Mon, Nov 04, 2024
The Finance Ministry has invited applications for the post of RBI Deputy Governor in the place of Michael Debabrata Patra, whose extended term is coming to an end on January 14, 2025.
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Tue, Oct 15, 2024
The retail inflation is projected to average 4.5 per cent in 2024-25 and align with the target on a durable basis by 2025-26, RBI deputy governor Michael Debabrata Patra has said at a conference here.
Sat, Jul 13, 2024
Illustratively, India's gross external debt, which is the accumulation of current account deficits over time, is less than 20 per cent of GDP and almost entirely covered by the level of foreign exchange reserves, Patra explained.
Thu, May 16, 2024
In a conference organised in Mumbai for the Heads of Assurance Functions (i.e., Chief Compliance Officers, Chief Risk Officers, and Heads of Internal Audit) of select Urban Co-operative Banks (UCBs), Rao said, "Chief Risk Officers must assist the management in monitoring and containing risks in banks’ balance sheets."
Sat, Sep 30, 2023
The RBI's Standing Advisory Committee (SAC) reviewed the flow of credit to Micro, Small and Medium Enterprises on Friday at its meeting held in Lucknow, a central bank said in a release.
Sat, Oct 22, 2022
The genesis of financial sector reforms in India could be attributed to the recommendations of the Committee on the Financial System chaired by M Narasimham in 1991.
Fri, Oct 14, 2022
The central bank has increased the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.90 per cent with immediate effect, during the last policy meet.
Sat, Aug 13, 2022
India has a window of opportunity in terms of its demographic advantage, capability to boost manufacturing, increase in exports value as well as internalisation, Patra said while delivering a speech to celebrate 'Azadi Ka Amrit Mohotsav' organised by the Reserve Bank of India, Bhubaneswar.
Fri, Jun 24, 2022
RBI Deputy Governor Michael Patra on Friday said that India is suffering from a low labor participation rate. He said that the depreciation of rupees is the lowest in the world. RBI stands for the stability of the rupee and is defending the rupee against volatility. Zee Business Tarun Sharma's report.
Thu, Jun 09, 2022
Chief Economic Adviser V Anantha Nageswaran said on Thursday that cryptocurrencies have yet to pass the test to become fiat currency.
Fri, Dec 24, 2021
Financial inclusion appears to have gone up, with the level of the RBI's financial inclusion index rising from 49.9 in March 2019 to 53.1 in March 2020 and further to 53.9 in March 2021, Patra said at an event organized at Indian Institute of Management (IIM), Ahmedabad.
Fri, Oct 08, 2021
RBI Deputy Governor M Rajeshwar Rao on Friday said the central bank is examining whether deposit acceptance by Google and Amazon is within the prescribed laws and regulations, at a time when concerns about big tech firms' play in the financial space are at a heightened level.
Thu, Aug 20, 2020
A search panel headed by the cabinet secretary is scheduled to interview shortlisted candidates on Friday for the post of RBI deputy governor.
Fri, Nov 17, 2017
The Deputy Governor said: "The dominance of the supply side factor has also been borne out by the fact that the credit growth of private sector banks remains robust, whereas there has been a sharp deceleration in the credit growth of PSBs"
Tue, Aug 01, 2017
Deputy governor Viral Acharya will be handling the central security cell, the Rajbhasha department and the human resources function, RBI said.
Thu, May 25, 2017
The Reserve Bank of India has started hiring for the post of deputy governor and the central bank has released a public notice stating the qualifications of the applicants.
Fri, Jan 20, 2017
Acharya will look after portfolios like monetary policy and research clusters. He will also take a seat in the six member monetary policy committee (MPC).
Wed, Dec 28, 2016
Viral Acharya, professor at New York University (NYU) Stern has been appointed as deputy governor of Reserve Bank of India (RBI). The 42 year old professor joined NYU Stern in 2008 and is a Ph.D in Finance from NYU Stern itself in 2001.
Filling the Deputy Governor spot in the Reserve Bank of India (RBI), the government on Wednesday picked Viral Acharya, professor of economics at New York University Stern School of Business (NYU Stern).
Wed, Dec 07, 2016
Gandhi said, "The motivations for the demonetisation decision are to deal with the problem of high quality counterfeit notes in these denominations and unearth black money that may be held in cash."
Tue, Nov 15, 2016
Reserve Bank deputy governor N S Vishwanathan today said the deadline for banks to clean up their balance sheet 'stands' at March 2017, even as its governor Urjit Patel hinting at pragmatic approach in dealing with NPAs.
Thu, Aug 18, 2016
Speaking on the topic of "New Horizons in Indian Banking" R Gandhi, Deputy Governor at the FIBAC 2016 he discussed the 'New paradigm in Banking: Banking is Necessary, Not Banks'.
Mon, Jun 13, 2016
Asserting there is no room for promoters to experiment with upcoming payments and small finance banks, RBI Deputy Governor S S Mundra on Monday said there should not be any “adventurism”and institutional progress of the entities will be monitored closely in formative stages.
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