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RBI Central Board to further examine Governance norms

AGENCIES
Published Dec 15, 2018, 5:01 am IST
Updated Dec 15, 2018, 5:01 am IST
This is the first board meeting chaired by Das, who took over as the 25th gov Wednesday after the surprise resignation of Urjit Patel on Monday.
Reserve Bank of India
 Reserve Bank of India

Mumbai: The central board meeting of the RBI, the first under Shaktikanta Das, on Friday agreed to discuss the governance framework of RBI further.

The meeting, which lasted for nearly four hours, also reviewed the current economic situation, both global and domestic challenges, matters relating to liquidity and credit delivery, and issues related to currency management and financial literacy.

 

“The board deliberated on the governance framework of the RBI and it was decided that the matter needs further examination,” RBI said in a terse statement after the meeting.

This is the first board meeting chaired by Das, who took over as the 25th governor Wednesday after the surprise resignation of Urjit Patel on Monday. The 18-member board also discussed the draft report on the trends and progress of banking, the RBI said. In the previous meeting, the board had decided to constitute a panel to fix an appropriate level of economic capital framework (ECF) for RBI.    

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