He was responding to a question on economic reforms in the country.
'The critics are getting carried away.' 'The challenge for the RBI is not any erosion of autonomy caused by demonetisation.' 'It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan.
The bank's base rate currently stands at 10 per cent and the last movement in it was in November last year, when it was hiked by 0.20 per cent.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since 1992.
RBI unsure whether to cut rates or not in its next monetary policy.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
Raghuram Rajan, said, the scourge of loan losses "had a tendency to increase, get too big to ignore, too late to manage, and push the system into crisis".
Bicycle manufacturer TI Cycles, a part of the $3.2 billion Murugappa Group, on Thursday introduced India's first bicycle made from carbon, 'Montra'.
A chat with investment expert Feroze Azeez on what impact will the hike in RBI rate have on the consumers.
Describing the BJP's election victory as an "astonishing triumph of Narendra Modi", noted economist Jagdish Bhagwati on Monday advised him to retain Raghuram Rajan as RBI Governor and to hold monthly press conferences to articulate the government's agenda.
Subbarao said he would be "ok" if a sovereign bond issue in foreign currency is done once just to test the waters, but cautioned against using the instrument regularly.
An official said that people in the government were aware of the benefits as well as the drawbacks of issuing overseas sovereign bonds, and there will be consultations with all stakeholders.
Subramanian Swamy caused a flutter when he sought Arvind Subramanian's sacking for allegedly taking anti-India stance when he was an IMF economist in Washington.
Puttaparthi, the abode of Sri Satya Sai Baba, on Monday witnessed a beautiful symphony of sound and spirit as thousands of devotees from across the world, important dignitaries and well renowned artists gathered to join the 85th birthday of the renowned spiritual guru.
'This is not Ahmedabad Gymkhana but people's house'
He will presumably choose to remain true to the framework he has put in place.
An early choice will also allow Mr Rajan to do some hand-holding.
If you have answers to these, you need not worry about Britain's exit from the European Union, Raghuram Rajan's exit from the Reserve Bank of India or Narendra Modi's chances of re-election in 2019; your financial future will be safe, says P V Subramanyam
While Raghuram Rajan's departure under these circumstances is a pity, it would be wrong to conclude that the RBI or the economy cannot do without him.
'Here, after all, was a fine specimen of intelligence in the field that Adam Smith gave formal structure. And successful RR surely was as RBI chief.'
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
With Raghuram Rajan not 'really there', the FinMin has decided to keep a watch on market developments this week with all key officials on the job.
Tomorrow's review could also turn out be the last policy anchored by Rajan if the proposed Monetary Policy Committee (MPC) is put in place before the next review due on August 9.
He called on developed countries to play their part in restoring international monetary cooperation.
RBI governor advises students to not take advantage of economic freedom
It would also be the last policy of Rajan
Bihar Chief Minister Nitish Kumar on Friday called for a daylong 'Bihar Bandh' on March 1 to protest against denial of special category status to the state by the Congress led UPA government.
Experts applaud RBI governor RAghuram Rajan for his good work.
When he ended his Test career, he held the following Test records: Most Tests (125). Most consecutive Tests (106). Most runs (10,122). Most hundreds (34). Most scores of 50 or more (79). Most hundred partnerships (58).
Monetary transmission has been an issue for the Indian banking sector.
However, some analysts say RBI Governor Raghuram Rajan may delay the rate cuts amid mounting concerns over the government's fiscal health.
Rajan said an interest rate cut won't by itself lead to higher economic growth
Head of state-run Indian Bank T M Bhasin had called for a CRR cut.
RBI governor also spoke on the ill effects of cutting interest rates too much
The rupee had closed at 60.1550/1650 per dollar on Monday.
Few proposals included in the Finance Bill would not help ease liquidity concerns in the economy, say RBI officials.
The bank chiefs have also cancelled the customary media conference after the bi-annual policies.
It has been decided to reduce home loan rate by 20 basis points.
Rajan said that demand needs to be reduced without having severe effects on investment and supply.
