Urjit Patel: News
24 Jun 2019Reserve Bank Of India (RBI)
RBI's Deputy Governor Viral Acharya quits before term ends: Report
Viral Acharya, the Deputy Governor of Reserve Bank of India (RBI), has tendered his resignation, Business Standard reported on Monday.
01 Jan 2019Narendra Modi
Ram Mandir to Urjit Patel: Highlights from PM Modi's interview
As 2018 turned to 2019, Prime Minister Narendra Modi kickstarted the new year with an exclusive interview with news agency ANI.
14 Dec 2018Reserve Bank Of India (RBI)
Operational independence of central banks important: IMF director
The International Monetary Fund (IMF) yesterday said that "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.
11 Dec 2018Supreme Court Of India
SC dismisses PIL against Finance Minister Arun Jaitley
The Supreme Court today refused to recall its order by which it had imposed a fine of Rs. 50,000 on a lawyer for filing a PIL against Finance Minister Arun Jaitley, raising allegations relating to the capital reserve of the Reserve Bank of India (RBI).
11 Dec 2018Reserve Bank Of India (RBI)
Shaktikanta Das becomes the new RBI governor
On Tuesday, Shaktikanta Das was made the Governor of Reserve Bank of India after Urjit Patel resigned on Monday. He will join office immediately.
11 Dec 2018Reserve Bank Of India (RBI)
Urjit Patel first RBI Governor to officially resign since 1957
Reserve Bank of India (RBI) Governor Urjit Patel's resignation from his post has made him the third RBI Governor to officially resign.
11 Dec 2018Bombay Stock Exchange (BSE)
Assembly poll results, Urjit Patel's sudden resignation upset market
Benchmark equity indices opened with heavy losses today, as investors were on edge ahead of the final assembly election results from five states, amid plummeting rupee after RBI Governor Urjit Patel's unexpected resignation.
10 Dec 2018Reserve Bank Of India (RBI)
Urjit Patel resigns as Governor of Reserve Bank of India
Reserve Bank of India Governor, Urjit Patel, has stepped down from the position with immediate effect amid rift with the government on various issues.
02 Dec 2018India
RBI likely to keep interest rate unchanged on December 5
The Reserve Bank is likely to maintain status quo on interest rate in the upcoming monetary policy review on December 5 despite moderation in economic growth and easing inflation, suggested experts.
19 Nov 2018Reserve Bank Of India (RBI)
The falling rupee: Sheds 9 paise against US dollar
The rupee depreciated by 9p to 72.02 against the USD in early-trade today at the interbank foreign exchange.
19 Nov 2018Reserve Bank Of India (RBI)
RBI board meeting: Key issues to be discussed
Amid tensions between the government and the Reserve Bank of India (RBI), the RBI, board, on Monday, started a meeting to try and work out its differences with the government pertaining to policy.
31 Oct 2018Narendra Modi
RBI vs Modi government: All about the spat, Section 7
The ongoing spat between the Reserve Bank of India (RBI) and the Modi government is public knowledge by now.
05 Oct 2018Reserve Bank Of India (RBI)
In a surprise move, RBI keeps policy rates unchanged
The Reserve Bank opted for a surprising status quo at the bi-monthly review today on expectations of softening price rise, but changed the policy stance to "calibrated tightening" from "neutral".
13 Sep 2018Reserve Bank Of India (RBI)
RBI Governor Urjit Patel to deliver lecture to anti-corruption officers
RBI Governor Urjit Patel is scheduled to deliver a lecture to senior anti-corruption officers working with banks and other public sector organizations next week in New Delhi.
01 Aug 2018India
FRDI Bill withdrawn on apprehensions expressed by public: Piyush Goyal
The government has decided to withdraw Financial Resolution and Deposit Insurance (FRDI) Bill following apprehensions expressed by the public with regard to the "bail-in" clause to resolve a failing bank and insurance cover on bank deposits, Finance Minister Piyush Goyal told a Parliamentary Committee.
15 Jun 2018Reserve Bank Of India (RBI)
RBI must monitor banks with off-site surveillance, on-site inspection: Union
Reserve Bank union today requested Governor Urjit Patel to monitor banks through a combination of risk-based supervision, off-site surveillance and on-site inspections of operational systems.
22 Apr 2018India
India's pace of growth to accelerate in 2018-19: RBI Governor
Asserting that the Indian economy turned in a resilient performance in 2017-18, RBI Governor Urjit Patel has said the country's growth is expected to accelerate in 2018-19.
17 Apr 2018ICICI Bank
Parliamentary panel summons RBI Governor to answer queries on bank-scams
A parliamentary panel has called Reserve Bank Governor Urjit Patel on May 17 to answer queries on a spate of banking scams unearthed in the last few months, sources said.
04 Oct 2017India
RBI: Repo rate remains unchanged at 6%; GVA growth-estimate slashed
Urjit Patel-led six-member Monetary Policy Committee (MPC) of Reserve Bank of India has kept the repo rate unchanged at 6% as per expectations.
09 Sep 2017India
RBI governor's term and tenure must be safeguarded: Rajan
A few days after revealing sensational details about the demonetization exercise, former RBI governor Raghuram Rajan has said the central bank head's "term and turf" have to be safeguarded.
28 Aug 2017India
99% demonetized Rs. 1,000 notes returned to RBI
The RBI website announced that roughly 99% of the demonetized Rs. 1000 currency notes had returned into the banking system.
02 Aug 2017Reserve Bank Of India (RBI)
RBI cuts interest rates, loans to get cheaper
The RBI has cut repo rate by 25 basis points to 6%, the lowest in more than 6.5 years, during its policy review today.
13 Jul 2017Reserve Bank Of India (RBI)
Demonetization: Still counting number of returned notes, says Urjit Patel
RBI Governor Urjit Patel appeared before the Parliamentary Standing Committee on Finance to answer queries regarding demonetization.
08 Jun 2017India
RBI Monetary Policy Committee keeps repo rate unchanged at 6.25%
Governor Urjit Patel-led six-member Monetary Policy Committee (MPC) of the Reserve Bank of India kept the repo rate (short-term lending rate) unchanged, while slashed the statutory liquidity ratio (SLR) by 50 basis points to 20% in their second bimonthly monetary policy review.
02 Apr 2017Reserve Bank Of India (RBI)
RBI governor gets a pay hike
The government has more than doubled the salaries of the RBI Governor and Deputy Governors.
17 Feb 2017India
Rs. 2000 notes printed when Rajan was governor
Reports revealed that even though the Rs. 2000 bears the signature of current RBI governor Urjit Patel, the printing began when Raghuram Rajan was in office.
21 Jan 2017Reserve Bank Of India (RBI)
Demonetization: Bankers threaten to go on a nationwide strike
Certain bank trade unions have intimidated that they would go on a nationwide, day-long strike on 7th February.
19 Jan 2017Reserve Bank Of India (RBI)
Former PM MMS comes to Urjit Patel's aid
Former PM Manmohan Singh came to the aid of RBI governor Urjit Patel amidst the heated debate on demonetization, saying he is not obligated to respond to queries on lifting banking restrictions.
18 Jan 2017Reserve Bank Of India (RBI)
RBI: new notes worth Rs.9.2 lakh crore already introduced
RBI governor Urjit Patel stated that new notes worth Rs.9.2 lakh crore have already been introduced in place of Rs.15.4 lakh crore worth Rs.500 and Rs.1,000 notes that were removed from circulation.
16 Jan 2017Reserve Bank Of India (RBI)
Ex-SBI chairman accuses RBI of lying on demonetization
Former State Bank of India chairman Pratip Chaudhuri has alleged that the RBI has been "lying on the face" to Indian citizens about the cash situation.
14 Jan 2017Reserve Bank Of India (RBI)
RBI employees ask the Governor to stop Centre's interference
Employee unions of the central bank wrote to the RBI governor Urjit Patel to take action against Centre's "unwarranted interference".
11 Jan 2017Reserve Bank Of India (RBI)
RBI: Note ban on Centre's recommendation
The RBI has informed the Parliament's standing committee on finance that the note ban was implemented based on recommendations from the Centre just a day in advance.
24 Dec 2016Reserve Bank Of India (RBI)
RBI proposed note-ban hours before PM's announcement
The RBI revealed that the bank's central board of directors made a recommendation for demonetizing Rs.1000 and Rs.500 notes at a meeting in New Delhi on November 8.
23 Dec 2016Reserve Bank Of India (RBI)
Demonetization highlights the Centre-RBI communication lapses
The Reserve Bank of India and the Centre don't often see eye-to-eye, even in the best of times; which these post-demonetization days certainly aren't.
07 Dec 2016India
RBI maintains repo rate at 6.25%
Amidst rising expectations of a rate cut from the Reserve Bank of India, the central bank kept the repo rate unchanged at 6.25%.
04 Dec 2016Reserve Bank Of India (RBI)
Urjit Patel gets Rs.2lakh/month, no support staff
The RBI revealed that its governor, Urjit Patel, draws a salary of Rs.2 lakh per month and is not provided with support-staff at his residence.
07 Nov 2016India
Rs.1 note now printed at a profit
In an RTI filing, the RBI revealed that two mints charge different amounts for printing the same currency notes.
19 Oct 2016Mumbai
RBI looks to tackle growth over inflation
In its first monetary policy meeting, the RBI said that all of the monetary policy committee's members had voted in favour of the repo rate cut that was announced earlier this month.
01 Oct 2016Mumbai
RBI directs banks to publish photos of only wilful defaulters
The Reserve Bank of India directed lenders and other financial banking institutions to not resort to publishing photographs of all defaulters indiscriminately.
04 Sep 2016Raghuram Rajan
Urjit Patel taking charge as RBI Governor on 6 September
With Raghuram Rajan's tenure as RBI Governor seeing an end after he announced his decision to step down from taking up a second term, Urjit Patel will take over the reins as his successor on Tuesday.
20 Aug 2016Reserve Bank Of India (RBI)
Urjit Patel appointed as RBI Governor
After Raghuram Rajan stepped down as RBI's Governor last month, Deputy Governor Urjit Patel was considered as a top contender for the bank's chief role.