The Reserve Bank of India (RBI) Governor D Subbarao met with Odisha (Orrisa) Chief Minister Naveen Patnaik in Bhubaneswar, on the sidelines of the bank's Central Board meeting on February 16, 2012.
Patnaik stressed on the RBI to ask commercial banks to increase their credit support to the agriculture and allied sector, discussed financing of micro, small and medium enterprises (MSMEs), the loan recovery climate, the Self Help Group and Bank linkage programme, organisational aspects of Rural Self Employment Training Institutes (RSETIs), licensing District Co-operative Banks, financial illiteracy and conselling centres, according to a newspaper report.
RBI directors meet every quarter in a State capital to discuss the central bank's affairs. Details about the outcome of the Central Board meeting were withheld by the RBI, owing to restrictions imposed by the Election Commission of India that is overseeing ongoing assembly polls, alongside State election comissions managing civic body and village level elections, reports Business Standard.
RBI directors Anil Kakodar, MV Rajeev Gowda, YH Malegam, Dipankar Gupta, GM Rao, Ela Bhatt, Indira Rajaraman, and Najeeb Jung were present at the Board meeting.