RBI directors meet on Cooperative Banks

The RBI’s central board of directors met in Mumbai on Thursday review key economic, monetary and financial developments in the country.

Issues, such as crop loans, crop insurance, financial inclusion, cooperative banks and credit-deposit ratio in Maharastra were discussed during that meeting, RBI said.

The meeting was chaired by RBI governor D Subbarao. Deputy Governors K C Chakrabarty and Subir Gokarn were also present at the meeting, the apex bank said in a statement.

Besides, the meeting was also attended by Economic Affairs Secretary R Gopalan and Chief Economic Advisor in the Ministry of Finance Kaushik Basu, among others.

A day before the board meeting, Subbarao had met officials of the Maharashtra state government and bankers at specially convened meeting of the State level bankers

committee (SLBC).

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