What Led to Urjit Patel’s Resignation? An Insider Explains

There have been resignations in the Reserve Bank of India (RBI), but governor Urjit Patel’s in 2018 over policy differences was a rare event in the history of the central bank, writes former finance secretary Subhash Chandra Garg in his book. He details the frustration of the government with the RBI under Patel and the circumstances that eventually culminated into the latter posting his resignation on the RBI website

October 31, 2023

Central Bank Of India, Est. 1911

Central Bank of India was established in 1911 as the first commercial bank to be wholly owned and managed by an Indian. The bank was founded by Sorabji Pochkhanawala, a Parsi banker from Mumbai who was influenced by the swadeshi movement.

July 30, 2023

RBI’s Unsure Walk With E-Rupee

The central bank’s discourse on CBDC is caught between its abhorrence for private digital currencies and FOMO on innovation in global financial order. Its cautious steps on e-rupee may conceptually sit well with a government that wants a digitised economy, but they put a question mark on the bank’s intent on the ground 

Neeraj Thakur - December 31, 2022

How long can this loony financing continue?

Generous central bank intervention continues to distort the valuation of all financial assets

Chaitanya Dalmia - August 02, 2021

The need of the hour — both fiscal and financial stability

Only a fine balancing act will help India survive COVID-19  

Viral Acharya - August 26, 2020