Author: Urjit Patel

Quotes

People were holding high denomination notes to keep tax unaccounted for money. Some sectors like real estate were using cash to avoid tax.

People were holding high denomination notes to keep tax unaccounted for money. Some sectors like real estate were using cash to avoid tax.

- Urjit Patel

I think that it is important that one grows a thick skin fast in this business, and I think we have done that.

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

I think it is important that we should be on the side of keeping borders open with respect to trade and movement of factors of production.

I think it is important that we should be on the side of keeping borders open with respect to trade and movement of factors of production.

- Urjit Patel

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

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

- Urjit Patel

Divestment measures would improve overall banking sector health.

Divestment measures would improve overall banking sector health.

- Urjit Patel

We have been mandated by the government, backed by legislation, that we have to have an inflation target of about 4%.

We have been mandated by the government, backed by legislation, that we have to have an inflation target of about 4%.

- Urjit Patel

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