Reserve Bank of India (RBI) Governor Shaktikanta Das held meetings with heads of major public and private sector lenders through video conferencing on Saturday and discussed the current economic situation in the country. The RBI chief’s talks with the heads of banks comes a day after the government extended a 40-day nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic.Mr Das praised the efforts of banks “in ensuring normal to near normal operations” during the coronavirus-induced lockdown.The RBI chief also discussed the credit flows to different sectors of the economy, including non-banking financial companies (NBFCs), microfinance institutions, housing finance companies and mutual funds.
RBI Chief Talks With The Heads Of Banks Comes A Day After The Government Extended A 40-Day Nationwide Lockdown.
