New Delhi Reserve Bank of India Governor Shaktikanta Das met with the heads of rating agencies on Thursday and demanded a comprehensive economic assessment from them. The Central Bank said in a statement that the RBI governor has sought a comprehensive assessment of credit rating agencies on the economic status and their outlook on various industries including the financial sector. Das met the MDs and CEOs of credit rating agencies (CRAs) through a video conferencing.
Deputy Governors and other senior officials of RBI also attended this meeting. During this meeting, several other matters as well as a comprehensive assessment and approach of agencies on the economic status of various sectors including financial sector were also discussed.
Other issues discussed at the meeting included a perspective on the overall financial health of the institutions evaluated by the CRA and the main elements influencing credit ratings in the current context. The RBI has also sought feedback on the rating processes in the meeting and to further strengthen engagement with key stakeholders.
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Various rating agencies have forecast a contraction in the country’s economy in the current financial year due to the Corona virus epidemic and Lockadine. As of Thursday afternoon, a total of 2,87,754 cases of Corona virus infection have been reported in the country. Of these, 1,41,129 people have been cured and corona virus is still active in 1,38,494 people. At the same time, 8,116 people have died tragically in this country so far.
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