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Latest Articles in urjit patel

PSU Bank Recap Plan 'Monumental Step Forward': Urjit Patel

Urjit Patel in a statement said that a well-capitalized banking system is a pre-requisite for stable economic growth and a monumental step is required in safeguarding India's economic future

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September Inflation Seen At Six-month High On GST, Public Sector Pay Rise

Consumer inflation is forecast to have risen to 3.60 percent in September from a year ago, above August's 3.36 per cent

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RBI Governor Urjit Patel Says Growth Important, But Not At Cost Of Inflation

India’s central bank has a medium-term target for annual inflation of 4 percent with the flexbility of plus/minus 2 percent on either side to make room for food price volatility

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Parliamentary Panel To Invite RBI Governor To Brief On FRDI Bill

The Financial Resolution and Deposit Insurance Bill, 2017, seeks to create a framework for resolving bankruptcy in financial firms (such as banks and insurance companies), as there is no specific law at present in India for resolution of failures of financial services providers

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MPC Meet: RBI Ups Inflation Projection To 4.2-4.6% During Second Half

The inflation path for the rest of 2017-18 is expected to be shaped by several factors

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RBI Maintains Status Quo; Cuts Growth Forecast To 6.7% In FY18

The six-member monetary policy committee voted 5:1 for the decision, with only Ravindra Dholakia voting for a 0.25 per cent reduction in rates

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RBI Keeps Repo Rate Unchanged At 6% As Expected

Five members of the monetary policy committee voted to keep rates unchanged, with one voting for at least a 25 bps cut

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Urjit Patel-led RBI Monetary Policy Meet Starts; Industry, Govt Want Rate Cut

Bankers however are of the view that the Reserve Bank of India (RBI) would maintain status quo as inflation has risen

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Sensex Climbs 213 Points As Auto Oil Stocks Advance

The fourth bi-monthly monetary policy statement for 2017 -18, to be released tomorrow, is being keenly awaited by all stakeholders -- especially the industry which has been demanding for lower interest rates

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India Is Set For A Fintech Revolution

Stodgy banks, hunched over by capital and dud-loan concerns, their eyes off book-growth; a swathe of the populace (over 40 per cent) beyond the pale of formal finance; the gaggle of impatient millennials and the live-in of finance and technology have given rise to goblins

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Bright Yellow Rs 200 Note To Be Out Tomorrow: RBI

The bright yellow coloured notes will hit the market just a day after the announcement by Finance Minister Arun Jaitley that the government has given go-ahead to the RBI to issue the new currency bill

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NPA Resolution: RBI Chief Calls For Recapitalisation Of Banks

"Swift time bound resolution or liquidation of stressed assets will be critical for delogging the balance sheet and for efficient reallocation of bank capital," Patel said.

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RBI Behind Curve On Rate Cuts, Say Frustrated Indian Officials

The RBI lowered its main policy rate by 25 basis points to 6 per cent, its lowest since November 2010, but senior officials argue with inflation below target and private investment contracting it should have cut by 50-75 basis points

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