 "Shaktikanta Das, RBI governor")
Bank moratorium was a temporary solution to the lockdown-related stress but the resolution framework was a permanent framework, Reserve Bank of India governor Shaktikanta Das has said in an interview to CNBC TV18.
Justifying the decision to go in for moratorium which ends on August 31, Das said the RBI formed the “Covid-19-related resolution framework” after taking into consideration financial health of banks as well as depositors. Businesses, he said, were in a lot of stress and if they failed, it would have led to financial instability.
Das said the central bank had not put out key growth
Justifying the decision to go in for moratorium which ends on August 31, Das said the RBI formed the “Covid-19-related resolution framework” after taking into consideration financial health of banks as well as depositors. Businesses, he said, were in a lot of stress and if they failed, it would have led to financial instability.
Das said the central bank had not put out key growth
