Phrase by 'Urjit Patel'
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Large credit guarantees also impede optimal allocation of financial resources and increase moral hazard.
Author: Urjit Patel - Indian EconomistMoral , Credit , Financial , Resources
It is easy and quick to fritter away gains regarding macroeconomic stability.
Author: Urjit Patel - Indian EconomistEasy , Away , Quick , Stability
There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number which is not a mere estimate but a verified number both physically and in the accounting sense.
Author: Urjit Patel - Indian EconomistNeed , Try , Accounting , Be Careful
People were holding high denomination notes to keep tax unaccounted for money. Some sectors like real estate were using cash to avoid tax.
Author: Urjit Patel - Indian EconomistPeople , Money , High , Real
The RBI is interacting with the banks every day.
Author: Urjit Patel - Indian EconomistDay , Every Day , Every , Interacting
The staff members of all banks have worked very hard, and we all owe them our gratitude.
Author: Urjit Patel - Indian EconomistHard , Them , Owe , Gratitude
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