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RBI governor asks banks to strengthen lending capacity by raising capital

During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need to remain vigilant and make provisions against bad loans proactively

Shaktikanta Das
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Das had held similar discussions in May, meeting representatives of other financial institutions

Press Trust of India Mumbai
The Reserve bank of India (RBI) Governor Shaktikanta Das has asked banks to take proactive measures to strengthen their resilience and lending capacity by raising capital, the central bank said in a statement on Wednesday.

During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need to remain vigilant and make provisions against bad loans proactively.

Das had held similar meetings in May as well. He had also met with representatives of other financial institutions like NBFCs and microfinance lenders.

The RBI, in its statement, said Das held meetings with the managing directors (MDs) and

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First Published: Dec 24 2020 | 1:19 AM IST

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