RBI board reviews current economic situation

New Delhi, Dec 19 (KNN) The Reserve Bank of India's (RBI)  Central Board has reviewed the current economic situation in the backdrop of global and domestic challenges.

"The Central Board met under the chairmanship of Governor Shaktikanta Das through video conferencing. It was the 586th meeting of the Central Board.

"The Board reviewed the current economic situation in the backdrop of global and domestic challenges and various areas of operations of the Reserve Bank including the customer education initiatives and resolution of customer complaints," RBI said in a statement on statement.

The Central Board also discussed the draft report on trend and progress of banking in India, 2019-20.

The Board also noted the change in the Bank’s Financial Year from July-June to April-March and the changes in the unit of presentation from millions / billions to lakhs / crores.

Apart from the deputy governors, directors of the board N Chandrasekaran, Ashok Gulati, Manish Sabharwal, Prasanna Kumar Mohanty, Dilip S Shanghvi, Satish K Marathe, S Gurumurthy and Revathy Iyer attended the meeting.