Reserve Bank of India (RBI) Governor Shaktikanta Das today held a press conference. He addressed the media Yes Bank Crisis and said that the action for its relief was quick and timely.
In a release dated March 16, the RBI has also advised all banks in the country to devise a strategy and a mechanism to monitor the spread of the coronavirus within their respective organisations.
The RBI also said that there is a need for all banks to ensure timely intervention in order to prevent the spread of the infection in the event that a positive case (infected employee) is detected.
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