N.S. Viswanathan, the senior-most Deputy Governor, likely to hold charge as RBI’s interim lead New Delhi: In a surprise move, the Reserve Bank of India (RBI) Governor Urjit Patel resigned last evening, citing personal reasons. Commenting on the development, former RBI Governor Raghuram Rajan said “Resignation of the RBI Governor is a matter of grave…
By T.J.S. George Finance Minister Arun Jaitley has the advantage of knowing that he is always right. Reserve Bank Governor Urjit Patel has taken his own time to learn that. Which is Patel’s problem. He started out as Jaitley’s handpicked man to replace Raghuram Rajan who simply had to go as Arvind Panagariya had to…
Bengaluru: The Reserve Bank of India (RBI) has warned that if Nationalised and Cooperative Banks waive of farmers’ loans, the day is not far off when Banks will go bankrupt. RBI Governor Urjit Patel has written letters to the Chief Ministers of all States in this regard, expressing his displeasure and said that banks continuing…
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