41 Quotes by Urjit Patel

The staff members of all banks have worked very hard, and we all owe them our gratitude.

The RBI is interacting with the banks every day.

We should redefine the metric for effective lending, viz., prioritise loans to enterprises, which will generate more employment.

The materialisation of reforms in the form of rollout of the GST, the institution of Indian Insolvency and Bankruptcy Code, and the abolition of the Foreign Investment Promotion Board should boost investor and investment confidence.

Growth is always there in the MPC's scheme of things; we don't lose sight of that, but not at the cost of inflation.

If very fundamental reforms take place, especially when it comes to factors of production like land, labour, then a higher growth rate is possible.

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

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

There will always be divergence of views on the output gap, as it is unobservable in a rigorous direct sense. There are only estimates. How can there be a strong consensus on that?