Uneasy truce: Centre, RBI getting close to ironing out issues

Sources said enough progress had been made to avoid acrimony at a board meeting of the RBI due next Monday. RBI governor Urjit Patel might not quit. One source said the central bank could agree to tweak restrictions on lending to improve credit flows for smaller companies with a borrowing limit of Rs 25 cr. It is unclear how much role PM Modi played in defusing the tension.