RBI guv Das chastises banks not doing enough on lending, NBFC liquidity

Relaxation likely on branch audit as Guv meets bankers

The Reserve Bank of India (RBI) has indicated giving relaxations to banks on audit of branches for 2019-20, as they face challenges in managing branch networks owing to the coronavirus lockdown.
 

RBI Governor Shaktikanta Das on Saturday met heads of major banks, both from the public and private sectors, in two separate sessions through videoconferencing to review the current economic situation, liquidity to non-banking financial companies (NBFCs), and the issue of moratorium on loan repayments, among other things.
 

Das reportedly chastised the banks for not doing enough on lending and NBFC liquidity. He was also upset about the failure of