← Latest news 
World Bank urges shift of RBI appeals to tribunal under finance ministry relinquishment
Economy
Published on 24 April 2026
A decades old plan returns, but would it work
The World Bank has asked India’s finance ministry to stop hearing appeals against RBI orders and transfer that power to an independent, tribunal-style body. Supporters argue it would improve fairness and transparency, but critics note it revives an idea already pushed a decade ago by the Financial Sector Legislative Reforms Commission—raising questions about design and impact.
- World Bank wants RBI order appeals moved away from finance ministry
- Proposal aims at greater fairness and transparency through independence
- Plan echoes earlier Financial Sector Legislative Reforms Commission recommendation
- Debate centers on how a tribunal would function and oversee appeals
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times