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| RBI board meets to provide directions to the bank's affairs |
| Press Trust of India / Bhubabeswar Feb 16, 2012, 17:36 IST |
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Central Board of Directors of Reserve Bank of India (RBI) met here today to provide an overall direction to the bank's affairs in light of present economic scenario.
The meeting chaired by RBI governor D Subbarao discussed the present financial situation in the country and the impact of global economy on India, RBI sources said.
Among others the issue relating to the non-performing assets (NPA) with the banks was also taken up, while the question of interest rate revision was also examined in the backdrop of declining inflation, they said.
RBI's central board meets at least once every quarter. Apart from holding meetings in Mumbai, Chennai, Kolkata and one in New Delhi, the rest of the meetings are held in other state capitals by rotation.
Besides the governor, directors like Anil Kakodar, M V Rajeev Gowda, Y H Malegam, Dipankar Gupta, G M Rao, Ela Bhatt, Indira Rajaraman and Najeeb Jung attended the meeting here.
"The governor or any of the director will not speak to media in view of the model code of conduct," RBI's Chief General Manager Alpana Killawala told reporters.
The governor, according to an official release, met local bankers and Odisha government officials last evening where he discussed issues relating to opening of additional bank branches by commercial banks in rural areas, progress in financial inclusion plan and deliver of assistance under the beneficiaries oriented programmes through electronic benefit transfer (EBT) mechanism and credit support to agriculture and allied sector by the commercial banks.
Besides, the governor also discussed on financing of micro, small and medium enterprises, SHG-Bank linkage programme, recovery climate and organisational aspects of rural self employment training institutes and financial literacy and credit counselling centres and licensing of district co-operative banks.
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