Board agrees to further examine RBI governance framework

TIL Desk/Business/New Delhi/ The crucial central board meeting of the Reserve Bank, the first under the new governor Shaktikanta Das, Friday agreed to discuss the governance framework of the central bank 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 Monday. The 18-member board also discussed the draft report on the trends and progress of banking (2017-18), the RBI said.