A top ally of Indian Prime Minister Narendra Modi, who was key in a campaign to oust a former central bank chief, has come out in support of Governor Urjit Patel in his current dispute with the government.
Subramanian Swamy -- a member of Modi’s ruling party whose criticism of Raghuram Rajan and the absence of any backing from the government contributed to him not seeking a second term as central bank chief in 2016 -- said Patel should remain in his post. That followed a week of drama as the central bank stands its ground in cleaning up a banking system saddled with bad debt, ...
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