Deputy Governor Urjit Patel

Former Reserve Bank of India Governor Urjit Patel quit last December after differences over transferring its reserves to the Union government, a member of a panel set up to study the central bank's capital framework has told NDTV.

Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), has resigned, citing "unavoidable personal circumstances". Mr Acharya, whose term was scheduled to end in February, conveyed his decision to the central bank in a letter. "Consequential action arising from his letter is under consideration of the Competent Authority," the RBI said i...

NS Vishwanathan, the senior most deputy governor of the central bank, may be made interim head of the RBI following the unexpected resignation of Urjit Patel, according to sources.

Ex-RBI officials, including a governor and a deputy governor, said that never before has the board tried to interfere in RBI's regulatory functions.

Two years ago, when Urjit Patel replaced the flamboyant Raghuram Rajan as the 24th governor of the Reserve Bank of India, he had a quiet first day at work away from media glare. He had already served as the deputy governor at the RBI for three years before that. He was expected to maintain a low profile unlike his predecessor who had reportedly ups...

The FSDC meeting was the first instance when RBI Governor Urjit Patel came face to face with Mr Jaitley following the recent criticism by the central bank's deputy governor, Viral Acharya, of government interference in the functioning of the central bank.

Finance Minister Arun Jaitley and RBI governor Urjit Patel came face-to-face at a meeting of a financial stability body today amid tension after Mr Patel's deputy made a strong call for autonomy for the central bank in a speech on Friday. The government asked RBI or the Reserve Bank of India for an assurance that any liquidity crisis faced by non-b...

The public spat between the government and the central bank became bitter on Tuesday as Finance Minister Arun Jaitley criticized the top banking regulator for failing to prevent credit excesses by banks between 2008-2014.The comments from Mr Jaitley came after Reserve Bank of India (RBI)'s Deputy Governor Viral Acharya on Friday warned that undermi...

The ongoing friction between the Reserve Bank of India and the government has boiled over, with the association of the bank's employees siding with its Deputy Governor on Monday. Last week, Viral Acharya had made a strong case for the need of autonomy at the country's central bank -- his speech had been widely shared on social media. Quoting source...

In the latest move, the RBI made its disagreement with authorities public in a hard-hitting speech by Deputy Governor Viral Acharya on Friday -- which he said had the backing of Governor Urjit Patel -- defending the central bank's independence.

If the standoff with the government gets any worse, a test of the central bank's dire warning could come soon.

The RBI governor Urjit Patel said that there are several upside risks to inflation, especially from the staggered impact of HRA increases by various state governments

With the earlier basic pay of Rs 90,000, Mr Patel got a DA of Rs 1,12,500 and 'other payments' of Rs 7,000 -- totalling to a gross pay of Rs 2,09,500.

In all eight directors including Governor Urjit R Patel and deputy governors R Gandhi and S S Mundra, out of the 10 on the board at that time, attended the meeting, Minister of State for Finance Arjun Ram Meghwal informed the Lok Sabha.

Apart from the Monetary Policy Department, Mr Acharya will look after the economic policy & research, corporate strategy and budget, and financial markets operations departments, the RBI said.

Former Reserve Bank of India Governor Urjit Patel quit last December after differences over transferring its reserves to the Union government, a member of a panel set up to study the central bank's capital framework has told NDTV.

Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), has resigned, citing "unavoidable personal circumstances". Mr Acharya, whose term was scheduled to end in February, conveyed his decision to the central bank in a letter. "Consequential action arising from his letter is under consideration of the Competent Authority," the RBI said i...

NS Vishwanathan, the senior most deputy governor of the central bank, may be made interim head of the RBI following the unexpected resignation of Urjit Patel, according to sources.

Ex-RBI officials, including a governor and a deputy governor, said that never before has the board tried to interfere in RBI's regulatory functions.

Two years ago, when Urjit Patel replaced the flamboyant Raghuram Rajan as the 24th governor of the Reserve Bank of India, he had a quiet first day at work away from media glare. He had already served as the deputy governor at the RBI for three years before that. He was expected to maintain a low profile unlike his predecessor who had reportedly ups...

The FSDC meeting was the first instance when RBI Governor Urjit Patel came face to face with Mr Jaitley following the recent criticism by the central bank's deputy governor, Viral Acharya, of government interference in the functioning of the central bank.

Finance Minister Arun Jaitley and RBI governor Urjit Patel came face-to-face at a meeting of a financial stability body today amid tension after Mr Patel's deputy made a strong call for autonomy for the central bank in a speech on Friday. The government asked RBI or the Reserve Bank of India for an assurance that any liquidity crisis faced by non-b...

The public spat between the government and the central bank became bitter on Tuesday as Finance Minister Arun Jaitley criticized the top banking regulator for failing to prevent credit excesses by banks between 2008-2014.The comments from Mr Jaitley came after Reserve Bank of India (RBI)'s Deputy Governor Viral Acharya on Friday warned that undermi...

The ongoing friction between the Reserve Bank of India and the government has boiled over, with the association of the bank's employees siding with its Deputy Governor on Monday. Last week, Viral Acharya had made a strong case for the need of autonomy at the country's central bank -- his speech had been widely shared on social media. Quoting source...

In the latest move, the RBI made its disagreement with authorities public in a hard-hitting speech by Deputy Governor Viral Acharya on Friday -- which he said had the backing of Governor Urjit Patel -- defending the central bank's independence.

If the standoff with the government gets any worse, a test of the central bank's dire warning could come soon.

The RBI governor Urjit Patel said that there are several upside risks to inflation, especially from the staggered impact of HRA increases by various state governments

With the earlier basic pay of Rs 90,000, Mr Patel got a DA of Rs 1,12,500 and 'other payments' of Rs 7,000 -- totalling to a gross pay of Rs 2,09,500.

In all eight directors including Governor Urjit R Patel and deputy governors R Gandhi and S S Mundra, out of the 10 on the board at that time, attended the meeting, Minister of State for Finance Arjun Ram Meghwal informed the Lok Sabha.

Apart from the Monetary Policy Department, Mr Acharya will look after the economic policy & research, corporate strategy and budget, and financial markets operations departments, the RBI said.