Parliament panel to grill RBI governor Urjit Patel over note ban today

Standing committee on finance to also focus on RBI autonomy and citizen's rights

Reserve Bank of India (RBI) Governor Urjit Patel (pictured) will face questions on demonetisation and its aftermath when he appears before the Parliament’s standing committee on finance on Wednesday.

Opposition party members on the panel, said sources, were not satisfied with the documents RBI and the finance ministry had given the committee, in support of Prime Minister Narendra Modi’s November 8 announcement banning Rs 500 and Rs 1,000 currency notes.

A major concern of these members was whether RBI’s autonomy was compromised by the note ban decision. Another issue would be if the decision violated citizens’ rights over their legal