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Urjit Patel, Urjit Patel RBI, Urjit Patel demonetisation, Urjit Patel India growth, Urjit Patel inflation, RBI inflation, RBI demonetisation, Monetary Policy Meet RBI, Business news

Impact of demonetisation will be a sharp ‘V’, banks have done a Herculean job: Urjit Patel

Urjit Patel interview: Demonetisation will result in a downgrade of growth for a short period of time.

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RBI to raise weekly withdrawal limit for savings accounts to Rs 50,000 from Feb 20, no limit from March 13

The RBI added that there will be no limit on withdrawals from March 13 onward.

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RBI keeps repo rate on hold at 6.25 per cent

The RBI’s monetary policy committee on Wednesday voted 6-0, its third unanimous decision in a row since being established in September.

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Remonetisation nearly complete, says Shaktikanta Das

“All restrictions have been removed except on savings bank account of Rs 24,000 per week. This (removal of withdrawal limit) is also a matter of time,” he told PTI in an interview.

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RBI Governor Urjit Patel asks staff to ‘zealously guard’ central bank’s reputation

The RBI has faced flak after the government announced its decision to withdraw Rs 500 and Rs 1,000 notes on November 8, 2016 and the way the exercise was handled by the government and the central bank.

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PIOs, NRIs feel heat of demonetisation; wait in RBI queues

Many NRIs complained that they are not allowed to speak to officials who could at least listen to their grievances.

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Credit growth plunges in key infra sectors: RBI data

Bank credit to the infrastructure sector, which had been steadily sliding over the first eight months of the current financial year, has recorded its sharpest contraction of 6.7 per cent in November.

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Demonetisation: On Nov 7, it was Govt which ‘advised’ RBI to ‘consider’ note ban, got RBI nod next day

That’s what RBI says in 7-page note to House panel; agrees with Govt’s rationale to counter ‘FICN menace’.

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Institutional identity of RBI has been damaged: Former Governor Reddy

Reddy was also critical of the way Governor and Deputy Governors is selected.

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RBI seeks details of Rs 500/1,000 deposits from banks today

Reporting of the transactions in Integrated Computerised Currency Operations and Management System (ICCOMS) will be enabled beyond 9 till all the deposits are received and accounted for.

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Not taken any step to cancel Axis Bank licence: RBI

The clarification comes amid rumours in a segment of the media that the bank was likely to lose its banking licence, RBI stated further.

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RBI keeps key rates unchanged, says demonetisation not a hasty decision

Reverse repo rate under the LAF remains unchanged at 5.75 per cent

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As Indian rate cut hopes grow, some warn of going too far

With interest rates being cut after unexpected clampdown on cash, foreign investors will look for assurance from new RBI Governor Urjit Patel over monetary policy.

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Demonetisation: RBI gives borrowers additional 60 days to repay loans up to Rs 1 crore

The apex bank further said that all regulated financial institutions should note that this is a short-term deferment of classification as substandard due to delay in payment of dues arising during the period specified above and does not result in restructuring of the loans.

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Amarinder Singh slams RBI for not letting co-op banks exchange notes

“How will the farmers buy seeds, fertilisers when they cannot exchange or deposit the Rs 500, Rs 1000 notes lying with them,” he asked.