Tag: Raghuram Rajan

Raghuram Rajan blames over optimistic bankers, growth slowdown for bad loans crisis

Raghuram Rajan blames over optimistic bankers, growth slowdown for bad loans crisis

Over-optimistic bankers, a slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to a Parliamentary panel. In a note to Chairman of Estimates Committee Murli Manohar Joshi, he said: “A variety of governance problems such as the suspect allocation of coal mines[Read More…]

Populist nationalism is divisive, damages financial growth, says ex RBI governor Raghuram Rajan

Raghuram Rajan resumes academic role at University of Chicago

Former Reserve Bank of India (RBI) governor Raghuram Rajan has resumed his role as “Distinguished Service Professor of Finance” at the University of Chicago Booth School of Business and will teach international corporate finance there in the winter of 2017. Giving details of Rajan’s course schedule for 2016-17, Chicago Booth[Read More…]

Financial exclusion: RBI mulls opening door to Islamic finance

The Reserve Bank of India (RBI) has proposed working with the government to introduce interest-free banking to tackle financial exclusion for religious reasons, potentially opening Islamic finance to the largest Muslim minority population in the world. The RBI made the proposal in its annual report last week, as departing central[Read More…]

Raghuram Rajan no less patriotic: Modi

Prime Minister Narendra Modi today disapproved of the recent attacks on RBI governor Raghuram Rajan and other top finance ministry officials and called them “inappropriate.” He also added that he was sure Rajan would continue to serve India irrespective of his position and made it clear that “no one is[Read More…]

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