RBI board examines Governance framework

Liquidity, credit delivery also came up for discussion

MUMBAI: The first board meeting of the Reserve Bank of India (RBI) under the chairmanship of the new Governor, Shaktikanta Das held today (Friday) discussed among several key issues, the Governance Framework of RBI and concluded that the matter requires further examination, according to a statement issued by RBI.

The Central Board placed on record its appreciation of the valuable services rendered by Dr Urjit R. Patel during his tenure as Governor and Deputy Governor of the Bank.

“The Board also reviewed the current economic situation, global and domestic challenges, matters relating to liquidity and credit delivery to the economy, and issues related to currency management and financial literacy. The draft report on Trend and Progress of Banking in India (2017-18) was also discussed,” the statement added.

 

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