RBI shouldn't micromanage, says Jalan

.....At the convention, though unwilling to comment about Reserve Bank of India (RBIs) recent diktat on zero percent EMI schemes former RBI governor Bimal Jalan told CNBC-TV18's managing editor Shereen Bhan that the central bank should not undertake micro-management of the policy. “Reserve Bank or the central bank of India should not be in the business of micro-managing,” said Bimal Jalan, former governor, RBI..................

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