May 19, 2021 Urges them to focus on resilience of balance sheet The Reserve Bank of India (RBI) on Wednesday asked public sector banks (PSBs) to quickly implement the recently announced Covid-19 related measures in right earnest. The measures included providing fresh lending support to entities in emergency health services, and resolution framework 2.0 for Covid-related stressed assets of individuals, small businesses and MSMEs. In a virtual meeting of PSB chiefs, top brass of RBI, including Governor Shaktikanta Das and four Deputy Governors, issues relating to the current state of the financial sector and credit flows to different sectors, including to small borrowers and MSMEs were also discussed. Further, the meeting took stock of the progress in the implementation of Covid Resolution Framework 1.0 (of August 2020); monetary policy transmission; and implementation of Covid-related policy measures taken by RBI.