In his opening remarks, the Governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period.
During the meeting, among other matters, the following issues were discussed.
1. Review of the current economic situation;
2. Credit flows to different sectors of the economy, including liquidity to Non-Banking Financial Companies, Micro Finance Institutions, Housing Finance Companies, Mutual Funds, etc.;
3. Post lockdown credit flows including provision of working capital, with special focus on credit flows to MSMEs;
4. Implementation of three months moratorium on repayment of loan instalments announced by the RBI;
Also Read
5. Monitoring of overseas branches of banks in view of the slowdown in economies across the globe;
6. Stability of the financial sector.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content