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In RBI vs government, former finance secretary R Gopalan says issues will be resolved

Updated : October 31, 2018 13:03:34 IST

As the rift between the government and the Reserve Bank of India (RBI) deepened over the handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector, R Gopalan, former finance secretary, said the issues can be resolved and will be resolved.

Gopalan said the government and RBI will talk over this, "I do not think drastic steps would ensue. There will be consultations back and forth and I have a feeling that these issues in some sense will be resolved."

“Obviously, it will not be to the satisfaction of both (the government and RBI), but an equilibrium will be reached on the level of satisfaction in taking a decision in this matter,” he added.
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