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Ready To Be Lender Of Last Resort, But No Need For It At Present: RBI

Thursday, December 6, 2018, 9:12 AM

Sticking to its view that liquidity is not a major concern, the RBI said adequate measures are being taken and the current situation does not warrant it to be the lender of last resort. "The RBI also stands ready to be the lender of last resort, provided conditions warrant that sort of an extreme measure," RBI Deputy Governor Viral Acharya said.
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RBI deputy governor Viral Acharya in government crosshairs

Wednesday, November 14, 2018, 7:54 AM

The government may train its guns on RBI deputy governor Viral Acharya if the confrontation with the central bank escalates at the RBI board meeting on 19 November, a person familiar with the deliberations within central bank's board said. The government and some independent directors on the RBI board are upset with deputy governor Viral Acharya for his public outburst on protecting RBI autonomy.
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In talks with RBI to fix economic capital framework: Government

Saturday, November 10, 2018, 12:15 PM

The government is in discussion with the Reserve Bank of India (RBI) to "fix appropriate economic capital framework" for the central bank, Department of Economic Affairs Secretary Subhash Chandra Garg said. The Finance Ministry, officials said, is of the view that the existing economic capital framework which governs the RBI's capital requirements and terms for the transfer of its surplus to the government.

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