The government had expected that RBI’s effort to accelerate growth through steps such as lowering of interest rates and other revival measures, but it has not obliged.┬áThe world over, interest rates have often been a bone of contention between governments and central banks. But in this case, the disappointment stretches beyond a single issue. Similarly, the banking regulator is seen to be moving slowly on tackling the mountain of non-performing assets (NPAs). Even banks have been critical of the manner in which the RBI has dealt with their concerns. and some top bankers are learnt to have conveyed their grievance to the finance ministry.

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