Rbi Central Board
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Reserve Bank to create specialised cadre for supervision and regulation of banks, NBFCs
•This move assumes significance at a time when non-banking financial companies (NBFCs) are facing severe liquidity crunch in the wake of IL&FS crisis
Govt to continue pressing Reserve Bank of India for relaxing norms, funds to boost lending
•The reports of rift between the central bank and the government surfaced last month following which the finance ministry reportedly started discussion with the RBI under the never-used before Section 7 of the RBI Act.