The Reserve Bank of India (RBI) governor Shaktikanta Das met the MD and CEOs of Public Sector Banks and certain Private Sector Banks through video conference.
The meeting was held on November 02, 2021, and also attended by RBI Deputy Governors M. K. Jain, M. Rajeshwar Rao and T. Rabi Sankar.
RBI Governor Das in his opening remarks acknowledged the improved financial and operational resilience of the banking sector which impart strength to financial stability.
The RBI governor emphasised the need for banks to continue providing necessary support in the revival of economic activity.
Further, Das advised the banks to remain vigilant to any emerging signs of vulnerabilities and take timely remedial measures to mitigate the risks and maintain the stability of not only the institutions themselves but also the overall financial system.
Among issues that were discussed in the meetings are - Credit flows, especially to micro and small enterprises; Outlook for stressed assets and measures for mitigation; Pricing of risks; Collection efficiencies; Engagement of banks with fin-tech entities; and Implementation of certain regulatory measures for ensuring consumer protection.
