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  Indian economy to grow faster in 2018-19: RBI governor at IMF meeting

  Business | April 22, 2018 6:57 IST

  Although the real GDP growth was moderated to 6.6 per cent from 7.1 per cent a year ago, there was a strong rebound in the second half of the year on the back of a turnaround in investment demand, he said.

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  'We feel hurt, need to be the Neelakantha consuming this poison': RBI Governor on banking frauds

  Business | March 14, 2018 23:07 IST

  Urjit Patel said that banking frauds amount to looting of our country's future by some in the business community in cahoots with some lenders.

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  RBI, SEBI need to take cognisance of market volatility: Urjit Patel

  Business | February 10, 2018 14:12 IST

  Between February 1-9, the BSE Sensex had shed around 1,900 points. The other index, NSE Nifty shed over 500 points during the same period.

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  Recapitalisation aimed more at reforming state-run banks: Urjit Patel

  Business | December 06, 2017 21:04 IST

  Urjit Patel said that RBI is working closely with the financial services department to finalise the extent of funding for each bank and the amount of recap bonds to be on banks' balance sheets as government's equity contribution.

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  Monetary Policy: RBI keeps repo rate unchanged at 6 pc

  Business | December 06, 2017 15:21 IST

  The MPC also kept reverse repo rate under the LAF unchanged at 5.75 per cent and marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.

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  RBI monetary policy today: Will central bank defy consensus and cut interest rates?

  Business | December 06, 2017 9:33 IST

  A majority of the economists have polled in favour of the Reserve Bank of India maintaining a status quo on repurchase rates for commercial banks.

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  RBI not to pursue Islamic banking in India, reveals RTI query

  Business | November 12, 2017 12:37 IST

  The RBI has decided not to pursue a proposal for introduction of Islamic banking in the country.

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  PSU bank recapitalisation plan ‘monumental step’ to save economy: RBI Governor

  Business | October 25, 2017 15:34 IST

  Economic history had shown repeatedly that only healthy banks lend to healthy firms and borrowers, creating a cycle of investment and job creation.

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  Interest rates unchanged, growth forecast lowered: 10 key takeaways from RBI's monetary policy statement

  Business | October 04, 2017 15:52 IST

  Only one from the six-member monetary policy committee pressed for lowering rates by at least 25 basis points.

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  RBI monetary policy statement: Rate cut or status quo? 5 factors to watch out for

  Business | October 04, 2017 14:48 IST

  In August this year, the RBI's monetary policy committee had decided to lower interest rates to 6 per cent.

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  NPA resolution: RBI Governor Urjit Patel calls for recapitalisation of banks

  August 19, 2017 17:01 IST

  Admitting that the balance sheet of most state-run banks are not healthy enough to take large haircuts, which is a corollary of any bad loan resolution, Urjit Patel called for their recapitalisation.

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  RBI cuts key rate: Five factors that triggered the decision

  August 02, 2017 16:25 IST

  In first rate cut since October 2016, the Reserve Bank of India on Wednesday slashed benchmark lending rate by 25 basis points from 6.25 per cent to 6.0 per cent.

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  RBI Governor Urjit Patel meets Finance Minister Arun Jaitley before monetary policy review

  July 29, 2017 15:41 IST

  The six-member MPC of the RBI headed by Urjit Patel will meet on August 1-2 in Mumbai for the third bi-monthly policy review of the fiscal.

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  Rs 20 notes in Mahatma Gandhi 2005 series to be out soon

  July 19, 2017 18:06 IST

  The new notes will be bearing inset letter 'S' in the number panel and signature of Governor Urjit R Patel, the RBI said in a notification today.

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  RBI still counting notes deposited after demonetisation, Urjit Patel tells Parliamentary panel

  July 12, 2017 23:58 IST

  RBI Governor Urjit Patel today refused to give the amount of demonetised notes deposited with banks saying they are still being counted.

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  RBI chief Urjit Patel to appear before parliamentary panel on July 6 to discuss ‘demonetisation’

  June 09, 2017 22:40 IST

  It is for the fourth time that the parliamentary panel has called Urjit Patel to discuss the note ban.

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  CEA flays central bank’s status quo on rates as Urjit Patel asserts RBI autonomy

  June 08, 2017 12:11 IST

  CEA Arvind Subramanain blamed the RBI’s inflation forecasting methodology and said the errors have been large and systematically one-sided in overstating inflation

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  Monetary Policy Review: RBI holds repo rate at 6.25 pc, cuts growth projection to 7.3 pc

  June 07, 2017 15:15 IST

  The Monetary Policy Committee, headed by RBI Governor Urjit Patel, today decided to keep the key policy rates unchanged, while marginally slashing its growth projection for the current fiscal

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  'Reasonable amount' of new Rs 500, Rs 2000 notes was kept ready before demonetisation, RBI tells Parl panel

  April 27, 2017 19:24 IST

  Reserve Bank of India had kept ready a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi, Urjit Patel has told a Parliamentary Committee.

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  RBI Governor Urjit Patel bats for public sector banks' merger, says it could help banking system

  April 25, 2017 21:12 IST

  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.