India open to considering RBI's demand for wider powers to regulate lender: Finance Minister

India's central government is open to considering the Reserve Bank of India's demand for wider powers to regulate lenders, Finance Minister Piyush Goyal saidon Tuesday.

Reserve Bank of India chief Urijit Patel said in March that the regulator had "very limited authority" over state-run banks and had called for reforms to give the central bank more powers to police such lenders in the wake of a $2 billion fraud.

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