In Middle Of RBI's Spat With Government, Arun Jaitley's Big Reprimand

INSUBCONTINENT EXCLUSIVE:
Finance minister Arun Jaitley criticised the Reserve Bank of India (RBI) for failing to prevent lending excess in a speech on Tuesday."The
central bank looked the other way when banks gave loans indiscriminately during 2008 to 2014," Jaitley said while speaking at an event in
New Delhi.Tensions between the finance ministry and the RBI have risen since the bank's deputy governor said in a speech on Friday that
undermining a central bank's independence could be "potentially catastrophic", in an indication that it is pushing back hard against