Urjit Patel Zitate auf Englisch

Zitat des Tages von Urjit Patel:

The lack of a consistent policy from major economies is the main source of volatility.

As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if they are consolidated into fewer but healthier banks.

Urjit Patel

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

Urjit Patel

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

Urjit Patel

One of the things that the public sector banks need to do is to raise private capital from the market and not rely on government largesse.

Urjit Patel

There are some things that are under our control, and that is to ensure that we ourselves follow sound macroeconomic stability rules.

Urjit Patel

A well-functioning transmission should at some point go from the overnight right up to 40 years, and that is the ultimate objective in having monetary transmission that affects the whole gamut of borrowing tenure.

Urjit Patel

Yes, 4% is the government-mandated target to the MPC. The plus/minus 2 percentage-point upper and lower bands are the tolerance levels specified by the government. If we breach those for three consecutive quarters, we need to inform the government of why that happened and what we propose to do to bring inflation within the two bands.

Urjit Patel

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.

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.

Urjit Patel

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.

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.

Urjit Patel

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

Urjit Patel

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

Urjit Patel

The lack of a consistent policy from major economies is the main source of volatility.

Urjit Patel

The monetary policy committee could either keep rates constant, increase them, or bring them down. There are three options possible compared to when it is accommodative.

Urjit Patel

The best way that a central bank can support growth on a durable basis is to ensure inflation is low, stable - there is financial stability - and that is the role that the central bank plays.

Urjit Patel

Valid criticism is something that we are open for, and we take it in the spirit in which it is given and try to improve ourselves.

Urjit Patel

Enhanced transparency has helped to reinforce the stability of India's financial system.

Urjit Patel

I think India's policy that the openness of trade should be carried through a multilateral process is the right one.

Urjit Patel

Divestment measures would improve overall banking sector health.

Urjit Patel