Urjit Patel

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

27 Aug 2019

#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.

RBI's Deputy Governor Viral Acharya quits before term ends: Report

24 Jun 2019

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.

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

07 Feb 2019

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%.

Ram Mandir to Urjit Patel: Highlights from PM Modi's interview

01 Jan 2019

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.

Didn't fear press: 'Silent PM' Manmohan Singh's jibe at Modi

19 Dec 2018

Didn't fear press: 'Silent PM' Manmohan Singh's jibe at Modi

In an apparent swipe at his successor, Narendra Modi, Dr. Manmohan Singh on Tuesday said he was called the 'silent Prime Minister' but he never shied away from talking to the press.

Operational independence of central banks important: IMF director

14 Dec 2018

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.

Sensex rises over 200 points, Nifty reclaims 10,800 mark

13 Dec 2018

Sensex rises over 200 points, Nifty reclaims 10,800 mark

The equity benchmark BSE Sensex today rose 263.70 points, or 0.74%, to 36,042.77 in early trade, a day after Shaktikanta Das took charge as the new Governor of RBI and promised to take all stakeholders along on key policy issues to maintain growth while keeping inflation under check.

Shaktikanta Das takes charge as new RBI Governor

12 Dec 2018

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.

SC dismisses PIL against Finance Minister Arun Jaitley

11 Dec 2018

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).

Shaktikanta Das  becomes the new RBI governor

11 Dec 2018

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.

Urjit Patel first RBI Governor to officially resign since 1957

11 Dec 2018

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.

Assembly poll results, Urjit Patel's sudden resignation upset market

11 Dec 2018

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.

Urjit Patel resigns as Governor of Reserve Bank of India

10 Dec 2018

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.

RBI likely to keep interest rate unchanged on December 5

02 Dec 2018

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.

The falling rupee: Sheds 9 paise against US dollar

19 Nov 2018

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.

RBI board meeting: Key issues to be discussed

19 Nov 2018

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.

India's economic growth held back due to demonetization, GST: Rajan

10 Nov 2018

India's economic growth held back due to demonetization, GST: Rajan

Goods and Services Tax (GST) and demonetization are the two major headwinds that held back India's economic growth last year, the 23rd and former Reserve Bank of India Governor, Raghuram Rajan, said yesterday.

RBI disagreed with Centre's claims on demonetization: Report

09 Nov 2018

RBI disagreed with Centre's claims on demonetization: Report

Before giving its approval to Centre for demonetization on November 8, 2016, the Reserve Bank of India rejected claims that it would curb black money and counterfeit notes, IE reports.

RBI vs Modi government: All about the spat, Section 7

31 Oct 2018

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.

In a surprise move, RBI keeps policy rates unchanged

05 Oct 2018

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".

RBI Governor Urjit Patel to deliver lecture to anti-corruption officers

13 Sep 2018

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.

FRDI Bill withdrawn on apprehensions expressed by public: Piyush Goyal

01 Aug 2018

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.

RBI must monitor banks with off-site surveillance, on-site inspection: Union

15 Jun 2018

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.

Business Roundup: Here are today's top 5 Business news

12 Jun 2018

Business Roundup: Here are today's top 5 Business news

Hola! Missed the business headlines of the day? No worries, here's your daily wrap of business news.

Government mulls merging four more state-run banks to reduce losses

04 Jun 2018

Government mulls merging four more state-run banks to reduce losses

The government is mulling a major merger of at least four state-run banks - Bank of Baroda, IDBI Bank Ltd, Central Bank of India and Oriental Bank of Commerce - to give a boost to India's struggling banking sector, HT reports.

India's pace of growth to accelerate in 2018-19: RBI Governor

22 Apr 2018

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.

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

17 Apr 2018

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.

Ahead of RBI policy meet, Sensex rises nearly 100 points

04 Apr 2018

Ahead of RBI policy meet, Sensex rises nearly 100 points

The BSE Sensex rose nearly 100 points in opening trade on Wednesday ahead of Reserve Bank of India's monetary policy review that begins today.

RBI: Repo rate remains unchanged at 6%; GVA growth-estimate slashed

04 Oct 2017

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.

RBI governor's term and tenure must be safeguarded: Rajan

09 Sep 2017

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.

99% demonetized Rs. 1,000 notes returned to RBI

28 Aug 2017

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.

Why can't you get new 200-rupee notes from ATMs yet?

26 Aug 2017

Why can't you get new 200-rupee notes from ATMs yet?

Those who had waited eagerly for the new Rs. 200 note to enter circulation may have been disappointed; It is now clear that these notes won't be available at ATMs for at least a week.

Photos of the new purported Rs. 50 note go viral

18 Aug 2017

Photos of the new purported Rs. 50 note go viral

Images of a purported new Rs. 50 note are doing the rounds on social media. There's no official confirmation of their veracity though.

RBI cuts interest rates, loans to get cheaper

02 Aug 2017

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.

Demonetization: Still counting number of returned notes, says Urjit Patel

13 Jul 2017

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.

Maharashtra government announces Rs. 34,000 crore farm loan waiver

24 Jun 2017

Maharashtra government announces Rs. 34,000 crore farm loan waiver

Maharashtra CM Devendra Fadnavis announced that his cabinet had agreed upon a Rs. 34,000 crore crop loan waiver for farmers.

Centre won't pay for farm loan waivers announced by states

13 Jun 2017

Centre won't pay for farm loan waivers announced by states

Union Finance Minister Arun Jaitley said the Centre won't pay for loan waivers announced by states for farmers.

Maharashtra farmers call off protests following farm loan waiver

11 Jun 2017

Maharashtra farmers call off protests following farm loan waiver

Following the Maharashtra government's announcement on farm loan waiver, the farmers have temporarily called off their protest.

RBI Monetary Policy Committee keeps repo rate unchanged at 6.25%

08 Jun 2017

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.

RBI to issue new Rs. 5, Rs. 10 coins

27 Apr 2017

RBI to issue new Rs. 5, Rs. 10 coins

The RBI will issue new Rs. 5 and Rs. 10 coins on the occasion of the 150th anniversary of Allahabad HC, and 125th year of the National Archives of India respectively.