RBI will not allow 'loose money' situation: Shaktikanta Das

Shaktikanta Das. Photograph:( Zee News Network )

Reuters New Delhi, Delhi, India Jan 07, 2019, 01.57 PM (IST)

The Reserve Bank of India (RBI) will not like the banking system to be in a situation of "loose money", Governor Shaktikanta Das said on Monday after a meeting with representatives of small- and medium-sized businesses.

The RBI is also looking at new governance reforms for state-owned banks but will not "throttle" their functioning, Das told reporters.

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The RBI is also looking at new governance reforms for state-owned banks but will not "throttle" their functioning, Das told reporters.