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Government open to consider RBI demand for more powers, says finance minister

Updated : June 19, 2018 07:59 PM IST

Last week, RBI Governor Urjit Patel told a parliamentary committee that the bank needed more regulatory powers, referring to the current dual control of the RBI and government over state banks.
Goyal said the federal government was committed to providing all support to state banks and strengthen their lending operations, after several lenders reported a jump in net losses last month.
Government open to consider RBI demand for more powers, says finance minister
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