Apr 01, 2021 08:29 AM IST
Urjit Patel was the RBI Governor from September 2016 to December 2018, and was succeeded by Shaktikanta Das.
- Jul 30, 2020 10:23 PM IST
Before serving as the governor of the central bank, Patel was the deputy governor in charge of monetary policy.
- Jul 27, 2020 05:17 PM IST
In his book Quest for Restoring Financial Stability in India, Viral Acharya said 'RBI lost its governor on the altar of financial stability'.
- Jul 24, 2020 03:38 PM IST
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.
- Jul 24, 2020 01:34 PM IST
In his book, Patel has elaborated on how excessive government ownership has weakened the government banks in the country
- Jul 24, 2020 12:32 PM IST
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.
- Jul 24, 2020 12:10 PM IST
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.
- Jul 20, 2020 12:11 PM IST
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.
- Jul 05, 2020 12:45 PM IST
The book, published by HarperCollins India, will be available to buy from July 31 on Amazon.
- Jun 19, 2020 06:01 PM IST
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.
- May 11, 2020 01:04 PM IST
The pandemic has exposed the vulnerability of the human race, senior advocate Harish Salve said.
- Apr 06, 2020 12:54 PM IST
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.
- Dec 31, 2019 09:58 AM IST
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.
- Jul 25, 2019 12:49 PM IST
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
- Jun 24, 2019 10:44 AM IST
The outgoing Deputy Governor warned that public sector borrowing is close to the levels seen during the ‘taper tantrum’
- Jun 18, 2019 03:17 PM IST
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
- Jan 24, 2019 05:15 PM IST
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.
- Jan 24, 2019 04:36 PM IST
The study stressed that RBI is not over-capitalised and it needs to raise its capital ratio.
- Jan 08, 2019 06:28 PM IST
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
- Jan 04, 2019 04:30 PM IST
The Market Podcast gets you up to speed on all the important market action that transpired during the week in under five minutes.
- Jan 01, 2019 06:04 PM IST
Patel resigned after a long tussle over policy with the government that raised concerns
- Jan 01, 2019 11:15 AM IST
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.
- Dec 27, 2018 12:43 PM IST
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
- Dec 26, 2018 11:10 AM IST
In the meantime, the sector continued to sit on the mount of NPAs even as efforts continued in courts and tribunals and other forums for recovery of stressed assets, further confounded by defaulting promoters of defaulting corporates coming back to reclaim their assets when they were put on sale by aggrieved lenders.
- Dec 19, 2018 09:15 PM IST
All six members of the Monetary Policy Committee (MPC) had voted for keeping the key benchmark rate unchanged, said the Minutes of the MPC meeting released by the Reserve Bank on Wednesday.