Urijit Patel

Urijit Patel News

Ahead of Budget, Urijit Patel warns against over-lending, pump priming economy

Patel, who suddenly quit as the RBI Governor in December 2018 nine months ahead of his three-year tenure, said the decline in share of PSU banks in the banking sector should not be resisted as the 'market mechanism is working'.

RBI governor Urijit Patel explains why preventive vigilance works better than punitive vigilance in public sector

Patel was speaking at a conference at the Central Vigilance Commission (CVC) here on 'Preventive Vigilance – The Key Tool of Good Governance at Public Sector Institutions'.

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RBI rate cut important step for sustained growth: Finance Ministry

The monetary policy statement was arrived at after a two-day meeting of the MPC headed by RBI Governor Urjit Patel. The MPC has decided to keep the policy stance neutral and to watch incoming data with a view to keeping headline inflation close to 4 per cent.

MPC meet begins amid rising hopes of rate cut

Some expect that the central bank may go for an even more aggressive rate cut of 50 basis points as the retail inflation touched historic low of 1.54 per cent in June.

No proof required: Leave your ego at home

Average CPI inflation for eight months since September 2016 has been 3.7 per cent. How long are you going to wait and watch, MPC, before you admit that you were wrong in your assessment?

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