New RBI Guv to start innings with meeting PSU banks

Newly appointed Reserve Bank of India Governor Shaktikanta Das will start his tenure with meeting the public sector bank heads on Thursday amid concerns that the central banks' lending norms have almost throttled loans to businesses.

Newly appointed Reserve Bank of India Governor Shaktikanta Das will start his tenure with meeting the public sector bank heads on Thursday amid concerns that the central banks' lending norms have almost throttled loans to businesses.

“I will have a consultative meeting with the PSU bank CEOs and MDs located in Mumbai tomorrow and thereafter, those from outside Mumbai,” Das said in his first media interaction minutes after taking over the charge of RBI Governor.

Das took over as 25th Governor of RBI this morning after an abrupt exit of his predecessor Urjit Patel.

The governor said he has not fixed any agenda for the meeting with the state-owned bank heads on Thursday and that the discussion will revolve around general issues related to the economy.

“Banking is an important wing of the economy and I will indulge with them in a general discussion of their understanding of how the economy is functioning.

A few bankers occasionally complained of RBI under Patel becoming uncommunicative. They have also been peeved at the February 12 circular when RBI remodelled loan restructuring schemes which they allege has impacted power sector the most.


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