Indian capital markets joined the global sell-off sparked by China growth concerns
The Governor of the Reserve Bank of India may need all the suave charm of the fictional British spy to sell that same hard-nosed agenda to a powerful new prime minister.
In cutting interest rates and giving a boost to the government's efforts to revive growth, RBI governor Raghuram Rajan displayed the pragmatism and flexibility familiar to those who work with him.
Governor Raghuram Rajan has asked his colleagues to ensure that the central bank is not seen as mere "paper tiger" and even rich and powerful wrong-doers are not spared.
Raghuram Rajan, Governor of the Reserve Bank of India, has scoffed at the contention that BJP's Prime Ministerial nominee, Gujarat Chief Minister Narendra Modi will be the knight in shining armour who will root out corruption in India.
He has had a productive first year at the RBI -- one which saw, also, India's economic imbalances improve and the unexpectedly strong general election outcome.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
RBI wants the lending rates to be determined by the market.
A high-stakes match between cross-city rivals Chennai Super Kings and Royal Challengers Bengaluru in Chennai on Friday will usher in IPL 2024, but, beyond the grandeur around it, the two protagonists will have to find early answers to some deep questions as they attempt to enter a rarefied territory.
Central bank Governor Raghuram Rajan drew kudos from Moody's Analytics for his monetary stance.
'If my brother was a criminal they could have filed a case against him and put him on trial. Why kill him?' This is not justice.'
The central bank and Indian government has reached a "broad consensus" on the composition of a rate-setting panel.
Terming Rajan as "India's prescient banker," Time said he is among a rare breed of "economic seers".
RBI governor Raghuram Rajan says a cut in cash reserve ration will not at all impact lending rates.
India's macroeconomic indicators are improving and inflation has been coming down consistent with the central bank's forecast, but Asia's third-largest economy needs investment growth to pick up, he added.
A two-year extension at the helm of the RBI still looks a real possibility
India on Tuesday said it does not anticipate any problem in bringing back Chhota Rajan from Indonesia as he was arrested on a Red Corner Notice issued by Interpol.
The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
RBI Governor Raghuram Rajan on Friday said repo rate has been hiked as inflation pressures remain high.
RBI itself is part of the multi-agency group announced by the Indian government to monitor such holdings and take appropriate action.
After two rate hikes in less than six weeks aimed at curbing inflation, RBI Governor Raghuam Rajan on Wednesday said the central bank may be done with interest rate increases as their impact on the economy is assessed.
The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation.
Minutes after the Union Cabinet approved raising the cap on subsidised liquefied petroleum gas (LPG) cylinders from nine to 12 per connection in a year, Reserve Bank of India (RBI) Governor Raghuram Rajan questioned the decision, suggesting it was "misdirected subsidy".
The special Maharashtra Control of Organised Crime Act court on Thursday rejected the bail application of Paulson Joseph, an alleged Chota Rajan aide, arrested in connection with the murder of senior journalist Jyotirmoy Dey.
Reserve Bank Governor Raghuram Rajan expressed confidence in India's growth and said the country is on target to meet Jan inflation target of below 6%.
Ranbir and Shraddha's playful chemistry is to watch out for in Luv Rajan's rom-com, predicts Namrata Thakker.
Rajan, who will be a key member of Finance Minister P Chidambaram's team, was also honorary economic adviser to Prime Minister Manmohan Singh.
Rajan strongly defends RBI's decision to hold the key rates in the absence of any new data points.
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
Rajan said the relationship between the RBI and the government has been strong.
While the rest of India marches towards the promised destiny of 'progress', Bihar - the heart of India- is doomed to poverty and the injustices of a caste-based society.
'Industrial countries are still struggling, with a few exceptions, to grow and the uncertainty about growth in the US as well the world is probably what impelled the Fed to stay on hold.'
Concerned over banks hiding their actual NPA numbers, RBI Governor Raghuram Rajan on Tuesday said the central bank is "increasingly turning towards taking action" on such divergences.
A number of industrial countries are now resorting to populism and this has its own set of political implications.
RBI aiming to bring down headline number to 8% by end of this year and to 6% by the end of next year.
New Delhi was reluctant to spook investors by clipping the bank's wings
Rajan Bharti Mittal, vice-chairman and managing director of Bharti Enterprises took over as president of Federation of Indian Chambers of Commerce and Industry (FICCI) at the conclusion of its 82nd annual general meeting (AGM).
Rajan was speaking at a news conference.
'After a long time, we have a governor who is approachable. The RBI's interactions with us are now much better.'
'The Chinese devalued the yuan initially but then stopped'.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances