Govt to press RBI again on its proposals, stormy meeting likely on Nov 19

Sources aware of these developments told Business Standard that the RBI Governor's reply received earlier showed that the central bank did not see eye to eye on most of these proposals

The forthcoming meeting of the central board of the Reserve Bank of India (RBI), scheduled for November 19, is likely to be no less stormy than the one that was held in Mumbai on October 23, which was soon followed by a series of developments that brought to the fore differences between the central bank and the Union finance ministry. 

Government nominees on the board of the RBI will be making a presentation on why the central bank should consider accepting all the suggestions made by the finance ministry in its communication to RBI Governor Urjit Patel on October 10.