Viral Acharya

Restoring banks' capital is critical for aiding a meaningful recovery, but there has been little focus on the matter, former RBI Deputy Governor Viral Acharya said.

The central bank and the government agreed in 2015 on a policy framework that stipulated a primary objective of ensuring price stability while keeping in mind the objective of growth. That framework is due for a review in early 2021.

The government has infused Rs 2.6 lakh crore ($34.7 billion) into state-run banks in the last three financial years, more than double that in the previous nine years, but there is no provision for capital infusion in the budget this year.

Former central banker Viral Acharya warned against the Reserve Bank of India monetizing the government's budget deficit, citing risks to inflation and external sector stability.

Viral Acharya left the RBI six months before the scheduled end of his term, citing personal reasons for his departure

Mr Acharya's boss at the central bank, Governor Shaktikanta Das, says a continuous and prolonged dependence on the government's capital infusion into banks can breed inefficiency.

Viral Acharya is leaving the Reserve Bank of India (RBI) on Tuesday, six months before the scheduled end of his term in office, citing personal reasons. The Reserve Bank of India (RBI) cut the repo rate to 5.75 per cent on June 6, its third cut in 2019, while also changing its policy stance to "accommodative," after data showed the economy growing ...

The outgoing RBI Deputy Governor said there are also efforts to boost developing complementary markets

The centre will soon start searching for a successor to central bank Deputy Governor Viral Acharya after the outspoken monetary policy maker asked to leave his post six months before his term ends.

Raising the issue of resignation of RBI Deputy Governor Viral Acharya, Kerala Congress (M) lawmaker Thomas Chazhikadan Tuesday alleged prominent economists are unable to work with the government as its policies are not in interest of the people.

A standoff over the government's intentions was temporarily resolved by pushing to a panel of experts the question of whether the RBI had excess capital and could return some of it to the finance ministry.

Viral Acharya had raised concerns about the RBI's independence in relation to the government in a public speech in October 2018

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...

The government and the RBI have been fighting for weeks over how much autonomy the bank should have as the administration of Prime Minister Narendra Modi seeks to reduce curbs on lending and to gain access to the RBI's surplus reserves.

Viral Acharya, who is in charge of the monetary policy department, warned of the wrath of the markets if the autonomy of a central bank is compromised.

Restoring banks' capital is critical for aiding a meaningful recovery, but there has been little focus on the matter, former RBI Deputy Governor Viral Acharya said.

The central bank and the government agreed in 2015 on a policy framework that stipulated a primary objective of ensuring price stability while keeping in mind the objective of growth. That framework is due for a review in early 2021.

The government has infused Rs 2.6 lakh crore ($34.7 billion) into state-run banks in the last three financial years, more than double that in the previous nine years, but there is no provision for capital infusion in the budget this year.

Former central banker Viral Acharya warned against the Reserve Bank of India monetizing the government's budget deficit, citing risks to inflation and external sector stability.

Viral Acharya left the RBI six months before the scheduled end of his term, citing personal reasons for his departure

Mr Acharya's boss at the central bank, Governor Shaktikanta Das, says a continuous and prolonged dependence on the government's capital infusion into banks can breed inefficiency.

Viral Acharya is leaving the Reserve Bank of India (RBI) on Tuesday, six months before the scheduled end of his term in office, citing personal reasons. The Reserve Bank of India (RBI) cut the repo rate to 5.75 per cent on June 6, its third cut in 2019, while also changing its policy stance to "accommodative," after data showed the economy growing ...

The outgoing RBI Deputy Governor said there are also efforts to boost developing complementary markets

The centre will soon start searching for a successor to central bank Deputy Governor Viral Acharya after the outspoken monetary policy maker asked to leave his post six months before his term ends.

Raising the issue of resignation of RBI Deputy Governor Viral Acharya, Kerala Congress (M) lawmaker Thomas Chazhikadan Tuesday alleged prominent economists are unable to work with the government as its policies are not in interest of the people.

A standoff over the government's intentions was temporarily resolved by pushing to a panel of experts the question of whether the RBI had excess capital and could return some of it to the finance ministry.

Viral Acharya had raised concerns about the RBI's independence in relation to the government in a public speech in October 2018

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...

The government and the RBI have been fighting for weeks over how much autonomy the bank should have as the administration of Prime Minister Narendra Modi seeks to reduce curbs on lending and to gain access to the RBI's surplus reserves.

Viral Acharya, who is in charge of the monetary policy department, warned of the wrath of the markets if the autonomy of a central bank is compromised.