Economic Impact of COVID-19 is Hard to Measure, Says RBI Governor

Economic Impact of COVID-19 is Hard to Measure, Says RBI Governor 

Economic Impact of COVID-19 is Hard to Measure, Says RBI Governor 

Mumbai : Debt resolution framework is expected to give durable relief to borrowers facing COVID-related distress: RBI Governor Shaktikanta Das.

*Post containment of pandemic, careful trajectory needs to be followed for unwinding; financial sector should return to normalcy: RBI Guv.

Economic Impact of COVID-19 is Hard to Measure, Says RBI Governor 

Economic Impact of COVID-19 is Hard to Measure, Says RBI Governor 

*By no sense should it be assumed that RBI will unwind the measures soon, Governor Das clarifies.

*Overall, the banking sector continues to be sound and stable: Shaktikanta Das.

*Consolidation of PSBs a step in right direction; size of banks is essential, but efficiency is even more important: RBI Guv.

*Being overly risk-averse is self-defeating for banks, says RBI chief.

*RBI Governor says there is considerable room for improvement in banks to avoid frauds.

*To say that banks will face stress is stating the obvious; what is more important is how banks react and respond to the challenge: RBI Guv.

*Proactive raising of capital will be crucial to improving resilience of banks, financial sector: Shaktikanta Das.

*Once there is clarity on COVID-19 curve and other aspects, RBI will start giving its estimates on inflation and growth, says Guv Das.

*We have not exhausted our ammunition, whether on rate cuts or other policy actions: RBI chief Das. PTI