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Section 7 RBI Act News

Reserve Bank of India

31 Oct 2018

RBI Governor Urjit Patel may not quit, resignation reports baseless

Sources told Zeebiz that the reports of his resignation are utterly baseless.

Reserve Bank of India

31 Oct 2018

Govt vs RBI: What is Section 7 of the RBI Act?

The alleged rift between the RBI and the government has spilled into the public domain recently.

Reserve Bank of India

31 Oct 2018

Govt-RBI consultations are never made public, says FinMin amid reports of rift

The government statement comes after reports that it has invoked never-before-used powers under Section 7 of the RBI Act.

Reserve Bank of India

31 Oct 2018

RBI Governor Urjit Patel may resign, sparks sell-off in rupee and bonds

The RBI and the finance ministry declined to comment.

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