Das meets heads of PSBs, discusses transmission of rates, stressed assets

The Reserve Bank of India (RBI) Governor Shaktikanta Das (pictured) on Wednesday met the chiefs of major public sector banks (PSBs) to get their feedback on transmission of rates. He also asked them to improve coordination for swift resolution of stressed assets.

The meeting focused on credit flow to the ‘productive sectors’ which include micro, small and medium enterprises and non-banking financial companies (NBFCs). The governor discussed the progress on deepening digital payments through focused outreach activities planned by banks to make identified districts in each state and Union Territory digitally enabled.

“There has been some improvement in the banking sector. It