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RBI governor, officials of SFBs discuss potential stress on balance sheets

RBI governor Shaktikanta Das held a meeting with the CEOs of small finance banks (SFBs) through video conference

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Reserve Bank of India | Small Finance Banks | Shaktikanta Das

Press Trust of India  |  Mumbai 

The RBI was at the forefront of providing stimulus to the economy last year, while the Narendra Modi-led government followed with modest fiscal steps

RBI Governor and top officials of on Friday discussed the outlook on potential stress on balance sheets and liquidity scenario, among other issues.

The governor held a meeting with the MD/CEOs of (SFBs) through video conference. It was also attended by deputy governors M K Jain, M D Patra, M Rajeswar Rao and a few other senior officials of the RBI, the central bank said in a statement.

In his opening remarks, Das recognised the important role of the SFBs in delivering credit and other financial services to individuals and small businesses.

He also emphasised the supervisory expectations in terms of maintaining their business resilience and managing risks prudently.

Among other issues, outlook on potential stress on banks' balance sheets and liquidity scenario were discussed during the meeting, the said.

Besides, they also assessed the current economic situation and credit flow to different segments of borrowers.

The governor advised the to pay focused attention to improving the customer grievance redress process while also strengthening the IT systems in the interest of the banks and their customers.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, April 30 2021. 23:31 IST
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