Mumbai: Shaktikanta Das on Wednesday assumed charge as the 25th Governor of the Reserve Bank of India. The government on Tuesday appointed Shaktikanta Das, who as Economic Affairs Secretary steered the monetary situation post-demonetisation, as the new RBI Governor, a day after Urjit Patel resigned amidst a tiff with the[Read More…]
Tag: RBI governor
Shaktikanta Das appointed new RBI governor
Shaktikanta Das has been appointed new Reserve Bank of India (RBI) governor for three years term. Das is a retired 1980 batch IAS officer of Tamil Nadu cadre. He has served as the Economic Affairs Secretary of India from August 2016 to May 2017. He currently is a member of[Read More…]
Here are some key personalities who have resigned under the Modi regime
With Urjit Patel calling it a day the list of resignations occurring under the Modi government increases further. Urjit Patel resigned from his post of RBI Governor 9 months before his term would have ended in September 2018. Other key persons who have quit after the Modi govt came to power are[Read More…]
Urjit Patel’s resignation severe blow to economy: Manmohan Singh
New Delhi: Expressing sadness over RBI Governor Urjit Patel’s resignation, former Prime Minister Manmohan Singh on Monday said Patel’s sudden decision to demit office is a severe blow to the Indian economy. In a statement, Singh described Patel as an “economist of high repute and also someone who cared deeply[Read More…]
RBI Governor Urjit Patel steps down
Urjit Patel, the Governor of Reserve Bank of India has given his resignation from the post on Monday December 10. Patel said he was resigning on the account of personal reasons. “On account of personal reasons, I have decided to step down from my current position (RBI Governor) effective immediately.[Read More…]
RBI acts as seat belt for Govt; protects it in case of accident: Raghuram Rajan
New Delhi: Former RBI Governor Raghuram Rajan described the apex bank as a “seat belt” for the Central government which is in the driver’s seat, protecting the government against any “accident”. Speaking to business news channel CNBC-TV18, Rajan said that historically governments have wanted to focus on economic growth but[Read More…]
Raghuram Rajan blames over optimistic bankers, growth slowdown for bad loans crisis
Over-optimistic bankers, a slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to a Parliamentary panel. In a note to Chairman of Estimates Committee Murli Manohar Joshi, he said: “A variety of governance problems such as the suspect allocation of coal mines[Read More…]
RBI new rules for defective notes refund
Reserve Bank of India has introduced new rules for the mutilated notes refund. On Friday RBI issued an advisory to all its branches for the exchange of mutilated/defective notes. As per the new amendments to the Reserve Bank of India (note refund) rules 2009, the public can exchange mutilated notes in Mahatma[Read More…]
Currency war hovers as threat to India’s growth, says RBI governor Urijit Patel
Mumbai: The Reserve Bank of India on Wednesday said that the possibility of global protectionist measures culminating into currency wars can hamper India’s growth prospects. We already had a few months of turbulence behind us and it looks like that this is likely to continue for how long I don’t know.[Read More…]
RBI Governor called by parliamentary panel on May 17
New Delhi: A parliamentary panel has called RBI Governor Urjit Patel on May 17 to answer queries on banking frauds and the powers that the central bank needs for better regulation of public sector banks (PSBs). Sources said the decision was taken at a meeting of the Standing Committee on Finance,[Read More…]
Modi govt looking for math tutor, Rahul Gandhi mocks govt as RBI still counting demonetised notes
Taking a jibe at the Centre, Congress vice-president, Rahul Gandhi, on Thursday slammed the RBI governor, Urjit Patel, as he defended the delay in the counting of old demonetised notes of Rs 500 and Rs 1,000. He took to Twitter to slam the RBI chief. He wrote, “Government of India[Read More…]