As per the minutes of the three-day meeting, the Governor said while high inflation continues to be the major concern, revival of economic activity remains steady and is gaining traction.
Swap rates are rising in India in a sign that traders expect the central bank to roll back monetary stimulus quicker than expected despite its reassurances.
New Delhi, May 5
The Reserve Bank of India has included patients for health treatment in a special liquidity window of Rs 50,000 crore announced on Wednesday for Covid-related sectors.
Besides patients, the other six eligible sectors are the government hospitals, pharmacies, manufacturers of vaccines and medical oxygen and private operators in the critical healthcare supply chain, its Governor Shatikanta Das said during a special address to announce measures for sectors that have borne the brunt of the second Covid wave in the country.
The RBI has also asked banks not to penalise till December 31 customers whose periodic KYC updating is due or pending.
Synopsis
Currently, there are separate ombudsmen for banks, non-banking finance companies and prepaid card issuers. The move is aimed at providing an efficient dispute resolution mechanism to the customers.
In the Statement on Development and Regulatory policy issued today by the RBI Governor Shatikanta Das, it has been proposed to merge the three-separate ombudsman schemes for banks, NBFCs and non-bank prepaid instruments. As per the announcement, the Integrated Ombudsman Scheme will be rolled out in June, 2021.
Currently, there are separate ombudsmen for banks, non-banking finance companies and prepaid card issuers. The move is aimed at providing an efficient dispute resolution mechanism to the customers.