The Parliamentary panel on finance will present its report on demonetization in the upcoming Monsoon Session and RBI Governor will not be called again on the note ban issue, the committee’s chairman M Veerappa Moily said today. During the more than three-hour long meeting of the Standing Committee on Finance here today, RBI Governor Urjit Patel took a lot of questions but many members said the central bank chief did […]

RBI Governor Urjit Patel and his deputies have got a big pay hike with the government more than doubling their 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 been revised retrospectively with effect from January 1, 2016 and marks a huge jump from Rs 90,000 basic pay so far drawn by the governor and Rs […]

Ending days of speculation, deputy RBI Governor Urjit Patel has been appointed as the new Governor of the Central Bank. He will succeed Raghuram Rajan. Patel, the 24th RBI Governor, will serve a three-year term with effect from September 4. “The Appointments Committee of Cabinet has approved the appointment of Dr. Urjit R. Patel as Governor, Reserve Bank of India for a period of three years,” said the statement from […]