In apparent reference to the recent spat between the government and the Reserve Bank, Vice President M Venkaiah Naidu Tuesday said there should be a regular dialogue between the two in the boardroom to arrive at solutions to address problems affecting economy. Referring to the issue of liquidity crunch, Naidu said the problem was because few "black sheep" who have taken the system for ride, affecting the entire industry.

"All of us have to introspect. Politicians... and the industry. A few people.. have taken the system for a ride and banks lent money left and right... "RBI was not doing things at that time and now they have tightened everything, so there are there are problems...," he said. Naidu said these problems have to analysed and understood. The Reserve Bank of India (RBI) and the government of India must have a regular continuous dialogue.