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Indian banks could be recapitalised with govt bonds: RBI board member

S. Gurumurthy has been a vocal member on the RBI board asking for easier lending and capital restrictions for Indian banks

Reuters  |  New Delhi 

Indian banks could be recapitalised with government bonds, said an independent director on the central bank's board on Thursday, at a time when the Reserve Bank of India and the government are at loggerheads on regulatory issues. S. Gurumurthy has been a vocal member on the RBI board asking for easier lending and capital restrictions for Indian banks and more cash for small businesses, a view that is supported by top finance ministry officials and has deepened an ongoing rift between the government and the central bank. One way for the government to increase capital adequacy ...

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First Published: Thu, November 15 2018. 19:36 IST
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