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RBI Governor Urjit Patel News

05 Sep 2017

One year of Urjit Patel as RBI Governor: Key highlights from his tenure

Here are the landmark decisions of Urjit Patel's during his year-long tenure as RBI Governor.

19 Aug 2017

NPA resolution: RBI chief calls for recapitalisation of banks

Reserve Bank Governor Urjit Patel on Saturday called for recapitalisation of state-run banks to help them resolve the NPAs issue in a time-bond manner as bad loans at 9.6 percent of the system is not acceptable.

Infosys co-founder Nandan Nilekani

08 Aug 2017

Big data to address problems of jobs, growth: Nandan Nilekani

Big data refers to huge complex number sets that are not easily dealt with by traditional processing application software. It faces challenges like capturing data, storage and data analysis.

RBI Governor Urjit Patel

02 Aug 2017

Rate cut to boost private investment, resolve debt overhang: Urjit Patel

RBI Deputy governor Viral B Acharya chipped in saying that addressing the twin balance sheets problem remains the RBI's top priority at the moment as this will help reinvigorate private investments.

02 Aug 2017

States' farm loan waivers may result in fiscal slippages: RBI

India's largest state by population Uttar Pradesh, along with Punjab, Maharashtra, and Karnataka are among the states that have announced loan waivers for farmers.

02 Aug 2017

RBI aims to keep retail inflation near 4% on 'durable basis'

The RBI's Monetary Policy Committee (MPC) on Wednesday decided to reduce the repo rate -- at which it lends to banks -- by 0.25 percent to 6 percent.

02 Aug 2017

RBI rate cut important step for sustained growth: Finance Ministry

The government has taken note of the statement of the Monetary Policy Committee (MPC) and its assessment of the inflation and growth outlook, he added.

Monetary Policy Committee

23 Jul 2017

MPC members to get Rs 1.5 lakh per meet,disclose assets every year

The members appointed by the government would "receive a remuneration of Rs 1,50,000 for devoting time and work for each meeting of the committee. Which they attend and other expenses relating to air travel, local transportation and accommodation as may be decided by the central board from time to time," as per the regulations.

23 Jul 2017

RBI to lease currency verification systems to weed out fakes

As per the tender document, the currency notes of all denominations received at regional office of the RBI would have to be processed at a minimum speed of 30 notes per second.

Reserve Bank of India

17 Jul 2017

RBI skips June 30 asset liability nos, to be announced later

"The figures for Friday, June 30, 2017 will be published as part of RBI's Balance Sheet in August 2017 in the Annual Report of the bank," RBI said in its latest statistical supplement.

02 Jun 2017

RBI Governor Urjit Patel calls on Jaitley before monetary policy review

Ahead of the next monetary policy review, Reserve Bank Governor Urjit Patel on Friday called on Finance Minister Arun Jaitley and believed to have discussed various macro-economic issues.

12 May 2017

RBI governor, FinMin officials discuss NPA resolution issues

Besides RBI governor, Financial Services Secretary, other senior officials of finance ministry and RBI were present in the meeting.

23 Nov 2016

Is RBI governor Urjit Patel married to Nita Ambani's sister? Know the truth

According to the ‘viral’ social media gossip, Urjit Patel is married to Nita Ambani’s sister --but is it true?

14 Sep 2016

Softening trend in inflation leaves door open for rate cut: DBS

The RBI may consider chopping interest rate in the coming three months as inflation may slip below 5 per cent during September-December period, before inching up in the following quarter, says a report.

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