Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday asked heads of select private sector banks to boost credit flows to retail and small business borrowers and quickly implement all the measures announced by the apex bank on May 5 as part of Covid-relief measures.
Das met met the MD & CEOs of select Private Sector Banks through video conference in a meeting that was also attended by Deputy Governors MK Jain, M Rajeshwar Rao, Michael D Patra and T Rabi Sankar.
In his opening remarks, the Governor recognised the crucial role played by the private sector banks as important stakeholders in the Indian banking sector.He impressed upon the banks to quickly and swiftly implement the measures announced by RBI on May 5, 2021 in right earnest.