Rbi Capital Reserves

Bimal Jalan to head panel to decide on RBI cash reserves: Former central bank governor enjoys govt support, but committee to have final say

Jalan will lead a six-member committee which will review the status, need and justification of various provisions, reserves and buffers presently provided for by the RBI

Arun Jaitley says govt did not ask for Urjit Patel's resignation; 'do not need a single penny from RBI's capital reserves'

Arun Jaitley said the government never sought the resignation of Urjit Patel as Governor of the Reserve Bank of India over differences in handling liquidity stress in certain sectors.

Arun Jaitley admits to issues with RBI on credit flow, liquidity as govt under fire for Urjit Patel's sudden exit

Though Jaitley did not explicitly mention it, the discussions he was alluding to were under Section 7 of the RBI Act, through which the government of the day can force down certain policies for the central bank to implement, citing national interest

RBI governor Urjit Patel quits after weeks-long tussle with Narendra Modi-govt: A timeline of events

The Reserve Bank of India (RBI) Governor Urjit Patel abruptly resigned on Monday, citing personal reasons, after a prolonged public spat between the institution and Prime Minister Narendra Modi’s government.