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Truce between government, RBI after seniors step in to resolve issues

The Reserve Bank of India and the government are expected to resolve at least two issues at the central bank's board meeting: prompt corrective action (PCA) and a special refinance window for non-bank

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Reserve Bank Of India  |  Narendra Modi  |  Rbi Board

Arup Roychoudhury  |  New Delhi 



Urjit Patel
Urjit Patel, RBI Governor

The Union government and the (RBI) appear to have reached a truce on a number of issues ahead of the much-anticipated meeting of the central bank’s board of directors on Monday. This softening of stand by senior figures on both sides of this prolonged dispute is expected to lead to concrete resolution on at least two issues — prompt corrective action (PCA) and a special refinance window for non-banking financial companies (NBFCs).

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First Published: Sat, November 17 2018. 01:43 IST

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