Government might have agreed to RBI's revised PCA framework, says report
Updated : October 31, 2018 12:11 PM IST
A letter dated March 3, 2017, written by an under-secretary-level official of the Department of Financial Services (DFS) to a chief general manager-level official of the RBI read that the government was in “broad agreement” to the proposed changes to the PCA framework, the report said.
On April 13, 2017, the finance ministry released a revised PCA framework which became one of the main reason for the rift between the central bank and the government recently, the report said.
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