A comprehensive process for collective resolution of such interlinked corporate groups is thus necessary to further improve the efficacy of the Code. Expectations from creditors Deepening of the credit risk market in India is a necessary condition to take the financial system to the next level of sophistication. RBI has been taking many steps towards this in the recent years.
All these came on the back of a whole-of-government approach to pandemic recovery. Complementing the national government’s recovery efforts, the central bank implemented its own COVID-response measures. We ensured adequate liquidity in the financial system and helped bolster domestic economic activity. Through our various response measures, the central bank has injected approximately 41.9 billion US dollars into the financial system.