Motilal Oswal
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Motilal Oswal
Nov 09, 2018 07:37 PM IST | Business

RBI Act restricts board's role in substantive issues, says its former board member YH Malegam

The question that now arises is what are the powers of the board, vis-a-vis the governor, deputy governors and the technocrats at RBI.
Y H Malegam says this phrase in Section 7(3) should be interpreted to mean that the business of the bank shall be run by the governor, except in areas where the board has made regulations. 
Published Date: Nov 8th, 2018 10:50 PM | Updated Date: Nov 09, 2018 07:37 PM IST

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