Rajan said there will be some volatility, but once the initial bout or wave abates, people will look for good fundamentals
Mallya, whose Kingfisher Airlines owes money to several banks, had on Thursday said he will challenge UBI's decision to declare him a willful defaulter.
The RBI's bi-monthly policy review on June 3 will be the first after Prime Minister Narendra Modi assumed office on May 26.
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KC Chakrabarty who was appointed as RBI deputy governor in 2009, is considered frank with his views.
India is better prepared to deal with any further US Fed tapering, but the country needs to remain vigilant to face eventualities, Reserve Bank Governor Raghuram Rajan said.
Will seek to bring inflation to the mid-point: Rajan
Reserve Bank Governor Raghuram Rajan on Monday warned against compromising India's interest for the sake of attracting foreign investment and said the priority should be framing transparent policies as well as resolving contractual tax disputes quickly.
Rajan would slow down some of the expansion of money and it ought to have little effect on the real economy.
On price rise, HSBC said that the rate of cost inflation decelerated sharply while output prices were unchanged.
RBI Governor has dismissed the notion that the rural employment guarantee programme is behind the massive spurt in wages in rural areas.
Reserve Bank Governor Raghuram Rajan today criticised multilateral institutions like the IMF and the World Bank saying "they are not immune to cognitive capture".
In the latter half of the year, there would be some economic recovery and return to normal business conditions.
The July-September quarter GDP numbers are due on November 30.
Reserve Bank Governor Raghuram Rajan on Tuesday said the government's target of reducing the current account deficit (CAD) to $70 billion or 3.7 per cent of the GDP in 2013-14 is "imminently reachable".
Reserve Bank Governor Raghuram Rajan on Friday said the recent rally in the rupee is comforting but said the currency has not yet achieved stability which will only be reached when he stops keeping a "minute-by-minute" track of the unit.
The price of vegetables in general rose by 77.81 per cent making life difficult for the common man.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
Observing that it is not yet clear to him what the government means by 'Atmanirbhar Bharat', Rajan said if it is about creating an environment for production, then it is a re-branding of the Make in India initiative.
RBI's latest rate cut is positive for the economy.
Rajan sees banks passing on the benefit of lower rates regime to customers.
Days ahead of the Budget, Reserve Bank Governor Raghuram Rajan on Wednesday pitched for increasing the tax exemption limit on financial investments by individuals from Rs 1.5 lakh a year.
Panagariya, who heads the government's main economic advisory body NITI Aayog, is also India's Group of 20 summit negotiator
For India, Fitch Ratings has 'BBB-' rating.
State Bank of India on Friday reduced its deposit rates by 0.25 per cent, making it the third bank after private sector rivals, ICICI Bank and HDFC Bank, to reduce deposit rates this week.
'People who come from IMF-World Bank backgrounds have no dynamism at all,' Subramanian Swamy said.
Rajan had overturned the majority opinion of the members and chose to hold the rates at the last monetary policy review in October.
On growth, the Governor said the prospects in the last few months have improved.
Reserve Bank Governor Raghuram Rajan on Monday slammed International Monetary Fund for staying on the sidelines and applauding accommodative policies of developed nations.
Rajan posed the question while speaking at the annual leadership conference in Mumbai National Association of Software and Services Companies.
According to Japanese financial services major Nomura, despite slowing external demand, the domestic growth cycle is improving.
The April-June quarter GDP slipped to 7 per cent from 7.5 per cent.
A reading below 50 means contraction in the sector.
Sluggish rise in new business inflows and a cautious approach to costs reportedly led Indian manufacturers to shed jobs in September.
ICICI Bank chief Chanda Kochhar on Wednesday said the country has many positives like high forex reserves, and low current account and fiscal gaps, which can help it weather the ongoing volatilities.
The progress we made in recent past should not detract us from making further structural reforms: Rajan
The RBI guv said global economy is actually recovering, though slowly
The government is likely to name a successor to Rajan sometime this month
Reserve Bank Governor Raghuram Rajan on Friday said banking sector will see major changes in the coming years.
Unhedged exposure of the corporate poses a risk and overall percentage of hedging remains low.
"I think bankers have expressed some concern that they should not be held liable for actions that are taken in the full spirit of what is needed," Raghuram Rajan said.
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