RBI's Central Board takes stock of current economic situation

RBI's Central Board takes stock of current economic situation

IANSUpdated: Friday, August 13, 2021, 07:19 PM IST
article-image
In its 590th meeting, chaired by Governor Shaktikanta Das, the board reviewed global and domestic challenges facing the country and various areas of operations of the bank/ Representational image | Screengrab/ YouTube

The Reserve Bank of India's (RBI) Central Board met on Friday to take stock of the current economic situation and review the measures taken by the apex bank to mitigate the adverse impact of Covid-19 on the economy.

In its 590th meeting, chaired by Governor Shaktikanta Das and held via video conferencing, the board also reviewed global and domestic challenges facing the country and various areas of operations of the bank.

The Board also reviewed the functioning of the Local Boards.

Deputy Governors Mahesh Kumar Jain, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar and other Directors of the Central Board viz. Satish K. Marathe, S. Gurumurthy, Revathy Iyer, and Sachin Chaturvedi attended the meeting.

Secretary, Financial Services, Debasish Panda, and Secretary, Economic Affairs, Ajay Seth also attended.

RECENT STORIES

What The Union Budget Means For India’s Youth
What The Union Budget Means For India’s Youth
93% Of Travellers Link In-Flight Comfort To Post-Landing Well-being, 60% Flyers Willing To Pay Extra...
93% Of Travellers Link In-Flight Comfort To Post-Landing Well-being, 60% Flyers Willing To Pay Extra...
PFC–REC Merger Likely To Boost Renewable Financing, Strengthen Grid Funding And Expand...
PFC–REC Merger Likely To Boost Renewable Financing, Strengthen Grid Funding And Expand...
Godrej Consumer Q3 Profit Surges 62% QoQ To ₹529 Crore, Revenue Grows 5% YoY To ₹3,694 Crore
Godrej Consumer Q3 Profit Surges 62% QoQ To ₹529 Crore, Revenue Grows 5% YoY To ₹3,694 Crore
Will Raising STT Actually Stop Speculation?
Will Raising STT Actually Stop Speculation?