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16
January 2019
 |
RBI
(The Total Investment & Insurance Solutions)
Continuing
his series of consultations with various stakeholders of the economy, Reserve
Bank of India Governor Shaktikanta Das on Wednesday said he would meet the
representatives from the industry and commerce on Thursday.
"Will
meet the apex chambers/associations of industry and commerce tomorrow (17th
January)," Das said in a tweet. This is his fifth tweet since he assumed
charge as Reserve Bank of India (RBI) Governor on December 11 last year.
The
meeting becomes significant as the industry expects monetary policy easing by
the central bank as the inflation is down and within control. The RBI will have
its sixth bimonthly monetary policy meeting on February 7 and the industry is
expecting a cut in policy rates.
Das,
who replaced Urjit Patel after he suddenly resigned on December 10 following a
tussle with the Central government over liquidity concerns, has been holding
meetings with various groups to review the situation, unlike his predecessor.
Since
joining office, Das has already held meetings with public and private sector
banks, cooperative banks, MSME (micro, small and medium enterprises)
associations and representatives of non-banking financial companies (NBFCs).
He had
recently said the central bank will continuously monitor the liquidity
situation and will take need-based steps to deal with the liquidity deficit.
Liquidity became a concern after infrastructure financing company IL&FS
defaulted on its dues.
While
liquidity crunch hit the NBFC sector last September after payment defaults by
IL&FS and its subsidiaries, small and medium industries were yet to recover
from the fallout of 2016 demonetisation of high denomination currency notes and
the GST rollout in July 2017.
A day
after joining RBI, on December 12, Das had said that the health of public
sector banks, liquidity issue and maintenance of growth trajectory of Indian
economy are some of the important issues for which he would interact with
stakeholders and get an internal feedback before forming a view.The Total Investment & Insurance
Solutions
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