RBI Governor Directs Banks, Implement Central Bank Decisions

RBI Governor Shaktikant Kant Das directs banks, implement central bank decisions soon. The Reserve Bank of India (RBI) has asked banks to quickly implement its recent announcements.

The Governor of RBI, Dr. Shaktikanta Das, had a meeting with the MD and CEO of state-run banks on Wednesday.

In this, the banks have been clearly told that the announcements made by the RBI in the past and the kind of strengthening that the banks have been asked to bring in their balance sheets, start implementing them immediately.

By the way, in this meeting, Das acknowledged that all banks are playing an important role in dealing with the challenges arising out of the Corona crisis and providing financial assistance to the people and companies.

In view of the challenges posed by the second wave of the Corona crisis, the RBI made some announcements in the first week of this month.

This included announcements such as providing easy credit to the MSME (micro, small and medium enterprises) sector, restructuring debt, and rationalizing KYC, including providing an affordable loan facility of Rs 50,000 crore to companies related to the healthcare sector.

RBI Deputy Governors MK Jain, M. Rajeshwar Rao, Michael Debavrat Patra, and T. Rabi Shankar were also present at the meeting.

In the meeting held on Wednesday, the current situation of the financial sector, MSME, and the status of loans being given to various sectors including small borrowers, the RBI also discussed in detail with the banks.

The meeting also discussed the implementation of policy measures taken by the RBI in view of the challenges posed by the Covid-pandemic and the benefits of monetary policy to the customers.

Stocks to buy today: 50 such shares that can make good earnings today, know the trend before buying

A positive trend can be seen in the Share Market on Thursday. This is expected to happen given the global markets and SGX Nifty.

However, the Sensex of the Bombay Stock Exchange (BSE) had dropped 291 points on Wednesday. After the last 3 trading sessions, the market fell due to profit-booking by investors.

The biggest impact of the sell-off was on the shares of Bank and Fintech companies.

Which stocks should be the focus today, which are the stocks that can be seen in Intraday special movement, among them are Hawkins, JK Tire & Industries, Indian Oil Corporation, and many others.