Michael Patra named new RBI deputy governor
Michael Patra, who will take over as the fourth deputy governor, is likely to manage key portfolios such as monetary policy.
Michael Patra, who will take over as the fourth deputy governor, is likely to manage key portfolios such as monetary policy.
The government moved swiftly and appointed Shaktikanta Das as RBI governor after Urjit Patel’s abrupt resignation. But can Das stabilise the rocky relationship between the government and the RBI?
A Fortune India special on the resignation of former RBI governor Urjit Patel, the appointment of Shaktikanta Das, and other questions surrounding the autonomy and independence of the institution.
Does the RBI hamper growth, and obstruct the major objective of the government – creating jobs and alleviating poverty?
Post the first meeting under the chairmanship of newly appointed governor, Shaktikanta Das, the RBI’s central board said the governance framework required a closer look.
The former economic affairs secretary has been appointed the governor of India’s central bank for a period of three years.
Despite news of the RBI governor’s resignation and state election results, Dalal Street rebounds to close 0.5% up.
RBI governor Urjit Patel’s resignation shows that on contentious economic issues there is no space for an amicable solution between the govt and the central bank in the current political scenario.
The story behind Urjit Patel’s resignation.
Move seen as fallout of bitter spat with government, comes days before RBI board meeting slated for December 14