Arun Jaitley hits back at RBI, says it allowed lending excesses
On Friday, RBI Deputy Governor Viral Acharya warned that undermining a central bank's independence could be 'potentially catastrophic'
New Delhi/Mumbai: Finance Minister Arun Jaitley blamed the Reserve Bank of India (RBI) on Tuesday for failing to stop a lending spree between 2008-2014 that left banks with huge bad debts, inflaming a row that recently erupted between the government and the central bank.
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