New Delhi: The ongoing stand-off between the Centre and the Reserve Bank of India (RBI) could delay a high-profile parliamentary panel’s report on a legislation which provides for a mechanism to ban unregulated deposit schemes, as central bank’s governor Urjit Patel has expressed his inability to present himself before the committee, on November 12.
Sources said that after hearing the views of the RBI governor, the panel intended to give final touches to its report on the Bill as the Winter Session is likely to begin next month.
There are speculations that the central bank’s governor could have excused himself owing to the fact that RBI’s board is scheduled to meet on November 19, and considering the heated exchanges between the two in the last few days, the board meeting’s proceedings would be under intense scrutiny.
The board meeting could witness “heated deliberations” in the light of the stand-off, especially among the board members — mainly between the government-backed nominees and the non-official directors and deputy governors.
Meanwhile, the parliamentary panel has held a series of meetings in the last month on the Bill.
