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Urjit Patel to brief Parliamentary panel on demonetisation on June 8

Urjit Patel to brief Parliamentary panel on demonetisation on June 8

RBI Governor Urjit Patel's appearance before a parliamentary panel for a second briefing on demonetisation has been put off from May 25 to June 8, as work on framing the monetary policy would be underway at that time.

'RBI can't escape responsibility for bad loans of banks'

'RBI can't escape responsibility for bad loans of banks'

With its nominee Directors on boards of all the government-owned bank, the RBI cannot escape its responsibility for the huge non-performing assets of the banks, said a top union leader said here on MOnday.

Stock of Rs 500 and Rs 2,000 notes was kept ready before demonetisation: RBI Governor

Stock of Rs 500 and Rs 2,000 notes was kept ready before demonetisation: RBI Governor

The Reserve Bank had "kept ready" a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi.

Where would Apple, IBM be if not for talent from across globe: Urjit Patel

Where would Apple, IBM be if not for talent from across globe: Urjit Patel

Cautioning against protectionism, RBI Governor Urjit Patel has said where would giant American corporations like Apple, Cisco and IBM be if they had not sourced the best products and talent from across the world.

Parliamentary panel calls Urjit Patel again on note ban issue

Parliamentary panel calls Urjit Patel again on note ban issue

RBI Governor Urjit Patel has been asked by a parliamentary panel to appear before it again on May 25 over demonetisation issue after former prime minister Manmohan Singh prevailed over BJP MPs in the panel to call him.

'Merge govt, central bank budgets for better fiscal outcomes'

'Merge govt, central bank budgets for better fiscal outcomes'

An American economist has called for consolidating the central bank and government's budgets and balance sheets saying such a move can prevent sovereign default risks and ensure better fiscal and monetary outcomes.

Need a well capitalised banking sector to support economy: RBI Guv Urjit Patel

Need a well capitalised banking sector to support economy: RBI Guv Urjit Patel

Stating that liquidity has surged in the system post demonetisation, Patel said that RBI will continue to provide sufficient liquidity through LAF.

RBI Governor gets pay hike; monthly basic jumps to Rs 2.5 lakh

RBI Governor gets pay hike; monthly basic jumps to Rs 2.5 lakh

RBI Governor Urjit Patel and his deputies have got a big pay hike with the government more than doubling their basic salary to Rs 2.5 lakh and Rs 2.25 lakh per month, respectively.

Have developed thick skin to criticism; economy will make a “sharp V” recovery after drop

Have developed thick skin to criticism; economy will make a “sharp V” recovery after drop

Unfazed by criticism of the way demonetisation was handled, RBI governor Urjit Patel has said the central bank has grown a thick skin fast and stressed that the economy will make a “sharp V” recovery after a short drop.

It's important one grows a thick skin fast, says RBI Guv Urjit Patel

It's important one grows a thick skin fast, says RBI Guv Urjit Patel

Unfazed by criticism of the way the note ban was handled, RBI Governor Urjit Patel on Friday said the central bank has grown a thick skin fast doing its job and stressed that the economy will make a "sharp V" recovery after a short drop.

 

Collateral benefits of demonetisation will take a while to play out, says RBI Governor Urjit Patel

Collateral benefits of demonetisation will take a while to play out, says RBI Governor Urjit Patel

The Reserve Bank of India needs to look beyond the country's so far muted headline inflation figures, as it has committed to meeting a 4 percent inflation target, said its Governor Urjit Patel in a television interview on Friday.

RBI Governor nudges banks to reduce lending rates

RBI Governor nudges banks to reduce lending rates

RBI Governor Urjit Patel today exhorted banks to reduce their lending rates to push credit demand in laggard segments, saying banks have benefited from influx of low-cost deposits and its previous repo rate cuts.

 Economic Survey 2017: Developments around RBI Guv appointment impacted Indian market

Economic Survey 2017: Developments around RBI Guv appointment impacted Indian market

Developments surrounding the appointment of new RBI Governor were among the factors last year that weighed down on the Indian markets, according to the Economic Survey.

RBI Governor Urjit Patel reallocates DGs portfolios as Acharya takes charge

RBI Governor Urjit Patel reallocates DGs portfolios as Acharya takes charge

RBI Governor Urjit Patel has reallocated portfolios of Deputy Governors following assumption of charge by Viral V Acharya.

Cash flow to normalise soon: Urjit Patel

Cash flow to normalise soon: Urjit Patel

Reserve Bank of India Governor Urjit Patel on Friday is learnt to have said that cash flow in the country will normalise soon.

Manmohan Singh comes to rescue of RBI Guv, says he should not be put to odd questions

Manmohan Singh comes to rescue of RBI Guv, says he should not be put to odd questions

During the hearing, Manmohan Singh said that the central bank and the RBI Governor's position as an institution should be respected.

Demonetisation: When Manmohan Singh came to rescue of RBI Governor Urijit Patel

Demonetisation: When Manmohan Singh came to rescue of RBI Governor Urijit Patel

Reserve Bank Governor Urjit Patel Wednesday escaped possible grilling by a parliamentary committee over the demonetisation issue but for the intervention of former Prime Minister Manmohan Singh.

Demonetisation talks with government began in early 2016: RBI Governor Urjit Patel

Demonetisation talks with government began in early 2016: RBI Governor Urjit Patel

Urjit Patel met a parliamentary panel on finance Wednesday to answer questions about the country`s recent move to abolish 500 and 1,000 rupees notes.

RBI Governor Urjit Patel to brief parliamentary panel on demonetisation today

RBI Governor Urjit Patel to brief parliamentary panel on demonetisation today

Urjit Patel will brief a parliamentary panel about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch.

GST, note ban to have far reaching impact: RBI Governor

GST, note ban to have far reaching impact: RBI Governor

The Reserve Bank of India (RBI) governor Urjit Patel has expressed that Goods and Services The governor in his Financial Stability Report published by the RBI said that the withdrawal of specified bank notes will impart far reaching changes going forward.