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Urjit Patel

New Rs 100 notes bearing RBI’s new governor Shaktikanta Das signature to come soon - All details here

New Rs 100 notes bearing RBI’s new governor Shaktikanta Das signature to come soon - All details here

Wed, Feb 27, 2019

Rs 100 was also among banknotes like new Rs 50, Rs 10 and Rs 500 which has seen a makeover in India’s currency chest since demonetisation drive.

Narendra Modi’s first interview of 2019

Narendra Modi’s first interview of 2019

Tue, Jan 01, 2019

In an interview with ANI on the first day of the New Year, PM Narendra Modi spoke on a range of topics—from the Ram Mandir issue to Pakistan, surgical strikes and 2019 Lok Sabha elections.

PM Modi defends govt on criticism over demonetisation, Urjit Patel's resignation as RBI governor

PM Modi defends govt on criticism over demonetisation, Urjit Patel's resignation as RBI governor

Tue, Jan 01, 2019

Prime Minister Narendra Modi on Wednesday said that the demonetisation drive announced by him on November 8, 2016 was not a shock as the government had warned people having black money a year ago. Responding to criticism over surprise resignation of Urjit Patel as RBI Governor, PM Modi said that the former requested to resign on personal reasons, adding that there was no political pressure on him.

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Government fully respects independence and autonomy of RBI: Finance Ministry

Government fully respects independence and autonomy of RBI: Finance Ministry

Sat, Jan 14, 2017

It said in a release, "There has been a report in sections of the Press that some unions have alleged infringement of the autonomy of the Reserve Bank of India. It is categorically stated that the Government fully respects the independence and autonomy of the Reserve Bank of India."

RBI's own figures indicate return of 15 lakh crore of banned notes

RBI's own figures indicate return of 15 lakh crore of banned notes

Sat, Jan 14, 2017

More worryingly, this figure has been arrived at on the assumption that no new notes were issued after December 19 -- a near impossibility. This could well open up the intriguing possibility that more banned notes may have returned than were said to be in circulation.

RBI employees urge governor to protect autonomy

RBI employees urge governor to protect autonomy

Sat, Jan 14, 2017

The RBI`s employee union in a letter to the governor dated January 13 said it was "painful" the central bank was being criticised despite its staff successfully carrying out the "humongous task" of replacing the old bills.

RBI employees resent ''government interference''

RBI employees resent ''government interference''

Sat, Jan 14, 2017

The letter asked the Governor whether a recent media report, according to which the Finance Ministry had deputed a Joint Secretary-level officer to the RBI to oversee its currency chest operations, is true.

Low inflation must for meaningful interest rate regime: Patel

Low inflation must for meaningful interest rate regime: Patel

Wed, Jan 11, 2017

"For us, in India, good policy housekeeping should be the cornerstone. It is easy and quick to fritter away gains regarding macroeconomic stability. But hard and slow to regain them," he said at Vibrant Gujarat Global Summit here.

Here are the 10 questions that Public Accounts Committee will ask RBI Governor Urjit Patel

Here are the 10 questions that Public Accounts Committee will ask RBI Governor Urjit Patel

Wed, Jan 11, 2017

On December 30, a questionnaire was sent to Patel.

8th edition of Vibrant Gujarat Summit to commence tomorrow

8th edition of Vibrant Gujarat Summit to commence tomorrow

Mon, Jan 09, 2017

PM Modi will interect with some of the top state heads ahead of the formal inauguration of the Summit tomorrow.

Govt keeps inflation pressure at bay in 2016, but hiccups loom

Govt keeps inflation pressure at bay in 2016, but hiccups loom

Mon, Jan 02, 2017

In spite of a smooth transition to a new inflation-targeting mechanism, crude price rearing its ugly head is a grim reminder that it will be a tough job ahead to keep retail price increase at the 2016 level of around 5 %.

Note ban policy: RBI's autonomy under threat, say experts

Note ban policy: RBI's autonomy under threat, say experts

Thu, Dec 29, 2016

"It all depends on the chemistry between the finance minister and the governor".

RBI's Financial Stability Report: Banks continue to face significant levels of stress

RBI's Financial Stability Report: Banks continue to face significant levels of stress

Thu, Dec 29, 2016

Reserve Bank of India (RBI) on Thursday released its Financial Stability Report (FSR) December 2016 where it said that banks, particularly public sector banks, continue to face significant levels of stress.

NYU Stern professor Viral Acharya is new RBI Deputy Governor, Govt says

NYU Stern professor Viral Acharya is new RBI Deputy Governor, Govt says

Wed, Dec 28, 2016

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).

10 director level posts vacant in Reserve Bank of India

10 director level posts vacant in Reserve Bank of India

Sun, Dec 25, 2016

Reserve Bank of India's (RBI) all powerful central board is short of ten non-official directors and one Deputy Governor at a time when the apex bank is engaged in massive demonetisation and remonetisation exercises.

RBI's latest currency disbursal figures: The math still doesn't add up

RBI's latest currency disbursal figures: The math still doesn't add up

Fri, Dec 23, 2016

On December 7, during the monetary policy press conference, the Deputy Governor of RBI, R. Gandhi, informed the media that a total of Rs 4 trillion or Rs 4 lakh crore had been disbursed to the public in new currency notes till the day before.

Reserve Bank of India MPC panel focuses more on inflation, plays down growth worry

Reserve Bank of India MPC panel focuses more on inflation, plays down growth worry

Wed, Dec 21, 2016

"Achieving the inflation target ... remains the primary objective," RBI Governor Urjit Patel said in the minutes.

Nearly Rs 6 lakh crore withdrawn up to December 19, RBI says

Nearly Rs 6 lakh crore withdrawn up to December 19, RBI says

Wed, Dec 21, 2016

In this period, the Reserve Bank has issued to the banks and their branches, for distribution to the public, a total of 22.6 billion pieces of notes of various denominations of which 20.4 billion pieces belonged to small denominations of ₹ 10, 20, 50 and 100s and 2.2 billion belonged to higher denominations of ₹ 2000 and ₹ 500.

RBI should give details of notes supply to banks daily basis: Bank staff unions

RBI should give details of notes supply to banks daily basis: Bank staff unions

Wed, Dec 14, 2016

RBI governor Urjit Patel will attend the central board meet.

S&P says India's demonetisation has hurt confidence in RBI

S&P says India's demonetisation has hurt confidence in RBI

Wed, Dec 14, 2016

The slow replacement of the abolished bills has sparked a shortage of cash that has hit large parts of the economy.

Government to amend RBI Act to annul old Rs 500, Rs 1000 currency notes

Government to amend RBI Act to annul old Rs 500, Rs 1000 currency notes

Sun, Dec 11, 2016

The government is likely to amend the Reserve Bank of India (RBI) Act to extinguish the validity of Rs 500 and Rs 1,000 notes printed before November 9 and a reference to this effect would be made in the upcoming Budget 2017-18.

Bank unions AIBEA, AIBOA write to RBI Governor Urjit Patel over cash shortage

Bank unions AIBEA, AIBOA write to RBI Governor Urjit Patel over cash shortage

Sat, Dec 10, 2016

Two bank unions on Friday urged Reserve Bank of India (RBI) Governor Urjit Patel to ensure adequate supply of the new Rs 500 notes and bills of lower denominations to tide over the prevailing cash crunch.

RBI refuses to cut repo rate: Will your home loan EMIs come down?

RBI refuses to cut repo rate: Will your home loan EMIs come down?

Thu, Dec 08, 2016

Post the demonetisation move, the banking system is flooded with liquidity.

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