Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English

Lok Sabha Elections 2019Exit Poll Results

All India Figures

Assembly Elections 2019 Exit Poll Results

»
1-min read

Govt Likely to Make Announcement on Next RBI Governor Soon, Says Finance Secretary

RBI has been rendered headless following Patel's unexpected resignation, with immediate effect, Monday.

PTI

Updated:December 11, 2018, 4:41 PM IST
facebookTwittergoogleskypewhatsapp
Govt Likely to Make Announcement on Next RBI Governor Soon, Says Finance Secretary
File photo of RBI headquarters in Mumbai. (Reuters)
Loading...
New Delhi: The government is likely to make an announcement regarding Urjit Patel's successor as Reserve Bank of India's Governor later in the day, Finance Secretary A N Jha said.

RBI has been rendered headless following Patel's unexpected resignation, with immediate effect, Monday.

Patel, who is the first governor since 1990 to step down before his term ends, in a brief statement, cited "personal reasons" for the decision.

The decision to quit comes four days ahead of a crucial meeting of the board of the central bank that could have discussed issues of simmering differences with the government.

It is expected that the board meeting may be deferred as there is no regular governor.

Speaking to reporters, Jha said, some communication from the government on RBI is expected.

Patel's three-year term was to end in September 2019, and he was eligible for a second term like most of his successors, barring a few like his outspoken predecessor Raghuram Rajan.

A Kenyan national who acquired an Indian citizenship prior to being appointed Deputy Governor of RBI in January 2013, Oxford-trained Patel was initially seen as toeing government line after he backed the November 2016 shock decision to overnight junk 86 per cent of the currency in circulation.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
Bajaj Finance 3,301.10 6.14
Yes Bank 134.15 -2.61
Interglobe Avi 1,473.75 0.60
Reliance 1,267.40 0.16
HDFC Bank 2,362.10 2.23
Company Price Change %Gain
Yes Bank 134.55 -2.36
Bajaj Finance 3,301.20 6.09
Reliance 1,265.70 0.13
Interglobe Avi 1,474.00 0.50
ICICI Bank 390.30 2.23
Top Gainers
Company Price Change %Gain
Zee Entertain 372.15 7.65
Bajaj Finance 3,301.10 6.14
Bajaj Finserv 7,992.95 4.93
Hero Motocorp 2,622.55 4.06
Maruti Suzuki 6,706.85 3.51
Company Price Change %Gain
Bajaj Finance 3,301.20 6.09
Hero Motocorp 2,623.50 4.26
Maruti Suzuki 6,707.20 3.53
Kotak Mahindra 1,460.70 3.31
Bajaj Auto 3,041.80 3.30
Top Losers
Company Price Change %Gain
Yes Bank 134.15 -2.61
Dr Reddys Labs 2,745.00 -2.00
Vedanta 160.95 -1.56
Hindalco 191.70 -1.49
Infosys 723.90 -1.25
Company Price Change %Gain
Yes Bank 134.55 -2.36
Vedanta 160.80 -1.44
Infosys 723.80 -1.42
HCL Tech 1,061.60 -1.15
Sun Pharma 408.00 -0.74

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results