Page 6 - Rbi Vs Government

Centre not seeking Rs 3.6 trillion from RBI: DEA Secretary Subhash Garg

Only proposal under discussion is to fix appropriate economic capital framework of RBI

RBI should cut buffer capital, free up cash for dividend hike: Top official

The RBI calculates its capital needs based on 'stressed value-at-risk' valuations, while the government wants the central bank to use the 'value-at-risk' figure

Govt wants Rs 1 trn from RBI to hike spending before 2019 poll: Chidambaram

Modi govt planning to issue a direction under Section 7 of the RBI Act directing the apex bank to transfer Rs 1 trn to its account, claims P Chidambaram

Govt-RBI tiff has ended badly for 4 governors so far. Will Patel be 5th?

When the British set up the RBI, they said, as part of their divide-and-rule policy, that half the board members would be appointed by the government

Govt vs RBI: Patel may resign at next board meeting on Nov 19, says report

People in the know say that he too may take a call on whether or not to continue, if Patel chooses to quit

RBI vs Govt: Will Centre turn up heat on Urjit Patel in Nov 19 meeting?

If Patel departs it is likely to roil financial markets-traders

Nov 19 meet: Govt may have its way, but relations with RBI to stay strained

Given the way the govt-RBI relationship has developed lately, nobody can be certain there will be no new twists or turns before the all-important meeting

Whose vote will tilt the scales at the next RBI meeting on Nov 19?

Two government officials and four deputy governors won't vote at the crucial meeting

On face-off between RBI and govt, Raghuram Rajan backs central bank's cause

Former Reserve Bank of India Governor Raghuram Rajan says nation stands to benefit from an independent and robust RBI.

RBI vs govt: How Nehru's letter can be Modi's weapon to tackle Rahul, Oppn

Back then PM Jawaharlal Nehru, backed FM T T Krishnamachari and made it clear that RBI was part of "the various activities of the government

As govt, RBI spar, IMF wades into row backing independence of central banks

Sources privy to development said the government had sent at least three letters on different issues under Section 7 of the RBI Act

On Twitter, top govt official hits back at Acharya's 'market wrath' speech

In a rare public criticism by a leader of the central bank, RBI Deputy Governor Viral Acharya had on October 26 attacked the government's dealing with the RBI

RBI governor Urjit Patel should be persuaded to stay: Subramanian Swamy

Swamy said if Patel resigned then it would be a 'direct consequence' of Finance Minister Arun Jaitley's comments effectively blaming the central bank for bad loans

Viral Acharya: The elusive outlier in the middle of the govt-RBI spat

Acharya has been a strong proponent of cleaning up bad debt on banks' books and is an active supporter of the PCA framework for weaker public sector banks

Banking crisis: RBI Central Board reasserts itself after decades

The first RBI governor to revive the importance of the role of the Central Board of Directors was Raghuram Rajan

Behind govt-RBI rift: DEA's insistence on Rs 3.6-trillion excess capital

The buzz in bureaucratic circles is that whether through written communication or informal channels, instead of negotiating on contentious issues, the North Block tried to force its writ upon the RBI

Govt interfering with RBI, pushing it to lend more to corporates: Yechury

Accusing the NDA government of interfering in the functioning of the Reserve Bank of India(RBI), CPI(M) general secretary Sitaram Yechury Thursday alleged it was pushing the central bank to lend more to rich corporates. Alleging that the government has already written off over Rs 3 lakh crore to rich defaulters and was now "bullying" the RBI for more, Yechury said the move is against public interest and was only helping rich and "cronies". "Pushing the RBI to enable more lending to rich corporates: the Modi govt has already written off over Rs 3 lakh crore to rich defaulters - now, bullies RBI for more. This is against 'public interest' - it is only about helping rich friends & cronies who are not returning public money," he tweeted. The finance ministry and the RBI are at loggerheads over invocation of the Section 7 of the RBI Act. The section empowers the government to issue directions to the central bank, after consultation with the RBI governor, on issues that it considers ...

RBI vs govt: No Governor since 1935 seems to have understood 'independence'

It might be a good idea to remind the Governors of Montagu Norman's view that the relationship between the government and the central bank should be that of a 'Hindoo marriage'

RBI-govt spat latest flashpoint as 2019 elections near, easy money era ends

Italy, India have the worst bad loan ratios among the top 10 economies

Liquidity crisis: Centre, RBI see eye to eye in 'public interest'

Patel calls board meeting on Nov 19; govt lays stress on central bank autonomy