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Latest Articles in urjit patel

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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Monetary Policy: Low Inflation To Encourage RBI To Cut Rates Next Week

Weak consumer spending following the government's ban on high-value currency notes late last year as well as lower food prices have kept inflation below the RBI's 4 percent mid-term target for the past eight months

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RBI To Cut Repo Rate By 25 Bps On August 2: HSBC

A cut in key policy rates is likely as the country's inflation differential with the world is normalising, inflation expectation is moderating and food prices are also receding

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GST To Lower Overall Tax Burden Over Time: RBI Governor

With a four-rate structure, GST will come into force from the midnight of June 30. Except J&K, all the states have passed enabling laws for its implementation.

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No Premature Policy Action; RBI To Wait For More Data: Patel

RBI Governor Urjit Patel had argued for avoiding "premature policy action" and waiting for more inflation data at the meeting of the interest rate setting panel earlier this month

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Punjab To Forgive Over $1.5 Billion In Farm Debts

The South Asian nation is carrying a huge inventory of food grains from last year's record harvest, while exports have been hit by an appreciating rupee, falling global prices and restrictions on overseas shipments.

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RBI May Ease Rates, Hinting Banks To Cut Lending Rates: BofAML

According to Bank of America Merrill Lynch, further delays in RBI rate cuts will likely endanger the much-needed bank lending rate cut before the busy industrial season.

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Expert Views: RBI Keeps Repo Rate On Hold, Cuts Inflation Projections

India's central bank kept its key interest rate unchanged at 6.25 percent on Wednesday, as widely expected, while lowering projections for inflation and striking a somewhat less hawkish tone in a policy statement

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Farm Loan Waivers Risk Fiscal Slippages, Inflation: RBI

The Reserve Bank warned of fiscal situation getting out of hand if states unabatedly continue to waive farm loans saying it also risk spurring inflation

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MPC Meet Begins; RBI Likely To Hold Policy Rate

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, began its 2-day meeting amid experts saying that the central bank is likely to hold key rates even as the government is making a case for a lower interest regime citing low inflation

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