Centre invokes never-before-used powers to direct RBI governor Urjit Patel: Report
Separate letters have been sent to the Reserve Bank of India (RBI) governor in recent weeks, exercising powers under the section on issues ranging from liquidity for non-banking financial companies, capital requirement for weak banks and lending to small and medium enterprises, the report said.
The RBI was not immediately available for comment. The finance ministry could not be immediately reached for comment. Image source: Reuters