Liquidity crisis: RBI governor Shaktikanta Das calls on pvt sector bankers

Reserve Bank governor Shaktikanta Das Thursday held meetings with top private sector lenders and discussed liquidity issues and the flow of credit to small and medium businesses, according to bankers. This is the third meeting Das has had with the lenders, with the first two being with public sector banks, after he took charge on December 12 following the sudden resignation of Urjit Patel on December 10 due to the differences with the government on a host of issues including those discussed Thursday. "There were discussions on the ways to improve the flow of credit to medium and small industries and also on the present liquidity situation," said a banker who attended the meeting which was also attended by the deputy governors and other top private sector lenders. Following default by Infrastructure Leasing & Financial Services (IL&FS) in September, liquidity situation in the system became too tight. At the November 19 meeting of the central board of RBI, the ...

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