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-Indian government strikes peace deal with central bank

Nov 20, 2018 - Global Banking News

Global Banking News - 20 November 2018

The Indian government is believed to have struck a peace deal with the central bank as tensions between them had become a cause of concern for investors.

The two entities were locked in an argument on how surplus funds with the central bank should be used.

After a marathon board meeting that lasted more than nine hours on Monday, the central bank agreed to make concessions on capital adequacy levels for banks. On its part, the government a...