urjit patel - Latest News, Analysis, Opinion

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

FM Makes Case For Rate Cut; Experts Say RBI May Wait For GST

Retail inflation, based on Consumer Price Index (CPI), dropped to multi-year low at 2.99 per cent in April over last year, mainly due to lower cost of food items, including pulses and vegetables.

Under Governor Urjit Patel, Reserve Bank Zooms In On 4 Per Cent Inflation Target

Under Governor Urjit Patel, the Reserve Bank of India will target inflation of 4 per cent, three officials familiar with its thinking said, adopting a narrower reading of its mandate than markets in a bid to stamp out rampant price rises of the past

Protectionism In US, Europe A Bit Worrisome: ADB

Economy

The Asian Development Bank on Wednesday said the emerging orientation in the US and Europe for protectionism on trade is "worrisome" but not realistic enough to break the global economy

Public Sector Banks Merger Could Help Banking System, Says RBI Governor Urjit Patel

RBI Governor Urjit Patel has said the Indian banking system could be better off if some public sector banks are consolidated to have fewer but healthier entities, as it would help in dealing with the problem of stressed assets

Where Would Apple, IBM Be If Not For Talent From Across Globe, Says RBI Governor Urjit Patel

Cautioning against protectionism, RBI Governor Urjit Patel has said where would giant American corporations like Apple, Cisco and IBM be if they had not sourced the best products and talent from across the world.

Parliamentary Panel Calls Reserve Bank Governor Urjit Patel Again On Note Ban Issue

RBI Governor Urjit Patel has been asked by a parliamentary panel to appear before it again on May 25 over demonetisation issue after former prime minister Manmohan Singh prevailed over BJP MPs in the panel to call him

Reserve Bank To Keep Rates Steady Over The Next 18 Months, Predicts Poll

The Reserve Bank of India is expected to keep interest rates steady well into next year after it shifted to a neutral monetary policy stance in February, and despite having raised concerns over a potential spike in inflation

Loan Waiver Schemes Undermine Honest Credit Culture, Says RBI Governor Urjit Patel

Reserve Bank Governor Urjit Patel on Thursday cautioned that loan waiver schemes "engender moral hazard", undermining honest credit culture and impairing incentives for borrowers to repay bank loans

RBI Projects Inflation To Rise To 5%

The Reserve Bank on Thursday projected retail inflation to increase to 5 per cent in the second half of the current fiscal citing risks of El Nino impacting the monsoon and one-off effects of the Goods and Services Tax

Favourable Domestic Factors To Accelerate Growth: RBI

The Reserve Bank of India on Thursday said economic growth in the current fiscal will accelerate to 7.4 per cent compared to 6.7 per cent in 2016-17 on the back of several favourable domestic factors and improvement in global environment

Expert Views | RBI Keeps Policy Rate On Hold, Eyes Inflation Risk