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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 to direct banks to start bankruptcy proceedings against 12 defaulters

RBI to direct banks to start bankruptcy proceedings against 12 defaulters

Wed, Jun 14, 2017

The committee narrowed the list to 12 by focusing on accounts owing more than 50 billion rupees ($777.2 million), where 60 percent or more of the loan had been already classified as non-performing by banks as of March 31, 2016.

WATCH: What's new in RBI's new series of Rs 500 notes

WATCH: What's new in RBI's new series of Rs 500 notes

Tue, Jun 13, 2017

RBI has been issuing banknotes in Mahatma Gandhi series from time to time and now it had introduced a new batch of Rs 500 banknotes.

Is all well between RBI and FinMin? YV Reddy answers

Is all well between RBI and FinMin? YV Reddy answers

Thu, Jun 08, 2017

Urjit Patel was asked if the finance ministry invite was an assault on the independence and autonomy of the RBI.

India Inc disappointed as RBI keeps rates unchanged

India Inc disappointed as RBI keeps rates unchanged

Thu, Jun 08, 2017

Industry chamber Assocham said the Reserve Bank (RBI) has "disappointed India Inc" by not reducing the policy interest rates, specially when inflation remains quite benign.

From farm loan waivers to your EMIs, 10 things RBI said

From farm loan waivers to your EMIs, 10 things RBI said

Wed, Jun 07, 2017

RBI during its monetary policy meet on Wednesday touched upon several aspects right from inflation to farm loan waivers to 7th Pay Commission, among others. Here are 10 key things RBI said during its meet.

RBI keeps interest rates unchanged but injects money via SLR cut

RBI keeps interest rates unchanged but injects money via SLR cut

Wed, Jun 07, 2017

For the second half of the fiscal, the Reserve Bank of India sees inflation in the range of 2-3.5%.

RBI's monetary policy: 12 factors and 10 charts that you must know

RBI's monetary policy: 12 factors and 10 charts that you must know

Wed, Jun 07, 2017

RBI is set to present second monetary policy of FY18. Analysts expect a status quo in this policy too. However, rate cut or not, a total of 12 factors that the central bank will look into before making a decision.

Farm loan waiver could reach Rs 2.6 lakh crore by 2019, report claims

Farm loan waiver could reach Rs 2.6 lakh crore by 2019, report claims

Tue, Jun 06, 2017

Demand for farm loan waiver has increased in many states. It is expected that all states will write- off about $40 billion (Rs 2.6 lakh crore) of farm loans in the run up to 2019 general elections following the ruling BJP's UP and Maharashtra governments' waivers.

Govt to go ahead with PSU bank merger without further wait: FM Jaitley

Govt to go ahead with PSU bank merger without further wait: FM Jaitley

Mon, Jun 05, 2017

The government today said it is examining the possibility of further consolidation in the public sector banking space without waiting for their finances to improve. Merger of five associate banks and Bhartiya Mahila Bank with the country's largest lender SBI took place in April.

RBI unlikely to cut repo rate even as CPI inflation reaches to a series low

RBI unlikely to cut repo rate even as CPI inflation reaches to a series low

Mon, May 29, 2017

Urjit Patel governor of RBI along with Monetary Policy Committee (MPC) have kept the policy rate unchanged in last three meet followed by a neutral stance in the month of February 2017. This may continue in June bi-monthly monetary policy despite low CPI.

Urjit Patel meets Finance Ministry officials to discuss NPA resolution issues

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.

Under Urjit Patel, RBI zooms in on 4% inflation target

Under Urjit Patel, RBI zooms in on 4% inflation target

Mon, May 08, 2017

The pursuit of the 4% target will likely continue to remain a source of disagreement between the RBI and some market players, even as investors begin to adjust to a more hawkish monetary policy.

Public sector banks merger could help banking system: RBI Governor

Public sector banks merger could help banking system: RBI Governor

Tue, Apr 25, 2017

Patel said that divestment in public sector banks would have a positive role for the sector. "Divestment measures would improve overall banking sector health," he said.

There is still room for banks to cut lending rates: RBI Governor Patel

There is still room for banks to cut lending rates: RBI Governor Patel

Thu, Apr 20, 2017

Vegetable prices, which had declined sharply during November 2016 to January 2017, seem to have stabilised but may go up in the coming months due to a seasonal pick up, Patel said.

7th Pay Commission: RBI flags concern over inflation; what will allowances committee do?

7th Pay Commission: RBI flags concern over inflation; what will allowances committee do?

Fri, Apr 07, 2017

The impact on inflation is expected to persist for 6-8 quarters, with the peak effect occurring at around 3-4 quarters following the implementation, RBI had said.

'New investment proposals recover from a decade low in March quarter'

'New investment proposals recover from a decade low in March quarter'

Fri, Apr 07, 2017

The Reserve Bank of India (RBI) in its first bi-monthly monetary policy document for the current fiscal year said that new investment proposals have recovered in the fourth quarter from its decadal low level at the end of third quarter.

RBI to soon allow banks to invest in REITs, InvITs; to issue detail guidelines by end of May

RBI to soon allow banks to invest in REITs, InvITs; to issue detail guidelines by end of May

Fri, Apr 07, 2017

The Reserve Bank of India (RBI) will soon allow banks to invest in REITs and InvITs which will boost the country's real estate sector.

Inflation is likely to play spoilsport at RBI’s rate cut party

Inflation is likely to play spoilsport at RBI’s rate cut party

Fri, Apr 07, 2017

In March 2017, private sector weather forecaster Skymet said that the probability of India experiencing a ‘below normal’ monsoon are high. What this simply means is that the agriculture sector will produce less which will result in inching up food prices.

Sensex, Nifty open in red; Bharti Airtel shares gains 2%

Sensex, Nifty open in red; Bharti Airtel shares gains 2%

Fri, Apr 07, 2017

HDFC Securities said, “Indian equity markets are likely to open on a muted note, weighed down by geopolitical concerns. Financial, FMCG, and Pharma sectors are expected to trade in negative zone whereas Realty sector is expected to trade in positive zone. Crucial support for Nifty is at 9215 level, while strong immediate resistance is at 9370.”

Banks should transmit lower cost of funds to customers, experts say

Banks should transmit lower cost of funds to customers, experts say

Thu, Apr 06, 2017

The Reserve Bank of India (RBI) left its benchmark lending rate unchanged at 6.25% today for the third policy review in a row citing upside risk to inflation.

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