Key RBI departments go slow on sensitive issues ahead of Nov 19 board meet

Senior officials hold back on opinion to industry

Ahead of the crucial board meeting on November 19, key departments of the Reserve Bank of India have gone slow on taking a view on sensitive issues. While routine matters are being attended to, senior bankers say views sought by them from the RBI on contentious regulatory aspects are being deferred.

Top sources say officials above the rank of chief general manager in the highly sensitive Department of Banking Regulation, Department of Banking Supervision, Department of Non-Banking Regulation, Financial Markets Operation Department, Financial Markets Regulation Department, and the Inspection Department appear to have gone into a huddle. The overall thinking