A failure on the part of banks, the government and the regulator till 2014 has got us into the current bad loan mess and the resultant low capital buffers, Urjit Patel, the past Reserve Bank Governor, has said, asking all to resist the temptation of going back to the status quo. In his first comments after resigning as RBI governor on December 10 last year amid sharp differences with the government, Patel said banks indulged in over-lending, while the government did not 'fully play' its role, and also conceded that the regulator should have acted earlier.
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A failure on the part of banks, the government and the regulator till 2014 has got us into the current bad loan mess and the resultant low capital buffers, Urjit Patel, the past Reserve Bank Governor, has said, asking all to resist the temptation of going back to the status quo. In his first comments after resigning as RBI governor on December 10 last year amid sharp differences with the government, Patel said banks indulged in over-lending, while the government did not 'fully play' its role, and also conceded that the regulator should have acted earlier.
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RBI launches new batch of Rs 500 notes. Denomination. The Reserve Bank of India (RBI) on Tuesday said it is launching a new batch of Rs 500 notes. 'In continuation of issuing of Rs 500
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Why Reserve Bank of India Governor Urjit Patel missing in action when our Prime Minister Narendra Modi is escalating war on Cash?? DISCLAIMER
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Reserve Bank of India Governor Urjit Patel resigned today...
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