Banks Quote by Urjit Patel

“The RBI is interacting with the banks every day.”

Urjit Patel

About This Quote

The RBI maintains daily interaction with banks to manage monetary policy and liquidity.

In simple terms: RBI talks to banks every day for monetary management.

Key Takeaway

Maintain regular bank communication.

Themes

banking monetary policy central bank liquidity

Mood

informative analytical

Type

policy finance

When to use this quote

daily meetings
liquidity monitoring
interest rate decisions
crisis response

Key Concepts

financial stability policy implementation

Questions to Reflect On

How does daily interaction improve policy outcomes?
What challenges arise from frequent communication?

A Different Perspective

Constant interaction may strain resources.

★ ★ ★ ★ ★ 3.9 out of 5 (8 ratings)

Banks Banks Day Day Every Every day Interacting Interacting Banks Rbi Interacting

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

Image

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

Image

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

Image

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

Image

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

Urjit Patel

Image

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

Image

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

Urjit Patel

Image

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

Urjit Patel

Image

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

Urjit Patel

Image

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

Image

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

Image

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

Image

Explore all 40 Urjit Patel quotes

More Banks quotes

What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…

Warren Stephens

Image

We now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a…

Hillary Clinton

Image

“Ever notice how the same politicians who claim to be against trickle-down economics have no problem bailing out banks and other politically connected businesses?”

Colin M. McGroarty