Urjit Patel

Moves to dilute a new bankruptcy law caused disagreements between Prime Minister Narendra Modi's government and the central bank.

Shaktikanta Das, overseeing what was until recently the world's fastest-growing major economy, has worked tirelessly to restore relations with the government after a bitter public spat led his predecessor Urjit Patel to quit.

Former Reserve Bank of India Governor Urjit Patel quit last December after differences over transferring its reserves to the Union government, a member of a panel set up to study the central bank's capital framework has told NDTV.

India's bad loan problem slowly morphed into a full-blown crisis due to a lack of timely action by regulators and the government for several years until 2014, and it was largely driven by state-owned banks, former central bank governor Urjit Patel said.

Urjit Patel's presentation pointed out that in Indian banks, capital is low relative to NPAs when compared to global standards

Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), has resigned, citing "unavoidable personal circumstances". Mr Acharya, whose term was scheduled to end in February, conveyed his decision to the central bank in a letter. "Consequential action arising from his letter is under consideration of the Competent Authority," the RBI said i...

RBI interest rate: While many economists expect the six-member panel to announce a reduction in repo rate, analysts will keenly look out for any steps to prop up growth, after official data put India's GDP growth behind China's in the March quarter. Under its current governor, Shaktikanta Das, the central bank has cut the repo rate by 25 basis poi...

Under Governor Shaktikanta Das, who took over as RBI governor from Urjit Patel in December last year, the central bank delivered rate cuts at its previous two meetings, in February and April.

The Supreme Court Friday sought RBI''s response on two pleas seeking contempt proceedings against the central bank and its former Governor Urjit Patel for non-disclosure of information under RTI about some banks.

Former Finance Minister P Chidambaram today attacked the Centre over the exit of Urjit Patel and Raghuram Rajan from the RBI, saying that never have two RBI governors been humiliated and forced to quit, while speaking at a seminar in Mumbai.

Prime Minister Narendra Modi spoke to news agency ANI today on BJP's loss in assembly elections in five states, resignation of Urjit Patel from the Reserve Bank of India, demonetisation, among other important political and people issues.

Urjit Patel had wanted to resign for months because of "personal reasons", Prime Minister Narendra Modi said Tuesday, talking about the resignation of the former Reserve Bank of India governor in December amid speculation of a rift with the government. "He wrote to me personally," PM Modi said in an interview to news agency ANI.

Their first move, unveiled Thursday, is an innocuous - even laudable - infusion of 410 billion rupees ($5.9 billion) into troubled state-run lenders, bumping up this fiscal year's outlay for bank recapitalization by 63 percent to 1.06 trillion rupees.

Former prime minister Manmohan Singh on Tuesday said the relationship between the government and the RBI is like of "husband-wife" and the difference of opinions must be resolved in a manner that the two institutions work in harmony.

Finance Minister Arun Jaitley on Tuesday said the government did not seek resignation of Urjit Patel as RBI Governor over differences on some issues, and went on to cite how central bank heads were made to resign under prime ministers Jawaharlal Nehru and Indira Gandhi and when Yashwant Sinha was finance minister.

Moves to dilute a new bankruptcy law caused disagreements between Prime Minister Narendra Modi's government and the central bank.

Shaktikanta Das, overseeing what was until recently the world's fastest-growing major economy, has worked tirelessly to restore relations with the government after a bitter public spat led his predecessor Urjit Patel to quit.

Former Reserve Bank of India Governor Urjit Patel quit last December after differences over transferring its reserves to the Union government, a member of a panel set up to study the central bank's capital framework has told NDTV.

India's bad loan problem slowly morphed into a full-blown crisis due to a lack of timely action by regulators and the government for several years until 2014, and it was largely driven by state-owned banks, former central bank governor Urjit Patel said.

Urjit Patel's presentation pointed out that in Indian banks, capital is low relative to NPAs when compared to global standards

Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), has resigned, citing "unavoidable personal circumstances". Mr Acharya, whose term was scheduled to end in February, conveyed his decision to the central bank in a letter. "Consequential action arising from his letter is under consideration of the Competent Authority," the RBI said i...

RBI interest rate: While many economists expect the six-member panel to announce a reduction in repo rate, analysts will keenly look out for any steps to prop up growth, after official data put India's GDP growth behind China's in the March quarter. Under its current governor, Shaktikanta Das, the central bank has cut the repo rate by 25 basis poi...

Under Governor Shaktikanta Das, who took over as RBI governor from Urjit Patel in December last year, the central bank delivered rate cuts at its previous two meetings, in February and April.

The Supreme Court Friday sought RBI''s response on two pleas seeking contempt proceedings against the central bank and its former Governor Urjit Patel for non-disclosure of information under RTI about some banks.

Former Finance Minister P Chidambaram today attacked the Centre over the exit of Urjit Patel and Raghuram Rajan from the RBI, saying that never have two RBI governors been humiliated and forced to quit, while speaking at a seminar in Mumbai.

Prime Minister Narendra Modi spoke to news agency ANI today on BJP's loss in assembly elections in five states, resignation of Urjit Patel from the Reserve Bank of India, demonetisation, among other important political and people issues.

Urjit Patel had wanted to resign for months because of "personal reasons", Prime Minister Narendra Modi said Tuesday, talking about the resignation of the former Reserve Bank of India governor in December amid speculation of a rift with the government. "He wrote to me personally," PM Modi said in an interview to news agency ANI.

Their first move, unveiled Thursday, is an innocuous - even laudable - infusion of 410 billion rupees ($5.9 billion) into troubled state-run lenders, bumping up this fiscal year's outlay for bank recapitalization by 63 percent to 1.06 trillion rupees.

Former prime minister Manmohan Singh on Tuesday said the relationship between the government and the RBI is like of "husband-wife" and the difference of opinions must be resolved in a manner that the two institutions work in harmony.

Finance Minister Arun Jaitley on Tuesday said the government did not seek resignation of Urjit Patel as RBI Governor over differences on some issues, and went on to cite how central bank heads were made to resign under prime ministers Jawaharlal Nehru and Indira Gandhi and when Yashwant Sinha was finance minister.