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India Inc loan write-offs at Rs 1.18 L cr, farm waivers Rs 10,000 cr

RBI governor Urjit Patel has been consistently highlighting the impact farm loan waivers not just on bank balance-sheets but also on the national balance-sheet
DNA

RBI to pay Rs 50,000 crore dividend to govt for FY18, in line with Budget estimate

The RBI today decided to pay Rs 50,000 crore as dividend to government in line with the Union Budget provisions, helping the Centre stick to its fiscal roadmap. The Reserve Bank, which follows..
DNA

Videos for "Urjit Patel"

RBI's Patel Says Rates Increased to Curb Inflation: Statement [Video]RBI's Patel Says Rates Increased to Curb Inflation: Statement

Aug.01 -- Reserve Bank of India Governor Urjit Patel speaks at a briefing in Mumbai about the decision by India's central bank to raise its benchmark interest rate to the highest in two years as it..

Bloomberg Global Business -

Citigroup Says PBOC Has More Flexibility to Let Yuan Weaken [Video]Citigroup Says PBOC Has More Flexibility to Let Yuan Weaken

Aug.01 -- David Lubin, head of emerging-market economics at Citigroup, discusses the outlook for the yuan as Reserve Bank of India Governor Urjit Patel said at a briefing in Mumbai that he sees a real..

Bloomberg Global Business -

 

DNA MONEY EXCLUSIVE: Centre to bring back FRDI Bill in new form

The government will bring back the Financial Resolution and Deposit Insurance (FRDI) Bill for financial institutions in a new form, Department of Economic Affairs (DEA) secretary Subhash Chandra Garg..
DNA

Urjit Patel says it's not economists job to forecast crises but to explain how mankind behaves

Economists badly criticised for the 2008 global financial crisis saying they had failed to predict the catastrophe on time.
Firstpost

Blaming economists for ills plaguing economy is "patently unfair" says RBI Gov Urjit Patel


Sify

Acute shortage of data on unorganised sector: Patel

RBI governor Urjit Patel has said that there is an acute information deficit regarding the unorganised sector in India, despite its significant role in employment generation. The governor was..
IndiaTimes

Currency war talk may just be sabre-rattling, says Experts

After hiking rates by 0.25% for the second consecutive time Reserve Bank of India (RBI) governor Urjit Patel said the trade skirmishes evolved into tariff wars and we are possibly at the beginning of..
DNA

RBI governor warns of trade wars turning into currency battles

Reserve Bank of India (RBI) governor Urjit Patel on Wednesday warned that ongoing trade wars might escalate into currency wars, leading to more volatility in financial markets.
IndiaTimes

Consecutive repo rate hikes may slow recovery, warn economists

Economists see the GDP growth forecast of 7.4% by the Reserve Bank of India (RBI) for the current fiscal as optimistic. Most of them believe growth recovery this year could be "shallow" due to..
DNA

RBI, govt bullish on growth, differ on inflation

Reserve Bank of India (RBI) agreed with the government that the Indian economy would grow at 7.4% for 2018-19 but has different views on inflation. RBI governor Urjit Patel did not think it is time..
DNA

EMIs set to rise, but FDs may yield more

Your equated monthly instalments (EMIs) may go up marginally after the Reserve Bank of India (RBI) hiked the rate at which it lends to banks fearing that inflation would choke growth in the economy...
DNA

From Mamata Banerjee meeting the Gandhis to to RBI hiking key policy rate: Top 5 evening reads

-*Mamata Banerje meets Sonia and Rahul Gandhi at 10 Janpath, says first priority to remove BJP*- On Wednesday, West Bengal CM Mamata Banerjee met UPA chairman Sonia Gandhi and Congress president..
DNA

RBI hikes interest rate by 25 bps to 6.50% for second time in two-month on inflationary concerns

The 6-member Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel kept its stance at neutral.
Firstpost

RBI monetary policy updates: We are at the beginning of a currency war, says Governor Urjit patel

Shares extended gains early Wednesday to record level before reversing course to trade little changed ahead of RBI monetary policy decision
Firstpost

RBI policy: Urjit Patel and Co. are looking to keep inflation on a short leash; the show isn't over as yet

Going ahead, the inflation trajectory will hold the key for monetary policy formulation, as concerns on growth have clearly taken a backseat.
Firstpost

RBI retains GDP growth at 7.4% in FY19

[India], Aug 1 (ANI): The Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday said that Monetary Policy committee (MPC) has projected the GDP growth at 7.4% for this fiscal year as in the
Sify

DNA Mumbai Anniversary: The outstanding economic contributors in finance ministry and banking sectors

In the years DNA has been around, the country has seen many economic peaks and troughs steered by leaders in finance ministry and banking sector. These years saw economic growth zoom past 9% with..
DNA

Reserve Bank of India has wide ranging powers to deal with various situations banks face, says government

RBI Governor Urjit Patel in his presentation before the Parliamentary Standing Committee on Finance had last week pitched for more powers saying that the central bank has "inadequate" control..
Firstpost

RBI to issue new Rs 100 notes shortly

The new Rs 100 notes will bear the signature of the Reserve Bank governor Urjit Patel. The RBI said that the printing and supply of Rs 100 notes for distribution to public through the banking channel..
IndiaTimes

Piyush Goyal says govt open to give more powers to Reserve Bank of India in regulating public sector banks

Following criticism that RBI also has to be blamed for the biggest financial scam in the country--the Rs 13,500-crore PNB scam--governor Urjit Patel had blamed it on the lack of powers the central bank..
Firstpost

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