Rift in open, RBI says no cash crunch in non-banking financial firms

Amid a war of words, the RBI has told the govt that its fears of a fund crunch in the non-banking financial companies were not true and there was some growth in the sector. The assurance from the RBI comes after Finance Minister Arun Jaitley accused the central bank of not keeping a check on bad loans. RBI Deputy Governor Viral Acharya had raised concerns about the alleged erosion of the central bank's independence....////