Government vs RBI: All you need to know about Section 7 of the RBI Act

The government has written to the RBI hinting it may invoke Section 7 of the Reserve Bank of India Act 1934 - a provision that has never been used since the inception of the law

Reserve Bank of India | File Photo

Reserve Bank of India | File Photo

New Delhi
The government has sent letters to the Reserve Bank of India (RBI) seeking consultations on key regulatory issues under a never-before-used provision in the law, according to sources.

The government

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First Published: Oct 31 2018 | 12:21 PM IST

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