RBI Guv Shaktikanta Das Discusses Liquidity Crunch With Small Banks
Concerning liquidity crunch and alarming balance sheet stress, RBI governor Shaktikanta Das chaired an online meeting on April 30 with several small finance banks. The meeting attended by deputy governors, including MK Jain and MD Patra, discussed about current economic scenario while laying stress on the credit flow. Das insisted banks to improve IT systems while emphasising on risk management. Notably, COVID-induced lockdown has affected small banks negatively.