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Government likely to make announcement on RBI soon: Finance Secretary

Tuesday, December 11, 2018, 2:34 PM

The government is likely to make an announcement regarding Urjit Patel's successor as Reserve Bank of India's Governor later in the day, Finance Secretary A.N.Jha said. RBI has been rendered headless following Patel's unexpected resignation, with immediate effect, Monday. Patel, who is the first governor since 1990 to step down before his term ends, in a brief statement, cited "personal reasons" for the decision.
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RBI's Central Board explained: What it is, how members are appointed

Saturday, November 17, 2018, 8:40 AM

RBI Governor Urjit Patel has convened a meeting of the board of directors of the Central Bank on November 19 to discuss issues related to liquidity for NBFCs, credit for MSMEs and new economic capital framework. The RBI Central Board which constitutes 21 members including the Governor and maximum of four deputy governors is appointed in accordance with the RBI Act of 1934.
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RBI a seat belt for govt, autonomy must be respected: Raghuram Rajan

Tuesday, November 6, 2018, 7:38 PM

Amid mounting tension between the Reserve Bank and the finance ministry, former RBI governor Raghuram Rajan Tuesday said the central bank is like a seat belt in a car, without which accidents can happen. Pitching for respecting the institutional autonomy of the RBI, he said the central bank has the liberty to say no if the government pushes it to be lenient.

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