<p>Former Prime Minister H D Deve Gowda on Saturday accused the Narendra Modi-led government at the Centre of 'destabilising' the Reserve Bank, by 'attacking' its autonomy and 'loosening' its system.</p>.<p>The JD(S) chief's comments in the backdrop of the Yes Bank crisis.</p>.<p>"Vajpayee was Prime Minister for six years, Manmohan Singh for ten years, this is the sixth year for Modi. During his (Modi's) period Reserve Bank has become like a department of Finance Ministry. It had statutory provisions, autonomy (in the past)..." Gowda said.</p>.<p>Speaking to reporters in Hubballi, he said, "Under Modis leadership RBI was destabilised, its autonomy was attacked.</p>.<p>"Impartial and honest advice of financial advisers were neglected from being implemented. Reserve Bank is the controlling authority to all the banks and the system there was loosened," he added.</p>.<p>Cash-starved Yes Bank was placed under a moratorium, with RBI capping deposit withdrawals at the bank at Rs 50,000 per account for a month and superseding its board. </p>
<p>Former Prime Minister H D Deve Gowda on Saturday accused the Narendra Modi-led government at the Centre of 'destabilising' the Reserve Bank, by 'attacking' its autonomy and 'loosening' its system.</p>.<p>The JD(S) chief's comments in the backdrop of the Yes Bank crisis.</p>.<p>"Vajpayee was Prime Minister for six years, Manmohan Singh for ten years, this is the sixth year for Modi. During his (Modi's) period Reserve Bank has become like a department of Finance Ministry. It had statutory provisions, autonomy (in the past)..." Gowda said.</p>.<p>Speaking to reporters in Hubballi, he said, "Under Modis leadership RBI was destabilised, its autonomy was attacked.</p>.<p>"Impartial and honest advice of financial advisers were neglected from being implemented. Reserve Bank is the controlling authority to all the banks and the system there was loosened," he added.</p>.<p>Cash-starved Yes Bank was placed under a moratorium, with RBI capping deposit withdrawals at the bank at Rs 50,000 per account for a month and superseding its board. </p>