The crucial board meeting is expected to see discussion on various issues including governance reforms at the RBI
Mild-mannered, Shaktikanta Das is known to rarely lose his cool and focus mostly on looking at solutions through consensus
RBI maintains that its intervention in the foreign exchange market is to curb volatility in the rupee
The official said as the pilot projects are on already, the bank hopes to provide such services soon
The contravention is with regard to RBI's directions on Frauds- Classification and Reporting by Commercial Banks
The Niti Aayog vice chairman also assured that the government will do whatever is required to continue its business as usual
The first step is for Prime Minister Narendra Modi to appoint an interim governor, as has been the practice in the past
Patel's decision to leave rather than accept the threat to the RBI's autonomy has a certain nobility. But he might have offered a fuller explanation of the circumstances behind his exit
It had been in the making for some time, says Kerala finance minister and senior CPI(M) leader
RBI had turned down the bank's stake dilution plan through non-convertible preference shares
The public sector lender said, the fund is planned to be raised during January to March, next year
It earned Rs 1.55 trillion as interest and Rs 97.68 billion as dividend, returning a yield of 7.71% for the year
Announces his decision in a statement posted on RBI's official website
Assocham Secretary General Uday Kumar Verma said it was 'inappropriate' to make a comment on the matter, terming it as an issue between the government and the RBI
RBI board member S Gurumurthy says Patel's exit comes as a shock since the November board meeting was held in such a 'cordial atmosphere'
On Monday, Urjit Patel resigned from the position of RBI governor citing personal reasons
Patel cited 'personal reasons' for his resignation
Bhattacharya will succeed former banker M V Nair, who is stepping down after completing five years with the company
There was overall growth across all product segments such as health insurance, personal accident and travel, and commercial products and crop insurance
Chief Economist Maurice Obstfeld said International Monetary Fund does not want politicians 'manipulating' central banks for political ends