Shaktikanta Das said companies in the crisis-hit non-banking finance companies need to develop on ‘prudent lines’ and focus on asset liability management
Governor Shaktikanta Das Thursday called for more cooperation between the government and the Reserve Bank to help boost the sagging growth engine and to ensure systemic stability.
A dip in consumption and private investment has exerted pressure on the fiscal math, the govenor said in his foreword to the bi-annual Financial Stability Report released this evening.
Concerted efforts are required to revive private investment and the government needs to continue with economic reforms, Das said.
On the positive side, Das, who has delivered three consecutive rate cuts of 0.75 per cent this year bringing down the key repo rate to a nine-year low of 5.75 percent, said the lower inflation and the moderate outlook on the same can help alleviate the constraints to the fiscal numbers.
Source: Business Standard
