When RBI and FinMin are out of sync

PUBLISHED ON: September 1, 2008 | Duration: 2 min, 48 sec

   
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Outgoing RBI Governor YV Reddy's regime was not without controversy and certainly not without conflict. His relationship with north block has been cold at best and often it was the banking sector that got caught in the middle. In mid 2007, ICICI Bank and SBI floated a proposal to establish a holding company for its non banking businesses to raise capital and unlock value.
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