RBI Guv to talk credit growth, bankers may push for easier rules
Reserve Bank of India (RBI) Governor Sanjay Malhotra will hold his first meeting with chiefs of select banks early next week, having taken over as the regulatory head about a month ago. Malhotra's meeting with the chief executive officers is ahead of his first monetary policy committee review scheduled between February 5 and 7.
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The meeting with the bankers is scheduled January 27, said people aware of the development.
It comes against the backdrop of concerns about a deceleration in growth and volatility in the Indian currency. The meeting also coincides with a banking system liquidity crunch, which has averaged nearly ₹1.75 lakh crore in daily deficit over the past fortnight.
The governor will likely seek feedback from bankers on money market liquidity, credit growth and draft norms issued last calendar year.
Banks will use this opportunity to push for relaxation of some of the draft guidelines, which, if implemented in their current form, could impact their earnings and growth prospectus, a senior bank official said.
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