Govt vs RBI: IMF says monitoring situation

There were reports of mounting tension between the ministry of finance and the RBI over the autonomy of monetary policy makers after finance minister Arun Jaitley on Tuesday criticised the central bank for failing to check indiscriminate lending during 2008 and 2014 that has led to the present bad loan crisis in the banking industry.

from Times of India https://ift.tt/2CW38ba