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urjit patel

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Titles by Sadhguru and Amish continue to top the Indian English best seller list.(HT Team)

HT-Nielsen Bestseller list for Week 30 of 2020

Hindustan Times | By HT Team
UPDATED ON JUL 31, 2020 02:34 PM IST
Sadhguru and Amish continue to dominate the Indian English bestseller list
Patel’s comments offer a first glimpse into a tussle between the RBI and the government, which led eventually to a U-turn that stunned the Indian business world when the Supreme Court last year struck down the RBI’s February circular.(PTI)
Patel’s comments offer a first glimpse into a tussle between the RBI and the government, which led eventually to a U-turn that stunned the Indian business world when the Supreme Court last year struck down the RBI’s February circular.(PTI)

Ex-RBI chief Urjit Patel says insolvency rules caused rift with government

By Bloomberg | Posted by Arpan Rai
UPDATED ON JUL 24, 2020 05:17 PM IST
The rift centered around a February 2018 circular issued by the RBI, which forced banks to immediately classify borrowers as defaulters when they delayed repayments, and which barred defaulting company founders from trying to buy back their firms during insolvency auctions.
Mumbai: File photo of RBI Governor Urjit Patel addressing a press conference in Mumbai recently. PTI Photo (PTI11_27_2016_000164B)(PTI)
Mumbai: File photo of RBI Governor Urjit Patel addressing a press conference in Mumbai recently. PTI Photo (PTI11_27_2016_000164B)(PTI)

Stakeholders responsible for the manifold growth of NPAs: Urjit Patel

By Urjit Patel
UPDATED ON JUL 19, 2020 04:55 AM IST
By the book: Former RBI governor Urjit Patel writes that banks applied little risk analysis in sifting good from bad assets, lending without due diligence.
Former Reserve Bank governor Urjit Patel will take charge as chairman of the National Institute of Public Finance and Policy (NIPFP) from June 22, 2020.(REUTERS)
Former Reserve Bank governor Urjit Patel will take charge as chairman of the National Institute of Public Finance and Policy (NIPFP) from June 22, 2020.(REUTERS)

Former RBI Governor Urjit Patel named NIPFP chairman

New Delhi | By Press Trust of India | Posted by: Jasra Afreen
UPDATED ON JUN 19, 2020 07:18 PM IST
“National Institute of Public Finance and Policy is privileged to have Dr. Urjit Patel, former Reserve Bank Governor, as its Chairperson for a four-year term commencing June 22, 2020,” the economic think tank said in a statement.
The RBI has created a unified department of supervision and a unified department of regulation from November 1 this year.(REUTERS Photo)
The RBI has created a unified department of supervision and a unified department of regulation from November 1 this year.(REUTERS Photo)

RBI plans to set up college of supervisors: Shaktikanta Das

Mumbai | By Press Trust of India
UPDATED ON NOV 18, 2019 09:15 PM IST
The RBI has already created a unified department of supervision and a unified department of regulation from November 1 this year, which will strengthen the oversight of commercial banks, cooperative banks and NBFCs, Shaktikanta Das has said.
Reserve Bank of India (RBI) Governor Shaktikanta Das attends Third Bi-Monthly Monetary Policy press conference in Mumbai on Aug 7, 2019. (ANI Photo)
Reserve Bank of India (RBI) Governor Shaktikanta Das attends Third Bi-Monthly Monetary Policy press conference in Mumbai on Aug 7, 2019. (ANI Photo)

RBI cuts rate, scales down growth outlook

Hindustan Times, Mumbai/New Delhi | By HT Correspondents and Agencies
UPDATED ON AUG 08, 2019 09:47 AM IST
The 35-basis point cut in the repo rate cut was marginally higher than the 25-basis point reduction that had been forecast by most analysts.
Viral Acharya, deputy governor of the Reserve Bank of India, resigned six months before his term ends, Business Standard reported, citing him.(Mint File Photo)
Viral Acharya, deputy governor of the Reserve Bank of India, resigned six months before his term ends, Business Standard reported, citing him.(Mint File Photo)

RBI deputy governor Viral Acharya quits 6 months before his term ends: Report

Bloomberg | By Subhadip Sircar
UPDATED ON JUN 24, 2019 09:04 AM IST
He took office at the RBI in January 2017 for a three-year term. His departure follows Urjit Patel’s sudden resignation in December last year amid rising tension between the central bank and the government about the RBI’s independence.
Higher oil prices over the longer term may hurt India’s growth as well as its current account deficit, factors which would drag the rupee down.(Vipin Kumar / HT Photo)
Higher oil prices over the longer term may hurt India’s growth as well as its current account deficit, factors which would drag the rupee down.(Vipin Kumar / HT Photo)

RBI governor says India’s economy needs to grow even faster to deal with poverty, other challenges

By Bloomberg
UPDATED ON APR 13, 2019 11:32 AM IST
India is expected to post real economic growth of 7.2 percent in the 2019-2020 fiscal year, and is seeing below-target inflation even as rising oil prices add an upside risk, the governor said. Still, he added that the inflationary impact from spikes in crude -- India’s biggest import -- can be exaggerated.
(An Indian pedestrian walks out of The Reserve Bank of India (RBI) building in Mumbai.(AFP file photo)
(An Indian pedestrian walks out of The Reserve Bank of India (RBI) building in Mumbai.(AFP file photo)

RBI board warned of noteban’s short-term impact on economy; no material effect on black money

New Delhi | By Press Trust of India
UPDATED ON MAR 11, 2019 06:51 PM IST
The RBI board had warned of short-term negative impact of demonetisation on the country’s economic growth and observed that the unprecedented move will not have any material impact on tackling the black money menace.
The Reserve Bank of India headquarters in Fort, Mumbai. Photo by Aniruddha Chowdhury/Mint
The Reserve Bank of India headquarters in Fort, Mumbai. Photo by Aniruddha Chowdhury/Mint

RBI to pay Rs 28,000 crore interim dividend to govt ahead of elections

New Delhi | By Anirban Nag and Vrishti Beniwal
UPDATED ON FEB 18, 2019 07:15 PM IST
The government needs cash after allocating 200 billion rupees toward the first installment of the $10.5 billion program by March 31.
The repurchase rate will probably be kept steady at 6.5 percent, according to 32 of the 43 economists surveyed by Bloomberg as of Wednesday, with the rest expecting a 25 basis-point reduction.(REUTERS)
The repurchase rate will probably be kept steady at 6.5 percent, according to 32 of the 43 economists surveyed by Bloomberg as of Wednesday, with the rest expecting a 25 basis-point reduction.(REUTERS)

New RBI chief Shaktikanta Das looks likely to signal rate cuts

By Anirban Nag, Bloomberg
UPDATED ON FEB 07, 2019 10:24 AM IST
The repurchase rate will probably be kept steady at 6.5 percent, according to 32 of the 43 economists surveyed by Bloomberg as of Wednesday, with the rest expecting a 25 basis-point reduction.
Revenue from a goods and services tax, or GST, has for the most part fallen short of the 1-trillion rupee ($14 billion) monthly target, while income from asset sales have lagged estimates.(AFP)
Revenue from a goods and services tax, or GST, has for the most part fallen short of the 1-trillion rupee ($14 billion) monthly target, while income from asset sales have lagged estimates.(AFP)

Ahead of elections, govt turns to RBI for funds, may get Rs 400 billion

New Delhi | By Rahul Satija, Bloomberg
UPDATED ON JAN 29, 2019 09:13 AM IST
Revenue from a goods and services tax, or GST, has for the most part fallen short of the 1-trillion rupee ($14 billion) monthly target, while income from asset sales have lagged estimates.
Mr Alok Verma’s case is more complex. He and his deputy (the man who would have been the government’s first choice had he been eligible) were allowed to squabble, make allegations against each other, and then abruptly divested of their powers.(PTI)
Mr Alok Verma’s case is more complex. He and his deputy (the man who would have been the government’s first choice had he been eligible) were allowed to squabble, make allegations against each other, and then abruptly divested of their powers.(PTI)

Lessons from RBI and CBI

Hindustan Times | By HT Correspondent
UPDATED ON JAN 14, 2019 07:49 AM IST
To lose one head of an institution may be a misfortune; to lose two looks like carelessness.
The Reserve Bank of India (RBI), having changed management last month following a clash with the government, is likely to transfer an interim dividend of 300-400 billion rupees ($4.32 billion-$5.8 billion) to the government by March, according to three sources with direct knowledge of the matter.(Aniruddha Chowdhury/Mint Photo)
The Reserve Bank of India (RBI), having changed management last month following a clash with the government, is likely to transfer an interim dividend of 300-400 billion rupees ($4.32 billion-$5.8 billion) to the government by March, according to three sources with direct knowledge of the matter.(Aniruddha Chowdhury/Mint Photo)

RBI expected to pay government up to $5.8 billion interim dividend: Report

New Delhi | By Reuters
UPDATED ON JAN 07, 2019 01:59 PM IST
The government and RBI have now appointed a panel to look into the issue around the sharing of the RBI’s reserves. “We are absolutely sure that an interim dividend of more than 300 billion rupees would be paid before March end,” one of the sources said.
Prime Minister Narendra Modi.(AP file photo)
Prime Minister Narendra Modi.(AP file photo)

Urjit Patel wanted to resign for months, he wrote to me personally: PM Modi

New Delhi | By Asian News International
UPDATED ON JAN 01, 2019 06:45 PM IST
Urjit Patel stepped down as the Reserve Bank of India (RBI) Governor because of personal reasons and had been telling the Prime Minister for some time about his decision to resign, said Prime Minister Narendra Modi.
The Reserve Bank of India headquarters in Fort, Mumbai.(Mint File)
The Reserve Bank of India headquarters in Fort, Mumbai.(Mint File)

RBI autonomy in focus after a tumultuous year

New Delhi | By Vivina Vishwanathan
UPDATED ON DEC 31, 2018 10:11 AM IST
At the heart of the discord was the issue of the autonomy that RBI has tried to jealously protect in the face of attempted encroachments by the government on its turf .
RBI has set up an expert panel to review its existing economic capital framework that will be headed by its former governor Bimal Jalan.(HT File Photo)
RBI has set up an expert panel to review its existing economic capital framework that will be headed by its former governor Bimal Jalan.(HT File Photo)

Reserve Bank of India sets up panel headed by Bimal Jalan to examine its economic capital framework

Reuters | By Reuters
UPDATED ON DEC 26, 2018 09:28 PM IST
Heated discussions over the revamping of the economic capital framework led to the unexpected resignation of RBI Governor Urijit Patel earlier this month.
The Shiv Sena in Mumbai on Saturday termed the appointment of new Reserve Bank of India (RBI) Governor Shaktikanta Das as “dangerous” with a potential to unleash ‘financial terror’ in the country(Sonu Mehta/HT Photo)
The Shiv Sena in Mumbai on Saturday termed the appointment of new Reserve Bank of India (RBI) Governor Shaktikanta Das as “dangerous” with a potential to unleash ‘financial terror’ in the country(Sonu Mehta/HT Photo)

‘New RBI governor Shaktikanta Das’ appointment dangerous, could unleash financial terror,’ warns Shiv Sena

Mumbai | By Indo Asian News Service
PUBLISHED ON DEC 15, 2018 03:25 PM IST
Questioning Das’ credentials for the crucial post, the Sena said while the two previous RBI governors - Raghuram Rajan and Urjit Patel - were world-renowned economists, the current incumbent is only a graduate with no “known” knowledge of economics, and is an IAS officer (bureaucrat) with specialisation in history.
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)

Sensex, Nifty turn cautious on mixed global cues

Mumbai | By Press Trust of India
PUBLISHED ON DEC 14, 2018 09:59 AM IST
Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71.
Shaktikanta Das, the new Reserve Bank of India (RBI) Governor, attends a news conference in Mumbai, India, December 12, 2018.(REUTERS)
Shaktikanta Das, the new Reserve Bank of India (RBI) Governor, attends a news conference in Mumbai, India, December 12, 2018.(REUTERS)

Shaktikanta Das’s 1st board meet as RBI chief to pose new worries about autonomy

New Delhi | By Nasreen Seria and Karthikeyan Sundaram, Bloomberg
UPDATED ON DEC 14, 2018 09:15 AM IST
Prime Minister Narendra Modi has a new ally at the Reserve Bank of India in Governor Shaktikanta Das, who may be more amenable to the government’s requests to ease lending restrictions on state-run banks and hand over more of its capital to the state.
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)

Sensex rises over 200 pts, Nifty reclaims 10,800 mark

Mumbai | By Press Trust of India
PUBLISHED ON DEC 13, 2018 10:02 AM IST
Rising for the third straight session, the 30-share index was trading higher by 263.70 points, or 0.74 per cent, at 36,042.77. The rupee, meanwhile, opened 31 paise higher at 71.70 against the US dollar.
Shaktikanta Das, the new Reserve Bank of India (RBI) Governor, takes a question during a news conference in Mumbai.(REUTERS)
Shaktikanta Das, the new Reserve Bank of India (RBI) Governor, takes a question during a news conference in Mumbai.(REUTERS)

Promise integrity, autonomy of RBI: New governor Shaktikanta Das takes charge

Mumbai | By HT Correspondent & Agencies
UPDATED ON DEC 13, 2018 12:42 AM IST
Stock markets end higher as analysts expect a dovish stance. Opposition parties criticise appointment of Shaktikanta Das as the RBI governor.
Shaktikanta Das, who has been appointed as the new governor of Reserve Bank of India.(PTI file photo)
Shaktikanta Das, who has been appointed as the new governor of Reserve Bank of India.(PTI file photo)

Will uphold credibility and autonomy: Shaktikanta Das, new RBI Governor

Agencies | By Agencies
UPDATED ON DEC 12, 2018 07:54 PM IST
Shaktikanta Das, the new RBI chief, said the banking sector faced a lot of challenges, and many more measures needed to be taken. He said he planned to host a meeting with a number of bank chiefs on Thursday to immediately address the needs of the sector.
Shaktikanta Das assumed charge as the 25th Governor of the Reserve Bank of India.(Bloomberg)
Shaktikanta Das assumed charge as the 25th Governor of the Reserve Bank of India.(Bloomberg)

New RBI governor Shaktikanta Das takes charge, has a long to-do list

Bloomberg | By Siddhartha Singh and Anirban Nag
UPDATED ON DEC 12, 2018 01:48 PM IST
The new central bank governor Shaktikanta Das has a list of challenges to face as he takes office: from fixing a banking crisis to convincing investors of the institution’s autonomy.
Shaktikanta Das, a former official in the Finance Ministry, was on Tuesday appointed the new RBI Governor, a day after Urjit Patel quit amid tiff with the government.(Shaktikanta Das)
Shaktikanta Das, a former official in the Finance Ministry, was on Tuesday appointed the new RBI Governor, a day after Urjit Patel quit amid tiff with the government.(Shaktikanta Das)

After Urjit Patel’s exit, ex-bureaucrat Shaktikanta Das takes over as RBI governor

Hindustan Times | By HT Correspondent
UPDATED ON DEC 12, 2018 09:26 AM IST
A former economic affairs secretary from 2015 to 2017, Das worked closely with the central bank. He is currently a member of the Finance Commission of India, and the government’s representative at the Group of 20 summits,
Prime Minister Narendra Modi along with his Cabinet Ministers addresses the media during the first day of Parliament Winter Session in New Delhi, India on Tuesday, December 11, 2018.(Sonu Mehta/HT PHOTO)
Prime Minister Narendra Modi along with his Cabinet Ministers addresses the media during the first day of Parliament Winter Session in New Delhi, India on Tuesday, December 11, 2018.(Sonu Mehta/HT PHOTO)

Modi’s road to re-election gets bumpier: Balance of power

Bloomberg | By Iain Marlow
PUBLISHED ON DEC 11, 2018 05:10 PM IST
The resignation of RBI chief Urjit Patel was a surprise and the state elections are adding to the turmoil in Indian markets.
A security guard stands at the gate of the Reserve Bank of India (RBI) headquarters in New Delhi, India.(Bloomberg)
A security guard stands at the gate of the Reserve Bank of India (RBI) headquarters in New Delhi, India.(Bloomberg)

Who will be the next RBI governor, some probable candidates here

By Vrishti Beniwal, Bloomberg
UPDATED ON DEC 11, 2018 11:47 AM IST
There’s no obvious successor yet, and given the cloud under which Patel left -- amid a public fight with the government over the Reserve Bank of India’s autonomy -- investors are naturally anxious about who will take the helm.
Stocks, bonds and the rupee fell on Monday after exit polls of assembly elections in five states projected a likely setback for the BJP(Pratik Chorge/HT Photo)
Stocks, bonds and the rupee fell on Monday after exit polls of assembly elections in five states projected a likely setback for the BJP(Pratik Chorge/HT Photo)

Sensex bounces back to green, NSE up by 14.85 points

Mumbai, Hindustan Times | By Agencies
UPDATED ON DEC 11, 2018 01:36 PM IST
At 1:06pm, the Sensex traded at 35,059.18, up 99.46 points, or 0.28%, from Monday’s close of 34,959.72 points.
An attendant at a fuel station arranges Indian rupee notes in Kolkata, India, August 16, 2018.(REUTERS)
An attendant at a fuel station arranges Indian rupee notes in Kolkata, India, August 16, 2018.(REUTERS)

Rupee falls by 1.5% after Urjit Patel’s unexpected resignation

New Delhi | By HT Correspondent
UPDATED ON DEC 11, 2018 09:37 AM IST
The abrupt resignation of RBI chief has raised worries about further outflows from Indian markets.
NS Vishwanathan was appointed as RBI Deputy Governor on July 4, 2016 for a period of three years.(Aniruddha Chowdhury/Mint)
NS Vishwanathan was appointed as RBI Deputy Governor on July 4, 2016 for a period of three years.(Aniruddha Chowdhury/Mint)

Deputy governor NS Vishwanathan may be made RBI interim head: Report

Mumbai | By Press Trust of India
UPDATED ON DEC 11, 2018 08:10 AM IST
If appointed interim head, Vishwanathan would head the central board meeting scheduled this Friday, the sources said.
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