Friday , January 22 2021

The end of the RBI-Center conflict? All eyes on Crucial Meet Today: 10 Points



The end of the RBI-Center conflict? All eyes on Crucial Meet Today: 10 Points

The center is also concerned about bank lending instructions at banks that have massive bad debts.

New Delhi: A crucial meeting of the Reserve Bank of India's board will be held today amid reports that the government has proposed a change in the rules that will allow for stricter oversight of the country's central bank. The move will give a supervisory role to the council, which, critics say, is already filled with government men. While the move is seen as increasing tensions between the center and the bank, sources have said there are efforts to find a compromise and it is unlikely that bank chief Urjit Patel will resign.


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