HDFC Chairman Deepak Parekh urged Shaktikanta Das to not extend the moratorium as it will hurt banks
RBI Governor Shaktikanta Das.RBI Governor Shaktikanta Das today said that the structural transformations made by the government have helped India stand among the league of nations. In an online session conducted by the industry body Confederation of Indian Industry (CII), HDFC Chairman Deepak Parekh urged Shaktikanta Das to not extend the moratorium as it will hurt banks. Deepak Parekh added that those who have the capacity to pay are also not paying. Replying to the HDFC Chairman, the RBI Governor said that he cannot comment on the moratorium but he has noted it.
Shaktikanta Das further listed five major dynamic shifts in the India economy. He said that fortunes are shifting in favour of the farm sector. Besides, the changing energy mix in favour of renewables, leveraging information and communication technology, a shift in supply and value chain, and infrastructure as a force multiplier of growth are likely to take the Indian economy to new heights.
To be updated…
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