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URJIT PATEL NEWS

A mess: Urjit Patel admits RBI was slow to take timely measures

July 04, 2019 5:29 pm

In his first comments since resigning as RBI Governor amid sharp differences with the government, Urjit Patel said banks indulged in over-lending, while the government did not "fully play" its role, and also conceded that the regulator should have acted earlier.

Explained: Why SC order on RBI's controversial 'February 12 circular' matters

April 03, 2019 8:58 am

The central bank’s controversial ‘February 12 circular’ — which tightened the framework for the resolution of stressed assets — has been struck down by the Supreme Court. What had the RBI intended to do, and what impact is the court order likely to have?

Arun Jaitley on Urjit Patel: Never asked RBI Governor to resign

December 18, 2018 1:50 pm

Jaitley also said the government and the central bank held cordial discussions over the issue of reserves during the RBI's board meeting.

Yes Men

December 17, 2018 5:58 pm

Shaktikanta Das, in his new position in the RBI will be surrounded by reliable economists. His challenge will be more about making sound ethical judgments (hopefully), while keeping the powers-that-be, happy. That’s an art in itself, learnt only from the university of hustle and experience.

Sensex jumps 629 pts on end of poll results’ uncertainty, new RBI Governor appointment

December 13, 2018 2:53 am

Shaktikanta Das was Tuesday named the new governor of the Reserve Bank of India.

After Urjit Patel leaves, NITI Aayog's Vice Chairman says RBI not dependent on one person

December 11, 2018 2:15 pm

Niti Aayog Vice Chairman Rajiv Kumar Tuesday said the central bank's institutional capabilities are 'very strong'.

RBI Governor Urjit Patel has left. Now what?

December 11, 2018 7:20 am

Understanding the background of Monday’s extraordinary development, and what might follow.

Urjit Patel's resignation 'severe blow to nation's economy': Manmohan Singh

December 11, 2018 7:22 am

"Building institutions take a long time and effort but they can be destroyed in a whimper," former prime minister Manmohan Singh said.

Urjit Patel: The vigilant owl flies out in protest, as the nest comes under attack

December 10, 2018 8:27 pm

When Patel was appointed the deputy governor in January 2013, he compared the RBI to an owl, which has to be watchful and at guard for every development.

'Surprised', says RBI Independent Director S Gurumurthy on Urjit Patel's resignation

December 10, 2018 7:58 pm

In a sudden move this afternoon, RBI Governor Urjit Patel resigned from his post citing personal reasons and said the resignation comes into effect immediately.

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