After the meeting, FM Jaitley said, "Year after year, our experience of the last 5 years have been that there has been a reasonably high growth as far as revenues are concerned."
Finance Minister Arun Jaitley on Monday addresses RBI Board in a post-budget meeting. The meeting was held to highlight the key points of the interim Budget, including the fiscal consolidation roadmap.
After the meeting, FM Jaitley said, "Year after year, our experience of the last 5 years have been that there has been a reasonably high growth as far as revenues are concerned."
"I think India needs fewer and mega banks which are strong because in every sense from borrowing rates to optimum utilisation the economies of scale as far as the banking sector is concerned are of great help", he further added.
He also said that no decision has been taken on interim dividend and only RBI will decide independently on the same.
RBI Governor Shaktikanta Das said, "The ball lies in the court of the banks to implement&restructure the loans of the eligible MSMEs as per the rules and guidelines given in the MSME package announced on 01 January 2019."
Shaktikanta Das also said he will meet heads of public and private sector banks this week to discuss transmission of interest rate cut to borrowers.
Speaking to reporters after Finance Minister Arun Jaitley addressed the board of the central bank, he said transmission of monetary policy decisions is important.
He said he will meet the CEOs of public and private sector banks on February 21.
Earlier this month, the Reserve Bank cut the benchmark interest rate by 0.25 per cent to 6.25 per cent.
Commenting on mergers in the banking space, Jaitley said India needs fewer and mega banks which are strong.
Meanwhile, the BSE benchmark Sensex Monday fell over 150 points, led by weakness in auto, IT and financial stocks amid heavy selling by foreign institutional investors, as investors turned cautious ahead of RBI's board meet.
The 30-share index, after rising over 100 points, fell 158.94 points, or 0.44 per cent, to 35,650.01. Similarly, the 50-share NSE Nifty fell 44.45 points, or 0.41 per cent, to 10,679.95.
According to traders, investors were cautious ahead of RBI's board meeting.
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 "Finance Minister Arun Jaitley addresses RBI Board in post-Budget meet")
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