 "Arun Jaitley, Urjit Patel")
Reserve Bank of India (RBI) Governor Urjit Patel on Saturday supported Union Finance Minister Arun Jaitley and said the ballooning non-performing assets (NPAs) of public sector banks was a legacy issue being recognised and reported in recent times.
The board of the central bank met in New Delhi on Saturday. After the meeting Patel addressed a new meeting and exhorted banks to cut lending rates.
On demonetisation, he said the amount of old notes returned to the banks would be revealed only after RBI was absolutely sure of the calculations. Prime Minister Narendra Modi had on November 8
The board of the central bank met in New Delhi on Saturday. After the meeting Patel addressed a new meeting and exhorted banks to cut lending rates.
On demonetisation, he said the amount of old notes returned to the banks would be revealed only after RBI was absolutely sure of the calculations. Prime Minister Narendra Modi had on November 8
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