RBI’s excess capital can be used to recapitalise banks: Arvind Subramanian
In the midst of a government-Reserve Bank of India (RBI) tussle over utilisation of capital reserves of the central bank, former Chief Economic Advisor Arvind Subramanian strongly supports the government’s view saying the RBI is holding excess capital between Rs 4.5 trillion and Rs 7 trillion which should be used to recapitalise the banks However, […]