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Friday, November 2, 2018

'RBI's refusal to engage forced govt to mull extreme legal step'

The Modi government was driven to consider the extreme step of invoking the never-before-used Section 7 of the RBI Act by central bank governor Urjit Patel's reluctance to engage with stakeholders, according to highly-placed sources. "He was scarce and unavailable to bankers, industry and market players even on matters of pressing concern," a highly placed source said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CWbdwA

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