Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday that the central bank will ensure sufficient liquidity to support the economy. Das said the economy is in a better shape despite the challenges posed by the Russo-Ukraine war. Let us tell you that at this time the economy is facing various challenges, including the rise in the price of crude oil across the world and the rise in the prices of major commodities.
What did RBI say?
In a program organized by the Confederation of Indian Industry (CII), Das said that in March 2020, a capital of Rs 17 lakh crore has been infused into the economy affected by the pandemic. He assured the industry that RBI will continue to ensure that there is enough liquidity in the economy.
He said that with the capital adequacy ratio at 16 per cent and gross NPAs (non-performing assets) ie bad loans at a low of 6.5, the position of banks is better now.
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ready to face any challenge
The RBI governor said, “We are in a satisfactory position to meet any challenge in terms of financing the current account deficit (CAD). The central bank is fully committed to meet any challenge on this front.
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It is important to bring LIC’s IPO at the right time
On the other hand, regarding LIC’s IPO, RBI said that it will be the biggest IPO in Indian history. It is important to bring it at the right time. The IPO of this insurance company has 35% reserve for retail investors and the response from the retail segment is very important. The central bank said that the participation of retail investors in the stock market has increased significantly in the current financial year.