Notes Ban Impact Was "Transient", RBI Governor Tells Lawmakers: Sources

The impact of notes ban on the economy was "transient", Urjit Patel told the Standing Committee on Finance. The RBI chief informed the Committee of 31 MPs that  a robust credit growth of 15 per cent has been registered this fiscal year, sources said. Mr Patel did not talk about relaxing of credit norms for any sector. The state of the economy, RBI reforms, resolution of stressed assets of public sector banks, appraisal of implem...