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RBI will not allow 'loose money' situation: Governor Shaktikanta Das

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - The Reserve Bank of India (RBI) will not like the banking system to be in a situation of "loose money", Governor Shaktikanta Das said on Monday after a meeting with representatives of small- and medium-sized businesses.The RBI is also looking at new governance reforms for state-owned banks but will not "throttle" their functioning, Das told reporters. (Reporting by Aftab Ahmed and Manoj Kumar; Editing by Krishna N. Das)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, January 07 2019. 13:38 IST
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