RBI Governor Shaktikanta Das to speak on Wednesday
The Reserve Bank of India Governor, Shaktikanta Das, is to deliver a speech at 10 AM on Wednesday, the central bank said on Twitter.
The Reserve Bank of India Governor, Shaktikanta Das, is to deliver a speech at 10 AM on Wednesday, the central bank said on Twitter.
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"Watch out for the address by RBI Governor," it said, but gave no details. Coronavirus infections surged past 20 million in the world`s second most populous nation on Tuesday.
Bankers have asked the RBI for a moratorium of three months, particularly for retail and small borrowers, who have been the worst hit in the second wave of the pandemic, news channel CNBC-TV18 said, citing unidentified sources.
The announcement of relief needs to be done at the earliest to prevent accumulation of stress, the sources said.
Last year, the central bank declared a moratorium for a total of six months for all borrowers.
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