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Economy

Govt upset with RBI for not discussing PCA, NPA norms before finalizing: report

Updated : October 30, 2018 09:52 AM IST

The government wants the PCA norms to be in sync with the globally accepted Basel regulations, however, the RBI feels imposing the PCA helped in “stabilising the banks at risk,” the report added.
On Friday , the RBI Deputy Governor Viral Acharya warned that undermining a central bank's independence could be "potentially catastrophic", in an indication that it is pushing back hard against government pressure to relax its policies and reduce its powers.
Govt upset with RBI for not discussing PCA, NPA norms before finalizing: report
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