Reserve Bank of India Governor Shaktikanta Das said on Wednesday that the government will have to spell out a fiscal roadmap for the country after the COVID-19 pandemic, news agency Press Trust of India reported. Mr Das said that the current fiscal and monetary policies are in accommodative stance, while the central bank is in an expansion mode.
On stress in the banking and NBFC sector, Mr Das said that capital buffers for banks and non-banking finance companies (NBFCs) are needed to deal with the stress caused due to the coronavirus pandemic.