Reserve Bank of India

Bank of last resort

Print edition : September 27, 2019

At the RBI headquarters in Mumbai. Photo: PTI

Finance Minister Nirmala Sitharaman with RBI Governor Shaktikanta Das during a post-Budget RBI board meeting in New Delhi on July 8. Photo: Kamal Narang

Former RBI Governor Urjit Patel, who had serious disagreement with the government on the extent of the government’s “rights” over the RBI’s reserves. Photo: Vivek Bendre

Former RBI Governor Bimal Jalan, who headed a committee that prescribed a new band as the benchmark for the Contigency Fund reserves. Photo: Kamal Narang

The RBI’s transfer of a huge surplus to the Union government does not augur well for it from an institutional standpoint and in the context of management of the economy.
    This article is closed for comments.
    Please Email the Editor