Earlier this month, the governor had announced a slew of measures, including a term liquidity facility of Rs 50,000 crore to ease access to emergency health services, to further improve lending to MSME sector, restructuring of loans, and rationalisation of compliance to KYC, in wake of the second wave of the Covid-19 pandemic. Other matters that came up for discussion during the meeting, included the current state of the financial sector; credit flows to different sectors including to small borrowers, MSMEs; and progress in the implementation of Covid Resolution Framework.