The Governor, Reserve Bank of India (RBI) held meetings with the MD/CEOs of Public Sector Banks and select Private Sector Banks on April 12, 2021 through video conference. The meetings were attended by Deputy Governors Shri M. K. Jain, Shri M. Rajeswar Rao and a few other senior officials of RBI.

In his opening remarks, the Governor highlighted the recent policy measures taken by the RBI to further support the ongoing recovery while preserving financial stability. In this backdrop, he touched upon the importance of credit flows in sustaining the nascent economic recovery and advised the banks to remain watchful of the evolving situation and continue taking measures proactively for maintaining their business continuity, sharpening business strategies and raising adequate capital for strengthening balance sheets. He also emphasised the need for banks to maintain close vigil on the payments and other IT systems operated by banks and fortifying those for enhanced efficiency and resilience so as to offer seamless and uninterrupted customer service.

Among other matters, the following issues were discussed in the meeting:

1. Progress in the implementation of Covid Resolution Framework;

2. Outlook on stresses assets;

3. Capital augmentation;

4. Liquidity scenario & Monetary transmission;

5. Credit flows to different sectors including to stressed sectors, MSMEs, retail, etc.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/47