Lower inflation can bring down deposit rates: Urjit Patel

The Reserve Bank is collecting information regarding the alleged acts of money laundering by the countrys three largest private sector banks, its Deputy Governor Urjit Patel said today....

The RBI will be able to manage the government's borrowing programme for the next fiscal, Urjit Patel, a deputy governor at the Reserve Bank of India, said on Thursday, after the government unveiled a higher-than-expected gross borrowing number.

India has taken a measured approach to easing monetary policy partly because of a record current- account deficit, according to Reserve Bank of India Deputy Governor Urjit Patel. "Given that there is a current-account deficit issue, weve followed a ...

(Updates with Patel's comments on inflation in final paragraph.) April 16 (Bloomberg) -- Proposals for India's biggest opening to foreign investment since the 1990s may be ready in June as the government extends reforms to revive growth before the ...

The Central Board of Directors of the Reserve Bank of India met today at Srinagar. Dr. D. Subbarao, Governor, Reserve Bank of India chaired the meeting. Directors, Shri Kiran Karnik, Prof. M. V. Rajeev Gowda, Shri Y.H. Malegam, Prof. Dipankar Gupta, ...

Subbarao D, RBI governor The Reserve Bank of India (RBI) today said there is less scope for further easing. "The headroom for monetary policy actions is much less than we had in the pre-crisis years or in the immediate post crisis period and we have ...

We recognize that even if we cut rates, if liquidity is not comfortable, transmission will not take place. So we remain committed to the objective of maintaining the liquidity in the range of plus/minus 1% of NDTL, using all instruments available to ...

The Reserve Bank of India's (RBI) third straight rate cut so far in 2013 may not be a surefire tool to revive investment unless supply constraints are eased, Deputy Governor Urjit Patel told reporters in a post-policy talk on Friday. Patel also said ...

In 2013-2014, Finance Minister P Chidambaram said growth would be between 6.1% and 6.7%. In 2014-2015, India, he said, wants growth to be above 7%. Suman Guha Mozumder reports from New York. Finance Minister P Chidambaram believes India's current account deficit situation will be much better in the January-March quarter this year than it was in the last quarter. Speaking to the media in New York on Wednesday, Chidambaram said India's current account deficit in 2013 would will be around 5% or a ...