Tag: Raghuram Rajan
17 Results
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SBI chief’s salary only fraction to counterparts in pvt banks
The salary of head of SBI, one of the world's 50 largest banks, is only a small fraction compared to private sector players like ICICI Bank and HDFC Bank. Former RBI governor Raghuram Rajan had flagged the low remuneration issue last August saying it makes difficult for state-owned banks to “attract top talent, especially a …
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June 26, 2017 -
Note ban was reason Rajan left: Chidambaram
Former Finance Minister and senior Congress leader P. Chidambaram on Friday said that a five-page letter speaking against demonetisation was submitted to the Centre by "someone in the Reserve Bank of India" on the day Raghuram Rajan stepped down from the post of Governor of the apex bank. Chidambaram dared the government to make the …
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February 10, 2017 -
Rajan returns to academia; to teach international corp finance
Having returned to his "ultimate home", former RBI Governor Raghuram Rajan has resumed his role as ‘Distinguished Service Professor of Finance’ at the University of Chicago Booth School of Business and would teach international corporate finance there in winter of 2017. Giving details of Rajan’s ‘course schedule’ for 2016-17, Chicago Booth School said this course …
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September 18, 2016 -
Rajan put banking system in right direction: President
Just retired RBI Governor Raghuram Rajan’s clean-up of more than $100 billion of stressed assets on the books of banks on Saturday came in for praise from President Pranab Mukherjee who felt rising NPAs are not a desirable situation. "Of course more than often you listen to NPAs of banking system, which is no doubt …
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September 10, 2016 -
Hope India will continue to prioritise low inflation : Rajan
Former RBI Governor Raghuram Rajan, whose tenure at the central bank ended in September, hopes the process of cleaning up banks in the country will be finished and government will continue to prioritise "low inflation", even as he warned against low interest rates globally. Rajan, who stepped down on September 4 as India’s top central …
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September 6, 2016 -
Urjit Patel takes charge as RBI Governor
Urjit Patel has assumed charge as the 24th Governor of Reserve Bank, succeeding Raghuram Rajan whose three-year controversy-ridden tenure ended on Sunday. Patel has assumed charge effective September 4, 2016, after serving as deputy governor since January 2013, RBI said in a statement on Monday. He was reappointed as deputy governor on January 11, 2016, …
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September 5, 2016 -
Dr Patel checks in at RBI to complete Rajan’s ‘deep surgery’
Urjit Patel, the new Governor of RBI who has maintained a contrasting low-profile to outspoken and rockstar-like Raghuram Rajan, has his immediate task cut out — finishing the ‘unfinished agenda’ of his predecessor on completing ‘deep surgery’ of banks and winning the war on inflation. Incidentally, it was Patel — often referred to as ‘Dr …
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September 4, 2016 -
Raghuram Rajan demits office as RBI Governor on Sunday
Outgoing Reserve Bank of India (RBI) Governor Raghuram Rajan demits office on Sunday, when he hands over charge to Deputy Governor Urjit Patel. The Finance Ministry on Saturday hosted a farewell dinner in Rajan’s honour in New Delhi that was attended by Finance Minister Arun Jaitely along with other senior officials of the ministry. At …
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September 4, 2016 -
Finance Minister hosts farewell dinner for Rajan
The finance ministry on Saturday hosted a farewell dinner in the honour of outgoing RBI Governor Raghuram Rajan, a day before he demits office. The dinner was attended by Finance Minister Arun Jaitely along with other senior officials of the ministry. The three-year term of Rajan comes to end on Sunday when he hands over …
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September 3, 2016 -
‘Investors tend to see through noisy politics in India’
Outgoing RBI Governor Raghuram Rajan on Friday said foreign investors tend to see through the "noisy politics" in India around emotive issues like beef ban, ‘love jihad’ and ‘ghar wapsi’. With private investment not picking up and jobs not being created, he advocated ‘step-by-step’ liberalisation of the economy for boosting growth. "We are a very …
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September 2, 2016 -
Was willing to stay, but could not reach pact: Rajan
Days before leaving RBI, outgoing Governor Raghuram Rajan on Thursday said that he was willing to stay a bit longer but could not reach the "right kind of agreement" with the government on extension of his tenure. "Because of … unfinished task, I was willing perhaps to stay provided we could reach the right kind …
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September 1, 2016 -
Clinton unveils plan to reform US mental health system
Democratic presidential nominee Hillary Clinton unveiled a plan to address mental health problems and provide better access to treatment for people with schizophrenia, bipolar disorder or suicidal tendencies. With her proposal unveiled on Monday, the former Secretary of State aims to change the US mental health system which currently makes expensive treatment inaccessible to millions …
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August 30, 2016 -
Rate cut possible only if inflation eases: Rajan
Inflation projections are still at the upper limit of Reserve Bank’s target and the policy rate can be cut only if inflation eases, outgoing Governor Raghuram Rajan said on Monday. Retail inflation shot up to nearly 2-year high of 6.07 per cent, while the one based on wholesale prices soared to a 23-month high of …
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August 29, 2016 -
A slap on Swamy’s face?
The choice of Urjit Patel as the next RBI governor has only made the Raghuram Rajan exit puzzle more intriguing. Not only was Patel Rajan&’s deputy in the RBI for three years, he comes closest to the outgoing governor in economic thinking and policy making. So, although there were many critical murmurs in saffron circles …
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August 23, 2016 -
Appointment of new RBI Governor to add positive vibes
The appointment of a new Reserve Bank of India (RBI) Governor is expected to give a positive fillip to the Indian equity markets during the upcoming week. Market observers cited other major factors such as caution over the increased chances of a US rate hike, derivatives expiry, fluctuations in global crude oil prices and the …
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August 21, 2016 -
Patel has same pedigree as Rajan, says Congress
Taking a swipe at the Centre over Urjit Patel’s appointment as RBI Governor, the Congress on Saturday said he has the same "pedigree" as his predecessor Raghuram Rajan whom the government did not give a second term. "If Establishment hounds abhorred Raghuram Rajan’s foreign credentials, Urjit Patel has identical pedigree. Different strokes for different folks," …
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August 20, 2016 -
It will be idiotic to attack Patel, says Swamy
Urjit Patel’s appointment as new RBI Governor appeared to have support of BJP MP Subramanian Swamy who had launched a series of attacks against the outgoing Governor Raghuram Rajan. In a string of retweets and replies to his Twitter followers, Swamy said it will be utter "idiotic" to think he will attack Patel because he …
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August 20, 2016