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Latest Articles in urjit patel

RBI Chief Says Still Wary Of Upside Risks To Inflation

The Reserve Bank of India kept its policy rates on hold for the fourth straight meeting and toned down its inflation rhetoric, cheering markets as inflationary pressures eased more than expected

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RBI Retains Economic Growth Projection At 6.7 Percent For FY'18

RBI said there has been some pick up in credit growth in recent months. Besides, recapitalisation of public sector banks may help improve credit flows further, it added

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Sensex Extends Losses As RBI Holds Policy Rate

The Sensex, which had lost 100 points in early trade, continued its slide and fell 217.78 points, or 0.66 per cent, to 32,584.66. The gauge had lost 67.28 points in the previous session

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RBI Policy Meet Begins; Decision On Key Rate Tomorrow

The MPC meeting outcome tomorrow is being keenly awaited by all stakeholders including the industry and stock markets

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SBI To Hide PAN Info On Tax Refund Envelopes After Activist Raises Concerns

Urjit Patel said he had been "pleading" with SBI at the highest level for the past 16 months to ensure compliance with RBI directions, but nothing has changed.

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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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