Quotes About RBI

Modi created the impression that he was ready to go to war with Pakistan after the Pulwama attack. But his government was so broke it was begging the RBI for Rs 300,000 crore.

The RBI governor post is very high in the Warrant of Precedence and requires a patriotic and unconditional commitment to our nation.

The bottom line was that the scheme was a measured risk, with a probability that the RBI would lose money, a certainty that the bankers would make money, but also a reasonable chance that the country would be significantly better off.

Surplus RBI reserves can be used for poverty alleviation.

Everyone may have some advise for the RBI. Some may advise, 'Cut your lending rates and raise the deposit rate.' How will a bank function? We take a medium term view. The bank has an 80-year-old history. I don't want to destroy it for a few decisions.

Shaktikanta Das being appointed as RBI Governor is wrong. He has worked closely in corrupt activities with P. Chidambaram and even tried to save him in court cases.

The government of India is consistently very advanced. When the world was hesitant on UNIX, we were the first to move in; the RBI said that all banks will implement on UNIX. It worked!

I think that is a very important milestone in our economic history that the monetary policy is now determined through a committee process where there are both independent committee members and representation from the RBI.

The RBI is interacting with the banks every day.

The idea that RBI will be able to make a big transfer to the government was misplaced. It was a very good signalling device that the government was very serious about cracking down on corruption and black money. But I do not think it was very effective in curbing it.

From the RBI side, the fake Indian currency note is an important issue that needed to be addressed. The other collateral benefits from this, in terms of greater accountability, better public finance, more transparency, are, by definition, areas that take time to fully play out.

When I was the finance minister, I got on well with the RBI Governor.

Modi has misused institutions like the ED, Intelligence Bureau, CBI, RBI and National Statistical Commission for political gains and harassing his political opponents. Modi lost his credibility by all these acts.

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