Government Quote by Urjit Patel

“Government should eschew suasion and directives to banks on interest rates that run counter to monetary policy actions.”

Urjit Patel

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More by Urjit Patel

Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.

Urjit Patel

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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

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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

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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

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I think India's policy that the openness of trade should be carried through a multilateral process is the right one.

Urjit Patel

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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

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It is important to recognise near- and medium-term risks to the inflation outlook.

Urjit Patel

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There is little room for complacency, and it is important to guard against sporadic volatility in financial markets.

Urjit Patel

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Large credit guarantees also impede optimal allocation of financial resources and increase moral hazard.

Urjit Patel

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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

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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

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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

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