Monday, March 17, 2025 | 02:08 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Truce between government, RBI after seniors step in to resolve issues

The Reserve Bank of India and the government are expected to resolve at least two issues at the central bank's board meeting: prompt corrective action (PCA) and a special refinance window for non-bank

Softening stand? RBI, govt reach truce ahead of Monday's board meeting
Premium

Arup Roychoudhury New Delhi

The Union government and the Reserve Bank of India (RBI) appear to have reached a truce on a number of issues ahead of the much-anticipated meeting of the central bank’s board of directors on Monday. This softening of stand by senior figures on both sides of this prolonged dispute is expected to lead to concrete resolution on at least two issues — prompt corrective action (PCA) and a special refinance window for non-banking financial companies (NBFCs).

On Friday evening, there were reports that the Centre was proposing changing rules that would enable closer supervision of the central bank. It

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in