RBI governor meets more PSB heads

Mumbai: Reserve Bank governor Shaktikanta Das Wednesday met more state-run bankers to discuss the issues related to relaxing the prompt corrective action (PCA) framework, liquidity and credit flows to MSMEs, bankers said.
This is the second meeting between public sector lenders and RBI since Das took charge last Tuesday, following the sudden resignation of Urjit Patel due to deep differences with the government on a host of issues, including calls for relaxing the PCA for some banks, autonomy and operational independence as well as parting at least one-third of its reserve capital to government among others.
The lenders who attended the meeting included Bank of Baroda, Bank of Maharashtra, Allahabad Bank, Indian Overseas Bank, Indian Bank, Syndicate Bank, United Bank of India and Uco Bank among others. “It was a general feedback meeting. (PTI)