The Reserve Bank yesterday said that the recently announced monetary, regulatory and fiscal policy measures will help the country’s economic recovery in the wake of the COVID-19 second wave.
As per the 23rd issue of the Financial Stability Report, released by the RBI yesterday, sustained policy support, benign financial conditions and the gathering momentum of vaccination are nurturing an uneven global recovery. It added that policy support has helped in shoring up financial positions of banks.
The RBI said banks will have to reinforce their capital and liquidity positions to fortify themselves against potential balance sheet stress as they respond to credit demand in a recovering economy.
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