New Delhi, Dec 14 (UNI) The Reserve Bank of India’s Central Board met under the chairmanship of Governor Shaktikanta Das on Friday and reviewed liquidity and credit delivery to the economy.
"The Board reviewed, inter alia, the current economic situation, global and domestic challenges, matters relating to liquidity and credit delivery to the economy, and issues related to currency management and financial literacy," the RBI said in a statement.
On December 11, RBI said it would infuse Rs.10,000 crore into the market through open market operations (OMOs) to improve liquidity conditions in the market.
The Board, which comprises monetary policy makers, finance ministry representatives and industrialists, also decided to examine furher the Governance Framework of the central bank.
"The Board deliberated on the Governance Framework of the Reserve Bank and it was decided that the matter required further examination," said the statement.
This is the first board meet chaired by Das, who took charge as the 25th Governor on Wednesday.
In the previous board meeting held on November 19, the 18-member board had decided to constitute a committee of experts to fix the appropriate level of economic capital framework (ECF) that the central bank should hold at any given time and the membership and terms of reference of which will be jointly determined by government and RBI.
At Friday's meeting in Mumbai, it also discussed the draft report on Trend and Progress of Banking in India (2017-18).
The Board placed on record its appreciation of the valuable services rendered by Urjit R. Patel during his tenure as Governor and Deputy Governor of the Bank.
UNI SRJ 1811