Governor Das asks PSBs to quickly implement measures announced by RBI
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