Urjit Patel

RBI Governor Asked To Appear Before Parliamentary Panel On Bank Scams

India News | Edited by Debanish Achom (with inputs from PTI) | Tuesday April 17, 2018

A parliamentary panel has asked Reserve Bank of India Governor Urjit Patel to appear before it on May 17 to clarify on recent banking scams, people familiar with the matter said. The standing committee on finance, headed by Congress leader M Veerappa Moily, today raised queries about the banking sector with financial services secretary Rajiv Kumar

RBI Policy Highlights: Urjit Patel Says Structural Reforms Expected To Reinforce Growth Potential

Business | NDTV Profit Team | Thursday April 5, 2018

The Reserve Bank of India on Thursday kept the repo rate steady in its first bi-monthly monetary policy statement for the new financial year 2018-19.

Here Are The Biggest Banking Frauds Witnessed In FY18

Business | NDTV Profit Team | Tuesday March 27, 2018

It has not been a good year for the banking sector. As top lenders of the country - SBI, PNB and Canara Bank - uncovered banking frauds, one after another, customers and investors lost their trust in financial institutions while the government and the central bank exchanged a war of words. The government asked the Reserve Bank of India to fulfil i...

Opinion: Dissecting Urjit Patel's Outburst - He Has A Point

Opinion | Indrani Dattagupta | Tuesday March 20, 2018

While weaker market discipline at state-run banks is debatable, the problem of weak corporate governance, or self-discipline, isn't. It is this weakness that Mr. Patel hopes to overcome with tighter regulation.

Ready To Be "Neelakantha", Drink Poison To Clean System: RBI Chief

India News | Press Trust of India | Wednesday March 14, 2018

Expressing deep anguish over a spate of banking frauds, RBI Governor Urjit Patel said today that like the "Neelakantha", the central bank will consume poison and face brickbats, but will persist with endeavours to become better with each trial.

RBI Willing To 'Consume Poison' To Clean Credit Culture, Says Urjit Patel: 10 Points

Business | NDTV Profit Team | Wednesday March 14, 2018

Feeling anger and pain over the recent Rs 13,000 crore alleged Punjab National Bank (PNB) fraud, Reserve Bank of India (RBI) said on Wednesday that it is determined to clean the banking space even if it faces brickbats. Governor Urjit Patel also defended RBI's role in the matter saying that the central bank has "very limited authority" over state-r...

RBI Has Limited Authority Over State-Run Banks, Says Governor

Business | Thomson Reuters | Wednesday March 14, 2018

RBI Governor Urjit Patel defended the central bank's role in the aftermath of the Punjab National Bank fraud case

RBI Governor Urjit Patel, Deputy Viral Charya Said This On Inflation In MPC Meet

Business | NDTV Profit Team | Thursday February 22, 2018

The RBI governor Urjit Patel said that there are several upside risks to inflation, especially from the staggered impact of HRA increases by various state governments

Budget Slippage Worrying RBI, Minutes Show

Business | Anirban Nag, Bloomberg | Thursday February 22, 2018

The RBI's neutral stance earlier this month brought relief to the bond market, which has endured the worst sell-off in two decades.

RBI Panel Concerned About Rising Inflation, Show Minutes

Business | Thomson Reuters | Wednesday February 21, 2018

The minutes released on Wednesday showed widespread concerns among the six MPC members about inflation, which accelerated to a 17-month high of 5.21% in December from a year earlier.

RBI, Sebi Need To Take Cognisance Of Market Volatility, Says Urjit Patel

Business | Press Trust of India | Saturday February 10, 2018

Between February 1-9, the BSE Sensex had shed around 1,900 points. The other index, NSE Nifty shed over 500 points during the same period.

No Worries About Fiscal Slippages, Rising Oil Prices, Says Arun Jaitley

Business | Press Trust of India | Saturday February 10, 2018

"As far as fiscal situation is concerned, I see next year to be more comfortable as far as revenues are concerned," said the finance minister.

5 Levies On Capital Impact Investments And Savings, Says Urjit Patel

Business | Press Trust of India | Wednesday February 7, 2018

The government proposal in Union Budget 2018-19 to impose 10 per cent LTCG tax on holding a security for over a year has not gone down well with the stock investor community.

RBI Keeps Key Lending Rate Unchanged At 6%, Cautions On Inflation

Business | Thomson Reuters | Wednesday February 7, 2018

The decision came after surging oil and food prices pushed the annual consumer inflation to a 17-month high of 5.21% in December.

RBI Monetary Policy Highlights: Repo Rate Kept Unchanged At 6%

Business | NDTV Profit Team | Wednesday February 7, 2018

The central bank held the repo rate unchanged. The Reserve Bank of India's policy announcement is the first after the release of Budget 2018 and comes amid a turmoil in global financial markets.