Parliamentary panel to quiz RBI governor on IPL

The members were not satisfied with the replies given by RBI Deputy Governor Shyamala Gopinath on involvement of banks in the IPL irregularities, especially remittances of foreign exchange, sources said after a meeting of the Parliamentary Standing Committee on Finance. The committee, comprising members of the Lok Sabha and the Rajya Sabha, met under the chairmanship of former finance minister and senior BJP leader Yashwant Sinha. Gopinath was questioned on the role of RBI and commercial banks, regarding transfer of funds to the Board for Control of Cricket in India (BCCI) and IPL franchisees, the owners of the high-profile Twenty-20 cricket teams.