RBI governor Raghuram Rajan and the government are working towards financial inclusion.
Rajan said RBI is in the process of creating a framework which will make the sustainable growth possible.
"Finance Ministry and RBI keep talking all the time," Rajan said.
Rajan said the RBI is working on upgrading the capabilities of its inspectors to undertake bank system audits as well as to detect vulnerabilities in them
With the Lok Sabha elections going on, May is rather silent when it comes to new Bollywood theatre releases.
"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.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
Anandabazar Patrika reported that Rajan would prefer to go back to the United States after his three-year term expires in early September
After Raghuram Rajan leaves, the world for the succeeding RBI governors will be distinctly different.
Central bank governor says the devaluation like China or Japan is neither feasible nor a good strategy
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
Deported gangster Chhota Rajan was on Thursday produced before a special MCOCA court in Mumbai via video conference from Tihar Jail in connection with journalist J Dey's murder of 2011.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
Expectations are high. There is a little bit of euphoria in India, says RBI governor.
The lack of clarity on who is next in line, when the time comes, as indeed it will one day some day, reflects poorly on the management of the world's largest political party. It scarcely need be said that a squabble between the contenders, Shah and Yogi, is exactly what the doctor ordered for the Opposition, notes Krishna Prasad.
Narsaiyya Mama alias Langdya was attacked by 'four or five' unidentified men.
BJP workers depend on Annamalai's popularity to emerge victorious. He has has made 100 promises to be fulfilled in 500 days and assurances include cleaning up rivers, an international airport and food vans named after former Chief Minister K Kamaraj.
Governor Rajan stressed on the benefits over a medium-term.
'My immediate objective is to start thinking about research once again. Start understanding the world we are in which has changed quite a bit.'
Reserve Bank Governor Raghuram Rajan on Monday slammed International Monetary Fund for staying on the sidelines and applauding accommodative policies of developed nations.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
Macroeconomic factors under control, says Rajan
"I am an Indian citizen, I have always been an Indian citizen. I always held an Indian passport. I held an Indian diplomatic passport when my father was in the foreign service and when I travelled on behalf of the ministry of finance," Rajan said.
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.
Crime Branch arrested Chhota Rajan aide Vinod Chembur, a accused in an extortion case, along with the underworld don's wife Sujata.
Underworld don Chhota Rajan was on Thursday deported to India and is expected to reach Delhi early Friday morning, 27 years after he had fled the country in the face of numerous cases of murder, extortion and drug smuggling against him.
A resurgent Royal Challengers Bengaluru will look for their fourth consecutive victory when they face an unpredictable Punjab Kings as the two sides fight for survival in the Indian Premier League, in Dharamsala on Thursday.
Rajan expressed concerns on pressures on the services front.
Full capital convertibility means a foreign investor can repatriate his money into his own local currency at will.
Bankers and government officials told Reuters Rajan's successor may be less aggressive in fighting bad loans, but the general direction will remain the same
Rajan had said that there was lack of clarity about the new method.
An officer within the Indonesian police was quoted by NDTV saying that Rajan is very scared, constantly smoking and doesn't talk to people.
Rajan, who has been warning against competitive monetary policy easing by central banks, however, said the situation is different in India where RBI still needs to bring down lending rates to spur investments.
Reserve Bank of India (RBI) Governor Raghuram Rajan spoke on a host of issues at his last post-policy interaction with the media
He added that the risks can increase if the Chinese slowdown gathers more speed.
RBI to ensure loans rate fall
The government plans to inject a total Rs 70,000 crore into the lenders over four years
He cautioned however that these are the early signs and one should not start celebrating.
'The RBI is something like a seat belt. As a driver, the driver being the government, it has the possibility of not putting on a seat belt but of course if you do not put on your seat belt you get into an accident and the accident can be quite severe,' Raghuram Rajan told CNBC TV18. 'The aim of the board is to be Rahul Dravid -- sensible, thoughtful and not, with due respect, Navjot Sidhu,' he added.
