Articles about RBI Governor

RBI hikes repo rate by 40 bps to 4.4%

04 May 2022

Business
RBI hikes repo rate by 40 bps to 4.4%

In its first rate hike since August 2018, the Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 40 basis points to 4.4%.

RBI keeps repo rate at 4%, cuts GDP growth projection

04 Jun 2021

Business
RBI keeps repo rate at 4%, cuts GDP growth projection

The Reserve Bank of India (RBI) has once again kept the repo rate unchanged at 4 percent in an attempt to "support growth and keep inflation within the target" amid India's COVID-19 crisis.

India not immune to economic impact of COVID-19: RBI Governor

16 Mar 2020

Business
India not immune to economic impact of COVID-19: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at the central bank's headquarters in Mumbai on Monday.

BJP MP pacifies panicked Bengaluru bank depositors amid RBI restrictions

14 Jan 2020

India
BJP MP pacifies panicked Bengaluru bank depositors amid RBI restrictions

Days after the Reserve Bank of India imposed regulatory restrictions on a co-operative bank in Bengaluru, Bharatiya Janata Party MP Tejasvi Surya assured panicked depositors that the Finance Minister was personally looking into the matter.

Rs. 90L stuck in PMC Bank, depositor dies of heart-attack

15 Oct 2019

India
Rs. 90L stuck in PMC Bank, depositor dies of heart-attack

Thousands of customers of PMC Bank don't know when will they get access to their own hard-earned money. Their savings, spanning years, have been locked up by RBI.

PMC Bank crisis: RBI hikes withdrawal limit to Rs. 40,000

14 Oct 2019

Business
PMC Bank crisis: RBI hikes withdrawal limit to Rs. 40,000

In a major relief for customers of the crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank, the Reserve Bank of India (RBI) raised the withdrawal limit for account holders to Rs. 40,000, on Monday. Earlier, this limit was Rs. 25,000.

PMC crisis: Nirmala Sitharaman says she'll talk to RBI Governor

10 Oct 2019

Business
PMC crisis: Nirmala Sitharaman says she'll talk to RBI Governor

Finance Minister Nirmala Sitharaman met distressed customers of the crisis-hit Punjab and Maharashtra Co-operative Bank (PMC) on Thursday and assured them she will speak to Shaktikanta Das, the Governor of Reserve Bank of India (RBI), this evening.

#NewsBytesExplainer: Why is RBI giving Rs. 1.76L crore to government

27 Aug 2019

Business
#NewsBytesExplainer: Why is RBI giving Rs. 1.76L crore to government

Amid an economic slowdown in the country, Reserve Bank of India (RBI) stepped in to bail out Prime Minister Narendra Modi's government.

Five famous and successful alumni of IIM-Ahmedabad to know about

12 Jul 2019

India
Five famous and successful alumni of IIM-Ahmedabad to know about

The Indian Institutes of Management (IIMs) are the most sought-after business schools in the country that provide quality management education.

Five famous alumni of IIT Kanpur you should know about

06 Jul 2019

India
Five famous alumni of IIT Kanpur you should know about

The Indian Institutes of Technology (IITs) are the country's premier engineering institutes that are recognized as centers of academic excellence in science and technology.

No charges on RTGS, NEFT transfers from July 1: RBI

11 Jun 2019

Business
No charges on RTGS, NEFT transfers from July 1: RBI

The Reserve Bank of India (RBI) has decided to waive off all charges on RTGS and NEFT system fund transfers from July 1, 2019.

RBI cuts repo rate by 25bps; loans/EMIs to get cheaper

07 Feb 2019

Business
RBI cuts repo rate by 25bps; loans/EMIs to get cheaper

Taking a major policy U-turn, the RBI's six-member Monetary Policy Committee (MPC) headed by newly-appointed Governor Shaktikanta Das lowered the repo rate by 25 basis points to 6.25%.

Shaktikanta Das takes charge as new RBI Governor

12 Dec 2018

India
Shaktikanta Das takes charge as new RBI Governor

A day after he was appointed as the new Governor of the Reserve Bank of India (RBI), Shaktikanta Das, on Wednesday, took charge of the central bank.

Urjit Patel resigns as Governor of Reserve Bank of India

10 Dec 2018

India
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.

Parliamentary panel summons RBI Governor to answer queries on bank-scams

17 Apr 2018

India
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.

New Rs.10, Rs.50, Rs.200 notes: All you need to know

05 Jan 2018

Business
New Rs.10, Rs.50, Rs.200 notes: All you need to know

The RBI has officially announced new notes of Rs. 10 in the Mahatma Gandhi (New) series. RBI Governor said they will be issued shortly.

RBI governor gets a pay hike

02 Apr 2017

India
RBI governor gets a pay hike

The government has more than doubled the salaries of the RBI Governor and Deputy Governors.

Yogi Adityanath: Fali Nariman questions appointment as UP CM

26 Mar 2017

Politics
Yogi Adityanath: Fali Nariman questions appointment as UP CM

Eminent jurist Fali Nariman questioned the appointment of Yogi Adityanath as the Chief minister of Uttar Pradesh, asking PM Modi if this was the start of a Hindu state.

Government slams New York Times' editorial for criticizing Modi

26 Mar 2017

Politics
Government slams New York Times' editorial for criticizing Modi

The external affairs ministry has questioned the wisdom behind New York Times' editorial which criticized PM Modi for making Yogi Adityanath the CM of Uttar Pradesh.

Rs. 2000 notes printed when Rajan was governor

17 Feb 2017

Business
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.

Vibrant Gujarat: Teen signs Rs.5 crore MoU for drones

13 Jan 2017

India
Vibrant Gujarat: Teen signs Rs.5 crore MoU for drones

14 year old Harshwardhan Zala signed a Rs.5 crore memorandum of understanding (MoU) with the Department of Science and Technology, Government of Gujarat.

25,000+ MoUs signed at Vibrant Gujarat 2017

13 Jan 2017

India
25,000+ MoUs signed at Vibrant Gujarat 2017

Over 25,000 MoUs were signed at the Vibrant Gujarat Summit 2017.

Over 24,000 investment intentions signed at Vibrant Gujarat 2017

12 Jan 2017

India
Over 24,000 investment intentions signed at Vibrant Gujarat 2017

Gujarat Deputy Chief Minister Nitin Patel stated that 24,385 investment intentions were signed with industry giants and various heads of state on the second day of 8th edition of the Vibrant Gujarat Summit being held at Gandhinagar.

PM Modi inaugurates Vibrant Gujarat Global Summit

11 Jan 2017

India
PM Modi inaugurates Vibrant Gujarat Global Summit

Prime Minister Narendra Modi inaugurated the Vibrant Gujarat Summit 2017 at Gujarat's Gandhinagar.

Urjit Patel gets Rs.2lakh/month, no support staff

04 Dec 2016

India
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.

RBI looks to explore Islamic banking and finance

05 Sep 2016

India
RBI looks to explore Islamic banking and finance

The Reserve Bank of India proposed measures to adopt interest-free banking that will open Islamic finance in India, tackling banking exclusions pitched under religious reasons.

Urjit Patel taking charge as RBI Governor on 6 September

04 Sep 2016

India
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.

Urjit Patel appointed as RBI Governor

20 Aug 2016

India
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.