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Rajan took many steps to put banking system in right direction: President

Chennai: Just retired RBI Governor Raghuram Rajan’s clean-up of more than USD 100 billion of stressed assets on the books of banks today 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

Hope India will continue to prioritise low inflation: Rajan

New York: 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”. Rajan, 53, who stepped down on September 4 as the Governor of the Reserve Bank of India, said in an interview with

Breaking- Urjit Patel new RBI Governor

An eminent economist and banker Urjit Patel has been appointed as New Governor of Reserve Bank of India. Patel will be succeeding Raghuram Rajan, who stunned the whole economic enthusiasts and financial market after announcing his stepping down from RBI Governor

Swamy again hits out at Rajan

New Delhi: BJP leader Subramanian Swamy today once again attacked Raghuram Rajan on the monetary policy, over a month after Prime Minister Narendra Modi had disapproved of his criticism of the RBI chief. He also criticised the media of painting Rajan as “some angel” and him as a “devil”. “In the Raghuram Rajan case, the

RBI governor Rajan meets Jaitley

New Delhi: Reserve Bank Governor Raghuram Rajan today called on Finance Minister Arun Jaitley as the central bank and the government seek to quickly put in place a new interest rate-setting mechanism. “Finance Ministry and RBI keep talking all the time,” Rajan told reporters after meeting Jaitley at his office here. In sweeping changes, a

Rajan’s successor soon, no panel to look for new RBI chief 

New Delhi: The government will announce the successor of outgoing RBI Governor Raghuram Rajan well in advance and there won’t be any search panel to look for the new chief of the central bank, an official source said. “It (announcement of new Governor) will happen reasonably in advance. We don’t want unnecessary speculation,” said a

Rajan’s ‘structural changes’ to benefit economy: India Inc 

New Delhi: Concerned that RBI GovernorRaghuram Rajan is leaving at a “tumultuous” time, India Inc today said global factors are posing multiple risks to India’s economic stability, even as it hoped the structural changes by the apex bank chief will yield positive results going forward. Industry body Assocham expressed hope that Rajan will be persuaded