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Shaktikanta Das reappointed as RBI governor
New Delhi: On Friday Shaktikanta Das was reappointed as Reserve Bank of India (RBI) governor for three more years, till December 2024. The cabinet appointments committee comprising Prime Minister Narendra Modi and Home Minister Amit...29 Oct 2021 1:00 AM GMT
RBI Keeps Repo Rate Unchanged At 4%, GDP Forecast Cut To 9.5% For FY22
According to the RBI governor, unlike the first wave, the impact of the second COVID-19 wave on economic activity is expected to be relatively contained as people and businesses are adapting to the changing conditions. The Reserve Bank of India (RBI) ...4 Jun 2021 3:38 AM GMT
Former RBI governor warns govt about another NPA mess ahead of Union Budget
New Delhi | Ahead of the Narendra Modi government’s Union Budget in Lok Sabha today, former Reserve Bank on India governor Urjit Patel has warned that the Union government’s idea of deploying public sector banks to kick start growth via...4 July 2019 11:26 PM GMT
Committee for RBI’s capital framework to be formed within a week: Govt Sources
The government and RBI are looking to reach at an agreeable solution with respect to relaxation of the PCA framework and easing of lending norms for the MSME sector. New Delhi| The RBI and the government have decided to form a committee to...20 Nov 2018 7:33 AM GMT
CIC serves show-cause notice to Urjit Patel; asks PMO to disclose the Raghuram Rajan list on bad loans
In harsh words, the CIC asked the RBI governor why he shouldn’t be facing the maximum penalty for “dishonouring” the SC verdict. New Delhi| The RBI vs Govt cold war has not yet subsided while another blow has hit the...5 Nov 2018 7:53 AM GMT
Why Urjit Patel may not resign despite rift with Modi and Co.
If Urjit Patel would have resigned, the confidence of foreign investors in the Indian Economy would take a serious hit. The shake-up in India’s apex financial institution RBI and the Modi government came to a defining turn on Wednesday as the...31 Oct 2018 3:03 PM GMT
Government cites never-used powers for resolving issues with RBI
New Delhi | The government has cited the never-before-used powers of issuing directions to RBI Governor to seek a resolution to differences with the central bank, sources with knowledge of the development said. The government has sent at least three l...31 Oct 2018 8:35 AM GMT
Is RBI governor Urjit Patel being pushed to resign?
Reportedly, the government officials were hurt that Viral Acharya chose to talk about the rift between government and RBI in public. As the financial crisis deepens in the country, the rift between the Modi government and the Reserve Bank of...31 Oct 2018 6:12 AM GMT