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Raghuram Rajan

Farm loan waivers kill credit culture, says former RBI Governor Raghuram Rajan

Farm loan waivers kill credit culture, says former RBI Governor Raghuram Rajan

Tue, Mar 26, 2019

Raghuram Rajan is currently the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business in the US.

Raghuram Rajan says capitalism is 'under serious threat' after 2008 global financial meltdown

Raghuram Rajan says capitalism is 'under serious threat' after 2008 global financial meltdown

Tue, Mar 12, 2019

Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities. "It's not providing equal opportunity and in fact the people who are falling off are in a much worse situation," he said.

Warning from ex-RBI governor Raghuram Rajan - 'Capitalism is under serious threat'

Warning from ex-RBI governor Raghuram Rajan - 'Capitalism is under serious threat'

Tue, Mar 12, 2019

Rajan, tipped by some as a possible successor to take over from Mark Carney as governor of the Bank of England, said it was possible in the past to obtain a middle class job with "modest education".

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RBI Governor Urjit Patel gets Rs 2 lakh pay per month, no support staff at home

RBI Governor Urjit Patel gets Rs 2 lakh pay per month, no support staff at home

Sun, Dec 04, 2016

RBI Governor Urjit Patel gets a little over Rs 2 lakh as salary and has not been provided with any supporting staff at his residence, the central bank has said.

RBI seen cutting rates as demonetisation rattles economy: Reuters poll

RBI seen cutting rates as demonetisation rattles economy: Reuters poll

Sat, Dec 03, 2016

The Reserve Bank of India (RBI) is expected to cut interest rates next week and economists are set to chop growth and inflation forecasts after Prime Minister Narendra Modi`s currency crackdown rattled the economy and severely hurt consumption, a Reuters poll showed.

Sharia banking: RBI proposes 'Islamic window' in banks

Sharia banking: RBI proposes 'Islamic window' in banks

Sun, Nov 20, 2016

The plan for Sharia bank was opposed by certain political and non-political groups.

Deadline for banks to clean up books 'stands' at March'17: RBI

Deadline for banks to clean up books 'stands' at March'17: RBI

Tue, Nov 15, 2016

Reserve Bank deputy governor N S Vishwanathan today said the deadline for banks to clean up their balance sheet 'stands' at March 2017, even as its governor Urjit Patel hinting at pragmatic approach in dealing with NPAs.

Finance Ministry begins separating public debt management from RBI

Finance Ministry begins separating public debt management from RBI

Wed, Oct 05, 2016

"This interim arrangement will allow separation of debt management functions of RBI to PDMA in a gradual and seamless manner, without causing market disruptions. The PDMC shall be upgraded to a statutory PDMA, in about 2 years," it said.

RBI Governor Urjit Patel unlikely to lower rates on Oct 4: Experts

RBI Governor Urjit Patel unlikely to lower rates on Oct 4: Experts

Sun, Oct 02, 2016

The newly-constituted Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel is unlikely to lower rates at its maiden policy review on Tuesday as it awaits more supporting data on inflation, experts said.

RBI Governor Urjit Patel & MPC panel face close call on interest rates

RBI Governor Urjit Patel & MPC panel face close call on interest rates

Fri, Sep 30, 2016

A month into the job, India's new central bank governor will on Monday and Tuesday chair his maiden policy review, which for the first time will see a committee set interest rates, though views are divided on whether there will be any change this time round.

Urjit Patel meets Arun Jaitley in Delhi before RBI Monetary Policy meet

Urjit Patel meets Arun Jaitley in Delhi before RBI Monetary Policy meet

Thu, Sep 29, 2016

According to a newspaper report, in a separate pre-policy meeting with economists, Patel had downplayed inflationary risks and instead focused on India's growth prospects.

RBI to issue Rs 20 notes with Urjit Patel’s signature

RBI to issue Rs 20 notes with Urjit Patel’s signature

Fri, Sep 16, 2016

Urjit Patel took charge as the 24th governor of the Reserve Bank of India (RBI) on September 5, after serving as the deputy governor since January 2013.

India's August retail inflation at five-month low, raises hopes of rate cut

India's August retail inflation at five-month low, raises hopes of rate cut

Mon, Sep 12, 2016

"The scope of 25 basis points cut in the October policy meet seems to be on the cards," said Shakti Satapathy, an analyst at AK Capital Services in Mumbai.

With RBI's push Rupee Sovereign Bonds to be among Asia's best performers

With RBI's push Rupee Sovereign Bonds to be among Asia's best performers

Wed, Sep 07, 2016

The report mentioned Citibank's prediction stating that more bond will gain as there are chances of inflation spike cooling by the end of FY17.

Dy Governor R Gandhi to look after RBI's monetary policy department

Dy Governor R Gandhi to look after RBI's monetary policy department

Tue, Sep 06, 2016

The Reserve Bank of India (RBI) said on Tuesday it will reallocate the portfolios for its three deputy governors, including shifting the monetary policy, economic policy and research, and financial market operations to R Gandhi.

Hope India will continue to prioritise low inflation, says Raghuram Rajan

Hope India will continue to prioritise low inflation, says Raghuram Rajan

Tue, Sep 06, 2016

Raghuram Rajan, whose tenure as the RBI Governor ended this week, hopes the process of cleaning up Indian banks will be finished and the government will continue to prioritise "low inflation".

Lower rates no substitute for broader policy reforms, Rajan warns once again

Lower rates no substitute for broader policy reforms, Rajan warns once again

Tue, Sep 06, 2016

RBI undertook an asset quality review of banks by issuing blanket orders to classify loans to certain accounts as non-performing assets.

Urjit Patel takes charge as 24th RBI governor

Urjit Patel takes charge as 24th RBI governor

Mon, Sep 05, 2016

Like Rajan, Patel too worked with the International Monetary Fund (IMF).

'Rockstar' Rajan bids farewell as his tenure at RBI comes to an end today

'Rockstar' Rajan bids farewell as his tenure at RBI comes to an end today

Sun, Sep 04, 2016

Outspoken as he has been with his views, 53-year-old Rajan went on to make public that he was willing to stay longer but an "agreement" could not be reached with the government in this regard.

54% urban Indians won't shop online if there are no offers: Survey

54% urban Indians won't shop online if there are no offers: Survey

Sat, Sep 03, 2016

Majority of urban Indians will not do online shopping if the e-commerce companies do not offer discounts, said a latest survey.

Rajan bats for independent central bank in his last speech as RBI Governor

Rajan bats for independent central bank in his last speech as RBI Governor

Sat, Sep 03, 2016

Good afternoon. It is great to be invited to speak at St. Stephens College. In 1980, I toyed with the idea of joining my best friends in applying for admission to the BA in Economics here.

Are the new norms good enough for banks to sell stressed assets?

Are the new norms good enough for banks to sell stressed assets?

Sat, Sep 03, 2016

M.B. Mahesh, Nischint Chawathe and Abhijeet Sakhare of Kotak Securities, in a report, said, "This move of RBI comes as a positive as it asks banks board to take faster action on non-performing loans (NPL) to ensure that the value of collateral is not impaired significantly.”

Rajan's last working day: For three years his decisions favoured majority

Rajan's last working day: For three years his decisions favoured majority

Sat, Sep 03, 2016

Friday, September 2, 2016, marked the last working day for Reserve Bank of India Governor Raghuram Rajan. He will step down from the position on Sunday, September 04, and make way for governor-in-waiting Dr Urjit Patel to take his place.

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