Amid growing tensions with the central bank, the finance ministry had earlier sought discussions under the never-used-before Section 7 of the RBI Act which empowers the government to issue directions to the RBI governor.
In apparent reference to the recent spat between the government and the Reserve Bank, Vice President M Venkaiah Naidu Tuesday said there should be a regular dialogue between the two in the boardroom to arrive at solutions to address problems affecting economy.
Referring to the issue of liquidity crunch, Naidu said the problem was because few "black sheep" who have taken the system for ride, are affecting the entire industry.
"All of us have to introspect. Politicians... and the industry. A few people.. have taken the system for a ride and banks lent money left and right...