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Governor Urjit Patel says RBI has 'limited authority' over state-run banks

Reuters  |  MUMBAI 

(Reuters) - The of India (RBI) chief said on Wednesday the regulator had "very limited authority" to hold accountable and called for a leveling of the playing field between public sector and

In a speech at in Gujarat, RBI said "Market discipline mechanism for public sector banks is appreciably weaker compared to that at private banks."

(Reporting by Abhirup Roy; Editing by Euan Rocha)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 18:07 IST