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Here's why the standoff between the govt and RBI could escalate further

Last year, the RBI parted with Rs 100 billion ($1.38 billion) more as an interim dividend

Topics
Finance Ministry  |  Reserve Bank Of India  |  Interim Dividend

Bloomberg 



reserve bank of india, rbi
On April 6, the RBI directed all payments service providers to store their data only in India

India’s government is asking the central bank to hand over a part of its surplus reserves and loosen liquidity norms for lenders -- demands that are likely to escalate a standoff with the monetary authority that’s fiercely protective of its independence.

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First Published: Fri, November 09 2018. 15:46 IST

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