RBI governor

26th RBI Governor Sanjay Malhotra Takes Charge, Focuses on Stability, Growth, and Trust

Thu, Dec 12, 2024

 Sanjay Malhotra on Wednesday, December 11, took charge as the 26th Governor of the Reserve Bank of India (RBI). In his first public interaction as the central bank's new head promised to focus on restoring trust, promoting growth, and ensuring policy stability. Malhotra, a 56-year-old career bureaucrat, takes over at a critical time when inflation is above comfortable levels, growth has slowed to a seven-quarter low, and the rupee is at an all-time low against the US dollar.

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26th RBI Governor Takes Charge: Sanjay Malhotra sets sights on stability, growth, and trust

Wed, Dec 11, 2024

Sanjay Malhotra on Wednesday, December 11, took charges as the 26th Governor of the Reserve Bank of India (RBI). Malhotra, 56, took the reins at a critical juncture for the country's economy and promised to focus on ensuring trust, growth and stability.

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RBI to stay alert & agile to meet challenges, it's an honour to head it: Governor Sanjay Malhotra

Wed, Dec 11, 2024

RBI Governor Sanjay Malhotra on Wednesday vows to ensure that the central bank's trustworthiness grows going forward. Malhotra took office as the 26th Governor of the RBI on the same day. 

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News Live: RBI Governor to meet NBFC representatives on January 9th

Sun, Jan 06, 2019

This segment brings to you latest on RBI Governor who will be meeting NBFC representatives on January 9th. Zee Business brings to you exxclusive conversation with Ajay Srinivasan - Chie Executive-Aditya Birla Capital. Watch full video to know more.

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Led by Arun Jaitley, Modi ministers blast RBI functioning under Urjit Patel

Fri, Dec 14, 2018

Though Arun Jaitley did not explicitly mention it, the discussions he was alluding to were under Section 7 of the RBI Act, through which the government of the day can force down certain policies for the central bank to implement, citing national interest.

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Shaktikanta Das beat these 4 top rivals to RBI Governor's post

Wed, Dec 12, 2018

Shaktikanta Das, 61, a former finance secretary and currently a member of the federal finance commission, and one of India's serving G20 representatives, was named as new RBI governor after Urjit Patel quit.

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Assembly Election results 2018: Sensex fights back, claws back 700 point loss as BJP leads in Madhya Pradesh

Tue, Dec 11, 2018

The markets reversed trend after BJP managed to inch ahead of Congress in Madhya Pradesh - the counting is still on and the winner is expected to announced soon. 

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Urjit Patel resigns! From Deputy Governor to sad exit as RBI chief; A journey of a silent governor

Mon, Dec 10, 2018

Patel said, "On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honor to serve in the Reserve Bank of India in various capacities over the years."

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Shortest tenure of RBI governor! Govt gets its way, first Raghuram Rajan, now Urjit Patel quits, who should be blamed

Mon, Dec 10, 2018

Over the recent months and weeks, there has been an ongoing battle with Urjit Patel taking a strong stand underlining importance of RBI independence from the Executive. No RBI governor has quit before their tenure has completed. 

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RBI delays discussing easing curbs despite government pressure: Source

Thu, Dec 06, 2018

The source said that the central bank`s board for financial supervision (BFS) only discussed the banks` September quarter results and did not address the so-called prompt corrective action (PCA) plan that they currently have to operate under. That plan which restricts their lending has been imposed in recent years after the 11 suffered from a surge in bad loans, capital depletion and mounting losses.  

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Modi government's performance a mixed story: Ex RBI Governor

Sun, Oct 21, 2018

Jalan, who was a member of the Rajya Sabha from 2003 to 2009, said the government should adopt a cautious approach with regard to minimum support price as it also affects the price of food grains for consumption for poor people in rural and semi urban areas.

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Urjit Patel breaks silence on PNB scam, says ready to be 'Neelakantha', drink poison to clean system

Wed, Mar 14, 2018

Governor Urjit Patel said RBI has in place asset quality review of banks and "we are doing all we can to break this unholy nexus". Invoking mythology, he said RBI has undertaken the cleaning up of the country's credit culture as the Mandara mount or the churning rod in the Amrit Manthan or the Samudra Manthan of the modern day Indian economy. 

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Patel pushed 0.25% rate cut, transmission by banks:MPC minutes

Wed, Aug 16, 2017

RBI Governor Urjit Patel had opted for a moderate rate cut of 25 basis points arguing that low food prices were unusual and vulnerable to upward pressures, said minutes of the last Monetary Policy Committee (MPC) meet released today.

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Full Text: Here's what RBI said in its bi-monthly monetary policy

Wed, Aug 02, 2017

India's central bank, the Reserve Bank of India (RBI) on Wednesday cut repo rate by 25 basis points making it the lowest since 2010. While announcing its bi-monthly monetary policy the RBI reduced the repo rate to 6% from 6.25% and slashed reverse repo rate to 5.75% from 6%. 

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RBI Governor meets Jaitley before monetary policy review

Sat, Jul 29, 2017

The six-member monetary policy committee (MPC) of the RBI headed by Patel will meet on August 1-2 in Mumbai for the third bi-monthly policy review of the fiscal in the backdrop of latest macro data strengthening the case for an interest rate cut by the central bank.

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Four reasons RBI Governor Urjit Patel gave for not counting demonetised notes

Thu, Jul 13, 2017

RBI Governor Urjit Patel listed these reasons for not being able to decipher how many illegal notes have come back to the central bank.  

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Deposited demonetised notes still being counted: RBI Governor

Thu, Jul 13, 2017

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Urjit Patel meets Finance Ministry officials to discuss NPA resolution issues

Fri, May 12, 2017

Besides RBI governor, Financial Services Secretary, other senior officials of finance ministry and RBI were present in the meeting.

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RBI Governor not happy with loan waiver of UP government

Fri, Apr 07, 2017

RBI Governor not happy with loan waiver of UP government. Watch the full segment for more details.

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Need to 'take care' of stable macroeconomic parameters, says Urjit Patel

Fri, Feb 17, 2017

The RBI needs to ensure that the hard earned gains with regard to macro-economic stability are maintained and able to withstand global financial volatility, said Governor Urjit Patel in an interview to CNBC-TV18 news channel.

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RBI governor says looking beyond muted headline inflation

Fri, Feb 17, 2017

The RBI governor said it needs to look beyond recent muted headline inflation figures and focus on trends in core inflation, which excludes more volatile food and fuel prices. Recent declines in vegetable prices could be short lived, Urjit Patel said in an interview with CNBC TV18.

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India India Inc says monetary policy disappoints with no rate cut

Wed, Feb 08, 2017

The Monetary Policy Committee ‘surprised the markets with a pause,’ was one way India Inc described the Reserve Bank of India’s decision to maintain status quo on interest rates on Wednesday at 6.25%.

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Monetary Policy: Five reasons why RBI did not cut interest rates

Wed, Feb 08, 2017

In its sixth bi-monthly monetary policy the Reserve Bank of India (RBI) did not cut interest rates for the fifth month in a row on Wednesday. Here are a few reasons why RBI maintained status quo: 1. RBI expects inflation stickiness as broadly ‘discernible’

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