Did RBI Gov., Urjit Patel meet, Modi?
Reserve Bank of India (RBI) Governor, Urjit Patel has met Prime Minister (PM) Narendra Modi on November 9th, to discuss possible solutions to contentious issues that have caused a rift and spilled over. The rift is over issues like quantum of reserves to be held by the Central Bank, Non-Performing Assets (NPA) norms, insolvency proceedings against power companies and interest rates. All these have triggered a heated discussion about RBI's autonomy and powers. Patel has also met Union minister, Arun Jaitley as well, it is said.
Tue, Nov 13, 2018, 10:40 AM
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