Govt open to give more power to RBI to tackle PNB-type frauds: Piyush Goyal

"If there are any more additional powers required, government is open to that," he said.

Finance Minister Piyush Goyal on Tuesday said the government is open to giving more powers to RBI to deal more effectively with frauds like the ones allegedly committed by diamond jeweller Nirav Modi in PNB.

Goyal's comment comes within days of RBI Governor Urjit Patel reportedly telling a parliamentary standing committee that the central bank lacked enough powers to effectively regulate Public Sector Banks (PSBs).

On RBI's stand, Goyal said however that those were the views of the Governor about powers of regulation and supervision of the central bank.

"We believe that powers are available with the Reserve Bank and that is the