Under Fire for Rising NPAs and Frauds, RBI Governor Seeks More Powers to Regulate Public Sector Banks

As per sources, Patel also informed the Standing Committee on Finance that RBI is in communication with the government for discontinuing the practice of appointing RBI nominees on boards of PSBs to avoid to any conflict of interest between the regulator and regulated entities.

from Top Business News- News18.com https://ift.tt/2t1IrEb