RBI board meet on Dec 14 to focus on liquidity in financial system

The first central board meeting of the Reserve Bank of India (RBI) on Friday with Shaktikanta Das as governor is expected to focus on the liquidity situation in the financial system.

The Centre’s proposal to call for governance reform in the RBI could, however, take a back seat, a source privy to the development said. “The governance issue (in the RBI) no longer holds immediate importance,” the source said.

The board may consider forming a committee to deliberate on the governance structure in RBI. Earlier, the central government nominees on the RBI board — Financial Services Secretary Rajiv Kumar and Economic Affairs