 "rbi, Reserve Bank of India, narendra modi, rbi board, rbi fund transfer, shadow banking, liquidity, modi government, modi rbi, rbi powers, finance ministry, arun jaitley, RBI vs Government, nbfc liquidity, rbi surplus funds, urjit patel, rbi vs govt")
The Indian government has proposed changing rules that will enable closer supervision of the central bank Reserve Bank of India (RBI), people with knowledge of the matter said.
Prime Minister Narendra Modi’s administration has recommended that the board of the Reserve Bank of India draft regulations to enable setting up of panels to oversee functions including financial stability, monetary policy transmission and foreign exchange management, the people said, asking not to be identified as the discussions are private.
The move is meant to empower the regulator’s
