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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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RBI's monetary policy stance leaves experts, industry 'disappointed'

RBI's monetary policy stance leaves experts, industry 'disappointed'

Wed, Dec 07, 2016

The economists and analysts were expecting a rate cut of at least 25 basis points.

Rs 11.85 lakh crore old notes have come back in the system, says RBI

Rs 11.85 lakh crore old notes have come back in the system, says RBI

Wed, Dec 07, 2016

While the Reserve Bank of India (RBI) on Wednesday did not change the existing Repo and reverse repro rate, Urjit Patel, RBI governor said that Rs 11.85 lakh crore has come back into the system.

RBI maintains status-quo on rates

RBI maintains status-quo on rates

Wed, Dec 07, 2016

RBI has cut repo by 1.75% since January 2015.

Should RBI hold on a rate cut today?

Should RBI hold on a rate cut today?

Wed, Dec 07, 2016

Should RBI wait for two more months before cutting rates?

PM Modi's cash clampdown gamble may force RBI to cut rates today

PM Modi's cash clampdown gamble may force RBI to cut rates today

Wed, Dec 07, 2016

An intense cash shortage in India could force the central bank to cut interest rates to a six-year low on Wednesday as Prime Minister Narendra Modi`s currency gamble threatens to hit nearly every aspect of the economy, from consumers to supply chains.

MPC meeting starts, may go for 0.25% rate cut

MPC meeting starts, may go for 0.25% rate cut

Tue, Dec 06, 2016

The six-member Monetary Policy Committee (MPC) began its deliberations on Tuesday amid widespread expectations of at least 0.25% (25-basis point) cut in the policy rate to cushion the impact of demonetisation.

As Indian rate cut hopes grow, some warn of going too far

As Indian rate cut hopes grow, some warn of going too far

Tue, Dec 06, 2016

The Reserve Bank of India (RBI) is widely expected to cut interest rates on Wednesday as the economy reels from an unexpected clampdown on cash, but foreign investors will be looking for some assurance that new Reserve Bank Governor Urjit Patel has firm control over monetary policy.

RBI Governor Urjit Patel may cut rate by 0.25% in policy review on December 7

RBI Governor Urjit Patel may cut rate by 0.25% in policy review on December 7

Sun, Dec 04, 2016

Reserve Bank of India (RBI) Governor Urjit Patel is expected to again go in for a 0.25% interest rate cut at its next policy review on December 7, Wednesday, with an aim to cushion the impact of demonetisation, a majority bankers feel.

RBI Governor Urjit Patel gets Rs 2 lakh pay per month, no support staff at home

RBI Governor Urjit Patel gets Rs 2 lakh pay per month, no support staff at home

Sun, Dec 04, 2016

RBI Governor Urjit Patel gets a little over Rs 2 lakh as salary and has not been provided with any supporting staff at his residence, the central bank has said.

RBI seen cutting rates as demonetisation rattles economy: Reuters poll

RBI seen cutting rates as demonetisation rattles economy: Reuters poll

Sat, Dec 03, 2016

The Reserve Bank of India (RBI) is expected to cut interest rates next week and economists are set to chop growth and inflation forecasts after Prime Minister Narendra Modi`s currency crackdown rattled the economy and severely hurt consumption, a Reuters poll showed.

RBI likely to slash rate by 25 bps next week: Citigroup

RBI likely to slash rate by 25 bps next week: Citigroup

Fri, Dec 02, 2016

India's GDP accelerated to 7.3% in the September quarter.

RBI may front-load rate cut to December to support growth: DBS

RBI may front-load rate cut to December to support growth: DBS

Tue, Nov 29, 2016

While global uncertainties and rupee volatility suggest first quarter (Q1) of 2017 is a better time to ease rates, the Reserve Bank of India (RBI) may bring forward the rate cut to December to support growth and tap favourable inflation outlook, says a DBS report.

Here are 9 things Urjit Patel said on demonetisation

Here are 9 things Urjit Patel said on demonetisation

Mon, Nov 28, 2016

From assuring constant supervision to reassuring honest taxpayers, and justifying demontization and why it was so chaotic, the RBI Governor finally opened up on demonetisation.

RBI taking steps to ease genuine pain of citizens: Urjit Patel

RBI taking steps to ease genuine pain of citizens: Urjit Patel

Sun, Nov 27, 2016

Patel said that according to bankers the situation is getting better and in the metros things are stabilising but the remote locations are still feeling some pain.

Urjit Patel has sacrificed RBI's autonomy: Congress

Urjit Patel has sacrificed RBI's autonomy: Congress

Sat, Nov 26, 2016

Alleging that the Reserve Bank of India (RBI) was kept in the dark by the government about its surprise demonetisation move, the Congress on Saturday said the central bank's Governor Urjit Patel has sacrificed its autonomy.

Demonetisation chaos: Urjit Patel should resign, bank union chief demands

Demonetisation chaos: Urjit Patel should resign, bank union chief demands

Mon, Nov 21, 2016

The head of All India Bank Officer’s Confederation, D Thomas Franco, on Monday called for the resignation of Reserve Bank of India (RBI) governor, Urjit Patel, on moral grounds.

GDP to fall post demonetisation, follow-up reforms key: HSBC

GDP to fall post demonetisation, follow-up reforms key: HSBC

Sun, Nov 20, 2016

HSBC's forex strategists see the rupee weakening versus the USD to 68.0 by end-2016 and 69.5 by end-2017.

Rs 500, Rs 1000 ban: Banks to remain open on Saturday, Sunday, says RBI

Rs 500, Rs 1000 ban: Banks to remain open on Saturday, Sunday, says RBI

Wed, Nov 09, 2016

Prime Minister Narendra Modi had announced that Rs 500, Rs 1000 notes will no longer be a legal tender.

RBI issues new series of Rs 500, Rs 2,000 currency notes

RBI issues new series of Rs 500, Rs 2,000 currency notes

Wed, Nov 09, 2016

Hours after Prime Minister Narendra Modi on Tuesday announced the demonetisation of high value notes, the Reserve Bank of India (RBI) on Tuesday issued new series of notes for the Rs 500 and Rs 2,000 denomination with improved features and newer sizes.

India abolishes larger banknotes in fight against graft, 'black money'

India abolishes larger banknotes in fight against graft, 'black money'

Wed, Nov 09, 2016

Prime Minister Narendra Modi on Tuesday announced that 500 and 1,000 rupee banknotes would be withdrawn from circulation at midnight to crack down on rampant corruption and counterfeit currency

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