The man who saw the credit crisis coming nearly two years before Lehman Brothers Holdings filed for the world’s biggest bankruptcy.
Although Rajan's stance has drawn protests from industry and short-term investors, the Modi govt has backed him with Jaitley holding off from calling for a reduction in rates.
Rupee, which was the worst performer till Rajan took charge, turned out to be the best after he drew $35 billion under the special swap arrangement.
Public sector banks are always at the receiving end when it comes to their adaptability to latest developments. But the SBI is moving aggressively.
The RBI can definitely do better. It must change the rules to permit single-factor authentication while putting in place adequate security safeguards.
SS Mundra, a three-decade veteran of Indian banking, will be guiding the Reserve Bank of India’s efforts in many of these areas as its newest deputy governor.
RBI board approved Rajan’s proposal for overhaul aimed at shaking up a system seen as staid and rigid, by shrinking organisational bloat.
If we have a low fiscal deficit, moderate current account deficit and low inflation, people want to be here, says RBI Governor Raghuram Rajan.
The latest initiative by Reserve Bank of India governor Raghuram Rajan to rid the banking system of practices that have eroded its health.
Overnight rates have been between 9.16% to and 7.4% in the past three months, and some days they were swinging wildly during the day.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon