Debt decision framework is anticipated to offer sturdy reduction to debtors dealing with Covid-related misery: Shaktikanta Das


Mumbai, August 27

*Debt decision framework is anticipated to offer sturdy reduction to debtors dealing with COVID-related misery: RBI Governor Shaktikanta Das.

*Post containment of pandemic, cautious trajectory must be adopted for unwinding; monetary sector ought to return to normalcy: RBI Guv.

*By no sense ought to it’s assumed that RBI will unwind the measures quickly, Governor Das clarifies.

*Overall, the banking sector continues to be sound and secure: Shaktikanta Das.

*Consolidation of PSBs a step in proper course; dimension of banks is crucial, however effectivity is much more vital: RBI Guv.

*Being overly risk-averse is self-defeating for banks, says RBI chief.

*RBI Governor says there may be appreciable room for enchancment in banks to keep away from frauds.

*To say that banks will face stress is stating the apparent; what’s extra vital is how banks react and reply to the problem: RBI Guv.

*Proactive elevating of capital will likely be essential to enhancing resilience of banks, monetary sector: Shaktikanta Das.

*Once there may be readability on COVID-19 curve and different points, RBI will begin giving its estimates on inflation and progress, says Guv Das.

*We haven’t exhausted our ammunition, whether or not on charge cuts or different coverage actions: RBI chief Das. PTI



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