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MICHAEL PATRA
What's key to India's forex defence? Patra suggests it's $1 trillion bufferFormer RBI Deputy Governor Michael Patra advocates for India to build foreign exchange reserves to at least $1 trillion. This substantial b...- India Inc needs to step up investment in order to reach the desired 8% growth rate: RBI's former Deputy governorFormer RBI Deputy Governor Michael Patra urges Corporate India to increase investments to sustain the nation's 8% growth trajectory. He hig...
- RBI Dy Guv Rao to head monetary policy as Patra term endsAnother deputy governor, T Rabi Sankar, has been given additional charge of financial market operations and the regulation departments.
- Inflation to align to the 4 percent target by FY'25-26: Michael PatraInflation is projected to align with the 4 percent target in the coming fiscal, according to Reserve Bank deputy governor Michael Patra. He...
- RBI's Michael Debabrata Patra urges deposit insurers, other such entities to enhance crisis preparednessThe central banker has also cautioned them about the use of central bank digital currencies (CBDC) as "safe haven" and therefore the bank d...
- Monetary policy will anchor India's growth ambitions, said RBI DG Michael PatraThe role of monetary policy will be crucial in navigating India's inflation rate with global levels which will help preserve both the inter...
- DICGC lags global peers in processing claims: Michael PatraDICGC takes about a month or more to reimburse deposits when a bank collapses, while the International Association of Deposit Insurers (IAD...
- Govt extends RBI deputy governor Michael Patra's tenure by one yearIndia has granted a one-year extension to the tenure of central bank deputy governor Michael Patra, as per a government document seen by Re...
- Post-pandemic spends dragged household savings in FY23, rate climbing up now: RBIThe household savings rate in India has hit a five-decade low in 2022-23, according to the Reserve Bank of India. Deputy Governor Michael P...
- No systemic risk build-up seen in India's bank credit: RBI Deputy Guv Michael PatraReserve Bank of India Deputy Governor, Michael Patra, stated that India is on track to become a $5 trillion economy by 2027 and there are c...
- RBI deputy governor Michael Debabrata Patra reappointed for one yearPatra, a career central banker since 1985, took over as the deputy governor on January 14, 2020.
- Lagged data, frequent reviews make monetary policy's task challenging: RBI DG Michael Patra"Monetary policy has to be forward-looking, and that is because when the policy rate is changed, it takes quite a while before it reaches l...
- US tells India that Indian ship used to move Russian-linked fuel to New YorkThe US Treasury Department told India that an Indian ship picked up oil from a Russian tanker on the high seas and brought it to a port in ...
- India's inflation fight will not be painless, says RBI deputy governor Michael PatraPatra said the central bank will not allow "jerky movements" of Rupee and stressed that the Indian currency has witnessed least depreciatio...
- India may relook inflation, growth projections, says RBI deputy governor Michael PatraThe central bank last month forecast GDP growth in the year beginning April to slow to 7.8% from an 8.9% pace estimated by the government f...
- India's growth recovery likely to be hurt by geopolitical crisis: RBI deputy governor Michael Patra"In a sense, India's growth story remains as weak as it was at the time of the 2013 taper tantrum. The recent reverberations of war have in...
- Meet Michael Patra, RBI's new deputy GovernorMichael Patra was appointed as RBI's deputy governor, replacing Viral Acharya, who left office on July 23.
- MPC member Michael Patra dissents this time in favour of a rate hikeThe justification of the stance by Patra will be in public domain only on February 21.
- MPC debate on rate cut may be over, for nowMichael Patra cautioned market prepare even for a rate increase, show the minutes of the MPC meeting.
- RBI ED Michael Patra to be RBI’s third member in MPC“On the RBI side, the board has selected Michael Patra to be the RBI nominee on the MPC ” said RBI governor Raghuram Rajan at the post poli...
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