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RBI extends deadlines for meeting thresholds under Covid restructuring scheme

RBI extends deadlines for meeting thresholds under Covid restructuring scheme
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RBI Guv asks pvt sector bank chiefs to ensure continuity in provision of financial services


RBI Guv asks pvt sector bank chiefs to ensure continuity in provision of financial services
May 25, 2021
Reserve Bank of India (RBI) Governor Shaktikanta Das (file photo)   -  PTI×
Das also underscored the importance of quickly and swiftly implementing the measures announced by RBI
Reserve Bank of India (RBI) governor Shaktikanta Das on Tuesday advised Private Sector Banks (PvSBs) chiefs 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.
In a meeting with the MD & CEOs of select PvSBs through video conference, Das also underscored the importance of quickly and swiftly implementing the measures announced by RBI on May 5, in right earnest. ....

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reserve bank of india: RBI meets heads of private sector banks to assess Covid impact


Synopsis
“Das 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,0 the RBI said. “He also urged them to continue focussing on efforts to further strengthen their balance sheets proactively.”
In a statement issued by the RBI, the regulator said that the governor impressed upon banks to quickly and swiftly implement the measures announced by it.
The Reserve Bank of India Governor Shaktikanta Das and his deputies on Tuesday met with the head of select private sector banks to assess the impact of Covid on the Indian economy, the asset quality of lenders and credit flow to important sectors. The meeting which was held over video conference was also attended by all four deputy governors M. K. Jain, Rajeshwar Rao, Dr. Michael D. Patra and T. Rabi Sankar. ....

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RBI Guv meets private bank CEOs, seeks implementation of liquidity measures


RBI Guv meets private bank CEOs, seeks implementation of liquidity measures
​ By
IANS
|
Published on
​ Tue, May 25 2021 19:33 IST
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​ 0 Views
 
Mumbai: Reserve Bank of India Governor Shaktikanta Das addresses a pess conference at the RBI Headquarters in Mumbai on Apr 17, 2020. . Image Source: IANS News
Mumbai, May 25 : Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday asked heads of select private sector banks to boost credit flows to retail and small business borrowers and quickly implement all the measures announced by the apex bank on May 5 as part of Covid-relief measures.
Das met met the MD & CEOs of select Private Sector Banks through video conference in a meeting that was also attended by Deputy Governors M. K. Jain, M. Rajeshwar Rao, Michael D. Patra and T. Rabi Sankar. ....

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RBI Governor asks PSBs to quickly implement Covid-related measures


May 19, 2021
Urges them to focus on resilience of balance sheet
The Reserve Bank of India (RBI) on Wednesday asked public sector banks (PSBs) to quickly implement the recently announced Covid-19 related measures in right earnest. The measures included providing fresh lending support to entities in emergency health services, and resolution framework 2.0 for Covid-related stressed assets of individuals, small businesses and MSMEs.
In a virtual meeting of PSB chiefs, top brass of RBI, including Governor Shaktikanta Das and four Deputy Governors, issues relating to the current state of the financial sector and credit flows to different sectors, including to small borrowers and MSMEs were also discussed. Further, the meeting took stock of the progress in the implementation of Covid Resolution Framework 1.0 (of August 2020); monetary policy transmission; and implementation of Covid-related policy measures taken by RBI. ....

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