RBI governor meets PSB chiefs, takes stock of banking sector

About 50 per cent of the PSBs are reeling under NPA and have been put under the RBI’s Prompt Corrective Action (PCA) framework.

Reserve Bank of India (RBI) governor Shaktikanta Das today met the chief executives of the various public sector banks (PSBs). 
 
During discussion, Das conveyed regulator’s expectations from the banking sector and the state-owned banks in particular.
 
“Basically the idea was convey to them the regulator's expectation from the banking sector in general and public sector banks in particular, and also to get from them their understanding of the current banking situation, and to get an understanding about the future outlook, the sense they have,” Das was quoted as saying, after meeting PSB CEOs in the national capital.
 
About 50 per cent of the PSBs are reeling under NPA and have been put under the RBI’s Prompt Corrective Action (PCA) framework.
 
The meeting comes days before the current government presents its last budget in office.
 
This meeting with PSB chiefs also comes less than a fortnight before the RBI announces its sixth bi-monthly monetary policy for 2018-19 on February 7.
 
Source: Businessline

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