Articles tagged under: Urjit Patel

Amrit Manthan of modern day Indian economy on , we need to be Neelkantha for consuming the emanating poison till the nectar comes out: RBI governor Urjit Patel in Gujarat

March 14, 2018
Amrit Manthan of modern day Indian economy on , we need to be Neelkantha for consuming the emanating poison till the nectar comes out: RBI governor Urjit Patel in Gujarat

Gandhinagar: Governor, Reserve Bank of India (RBI), Dr Urjit Patel today delivered a special lecture in the Gujarat National Law University (GNLU)- on 'Banking Regulatory Powers should be Ownership Neutral' and highlighted some fundamental issues that exist in the regulation of banks, in particular public sector banks (PSBs). While inaugurating the Centre for Law and Economics and as a prelude to the GNLU Conference on Banking and Finance to be held this weekend (17-18 March 2...Read More

Urjit Patel for unified regulator for GIFT City IFSC

January 11, 2017

Gandhinagar: Urjit Patel, Governor of Reserve Bank of India(RBI) today addressed a session on IFSC at Vibrant Gujarat Summit. Presented here is his speech. He made a case for unified regulator for International Financial Service Center(IFSC) and said there's need for high level working group to look into legal framework and swift dispute resolution in IFSC. Full text of his speech: We are gathered here today to commemorate the establishment and success of GIFT, India’s first Internat...Read More

Demonetisation to have transformative effect on economy: Urjit Patel

December 29, 2016
Demonetisation to have transformative effect on economy: Urjit Patel

Mumbai: RBI Governor Urjit Patel on Thursday said the demonetisation exercise will have "far reaching changes" towards a transformative effect on the economy going forward, despite some short-term disruptions and "public hardship". He also cautioned that there was "little room for complacency and it is important to guard against sporadic volatility in financial markets". "The withdrawal of specified bank notes will impart far reaching changes going forward. It is expected to significantly ...Read More

Anti-demonetization politicians go further low: RBI Governor heckled at Kolkata airport

December 16, 2016

Kolkata: In a demonstration of cheapest possible tactic, a group of alleged Congress workers today heckled RBI governor Urjit Patel over demonetisation issue at the NSC Bose airport here. Chanting slogans like "Urjit Patel go back" and "Urjit Patel hai, hai", over a dozen persons tried to block his way when Patel stepped out of a car at the airport on his way back to Mumbai. They came too close for Patel's comfort as he started walking towards the entrance of the airport terminal. Polic...Read More

RBI Guv gets Rs 2 lakh pay, no supporting staff at home

December 04, 2016
RBI Guv gets Rs 2 lakh pay, no supporting staff at home

New Delhi: RBI Governor Urjit Patel gets a little over Rs 2 lakh as salary and has not been provided with any supporting staff at his residence, the central bank has said. Patel, who took over as RBI Governor in September, is presently in possession of the bank's flat (Deputy Governor's flat) at Mumbai, it said. "No supporting staff has been provided to the present Governor, Urjit Patel at his residence. Two cars and two drivers have been provided to the present Governor," RBI said in repl...Read More

Change of guard at RBI: Urjit Patel’s tenure begins

September 06, 2016
Change of guard at RBI: Urjit Patel’s tenure begins

Mumbai:In a low-key affair, Urjit Patel has begun his innings as Reserve Bank's new Governor with a private off-media 'handover' ceremony today -- a marked departure from his predecessor Raghuram Rajan announcing big-bang reforms on his first day itself three years ago. Traditionally, the handover of charge by the outgoing Governor to the new head of the central bank has been a public affair and had taken place in the past in front of media cameras and this was also the case when Rajan had ta...Read More

Urjit Patel assumes charge as new RBI Governor

September 05, 2016
Urjit Patel assumes charge as new RBI Governor

Mumbai: Urjit Patel who took over as the 24th Governor of Reserve Bank will have a tough task in maintaining the legacy of his predecessor, Raghuram Rajan, and balance the need to contain inflation without hurting growth. Patel assumed charge effective September 4, 2016, after serving as deputy governor since January 2013, RBI said in a statement today. He was reappointed as deputy governor on January 11, 2016, after the completion of his first three-year term in office. Ensuring undisr...Read More

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