Highlights 1 Urjit Patel met with the PAC in a three-hour long session. RBI Governor Urjit Patel, flanked by his deputies, appeared before the Public Accounts Committee today, and the topic under scanner was the demonetisation fallout. Patel, who has in this week appeared before the parliamentary panel as well, faced questions from the panel headed by Congress MP KV Thomas. Also read: 'Humiliated' RBI employees write to Governor Urjit Patel, say bank's image 'dented beyond repair'WHEN WAS THE DECISION TAKEN? Sources told India Today Urjit Patel clarified that RBI does have legal power to undertake demonetisation.

Source: India Today January 20, 2017 12:50 UTC