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RBI governor Urjit Patel gets Rs 2 lakh salary per month, no support staff at residence

RBI governor Urjit Patel gets Rs 2 lakh salary per month, no support staff at residence

The Central Bank informed that Urjit Patel who was on August 20 named as RBI's Governor to succeed Raghuram Rajan takes home a salary of Rs 2 lakh per month and has not been provided with any support staff at his residence.

'Raghuram Rajan too may have cut interest rate like Urjit Patel did'

'Raghuram Rajan too may have cut interest rate like Urjit Patel did'

Flamboyant former Reserve Bank Governor Raghuram Rajan too may have cut interest rates like his successor Urjit Patel did at his every first monetary policy review, said rating agency Fitch.

Centre keeps RBI Governor's appointment details wrapped in secrecy

Centre keeps RBI Governor's appointment details wrapped in secrecy

The Centre has declined to share details on appointment of RBI Governor Urjit Patel and other candidates shortlisted for the top post in the central bank saying these are "cabinet papers" and cannot be made public.

Urjit Patel warns of risks from Brexit, US elections

Urjit Patel warns of risks from Brexit, US elections

India and fellow BRICS countries need to be prepared to confront potential "political risk" events such as Britain`s exit from the European Union and the U.S. presidential elections, Reserve Bank of India Governor Urjit Patel warned on Thursday.

Markets price in more easing by RBI, see risk in policy shift

Markets price in more easing by RBI, see risk in policy shift

The Reserve Bank of India has embarked on a significant but potentially risky shift towards greater tolerance of higher inflation under new governor Urjit Patel, prompting markets to price in another rate cut.

Home, auto loans set to be cheaper as RBI new Governor Urjit Patel cuts interest rates by 0.25%

Home, auto loans set to be cheaper as RBI new Governor Urjit Patel cuts interest rates by 0.25%

In the first monetary policy review under RBI Governor Urjit Patel, the interest rate was today cut by 0.25 percent to six-year low of 6.25 percent in a unanimous decision by the new rate-setting panel MPC.

RBI Governor Urjit Patel offers festive gift to borrowers, cuts interest rates by 0.25%

RBI Governor Urjit Patel offers festive gift to borrowers, cuts interest rates by 0.25%

The newly-constituted Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel on Tuesday cut repo rate by 0.25 percent in its maiden policy review which is likely to make home and auto loans cheaper.

RBI Governor Urijit Patel to present maiden monetary policy today

RBI Governor Urijit Patel to present maiden monetary policy today

Moving away from the usual practice of announcement at 11 am, the fourth bi-monthly monetary policy review would be made public at 2:30 pm after the MPC meeting.

RBI Governor Urijit Patel to present maiden monetary policy next week; investors keen for his views

RBI Governor Urijit Patel to present maiden monetary policy next week; investors keen for his views

A month into the job, Reserve Bank of India new Governor Urijit Patel will on Monday and Tuesday chair his maiden policy review.

New RBI chief Urjit Patel and monetary policy committee face close call on rates

New RBI chief Urjit Patel and monetary policy committee face close call on rates

A month into the job, India`s new central bank governor will on Monday and Tuesday chair his maiden policy review, which for the first time will see a committee set interest rates, though views are divided on whether there will be any change this time round.

Rajan returns to academia; to teach international corp finance

Rajan returns to academia; to teach international corp finance

Having returned to his "ultimate home", former RBI Governor Raghuram Rajan has resumed his role as 'Distinguished Service Professor of Finance' at the University of Chicago Booth School of Business and would teach international corporate finance there in winter of 2017.

New lending norms may nudge banks towards retail loans: SBI

New lending norms may nudge banks towards retail loans: SBI

 Stringent RBI norms proposed for corporate lending are expected to nudge banks towards consumer loans, SBI Chairperson Arundhati Bhattacharya has said while reiterating that there is no bubble in the retail segment.

 RBI detects 200 odd illegal entities duping public

RBI detects 200 odd illegal entities duping public

Around 200 entities having operations in West Bengal and have been collecting deposits in an unauthorised manner are under the scanner of the Reserve Bank of India.

Hope India will continue to prioritise low inflation: Raghuram Rajan

Hope India will continue to prioritise low inflation: Raghuram Rajan

Former RBI Governor Raghuram Rajan, whose tenure at the central bank ended this month, hopes the process of cleaning up banks in the country will be finished and government will continue to prioritise "low inflation", even as he warned against low interest rates globally.

Urjit Patel takes charge of RBI as new Governor

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Raghuram Rajan warns against low rates worldwide

Raghuram Rajan warns against low rates worldwide

Maharashtra: India`s outgoing Central Bank Chief Raghuram Rajan warned countries against a rush to low interest rates as his tenure as governor of the Reserve Bank of India came to an end. 

As Raghuram Rajan departs, RBI opens door to Islamic finance

As Raghuram Rajan departs, RBI opens door to Islamic finance

The Reserve Bank of India (RBI) has proposed working with the government to introduce interest-free banking to tackle financial exclusion for religious reasons, potentially opening Islamic finance to the largest Muslim minority population in the world.

Raghuram Rajan: The 'rockstar' central banker who rocked too many boats

Raghuram Rajan: The 'rockstar' central banker who rocked too many boats

As Mint Street readies for a new sheriff, the three-year tenure marked with numerous controversies ended on Sunday for Raghuram Rajan — who sacrificed economics for electrical engineering in college and ended up doing a 'deep surgery' of banks while at RBI.

Urjit Patel checks in at RBI to complete Rajan's 'deep surgery'

Urjit Patel checks in at RBI to complete Rajan's 'deep surgery'

Urjit Patel, the new Governor of RBI who has maintained a contrasting low-profile to outspoken and rockstar-like Raghuram Rajan, has his immediate task cut out -- finishing the 'unfinished agenda' of his predecessor on completing 'deep surgery' of banks and winning the war on inflation.

 FPIs stay bullish on equities; pump in Rs 9,000 crore in August

FPIs stay bullish on equities; pump in Rs 9,000 crore in August

Overseas investors infused over Rs 9,000 crore into the country's equity markets in August, driven by global and domestic factors.