RBI Governor Shaktikanta Das (file picture)
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday held a digital assembly with managing administrators and CEOs of small finance banks to gauge potential stress on their stability sheets within the backdrop of rising Covid-19 circumstances and consequent localised lockdowns. He mentioned the present financial state of affairs, credit score flows to totally different segments of debtors and the liquidity situation, in keeping with a press release launched by the central financial institution.
Das recognised the vital position of small finance banks in delivering credit score and different monetary companies to people and small companies. He emphasised supervisory expectations when it comes to sustaining their enterprise resilience and managing dangers prudently.
The RBI governor suggested banks to pay focussed consideration on enhancing buyer grievance redress course of and strengthening IT methods within the curiosity of consumers. The assembly was additionally attended by Deputy Governors M Ok Jain, M D Patra, M Rajeswar Rao and different senior officers of RBI.
