According to sources, the panel headed by veteran Congress leader Veerappa Moily sought answers from Patel over bad loans, bank frauds, cash crunch and other issues during the meeting.
Although the real GDP growth was moderated to 6.6 per cent from 7.1 per cent a year ago, there was a strong rebound in the second half of the year on the back of a turnaround in investment demand, he said.
On November 8, 2016, the Centre banned Rs 500 and Rs 1,000 currency notes to curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activities and terrorism.
Economic history had shown repeatedly that only healthy banks lend to healthy firms and borrowers, creating a cycle of investment and job creation.
Rajan was RBI governor in February 2016 when he was asked by the government for his views on junking of old 500 and 1,000 rupee notes, he revealed in his book 'I do what I do'
RBI Governor Urjit Patel has said the Indian banking system could be better off if some public sector banks are consolidated to have fewer but healthier entities.
RBI Governor Urjit Patel and his deputies have got a big pay hike with the government more than doubling their basic salary to Rs 2.5 lakh and Rs 2.25 lakh per month, respectively.
A Parliamentary Panel has decided to summon Reserve Bank of India Governor Urjit Patel again to ascertain how much of the junked currency has been deposited in banks post note ban. The meeting of the
Reserve Bank of India (RBI) Governor Urjit Patel today said that the cash flow in the country will soon be as normal as before. Patel, according to sources, said this before the Public Accounts Committee
Staging a protest against operational “mismanagement” post demonetisation decision, the Reserve Bank of India (RBI) officials on Friday wrote to Governor Urjit Patel. In a letter, they said autonomy and image of RBI has been
RBI Governor Urjit Patel today 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".
Reserve Bank Governor Urjit Patel will brief the Parliamentary Committee on Finance about the demonetisation process and its impact on Thursday. “Briefing by the governor, RBI, on the subject ‘Demonetisation of Indian currency notes of
Reserve Bank of India Governor Urjit Patel was on Thursday shown black flags at the airport here during a protest by Congress workers against demonetisation.
West Bengal Chief Minister Mamata Banerjee, who recently criticised Reserve Bank of India (RBI) Governor Urjit Patel for being silent on people's suffering due to Centre's demonetisation move, is likely to meet him here on Thursday.
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.
A post that has now gone viral on social media targets RBI Governor Urjit Patel for his silence since the demonetisation of Rs 500 and Rs 1000 currency notes. Titled ‘missing’ in bold capital letters,
Urjit Patel on Monday assumed charge as the 24th Governor of Reserve Bank of India, succeeding Raghuram Rajan whose three-year controversy-ridden tenure ended on Sunday.
Demitting office today, Reserve Bank of India (RBI) Governor Raghuram Rajan will hand over the charge of the central bank to Deputy Governor Urjit Patel. In honour of the outgoing RBI chief, a farewell dinner
The appointment of Urjit R. Patel as the new Reserve Bank of India (RBI) Governor is expected to give a positive boost to the Indian equity markets during the upcoming week.
In a development that was eagerly awaited for two months now, the government today named economist and banker Urjit R. Patel the next Governor of the Reserve Bank of India (RBI). Patel, 52, a Deputy
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