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Govt to again press for its demands at next meeting of RBI board: Report

The government and most board members feel the RBI should be "more transparent and accountable" for its decisions.

Suvashree Choudhury & Manoj Kumar | Reuters  |  Mumbai/ New Delhi 

For all the cordiality on show at the end of Reserve Bank of India’s last board meeting, tensions could re-surface when it next gathers on December 14 as the government aims to ramp up pressure for changes in the way the central bank operates. A majority of the 18-member board, now stacked with government nominees, intends to press for reduced curbs on lending and governance changes that would give the board more say, according to three sources with direct knowledge of what was said when the board last met on Nov. 19. Like the government, most board members feel that RBI ...

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First Published: Wed, November 28 2018. 15:36 IST