Tag: Urjit R. Patel

Fitch Ratings: RBI Governor resignation highlights risks to policy priorities

Newsroom24x7 Network Hong Kong/Singapore: The resignation of the Reserve Bank of India (RBI) governor on 11 December follows a period of government pressure on the central bank to spur economic growth, and highlights risks to the RBI’s policy priorities, says Fitch Ratings. The RBI’s efforts to address bad loan problems have the potential to improve

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Urjit Patel quits as RBI Governor

Newsroom24x7 Network Mumbai: ReservevBank of India Governor Urjit R Patel has cited personal reasons and stepped down frim his position with immediate effect. Urjit Patel’s Statement On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve

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General level of activity in the Indian economy is still very low

Newsroom24x7 Desk Mumbai: Ten months after the formation of the Narendra Modi led Central Government, the members who attended the thirty-eighth meeting of the Technical Advisory Committee (TAC) on monetary policy of Reserve Bank of India last month felt that the general level of activity in the Indian economy is still very low and except for railways and power (transmission and distribution),

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