Urjit Patel

“It has been a pleasure to have been a part of the Board of the Company. Due to my new full-time work assignment starting next month, the attendant time constraint has compelled me to tender my resignation as an independent Director of Britannia Industries Ltd. from January 31, 2022," Patel said in a letter.

Ex-RBI Governor Urjit Patel appointed Vice President of AIIB

Patel has previously worked with the International Monetary Fund (IMF), Boston Consulting Group and Reliance Industries among other organisations.

Britannia appoints former RBI Governor Urjit Patel as additional director

Urjit Patel was the RBI Governor from September 2016 to December 2018, and was succeeded by Shaktikanta Das.

Great Eastern Shipping appoints former RBI Governor Urjit Patel as additional director

Before serving as the governor of the central bank, Patel was the deputy governor in charge of monetary policy.

Viral Acharya in new book: Urjit Patel’s exit caused by govt attempts to undermine RBI autonomy

In his book Quest for Restoring Financial Stability in India, Viral Acharya said 'RBI lost its governor on the altar of financial stability'.

Urjit Patel highlights issue of 'creeping banking sector fiscalisation' in his new book

As successive governments have found their capacity for further fiscal expansion becoming constrained, it has used the banks that it owns to fire up and pump-prime the economy; hence the term banking sector-fiscalization.

RBI neglected to take away the ‘punch bowl’ from the credit-binge ‘party’, says Urjit Patel in new book

In his book, Patel has elaborated on how excessive government ownership has weakened the government banks in the country

Do not reward wrongdoers by bestowing awards; do some background checks: Urjit Patel’s memo to financial media

The context here is the annual awards given by financial media houses to banks. The recipients, sometimes, include even those banks who have been fined by the RBI and other regulators, sometimes more than once, for rule violations.

Urjit Patel cautions on rising bank frauds, wants boards, managements to act

A look at the latest data of large banks shows a spike in the number of frauds and the money involved over the previous year. Subsequently, there is a corresponding rise in provisions made.

Analysis | Urjit Patel’s scathing attack on RBI, UPA for the NPA mess: 3 critical insights

Reasons for India’s NPA crisis are well known. However, this is probably the first time a former RBI governor has launched such a scathing attack on the central bank criticising the inefficiency and laxity to monitor the build-up of bad loans in the system.

How unsuitable bad debts in Indian banking sector blew up, Ex-RBI governor Urjit Patel explains in new book

The book, published by HarperCollins India, will be available to buy from July 31 on Amazon.

Former RBI governor Urjit Patel makes peace with government, to join as NIPFP Chairman

Beginning June 22, Patel will begin a four-year term as the Chairperson of the National Institute of Public Finance and Policy, a research body under the control of the ministry of finance.

India faces 5 uncertainties in COVID-19 outbreak, says ex-RBI governor Urjit Patel

The pandemic has exposed the vulnerability of the human race, senior advocate Harish Salve said.

'Hot' foreign capital not the answer; banking sector requires vigilance, says Urjit Patel

The former RBI governor has asked policymakers to be vigilant about the banking sector, which even before the coronavirus outbreak was stressed by high non-performing assets.

History behind, Shaktikanta Das-led RBI charts new trails sans acrimony

And 'the history graduate', as Das was parodied in his initial days, did not disappoint as the 25th governor of the central bank. He completed one year at the helm on December 12.

The parting shot | Viral Acharya, the Deputy Governor who spoke his mind

Known as someone who calls a spade a spade, the fearless RBI deputy chose not to play second fiddle to the Governor and instead make his own mark

Monetary Policy: Viral Acharya’s parting shot

The outgoing Deputy Governor warned that public sector borrowing is close to the levels seen during the ‘taper tantrum’

Glide path to solve NPA maths? RBI can give it a try

We all know how the inflation targeting framework set the gold standard to bring prices down. To stretch it a little further, why not apply it to break the back of the NPA problem? Over to RBI

RBI making u-turn, seen shifting to neutral in February, cutting rates by mid-year: Poll

Just a month ago, economists predicted rates would start rising next quarter. But they have flipped that outlook in the first survey taken since RBI Governor Urjit Patel's sudden resignation on December 10.

Capital buffer debate: Think tank says RBI under-capitalised by 5%

The study stressed that RBI is not over-capitalised and it needs to raise its capital ratio.

Not considering change in power of RBI over PSBs: Government informs Parliament

The stance of the government comes after former RBI Governor Urjit Patel claimed that the central bank didn't enjoy much power over public banks to stop or contain bank frauds

The Market Podcast: Apple's forecast cut, PM's revelation on Urjit Patel, and a lousy start to 2019

The Market Podcast gets you up to speed on all the important market action that transpired during the week in under five minutes.

No political pressure, Urjit Patel wanted to quit 6-7 months ago: PM Modi on former RBI governor

Patel resigned after a long tussle over policy with the government that raised concerns

RBI vs Govt in 2018: A 'husband-wife' relation that turned stormy

Many blamed the pressure brought by the government on the central bank to ease lending restrictions and release more of its capital to bolster the economy for Patel's resignation.

Opinion | The owls are taking flight and that’s not a good sign for India’s economy

The current RBI-government relationship was the result of a broad intellectual consensus that was based on evidence in the Indian context and defied easy ideological classification