Tag: Urjit Patel

Former RBI Governor Urjit Patel has been appointed as a Vice President of the Beijing-based multilateral funding institution AIIB, according to sources in the bank on Sunday.

Of the many things that demonetization has banished, a prominent and worrying one has been the credibility of Reserve Bank of India (RBI). For its management, its execution, its information sharing, its transparency, its rule making or the lack of them, the apex bank as an institution has received flak. The recent news of RBI […]

New Delhi: Downplaying Reserve Bank of India (RBI) Governor Urjit Patel’s resignation, Niti Aayog vice-chairman Rajiv Kumar on Tuesday said the central bank is a professional institution and is not dependent on one individual. “RBI is such a professional institution, a long standing institution that the business will continue. It’s not as if it is […]

New Delhi: The Reserve Bank of India (RBI) Governor Urjit Patel resigned from his post on Monday with immediate effect, citing “personal reasons”, setting of a major crisis in India’s politico-economic sphere. Patel’s resignation comes in the backdrop of the ongoing tiff between the government and the central bank over the liquidity and credit crunch […]

New Delhi: A parliamentary panel has called RBI Governor Urjit Patel on May 17 to answer queries on banking frauds and the powers that the central bank needs for better regulation of public sector banks (PSBs). Sources said the decision was taken at a meeting of the Standing Committee on Finance, headed by Congress’ M. […]

Mumbai: The BSE benchmark Sensex dropped over 200 points Wednesday amid rising tension between the Reserve Bank of India and the government. Investor sentiment turned weak in early session on reports that the government may invoke certain provisions to issue directions to the central bank. The BSE Sensex turned choppy after opening higher, and was […]

New Delhi: Reserve Bank of India (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. The Standing Committee on Finance, which had questioned Patel on January […]

The appointment of Odisha born retired Tamil Nadu cadre IAS officer Shaktikanta Das as the Reserve Bank of India (RBI) Governor a day after the sudden and unexpected resignation of Urjit Patel, who still had nine month of his three-year term left, appears to have riled a lot of people. Given the unseemly tug of […]