The Reserve Bank of India (RBI) governor and deputy governors met with the MD & CEOs of a few private sector banks on Tuesday to discuss the economy and the implementation of the RBI measures to ease the economic pain of Covid. 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. Last week, the governor had met public sector bank chiefs on the same theme. The bankers then had demanded a second restructuring option for those already restructured last year, and to allow them to carry on with asset classification as standard in case a company falls sick temporarily even after the first round of restructuring.
RBI governor asks private banks to ensure continuity in provision of various financial services
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RBI governor asks private banks to ensure continuity in provision of various financial services
PTI / Updated: May 25, 2021, 23:17 IST
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Shaktikanta Das impressed upon the banks to quickly and swiftly implement the measures announced by the RBI on May 5, 2021, in right earnest. (File photo)
MUMBAI: The Reserve Bank of India (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.
RBI Board approves transfer of ₹99,122 crore as surplus to government
Updated:
Updated:
May 21, 2021 14:01 IST
The decision to transfer the surplus to the Central government was taken at the meeting of the Central Board of Directors of RBI.
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Reserve Bank of India Governor Shaktikanta Das.
The decision to transfer the surplus to the Central government was taken at the meeting of the Central Board of Directors of RBI. The Reserve Bank of India on Friday approved the transfer of ₹99,122 crore as surplus to the Central government for the accounting period of nine months ended March 31.
The decision to transfer the surplus to the Central government was taken at the meeting of the Central Board of Directors of RBI. The meeting was held through video-conferencing.
RBI Governor to deliver an unscheduled speech at 10 a.m.
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May 5 |
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May 05, 2021
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The address comes amid request for relief, including payment moratorium, in the wake of a surge in Covid-19
Reserve Bank of India said Governor Shaktikanta Das will make a speech Wednesday, an unscheduled appearance as ferocious new coronavirus wave devastates the country.
The address will be broadcast at 10 a.m. local time, the RBI said on Twitter, without providing further details.
The Covid-19 wave that has slammed India in recent weeks will probably worsen before it starts to taper off sometime later this month, forecasters warn. Pressure from industry groups has begun mounting on Prime Minister Narendra Modi to impose lockdowns to stem its spread, a move he has so far resisted to avoid the economic damage suffered last year.