I think that is a very important milestone in our economic history that the monetary policy is now determined through a committee process where there are both independent committee members and representation from the RBI. — Urjit Patel Copy Share Image
The monetary policy committee could either keep rates constant, increase them, or bring them down. There are three options possible compared to when it is accommodative. — Urjit Patel Copy Share Image
Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate. — Urjit Patel Copy Share
One of the things that the public sector banks need to do is to raise private capital from the market and not rely on… — Urjit Patel Copy Share
As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if… — Urjit Patel Copy Share
Valid criticism is something that we are open for, and we take it in the spirit in which it is given and try to… — Urjit Patel Copy Share
I think India's policy that the openness of trade should be carried through a multilateral process is the right one. — Urjit Patel Copy Share
The best way that a central bank can support growth on a durable basis is to ensure inflation is low, stable - there is… — Urjit Patel Copy Share
It is important to recognise near- and medium-term risks to the inflation outlook. — Urjit Patel Copy Share
There is little room for complacency, and it is important to guard against sporadic volatility in financial markets. — Urjit Patel Copy Share
Large credit guarantees also impede optimal allocation of financial resources and increase moral hazard. — Urjit Patel Copy Share
Very few countries grow at high rate if inflation is high and volatile. I think, in a way, we are doing our bit to… — Urjit Patel Copy Share
I think that it is important that one grows a thick skin fast in this business, and I think we have done that. — Urjit Patel Copy Share
Remonetisation has happened at a fast pace, and that was part of the plan that, subsequent to the withdrawal of the specified bank notes,… — Urjit Patel Copy Share
There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number… — Urjit Patel Copy Share
Enhanced transparency has helped to reinforce the stability of India's financial system. — Urjit Patel Copy Share
The materialisation of reforms in the form of rollout of the GST, the institution of Indian Insolvency and Bankruptcy Code, and the abolition of… — Urjit Patel Copy Share
