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RBI board meets digitally to take stock of Covid-19 impact on economy

While there was an expectation that the board would also discuss one-time restructuring scheme for stressed assets of banks, it was not there in the agenda for the board meet

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While there was an expectation that the board would also discuss one-time restructuring scheme for stressed assets of banks, it was not there in the agenda for the board meet.

Anup Roy Mumbai

2 min read Last Updated : Jun 27 2020 | 12:56 AM IST

The Reserve Bank of India (RBI) central board met on Friday via videoconferencing to discuss the impact of measures undertaken by the central bank after the Covid-19 outbreak in India, among other issues.

The meeting deliberated on the current economic situation and the evolving challenges posed by the pandemic, the RBI said, adding, “among others, the board also discussed the Reserve Bank’s activities during the period (July 2019-June 2020), the budget for the next accounting year July 2020 to March 2021 (aligned with the government’s financial year), and other policy and operational matters”.

While there was an expectation that the board would

Topics : Coronavirus Reserve Bank of India RBI Indian Economy

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