Urjit Patel

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

RBI Governor Urjit Patel, most Monetary Policy members in favour of more data before changing stance

The six-member Monetary Policy Committee (MPC), headed by Patel, had left the benchmark repo rate unchanged for the third time in a row after deliberations on April 4-5.

published on : 19th April 2018

RBI ban on LoUs will disrupt operations, raise costs: India Inc

While the central bank may have banned the system to avoid financial frauds in future, industry bodies say banning LoUs alone will not help curb malpractices.

published on : 15th March 2018

Punjab National Bank fraud: RBI Governor Urjit Patel calls for more powers over state-run banks

Governor Urjit Patel defended the central bank's role in the aftermath of the PNB fraud case and launched an indirect broadside against the government.

published on : 14th March 2018

RBI, Sebi need to be cognizant of market risks: RBI Governor Urjit Patel

The correction in the last few days underscores that market indices can change direction, says RBI Guv Urjit Patel

published on : 11th February 2018

RBI aims to keep retail inflation near 4 per cent on durable basis

The Reserve Bank today said it will try to keep retail inflation close to 4 per cent on a durable basis which may rise in the near term due to pay commission payouts and price adjustments post GST.

published on : 2nd August 2017

Where would Apple, IBM be if not for talent from across globe: RBI governor

Share prices of the most efficient corporations in the world are where they are because of global supply chains, Urjit Patel said.

published on : 25th April 2017

Under enigmatic RBI governor Urjit Patel, Indians failing to read central bank policy

Under governor Urjit Patel, the RBI has significantly reduced communication with markets after he took over in September.

published on : 17th February 2017

RBI governor Urjit Patel says looking beyond muted headline inflation: Report

Patel has faced some criticism from bankers for not adequately guiding the markets on the central bank's thinking.

published on : 17th February 2017

MPC debuts with a bang, slashes repo rate by 0.25%

The repo policy rate is now at its lowest since November 2010.

published on : 4th October 2016

New RBI chief Urjit Patel and monetary panel face close call on rates

Regardless of the outcome, market players will closely scrutinise how the newly-formed MPC votes.

published on : 30th September 2016