RBI Has Not Exhausted Its Ammunition In COVID-19 Fight: Shaktikanta Das indianexpress.com

RBI Governor Shaktikanta Das on Thursday stressed that post containment of coronavirus (COVID-19) pandemic, a careful trajectory needs to be followed for unwinding and added that the financial sector should return to normalcy.

Speaking at ‘Unlock BFSI 2.0‘ event by Business Standard, the central bank governor said that the debt resolution framework is expected to give durable relief to the borrowers who are facing COVID-related distress.

He stressed that the RBI has not exhausted its ammunition, whether on rate cuts or other policy actions.

He said that the banking sector in India continues to be sound and stable and clarified that it should not be assumed that RBI will unwind the measures soon.