The Reserve Bank of India (RBI) Central Board met today in Chandigarh under the Chairmanship of Shri Shaktikanta Das, Governor. This was the 579th meeting of the Central Board.
It reviewed the current economic situation, global and domestic challenges and various areas of operation of the Reserve Bank. In this context, the Board also discussed in detail the current state of the financial sector with special focus on the regulatory and supervisory architecture of commercial and co-operative banks as also NBFCs.
The Board discussed the role of Payment Banks and Small Finance Banks in enhancing financial inclusion, annual activity reports of Local Boards, the various sub-committees of the Board and functioning of a few Central Office departments. The Board was also informed about the formation of the Strategy Sub-Committee of the Central Board of Directors.
Deputy Governors Shri N. S. Vishwanathan, Shri B. P. Kanungo and Shri Mahesh Kumar Jain and other Directors of the Central Board– Shri N. Chandrasekaran, Shri Bharat Doshi, Shri Sudhir Mankad, Shri Manish Sabharwal, Dr. Ashok Gulati, Dr. Prasanna Kumar Mohanty, Shri Dilip S. Shanghvi, Shri Satish Marathe, Shri Swaminathan Gurumurthy, Ms. Revathy Iyer and Prof. Sachin Chaturvedi, attended the meeting. The Government Directors Shri Rajiv Kumar, Finance Secretary and Secretary, Department of Financial Services and Shri Atanu Chakraborty, Secretary, Department of Economic Afffairs also attended the meeting.