IGI Logo

Reserve Bank of India (RBI) Governor Shaktikanta Das has asked state-owned banks to quickly implement measures announced by the central bank recently in the ‘right earnest’. He also urged the banks to continue focussing on steps to enhance the resilience of their balance sheets.

Das acknowledged the important role being played by Public Sector Banks (PSBs) in extending various banking facilities including credit facilities to individuals and businesses while tackling the challenges brought on by the pandemic.

Earlier this month, the governor had announced a slew of measures, including term liquidity facility of Rs 50,000 crore to ease access to emergency health services, to further improve lending to MSME sector, restructuring of loans, and rationalisation of compliance to KYC, in wake of the second wave of the Covid-19 pandemic.