Urjit Patel’s appointment as new RBI Governor appeared to have support of BJP MP Subramanian Swamy who had launched a series of attacks against the outgoing Governor Raghuram Rajan. In a string of retweets and replies to his Twitter followers, Swamy said it will be utter "idiotic" to think he will attack Patel because he …
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August 20, 2016Eminent economist, consultant and banker Urjit Patel will be the next Governor of the Reserve Bank of India (RBI), the Central government announced on Saturday. Replacing Raghuram Rajan, 52-year-old Patel, a Deputy Governor since January 2013, will take over as the 24th chief of India’s central bank on September 4. The appointment has been made on …
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August 20, 2016Outgoing Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday suggested empowering of boards of state-run banks while making the case for a major reduction in government and regulatory oversight, including by the RBI itself. "Today, a variety of authorities — parliament, the Department of Financial Services, the Bank Board Bureau, the board of …
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August 16, 2016Reserve Bank of India Governor Raghuram Rajan has called for the need to tighten loan practices at state-run banks. "There is a need to tighten loan practices at state-run banks," Rajan said while addressing the annual bankers conference on Tuesday. "Loan sanctioning process should be shifted from the present committee-based approach to single banker taking …
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August 16, 2016Unfair to put moral code of conduct on RBI chief: Subbarao
August 13, 2016I had felt FCNR deposits to be an idiotic idea: Rajan
August 12, 2016Retail inflation rises to 6.07%, industrial production expands 2.1%
August 12, 2016Rajan''s term mischievously interrupted: Chidambaram
August 11, 2016Banks have not passed on full rate cut benefits, says Rajan
August 9, 2016Rajan keeps key interest rates unchanged in his last monetary policy
August 9, 2016Rajan may keep rate static in his last policy on Tuesday
August 8, 2016RBI likely to maintain status quo on Tuesday
August 7, 2016