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
Can further rate cuts revive investor sentiment?
As the economy weakens, pressure is building on the central bank for another rate reduction
September 11, 2019
Urjit Patel's impersonal exit
The government’s demand for transfer of Rs.360,000 crore from its reserves is Plan B for the failure of demonetisation
N Mahalakshmi - December 11, 2018
How to Make Money
Investors are now more addicted to the financial economy than to old-fashioned capitalism
William H Gross - June 16, 2017
Happiness runs
Yields will gradually rise, yet they will stay artificially low due to QE of foreign central banks
William H Gross - March 06, 2017
Panic haven
A spur in gold investments has fuelled the yellow metal's demand in the west
November 07, 2016
