Economy almost at the doorstep of revival

22 oct 2020

Economy almost at the doorstep of revival

he Reserve Bank of India governer Shaktikanta Das, said on Wednesday that the economy is towards the side of revival. The banks and non-banking financial companies have raised/are raising capital for credit availability to regenerate the economy. Various policies are put into action for this purpose. This is required in both public and private sectors. Once the pandemic is over, the country has to look for options to rapidly boost the GDP which has seen a sharp fall this year. The RBI requires banks and NBFC's to build capital buffer so that ready credit is available to support growth.