Monday, Jan 30 2023 | Time 14:11 Hrs(IST)
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Business Economy


RBI continued to calibrate its policy throughout the COVID pandemic: SBI

Kolkata, May 5 (UNI) State Bank of India (SBI) chairman Dinesh Khara on Wednesday said
the RBI has continued to calibrate its policy throughout the COVID pandemic, and the series
of measures announced today reflects a novel approach.
He said the decision to create a dedicated Rs. 50,000 crore fund for ramping up
COVID-related healthcare infrastructure reflects RBI’s commitment to transcend boundaries
by addressing not only economic health but also public health.
The SBI chairman said the decision to augment the lending firepower of Small Finance
Banks through priority sector tag is a very welcome move.
He said the announcement of a restructuring framework for individuals and SMEs, the
CRR flexibility for lending to SMEs, and the measures to help the State Governments
through WMA relaxation are all aimed to tide over the short-term disruptions to economic
activity.
In all, a very nuanced approach to managing the stress felt in the economy, Mr Khara
added.
UNI BM
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