Photo: The Financial Express
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… read-more
Tags: RBI, Bank, Covid-19, Lockdown, Small finance banks, Shaktiman Das
Courtesy: LiveMint
Photo: The Financial Express
RBI Governor: Pandemic Led to $6 Trillion Outflow Globally at Zero Interest Rate
On August 21, RBI Governor Shaktikanta Das said that there has been a surplus liquidity globally, which has resulted in the asset prices to increase. Due to which, he believes that a "disconnect" has been caused between the stock market rates and the actual economy. He further stated, the Covid-19 pandemic has resulted in an outflow of $6 trillion from the central banks across the globe to the financial… read-more
Tags: RBI GOVERNOR, RBI, Shaktiman Das, Indian Economy, Global Economy
Courtesy: Republic World
