Letter to BS: RBI governor is trying to shift blame on FinMin over PNB scam

No one is better equipped than him to throw light on this issue

It refers to “PSBs: Buck passing between RBI and MoF” (March 19). Blame game is the dirtiest game in the world and how convenient it is for the Reserve Bank of India (RBI) Governor, Urjit Patel, to say that the RBI does not have enough power over public sector banks (PSB) and it cannot remove the directors or change the management. 

My view is the RBI Governor is just trying to shift the blame on the finance ministry, which is unfortunate to say the least. For the smooth functioning of the PSBs, both the RBI and the government need to work