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RBI board meet ends: Panel to examine central bank's cash reserves, PCA rules under review

Updated : November 20, 2018 10:16 AM IST

With regard to banks under Prompt Corrective Action (PCA), it was decided that the matter will be examined by the Board for Financial Supervision (BFS) of RBI, the bank said.
The meeting has been called amid the growing tensions between the centre and the RBI after the finance ministry recently sought discussions under the never-used-before Section 7 of the RBI Act which empowers the government to issue directions to the RBI governor.
RBI board meet ends: Panel to examine central bank's cash reserves, PCA rules under review

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