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Won't like banking system to be in a situation of loose money: RBI Governor

RBI will take steps if there's liquidity shortage, said Shaktikanta Das

Agencies/BS Web Team  |  New Delhi 

Shaktikanta Das
Shaktikanta Das. Photo: Kamlesh D Pednekar

The Reserve Bank of India (RBI) will not like the banking system to be in a situation of "loose money", Governor said on Monday after a meeting with representatives of small- and medium-sized businesses.

The is also looking at new governance reforms for state-owned but will not "throttle" their functioning, Das told reporters.

ALSO READ: To bridge fiscal deficit, RBI likely to pay govt $5.8 bn interim dividend

Highlights of what the governor said:

— As and when a decision on interim dividend is taken, will announce it.

— State of NPAs and health of public sector a major focus currently

— Have met private and PSU bankers on liquidity issue; RBI has announced extra Rs 10,000 cr of open market operations

— Some issues faced by MSMEs come in RBI's domain but most of them are under the govt

First Published: Mon, January 07 2019. 13:53 IST
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