RBI Governor Shaktikant Das said, that Indian economy is returning to normalcy after the ease in lockdown in the country. He was addressing the 7th SBI Banking and Economics Conclave today. He said that Covid 19 was the worst health and economic crisis in the last 100 years with unprecedented negative consequences for output, jobs & well-being. But after the ease in lockdown there are signs of improvement in the economy, he said.
Mr. Das added that Multi-pronged approach of the apex bank has provided a cushion from the immediate impact of the pandemic on the banks. He also cautioned that the medium-term outlook is uncertain and depends on the Covid-19 curve.