Govt must protect central bank's independence: Raghuram Rajan
Taking on his detractors, Governor Raghuram Rajan on Tuesday said the criticism that RBI killed growth with high rates was at odds with "received wisdom" of India being fastest-growing and urged the government to look beyond 'motivated criticism' to protect the central bank's autonomy.
Jul 26, 2016, 19:37 PM IST
NPA clean-up should have started much earlier: Raghuram Rajan
Outgoing RBI Governor Raghuram Rajan, who has ruffled industry for his strident bid to get the bank balance-sheets cleaned up, on Tuesday admitted that the central bank should have carried out this exercise earlier.
Jul 26, 2016, 19:22 PM IST
Rahguram Rajan's continuance would have benefited India: Subbarao
Expressing surprise at RBI Governor Raghuram Rajan's decision to leave RBI and not seek an extension, former governor D Subbarao Monday said Rajan's continuance would have "immensely benefited" macroeconomic management of the country.
Jul 25, 2016, 20:53 PM IST
Rains support RBI rate cut, may douse agflation : BoA-ML
he Reserve Bank is expected to cut key interest rate by 25 basis points at its policy review meet next month if prices of pulses fall and help push down agflation, a BoA-ML report said on Monday, even as it sees overall retail inflation in July to touch 6 per cent.
Jul 25, 2016, 14:28 PM IST
0.50% cut in policy rate by March quarter: Morgan Stanley
Inflation in India is expected to fall to 4.5 percent by the quarter ended March 31, and this in turn would give Reserve Bank space to cut key policy rates by 50 basis points this fiscal, says a Morgan Stanley report.
Jul 21, 2016, 15:22 PM IST
Did you know? This is how RBI Governor is appointed!
With RBI Governor Raghuram Rajan making it clear that he is not game for second term as the head of the central bank, many names have make it to the list as to who will replace him at the helm.
Jul 19, 2016, 22:29 PM IST
PMO is appointing authority of RBI Governor: Govt
RBI Governor is appointed by Prime Minister's Office (PMO) on recommendation of Finance Minister, Parliament was informed Tuesday.
Jul 19, 2016, 15:56 PM IST
RBI to make funds transfer via smartphones easier
RBI on said it will become easier in coming weeks for people to transfer funds between bank accounts through their smartphones.
Jul 18, 2016, 21:33 PM IST
Financial inclusion necessary for sustainable growth: Raghuram Rajan
Pitching for financial inclusion, RBI Governor Raghuram Rajan on Monday said the central bank is trying to make it attractive for institutions to offer banking services to everyone, as it is a necessary building block for sustainable growth.
Jul 18, 2016, 14:55 PM IST
Current position of rupee is pretty reasonable: Raghuram Rajan
RBI Governor Raghuram Rajan on Monday said the current level of the rupee is "pretty reasonable" and any attempt to devalue it may lead to a surge in inflationary pressures and "offset any benefits".
Jul 18, 2016, 14:45 PM IST
Banks can't get 'blanket relief' from CBI, CVC actions: Raghuram Rajan
Amid a clamour among bankers for immunity from action by agencies like CBI and CVC, Reserve Bank Governor Raghuram Rajan has disapproved of any "blanket sort of relief" but wants the decisions on loans given after appropriate due diligence to be protected.
Jul 17, 2016, 14:08 PM IST
Outgoing RBI Governor Raghuram Rajan says no plans to write tell-all book
Outgoing RBI Governor Raghuram Rajan, known for his outspoken ways, has no "immediate plans" to write a tell-all book on his experience as the central bank head, unlike his predecessor D Subbarao whose quite revealing memoir has just come out.
Jul 17, 2016, 13:45 PM IST
Show me how inflation is low: Raghuram Rajan on 'dialogues' by critics
Taking his critics head-on, Rajan has challenged them to show how inflation is "very low" before accusing him of "being behind the curve" in his focus on containing price rise than on growth and debunked such criticism as mere 'dialogues'.
Jul 17, 2016, 13:16 PM IST
Urjit Patel, Arvind Subramanian and Rakesh Mohan in race to succeed Rajan as RBI Guv
The three short-listed candidates are: Reserve Bank of India Deputy Governor Urjit Patel, Chief Economic Adviser Arvind Subramanian and former Reserve Bank of India Deputy Governor Rakesh Mohan.
Jul 15, 2016, 17:19 PM IST
Chidambaram, Pranab put pressure over interest rates: Ex-RBI Chief
In scathing comments on his bosses in North Block, former RBI governor Duvvuri Subbarao has alleged that ex-finance ministers P Chidambaram and Pranab Mukherjee interfered in the functioning of the central bank, especially on setting interest rates, and the differences even led to two of his deputies not getting extensions.
Jul 15, 2016, 10:39 AM IST
Must Know: The potential successors to RBI chief Raghuram Rajan!
Investors in India are on the edge as local media report that Prime Minister Narendra Modi could select the new governor of the Reserve Bank of India (RBI), to replace "rock star" incumbent Raghuram Rajan, as early as this week.
Jul 12, 2016, 17:36 PM IST
Arvind Panagariya likely to be next RBI Governor
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Jul 12, 2016, 00:15 AM IST
Govt likely to announce Raghuram Rajan's successor this week
Prime Minister Narendra Modi is likely to announce the successor of out-going RBI Governor Raghuram Rajan later this week.
Jul 11, 2016, 18:41 PM IST
Arvind Panagariya likely to be next RBI Governor: Reports
Arvind Panagariya, the policy adviser to Prime Minister Narendra Modi could be named the successor of Raghuram Rajan as the next Governor of Reserve Bank of India later this week.
Jul 11, 2016, 18:30 PM IST
People with nasty mission hold different economic view: Subramanian Swamy
BJP MP Subramanian Swamy, who has been critical of the approach of controlling inflation at the cost of economic growth, on Friday said only a person with "nasty mission" to undo India would hold a different view.
Jul 08, 2016, 12:53 PM IST
