Urjit Patel

Banks opt for repo rate linkage

The Reserve Bank of India (RBI) pulled off a classic stunt getting banks to link loan and deposit rates to an external benchmark without explicitly saying so. 

published on : 14th August 2019

Former RBI governor D Subbarao says raiding central bank reserves shows governments 'desperation'

Subbarao said he would be 'ok' if a sovereign bond issue in foreign currency is done once just to test the waters, but cautioned against using the instrument regularly.

published on : 2nd August 2019

Urjit Patel warns against PSB loan push to accelerate growth

Patel, known for not mincing his words, said there are no short cuts, and that sweeping the problem under the carpet won’t work.

published on : 5th July 2019

Former RBI governor Urijit Patel admits central bank was slow to take timely measures

Patel said that while banks did indulge in over-lending, the government did not "fully play" its role, and also conceded that the regulator should have acted earlier.

published on : 4th July 2019

With resignation of Viral Acharya, RBI's autonomy takes another hit

The wrath of markets awaits governments that don't respect the institution's independence, outgoing Deputy Governor Viral Acharya warned in October.

published on : 25th June 2019

Report on RBI’s surplus reserves to get delayed once again

According to finance ministry officials, the government sought a large share of the reserves to meet the fiscal deficit target.

published on : 13th June 2019

Easing PCA, SME loan norms on agenda as Arun Jaitley set to meet RBI Board

Relaxation of the prompt corrective measures was one of the reasons behind the ugly fight between the Finance Ministry and the RBI under Urjit Patel.

published on : 18th February 2019

RBI Act provides for interim dividend and government free to use it

A wider fiscal deficit is generally seen as a concern for RBI because of its inflationary impact.

published on : 7th February 2019

Jalan panel holds first meeting to examine reserve size of RBI; report likely in April

The finance ministry was of the view that the buffer of 28 per cent of gross assets maintained by RBI is well above the global norm of around 14 per cent.

published on : 8th January 2019

Urjit Patel spoke of resignation for 6-7 months: PM Modi

Patel resigned in December from his post citing "personal reasons" amidst reports of a rift between the RBI and the government.

published on : 1st January 2019

Biggest bank fraud and RBI Governor's resignation mark a dismal banking year

India continued to be the fastest growing big economy during 2018 with its GDP rising at above 7 per cent, after having slipped to 6.7 per cent in the previous financial year.

published on : 18th December 2018

Resignation by RBI Governor Urjit Patel would send bad signal to global markets: Veerappa Moily

It will also send a bad signal to global markets just as Raghuram Rajan's exit did," the former Union Minister told PTI here.

published on : 19th November 2018

Government, RBI may smoke peace pipe

The assorted technocrats, economists and bureaucrats had fundamental disagreements during a stormy meeting held 27 days ago, which stretched beyond nine hours and ended inconclusively. 

published on : 19th November 2018

Modi government unveils measures to check widening current account deficit, falling rupee

Jaitley said that external factors such as policies adopted by the US, trade war and crude oil prices were impacting economies like India, despite “strong fundamentals”.

published on : 14th September 2018

RBI governor Urjit Patel to appear before Parliamentary panel

Last month, the Parliamentary Standing Committee on Finance met finance ministry officials to respond to queries on recent bank frauds and mounting NPAs.

published on : 17th May 2018
1 2 >