On Friday, the Governor of Reserve Bank of India Shaktikanta Das conducted a meeting with CEOs and all managing directors of Small Finance Banks to gauge the potential stress on balance sheets on backdrop of rising Covid 19 cases and the lockdown system.
According to the some of the statements which were released by the Central Bank about the trending economic situation and credit flows of borrowers and all the liquid scenario. Das explained about the important role of Small Finance Banks in delivery credit and other Financial services to individual and to all business persons of all Small sectors. He given certain suggestions that to attract certain attention from the customers and to improve the grievance redressal , it should have to take certain Strengthening of IT systems according to the interest of customers.
A lot of discussion had covered around assessing liquid scenario for Banks and making an assessment of bad assets emerging from currents economic situation. Governor also advised Banks to pay focused attention. The meeting was also attended by Deputy Governor M. K. Jain, M. D. Patra , M. Rajeshwar Rao and other senior official’s of Reserve Bank of India.