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Ex-RBI Governor Urjit Patel: Appointed As Vice President of AIIB

Former RBI Governor Urjit Patel has been appointed as a Vice President of the Beijing-based multilateral funding institution AIIB, according to sources in the bank on Sunday. India is a founding member of the Asian Infrastructure Investment Bank (AIIB) with the ...

RBI's Board Meet On December 14; No Changes On Urjit's Abrupt Exit

On Tuesday, Economic Affairs Secretary Subhash Chandra Garg affirmed that the previously decided RBI board meet stands and there is no change as of now after Urjit Patel resigned from his position as the RBI governor abruptly after market hours on ...

PSU Banks Turn Biggest Gainers, Snub Urjit's Patel Exit; Nifty PSU Bank Up Over 2%

Even as a lot of action in today's stock market trajectory is based on the elections outcome in 5 states, stock market was expected to trade highly volatile due to sudden and surprise exit of RBI's governor Urjit Patel after market ...

Urjit Patel May Resign As RBI Governor On November 19: Report

As per an online financial publication report, RBI governor Urjit Patel may put down his papers at the central bank's next board meeting on November 19, in case the rift between the centre and RBI escalates further. The report citing sources ...

Sudha Balakrishnan Appointed As First Ever CFO Of RBI

In a major management rejig, Sudha Balakrishnan, erstwhile NSDL executive has been appointed as the first ever CFO of the Reserve Bank of India. A Chartered Accountant by profession Sudha will be the 12th executive director of the RBI with a ...

RBI Explains Why it Did Not Change Key Rates in Policy

The Reserve Bank did not go in for a hike in key rates yesterday, despite expecting a surge in inflation going forward, as the price rise is being driven by higher house rent allowance (HRA) to government employees, Governor Urjit Patel ...

RBI Has Cut Staff Holidays To Count Junked Notes: Urjit Patel

The Reserve Bank has cut staff holidays to complete counting of currency notes which returned to the system post demonetization and has also ordered more machines to expedite the process, Governor Urjit Patel today informed the parliamentary panel on finance. The ...

Here's The Salary Of RBI Governor Urjit Patel

RBI Governor Urjit Patel and his deputies have got a big pay hike with the government nearly tripling basic salary to Rs 2.5 lakh and Rs 2.25 lakh per month, respectively. The "basic pay of the Governor and Deputy Governors" have ...

RBI Supports Bad Bank Idea

In a departure from its earlier stand, the Urjit Patel-led Reserve Bank today appeared to be receptive to the 'bad bank' concept floated by Chief Economic Advisor Arvind Subramanian in the Economic Survey. "We have to remain open to all solutions ...

Doesn't Know Exact Number Of Scrapped Notes: RBI

More than 72 days after demonetization, the Reserve Bank of India (RBI) has said it still does not know the "exact number" of junked currency notes that were in circulation and it is still "reconciling" the number of notes that were ...

Viral V Acharya Appointed As New Deputy Governor

The government appointed Viral V Acharya, a professor of Economics in the Department of Finance at the New York University (NYU), new Deputy Governor at the Reserve Bank of India. The Appointments Committee of the Cabinet cleared the appointment for three ...

RBI Governor Urjit Patel Gets 2 Lakh As Salary

The Reserve Bank Of India governor gets a little over Rs 2 lakh as salary. 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 ...

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