The government wants greater involvement in the RBI’s decision-making as it feels the current practice leaves it out on many critical issues such as single-day default turning a loan into an NPA, sources said ahead of the crucial board meeting of the central bank.The Centre feels that as the representative of the people, it should be involved in critical policy decisions made by the Reserve Bank of India (RBI), they added.To buttress its point, the government cites that quorum for some of the sub-committees is completed by the presence of the Governor and four Deputy Governors and not requiring any other directors to be present.
