Economics
Indian Central Bank Board to Discuss Surplus Funds Transfer
- RBI board said to take up review of lending for weak banks
- Board to examine stringent capital norms for Indian banks
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Rules pertaining to transfer of Indian central bank’s surplus funds to the government, a key point of conflict between the two, will come up for discussion when the monetary authority’s board meets on Monday, people with knowledge of the matter said.
The agenda for the meeting, the first after differences between Governor Urjit Patel and his political bosses turned into a public spat last month, also lists a review of lending norms for weak state-run banks, the people said, asking not to be identified as they aren’t authorized to speak to the media.