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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 promises more effective steps to tackle bad loans pain

RBI promises more effective steps to tackle bad loans pain

Thu, Apr 06, 2017

The RBI also increased minimum capital requirement for asset reconstruction companies to Rs 100 crore from Rs 2 crore earlier today.

After SBI's Bhattacharya, RBI Guv Patel speaks out against farm loan waivers

After SBI's Bhattacharya, RBI Guv Patel speaks out against farm loan waivers

Thu, Apr 06, 2017

On March 15, Arundhati Bhattacharya, Chairperson, SBI said that farm loan waivers may disrupt credit discipline among borrowers.

RBI's bi-monthly monetary policy in two minutes

RBI's bi-monthly monetary policy in two minutes

Thu, Apr 06, 2017

The Reserve Bank of India (RBI) and Monetary Policy Committee (MPC) on Thursday kept the key policy rate unchanged at 6.25% in order to achieve its medium-term CPI inflation target of 4% and to support the economic growth.

Reserve Bank of India keeps repo rate unchanged; pegs GVA at 8.1% in FY19

Reserve Bank of India keeps repo rate unchanged; pegs GVA at 8.1% in FY19

Thu, Apr 06, 2017

The analysts were expecting RBI Governor Urjit Patel and Monetary Policy Committee (MPC) to maintain status-quo on interest rates as the main focus will be towards liquidity surplus.

9 things to watch out for before RBI's bi-monthly monetary policy

9 things to watch out for before RBI's bi-monthly monetary policy

Thu, Apr 06, 2017

RBI's repo and reverse repo rates are kept unchanged at 6.25% and 5.75% respectively, where it has been since October 2016. Marginal standing facility (MSF) rate and bank rate at 6.75% each.

RBI bi-monthly monetary policy: Measures to soak up excess liquidity will be keenly watched

RBI bi-monthly monetary policy: Measures to soak up excess liquidity will be keenly watched

Thu, Apr 06, 2017

Despite RBI shifting its policy stance to neutral in February, the weighted average overnight rates has floated close to the reverse repo rate of 5.73% in March 2017, as liquidity surplus reaches at Rs 4.5 lakh crore in the month.

Sensex, Nifty open in red ahead of RBI's policy meet

Sensex, Nifty open in red ahead of RBI's policy meet

Thu, Apr 06, 2017

Analysts at ShareKhan said, “The RBI’s monetary policy committee is likely to leave the repo rate unchanged at 6.25%, where it has been since October. However, investors are expecting the RBI to announce measures to absorb the excess liquidity that has accumulated post demonetisation.”

RBI Monetary Policy: Status-quo likely but outlook will be key

RBI Monetary Policy: Status-quo likely but outlook will be key

Wed, Apr 05, 2017

A poll was carried out by Zee Business revealed that 80% of the analysts believed RBI to not cut interest rates while the rest saw 0.25% reduction.

RBI likely to keep interest rates unchanged on April 6

RBI likely to keep interest rates unchanged on April 6

Sun, Apr 02, 2017

"I think that RBI will hold on to the interest rate in the upcoming policy," Kotak Mahindra Bank Vice Chairman Uday Kotak.

Union protests RBI decision to keep branches open next week

Union protests RBI decision to keep branches open next week

Sun, Mar 26, 2017

Many branches across the country reported nil tax collection as people were not aware of RBI late night notification.

FM Jaitley, Urjit Patel brainstorms ways for faster resolution of NPAs

FM Jaitley, Urjit Patel brainstorms ways for faster resolution of NPAs

Sat, Mar 11, 2017

As on September 30, 2016, gross NPAs of public sector banks rose to Rs 6.3 lakh crore as against Rs 5.5 lakh crore at the end of the June quarter.

Tough love for bad debt? RBI deputy targets Indian banks' toxic loans

Tough love for bad debt? RBI deputy targets Indian banks' toxic loans

Wed, Mar 01, 2017

Bankers are also opposed to a "bad bank" and are urging the RBI to allow existing programmes to work.

Are RBI's efforts to reduce MDR charges on debit card transactions enough?

Are RBI's efforts to reduce MDR charges on debit card transactions enough?

Tue, Feb 21, 2017

The Reserve Bank of India (RBI) has issued a draft circular aiming at rationalising Merchant Discount Rate (MDR) on debit card transactions.

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

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.

RBI governor says looking beyond muted headline inflation

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.

All finance ministers have perpetual desire for lower rate: Jaitely

All finance ministers have perpetual desire for lower rate: Jaitely

Sat, Feb 11, 2017

"All finance ministers have a perpetual desire (of lower rate) but at the end of the day we all respect the decision that the RBI takes," he said after addressing customary board meeting post Budget.

RBI to declare ''verified'' figure on post-demonetisation deposits

RBI to declare ''verified'' figure on post-demonetisation deposits

Sat, Feb 11, 2017

"There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number which is not a mere estimate but a verified number both physically and in the accounting sense," Patel added when asked about the estimated amount of old currency notes that have come back.

Scope for further reduction in bank lending rate, says Patel

Scope for further reduction in bank lending rate, says Patel

Sat, Feb 11, 2017

While maintaining a status quo in the sixth bi-monthly monetary policy, RBI has said, "The Committee believes that the environment for timely transmission of policy rates to banks lending rates will be considerably improved if three key measures tackled well."

In a major shift, RBI supports bad bank idea

In a major shift, RBI supports bad bank idea

Thu, Feb 09, 2017

The bad bank concept received a shot in the arm with the Economic Survey.

India India Inc says monetary policy disappoints with no rate cut

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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