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All that happened after RBI Governor Urjit Patel resigned

Tuesday, December 11, 2018, 8:42 AM

Monday, December 10 was expected to be a non-happening day as all the happenings were expected to happen on December 11, when assembly election results of Madhya Pradesh, Rajasthan, Chhattisgarh, Telangana and Mizoram will be announced. But Monday had its own plans. With the resignation of Reserve Bank of India (RBI) Governor Urjit Patel, the Narendra Modi government suffered a massive unsuspecting blow.
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RBI challenges CIC notice to Urjit Patel

Tuesday, December 4, 2018, 8:40 AM

The Reserve Bank of India has challenged the Central Information Commission's show-cause notice to Governor Urijit Patel directing him to disclose the list of wilful defaulters of bank loans. The transparency watchdog, which had kicked-up a political storm by issuing the notice, had given the RBI until November-26 to respond. Acharyulu had passed a scathing order and issued the notice to Patel on November-2.
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RBI panel begins 3-day meet on interest rate

Monday, December 3, 2018, 6:34 PM

The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, began its three-day policy review deliberations Monday amid expectations of status quo on interest rate. Experts are of the view that the RBI may not change the benchmark lending rate (repo) despite moderation in economic growth and easing inflation. The MPC meet will continue till December 5.

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