(Pooja Pal; Intern Journalist): According to sources, the business meeting has been delayed and the new date will be clued-up shortly. The meeting, which was to take place via video-conferencing, was to confer a choice of issues, as well as faith offtake, a measurement of labors to prop up the financial system collide with by the COVID-19 crisis.

The re-evaluation business meeting of Finance Minister Nirmala Sitharaman with CEOs of public sector banks (PSBs) scheduled for Monday has been postponed.

According to sources, the seminar has been overdue and the new rendezvous will be conversant shortly.

The meeting, to be seized through video-conferencing, was to chat about a choice of issues, plus belief offtake, as parcel of hard work to piling up the financial prudence sensation by the COVID-19 crisis.

The agenda furthermore incorporated a charming collection of relevance tempo transmission to borrowers by banks and evolve on a freeze on finance repayments.

The RBI had on March 27 slashed the standard fascinate speed by a colossal 75 source points and plus announced a three-month halt to be particular by banks to grant relief to borrowers whose earnings have been hurt owed to the lockdown.

Formerly this month, RBI controller Shaktikanta Das in custody a conference with heads of in cooperation broadcast and classified sector banks to deem livestock of the cost-effective position and examine the implementation of a variety of dealings announced by the mid bank.

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