SME Times News Bureau | 30 Apr, 2021
The Reserve Bank of India on Friday held a meeting with heads of small
finance banks on credit flows to different segments of the borrowers and
get a sense of emerging stress on banks' balance sheet in view of the
current economic situation.
The video conference meeting, chaired
by RBI Governor Shaktikanta Das, was also attended by Deputy Governors
M. K. Jain, M.D. Patra, M. Rajeswar Rao and a few other senior RBI
officials.
In his opening remarks, the Governor recognised the
important role of the SFBs in delivering credit and other financial
services to individuals and small businesses. He also emphasised the
supervisory expectations in terms of maintaining their business
resilience and managing risks prudently.
Das advised the banks to
pay focussed attention on improving customer grievance redress process
while also strengthening IT systems in the interest of the banks and
their customers.
A lot of discussions hovered around assessing
liquidity scenario for banks and making an assessment of bad assets
emerging from current economic situation.