Urjit Patel Statement
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RBI Deputy Governor Viral Acharya Quits, Cites "Personal Circumstances"
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...
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"PM Modi Made Childish Statements Which Backfired": Sena On BJP Rout
The Shiv Sena today said that the BJP's dreams of making India Congress-mukt, or Congress-free, have failed after the party tasted defeat on Tuesday in three crucial states where it was in power. Clobbering edits by the Shiv Sena mouthpieces also said that while PM Modi and Amit Shah have been sidelined, Congress President Rahul Gandhi is a "shinin...
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RBI Governor Urjit Patel's Surprise Exit Likely To Spook The Market: Experts
The government and the RBI have been fighting for weeks over how much autonomy the bank should have as the administration of Prime Minister Narendra Modi seeks to reduce curbs on lending and to gain access to the RBI's surplus reserves.
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After Urjit Patel's Shock Exit, RBI Denies Reports On No. 2 Viral Acharya
Viral Acharya, who is in charge of the monetary policy department, warned of the wrath of the markets if the autonomy of a central bank is compromised.
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"Effective Immediately": Urjit Patel Statement On Stepping Down As RBI Governor
RBI Governor Urjit Patel, amid a rift with the government over the central bank's autonomy, has stepped down this evening. In a statement, Urjit Patel said he is stepping down with immediate effect and cited personal reasons.
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"Effective Immediately": Urjit Patel Statement On Quitting As RBI Governor
His resignation will take effect immediately, he said in a statement.
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RBI Keeps Key Lending Rate Unchanged, Meets Economists' Expectations: 10 Points
The Reserve Bank of India (RBI) on Wednesday kept the repo rate steady, meeting economists' projections. The repo rate, or the key interest rate at which the central bank lends short-term funds to commercial banks, stood at 6.5 per cent, said the RBI's fifth bi-monthly policy statement for 2018-19. Wednesday's decision came days after official data...
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Both RBI Chief And Government Walked The Extra Mile: Board Member On Meet
The central bank will form a panel to consider the funds transfer to the government, it said in a statement after the board meeting that lasted a little over nine hours.
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RBI Autonomy Essential, Nurtured By Government: Finance Ministry
The statement, however, did not mention of the government citing the never-before-used power of issuing directions to RBI Governor.
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"Consultations With RBI In Public Interest": Government Amid Autonomy Row
The government today said "extensive consultations" with the Reserve Bank of India (RBI) were in "public interest", after reports said it has started discussions on Section 7 of the RBI Act, a never-before-used rule that allows the centre to give instructions to the central bank's chief. In a statement, the finance ministry said such consultations ...
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RBI Vs Government: Finance Ministry To Shortly Issue A Statement
The government has invoked never-before-used powers under the RBI Act that allow it to issue directions to the central bank governor on matters of public interest.
-
RBI Policy Highlights: Central Bank Hikes Repo Rate, Retains Growth Projections
The RBI released its third bi-monthly policy statement for 2018-19.
-
What To Expect From RBI Policy Statement Today: 10 Points
The Reserve Bank of India (RBI) will release its monetary policy statement today. Analysts will watch the outcome of the three-day meeting closely to find out whether the central bank's Monetary Policy Committee decides to hike the repo rate - the key rate at which the RBI lends short-term funds to commercial banks - or introduce a more aggressive ...
-
RBI Policy: Five Positive Things That Central Bank Said About Economy
Domestic economic activity has exhibited sustained revival in recent quarters and the output gap has almost closed, RBI statement said
-
RBI Policy Review Highlights: Repo Rate Hiked By 25 Basis Points, First In Over 4 Years
Today marks the release of the RBI's second bi-monthly monetary policy statement for 2018-19.
-
RBI Deputy Governor Viral Acharya Quits, Cites "Personal Circumstances"
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...
-
"PM Modi Made Childish Statements Which Backfired": Sena On BJP Rout
The Shiv Sena today said that the BJP's dreams of making India Congress-mukt, or Congress-free, have failed after the party tasted defeat on Tuesday in three crucial states where it was in power. Clobbering edits by the Shiv Sena mouthpieces also said that while PM Modi and Amit Shah have been sidelined, Congress President Rahul Gandhi is a "shinin...
-
RBI Governor Urjit Patel's Surprise Exit Likely To Spook The Market: Experts
The government and the RBI have been fighting for weeks over how much autonomy the bank should have as the administration of Prime Minister Narendra Modi seeks to reduce curbs on lending and to gain access to the RBI's surplus reserves.
-
After Urjit Patel's Shock Exit, RBI Denies Reports On No. 2 Viral Acharya
Viral Acharya, who is in charge of the monetary policy department, warned of the wrath of the markets if the autonomy of a central bank is compromised.
-
"Effective Immediately": Urjit Patel Statement On Stepping Down As RBI Governor
RBI Governor Urjit Patel, amid a rift with the government over the central bank's autonomy, has stepped down this evening. In a statement, Urjit Patel said he is stepping down with immediate effect and cited personal reasons.
-
"Effective Immediately": Urjit Patel Statement On Quitting As RBI Governor
His resignation will take effect immediately, he said in a statement.
-
RBI Keeps Key Lending Rate Unchanged, Meets Economists' Expectations: 10 Points
The Reserve Bank of India (RBI) on Wednesday kept the repo rate steady, meeting economists' projections. The repo rate, or the key interest rate at which the central bank lends short-term funds to commercial banks, stood at 6.5 per cent, said the RBI's fifth bi-monthly policy statement for 2018-19. Wednesday's decision came days after official data...
-
Both RBI Chief And Government Walked The Extra Mile: Board Member On Meet
The central bank will form a panel to consider the funds transfer to the government, it said in a statement after the board meeting that lasted a little over nine hours.
-
RBI Autonomy Essential, Nurtured By Government: Finance Ministry
The statement, however, did not mention of the government citing the never-before-used power of issuing directions to RBI Governor.
-
"Consultations With RBI In Public Interest": Government Amid Autonomy Row
The government today said "extensive consultations" with the Reserve Bank of India (RBI) were in "public interest", after reports said it has started discussions on Section 7 of the RBI Act, a never-before-used rule that allows the centre to give instructions to the central bank's chief. In a statement, the finance ministry said such consultations ...
-
RBI Vs Government: Finance Ministry To Shortly Issue A Statement
The government has invoked never-before-used powers under the RBI Act that allow it to issue directions to the central bank governor on matters of public interest.
-
RBI Policy Highlights: Central Bank Hikes Repo Rate, Retains Growth Projections
The RBI released its third bi-monthly policy statement for 2018-19.
-
What To Expect From RBI Policy Statement Today: 10 Points
The Reserve Bank of India (RBI) will release its monetary policy statement today. Analysts will watch the outcome of the three-day meeting closely to find out whether the central bank's Monetary Policy Committee decides to hike the repo rate - the key rate at which the RBI lends short-term funds to commercial banks - or introduce a more aggressive ...
-
RBI Policy: Five Positive Things That Central Bank Said About Economy
Domestic economic activity has exhibited sustained revival in recent quarters and the output gap has almost closed, RBI statement said
-
RBI Policy Review Highlights: Repo Rate Hiked By 25 Basis Points, First In Over 4 Years
Today marks the release of the RBI's second bi-monthly monetary policy statement for 2018-19.
