New Rbi Governor

RBI Says New Rs 50 Notes Coming Shortly: Five Things To Know

Edited by Prashun Talukdar | Sunday August 20, 2017

The new Rs 50 notes will be in the Mahatma Gandhi (New) Series, bearing signatures of RBI governor Urjit R Patel, the central bank said in a press release.

RBI Reallocates Deputy Governor Portfolios After Retirement Of SS Mundra

Thomson Reuters | Tuesday August 1, 2017

The rejigged portfolios could be temporary until the Indian government names a new deputy governor to replace Mundra.

Reserve Bank To Issue New Rs 20 Notes Soon

Press Trust of India | Wednesday July 19, 2017

The new notes will be bearing inset letter 'S' in the number panel and signature of Governor Urjit R Patel, the RBI said in a notification.

In RBI's Spat With New Delhi, Reform Is The Victim

Opinion | Mihir Sharma, Bloomberg | Thursday June 15, 2017

During the Reserve Bank of India's press conference last week, one exchange stood out. Asked about a meeting scheduled by the federal Ministry of Finance in New Delhi to discuss the RBI's policy, the governor of India's central bank, Urjit Patel, replied: "The meeting did not take place. All the MPC members declined the request of the finance minis...

Stock Of Rs 500, Rs 2000 Notes Was Ready Before Note Ban: RBI Governor Urjit Patel

India News | Press Trust of India | Friday April 28, 2017

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.

Soon, RBI To Issue New Rs 10 Notes With Enhanced Security Features

India News | NDTV News Desk | Thursday March 9, 2017

The Reserve Bank of India will soon issue Rs 10 denomination notes with enhanced security features for circulation. The RBI today said the banknotes in the Mahatma Gandhi series-2005 are to carry inset letter 'L' on both number panels, bearing the signature of Governor Urjit Patel.

New 10 Rupee Note Coming Soon, To Have More Security Features

Press Trust of India | Friday March 10, 2017

The RBI today said the banknotes in the Mahatma Gandhi series-2005 are to carry inset letter 'L' on both number panels, bearing the signature of Governor Urjit Patel.

'Try Tough Love': New RBI Deputy Governor Viral Acharya On Bad Loans

Nupur Acharya, Anirban Nag, Bloomberg | Wednesday February 22, 2017

The RBI deputy governor said it's not clear if so many public sector banks were needed and the system will be better off if they are consolidated into fewer but healthier banks.

RBI To Soon Put New Rs 100 Banknotes In Circulation

Press Trust of India | Friday February 3, 2017

"The Reserve Bank will shortly issue Rs 100 denomination banknotes in the Mahatma Gandhi Series-2005, with the inset letter R in both the number panels, bearing the signature of Dr Urjit R Patel, Governor, Reserve Bank of India," RBI said in a notification.

Amid Controversy Over Urjit Patel, A New Deputy Arrives at RBI

Anirban Nag, Bloomberg | Friday January 20, 2017

Viral Acharya will take a seat on the India's newly formed Monetary Policy Committee, which has in the past two meetings voted unanimously to cut interest rates in October and then to hold rates in December.

Summoned To Explain Notes Ban, Here's What RBI Governor Urjit Patel Said

India News | Reported by Rahul Shrivastava, Sunil Prabhu | Wednesday January 18, 2017

Urjit Patel, the Governor of the Reserve Bank of India, today told a parliamentary committee that since the notes ban was introduced in November, 9.2 lakh crores (about $135 billion dollars) of new currency notes have been introduced to help replace the bills that were abolished. He also established that "The proposal to ban Rs 500- and 1000-rupee ...

Rockstar In RBI: Deputy Governor Viral Acharya Is Also A Musician

Thursday December 29, 2016

The 42-year-old Dr Acharya, an IIT Bombay graduate who taught at the Stern School of Business in New York University for the last eight years, is also a music composer who has released an album of romantic Hindi songs.

Viral Acharya, New Reserve Bank Deputy Governor, Has An Impressive CV

Wednesday December 28, 2016

Dr Acharya has written extensively on issues related to Bankruptcy Codes, inter-bank market liquidity and asset price bubbles.

Issued Notes Worth Rs 4.27 Lakh Crore Post-Demonetisation: RBI

Press Trust of India | Thursday December 8, 2016

The RBI said that it "will shortly" issue Rs 500 denomination banknotes in the Mahatma Gandhi (New) Series, without any inset letter, bearing signature of Governor Urjit R Patel.

Demonetisation Not Done In Haste, Says RBI Governor Urjit Patel

Press Trust of India | Wednesday December 7, 2016

The demonetisation decision was taken after detailed deliberations and not in haste, while nearly Rs 11.85 lakh crore or 80% of junked notes have come back into the system, RBI said promising to maintain steady supply of new currency to ease cash crunch.

Almost $170 Billion In Old Notes Deposited In Banks, Says Reserve Bank

Wednesday December 7, 2016

The central bank said almost Rs 11.55 lakh crore in old notes has been deposited back in the system.

March 2017 Deadline For Bank Cleanup Still 'Stands': RBI Deputy Governor

Thomson Reuters | Tuesday November 15, 2016

The March 2017 deadline had been set by the previous RBI governor, Raghuram Rajan, but bankers and analysts had speculated whether the central bank under new Governor Urjit Patel would be open to extending it.

Top Secret: How PM Narendra Modi's Cash Ban Was Planned And Executed

India News | Agencies | Thursday November 10, 2016

On Tuesday night, when Prime Minister Narendra Modi announced the shock withdrawal of 500 and 1,000 rupee notes circulation, just a handful of people were not surprised.

Monetary Policy Committee: Vigilance Clearance Awaited For New Members

Press Trust of India | Sunday September 25, 2016

The all-powerful Monetary Policy Committee's first rate decision on October 4 hinges on vigilance clearance for the government-nominated three independent economists coming in time.

New Monetary Policy Committee Members - Factbox

Thomson Reuters | Thursday September 22, 2016

The government on Thursday picked three economists from the academic world for a new monetary policy committee to set interest rates, as the Reserve Bank of India (RBI) gets ready for a landmark switch in the way it decides policy.

Government Names Three Independent Economists For RBI's Monetary Policy Panel

Thomson Reuters | Thursday September 22, 2016

The government has picked three economists from the academic world for a new monetary policy committee to set interest rates, as the Reserve Bank of India gets ready for a landmark switch in the way it decides policy.

India To See Gradual Growth, RBI To Be On Easing Path: Morgan Stanley

Press Trust of India | Monday September 19, 2016

Emerging market growth is expected to improve to 4.7 per cent in 2017 from four per cent this year as more economies, including India, will transition towards gradual recovery, says a Morgan Stanley report.

Retail Inflation Hits Five-Month Low, Raises Hopes Of Rate Cut

Reuters | Monday September 12, 2016

Consumer inflation in the country fell to a five-month low in August helped by smaller rises in food prices, raising hopes of an interest rate cut next month when the Reserve Bank of India's new governor Urjit Patel presents his first policy review.

Inflation Falls Sharply, Opens Door For Urjit Patel To Cut Rates; Factory Output Shrinks

Monday September 12, 2016

The drop in inflation has stoked hopes of a rate cut from Reserve Bank in coming months, if softening food prices bring down inflation further, say economists.

August Retail Inflation Seen Easing After Good Rainfall

Reuters | Monday September 12, 2016

Consumer inflation is expected to have eased to a four-month low in August, helped by smaller rises in food prices, but it likely remains too high for a rate cut next month when the central bank's new governor presents his first policy review.

RBI Reallocates Deputy Governor Portfolios

Reuters | Tuesday September 6, 2016

The Reserve Bank of India's senior most deputy governor, R Gandhi, has been given the charge of its monetary policy department, including the forecasting and modeling unit, which was earlier under new governor Urjit Patel.

Urjit Patel Begins Innings As RBI Chief In 'Low-Key' Style

Indo-Asian News Service | Tuesday September 6, 2016

In keeping with the low-key style he is known for, the Reserve Bank of India's new governor, Urjit Patel, began his first working day on Tuesday away from media spotlights, unlike the practice followed by central bank governors in the past. There were no milling photographers at the "handover".

Change Of Guard At RBI: Urjit Patel's Tenure Begins

Press Trust of India | Tuesday September 6, 2016

In a low-key affair, Urjit Patel has begun his innings as Reserve Bank's new Governor with a private off-media 'handover' ceremony -- a marked departure from his predecessor Raghuram Rajan announcing big-bang reforms on his first day itself three years ago.

Hope India Will Continue To Prioritise Low Inflation: Raghuram Rajan

Press Trust of India | Tuesday September 6, 2016

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.

Lower Rates No Substitute For Broader Policy Reforms: Raghuram Rajan

Press Trust of India | Monday September 5, 2016

Warning against low interest rates, the Reserve Bank of India's departing governor Raghuram Rajan has said such measures by central banks cannot substitute other policy instruments and broader reforms and expressed hope that his successor will finish the process of cleaning bank balance sheets.