SBI Chairman Dinesh Kara says, RBI'S policy statement leaves clear imprint on growth

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Apr 07, 2021

9:50PM

SBI Chairman Dinesh Kara says, RBI'S policy statement leaves clear imprint on growth

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SBI Chairman Dinesh Kara said that the RBI'S policy statement leaves a clear imprint on growth. He said, The RBI policy statement is a clear commitment to assuage uncertainties in the market through guaranteed, continued liquidity support and explicit guidance to navigate through the current COVID surge, the duration of which is uncertain.

This apart, permitting banks to co-lend through NBFC’s and bringing it under PSL guidelines will widen base lending. He added, The enhancement of loan limits against electronic warehouse receipts will encourage lending for allied activities. Several steps undertaken in the realm of payment systems will give a fillip to digital adoption and competition. The idea of setting up a Committee to review the working of ARC’s could open up new vistas of faster resolution.