Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday held a digital assembly with managing administrators and CEOs of small finance banks to gauge potential stress on their steadiness sheets within the backdrop of rising Covid-19 circumstances and consequent localised lockdowns. He mentioned the present financial state of affairs, credit score flows to totally different segments of debtors and the liquidity situation, based on an announcement launched by the central financial institution.
Das recognised the necessary function of small finance banks in delivering credit score and different monetary providers to people and small companies. He emphasised supervisory expectations by way of sustaining their enterprise resilience and managing dangers prudently.
The RBI governor suggested banks to pay focussed consideration on bettering buyer grievance redress course of and strengthening IT techniques within the curiosity of consumers. The assembly was additionally attended by Deputy Governors M Ok Jain, M D Patra, M Rajeswar Rao and different senior officers of RBI.