Be watchful of Covid situation, push credit flows: Shaktikanta Das to banks

Takes stock of the progress in implementing Covid resolution framework

Reserve Bank of India (RBI) Governor Shaktikanta Das met the heads of public and private sector banks on Monday and cautioned them to remain watchful of the evolving Covid-19 situation in the country. 

The governor has asked banks to take proactive measures and shore up capital to strengthen their balance sheets. 

Das in his remarks said the recent policy measures had been taken to further support the ongoing recovery while preserving financial stability. He touched upon the importance of credit flows in sustaining the nascent economic recovery. 

In the recently concluded monetary policy meeting, the six-member committee voted unanimously for a status quo