(PTI)
Reserve Bank Governor Shaktikanta Das met more state-run bankers to discuss issues related to relaxing the prompt corrective action (PCA) framework, liquidity and credit flows to MSMEs, bankers said.
This is the second meeting between public sector lenders and RBI since Das took charge last Tuesday, following the sudden resignation of Urjit Patel due to deep differences with the government on a host of issues, including calls for relaxing the PCA for some banks, autonomy and operational independence, as well as parting with at least one-third of its reserve capital to government, among others.
The lenders who attended the meeting included Bank of Baroda, Bank of Maharashtra, Allahabad Bank, Indian Overseas Bank, Indian Bank, Syndicate Bank, United Bank of India and Uco Bank, among others. “It was a general feedback meeting. The RBI wants to know the state of individual banks. There were also discussions on issues related to liquidity and credit flows to the MSME sector,” a banker said.
