Parl panel summons RBI Governor Urjit Patel on banking crisis
New Delhi: A parliamentary panel has called Reserve Bank Governor Urjit Patel on May 17 to answer queries on a spate of banking scams unearthed in the last few months, sources said. The Standing Committee on Finance, headed by veteran...
RBI slashes the Repo Rate by 0.25 percent; Loans anticipated to get cheaper
New Delhi: In its third bi-monthly monetary policy review, the Reserve Bank of India today declared a 0.25 percent cut in the Repo rate- the rate at which the central bank lends short-term money to banks. Bringing the Repo rate...
Cash crunch will ease soon, RBI Governor tells PAC
New Delhi: Reserve Bank of India Governor Urjit Patel on Friday told the Public Accounts Committee that the cash crunch in the country post the November 8 demonetisation drive will normalise with the passage of time. Sources said the central banking...
RBI Governor to clear stand on demonetisation before finance panel today
New Delhi: Reserve Bank of India Governor Urjit Patel is likely to appear before the Standing Committee on Finance on Wednesday. The committee, headed by former Union minister and senior Congress leader Veerappa Moily, has called Patel to brief the panel...
Flashing news – RBI Governor Urjit Patel manhandled at Kolkatta airport by Congress workers
New Delhi : Reserve Bank of India (RBI) governor Urjit Patel, who was in Kolkata to conduct the central board meeting following demonetization, was reportedly manhandled by some people present at the airport when he was checking in to board...
RBI Governor Urjit Patel earns Rs 2 lakh a month:
Mumbai: Reserve Bank of India Governor Urjit Patel gets a little over Rs 2 lakh as salary and has not been provided with any supporting staff at his residence, the central bank has said. Patel, who took over as RBI governor...
RBI to continue with easing; next cut in Feb: Analysts
New Delhi/Nagpur: A day after the monetary policy committee (MPC) debuted with a surprise 0.25 per cent cut in rates, analysts today said the Reserve Bank will continue with the accommodative stance but the next action can come only in...
Urjit Patel to take over from Raghuram Rajan as RBI Governor
New Delhi/Nagpur: Ending weeks of speculation the government today announced that sitting deputy Governor Urjit Patel will take over as the 24th Governor of the Reserve Bank of India when incumbent Raghuram Rajan demits office in the first week of...