New Delhi: Reserve Bank of India Governor Shaktikanta Das said at the seventh SBI Banking and Economics Conclave on Saturday that Indian companies and industries did better even in times of Corona crisis. He also emphasized that this crisis showed how strong and flexible the country’s economy and its financial system are.
Shaktikanta Das said that the Reserve Bank of India has taken several steps to preserve the economic system, support the economy in the current crisis. He said, “Development is the first priority for RBI, financial stability is equally important.”
He said, ‘RBI has strengthened its offsite monitoring mechanism to identify emerging risks. RBI is also talking to all stakeholders to find a solution for Punjab and Maharashtra Cooperative Bank.
Shaktikanta Das said, ‘Corona has emerged as the biggest health and economic crisis in the last 100 years. This has caused many negative effects. This includes everything from production to jobs. It has hurt the current world. Has impact on capital to level movement globally.
