Acharya, who demitted the RBI post on July 23, six months ahead of the end of his three-year tenure, said the ability and willingness of NBFCs to borrow long-term comes down when government borrowing increases.
On the resignation of RBI Deputy Governor Acharya six months before his term was to end, Surjewala said he had added his name to the long list of experts who attempted to show the “mirror of truth” to the BJP regime.
In the meantime, the RBI has set up an Implementation Task Force that is putting the systems infrastructure in place to kick-start the PCR with data from regulated entities that can be covered either under, or with minor tweaking, of the extant legislative framework.
Government appointed Viral Acharya as the deputy governor of the Reserve Bank of India. He will be joining the ranks of Vishwanathan, S S Mundra, R Gandhi as one of four deputy governors serving under RBI Governor Urjit Patel. Like former RBI governor Raghuram Rajan, Acharya comes from an academic background. Before his appointment to […]