Deputy Governor

Urjit Patel assumes charge as RBI's 24th governor

Patel has assumed charge effective September 4, 2016, after serving as deputy governor since January 2013, RBI said in a statement today.

No losses as Indonesia and S.Korea c.bank websites hit by cyber attacks

The central banks of Indonesia and South Korea have been hit by cyber attacks on their public websites since activist hacking group Anonymous pledged last month to target banks across the world, senior officials in the two countries told Reuters.

Believe it or not, Raghuram Rajan not top paid man at RBI!

RBI Governor Raghuram Rajan, currently in the eye of the storm over his 'one-eyed is king among blind' remark, may be the most powerful person at the central bank, but he does not appear to be the top-paid one! As per the latest details published by the Reserve Bank of India (RBI) under the Right To Information Act, Rajan's total 'monthly emoluments' stood at Rs 1,98,700. This included a basic pay of Rs 90,000, Dearness Allowance of Rs 1,01,700 and 'others' of Rs 7,000.

Urjit Patel takes over as RBI Deputy Governor

Renowned economist Urjit Patel today took charge as Deputy Governor of the Reserve Bank of India. He succeeds Subir Gokarn, who completed his term last month.

Economist Urijit Patel appointed as deputy Guv of RBI

Economist and public finance expert Urjit R Patel has replaced Subir Gokarn who left office on December 31 after a three-year term and a one-month extension.

High Interest rates not responsible for slow growth

Reserve Bank of India Deputy Governor KC Chakrabarty pointed out "infrastructure is not suffering due to lack of finance."

Expect mild recovery in economic growth for 2012-13:RBI

The RBI in its annual monetary policy statement had projected an economic growth of 7.5 percent in the current fiscal.

RBI to keep liquidity tight till inflation eases

Banks borrowed Rs 1.96 lakh crore ($38.50 billion) from the central bank's repo window on Monday

Decline in commodity prices to aid policy easing: RBI

Moderating growth in India might help contain inflation, said Subir Gokarn, a deputy governor at the Reserve Bank of India.

RBI asks banks to use credit info for corporates

Noting that banks are using credit bureau information for lending to retail investors, Sinha pointed out that this is less used in case of corporate accounts now.