Tuesday, 27 November 2018

RBI Governor Urjit Patel shows up before parliamentary board

New Delhi, Nov 27 RBI Governor Urjit Patel Tuesday showed up before a parliamentary board to brief on demonetisation and NPA situation in the public sector banks, among other issues, sources said.

Patel was before planned to show up before the board on November 12.

Source said issues identified with November 2016 demonetisation of old Rs 500/1000 notes, changes in the RBI, focused on resources in the banking system, and state of the economy, were listed as agenda items of the 31-member Parliamentary Standing Committee on Finance.

The RBI Governor showed up before the board days after the national bank's go head to head with the fund service over issues going from proper size of stores to be kept up by RBI to facilitating of loaning standards for little and medium undertakings.

Former Prime Minister Manmohan Singh is a member from the committee headed by senior Congress leader and former Union Minister M Veerappa Moily.

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