ISAS Briefs

The Reserve Bank of India (RBI) and the Indian government seem to have locked horns again. The differences seem to be getting more strident. The RBI clamping down on lax banks and restraining non-banking financial companies and the government appointing its own preferred persons on the RBI Board as well as attempting to whittle the RBI’s independence have been the instigating factors. This is not new but needs to be curbed quickly by both agencies sitting together with a constructive mindset.