-Indian government strikes peace deal with central bank
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...