The single most important issue in Public Sector Banks is corruption.
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If the RBI governor's logic holds, the rupee is far from being extremely overvalued.
The financial crisis has challenged the intellectual assumptions on which previous regulatory approaches were largely built, and in particular the theory of rational and self-correcting markets.
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
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.
After Raghuram Rajan leaves, the world for the succeeding RBI governors will be distinctly different.
Traditionally, food prices have been seasonal in nature.
An early choice will also allow Mr Rajan to do some hand-holding.
investors will look to the new governor to continue the banking sector clean-up with the same urgency as Mr Rajan, who was targeting fully cleaned-up and provisioned balance sheets by March 2017
Prime Minister Narendra Modi defended Mr Rajan, but it would be debated why he took so long to dub criticisms like those against the RBI governor as improper.
IMF managing director Horst Koehler said Raghuram Rajan has been at the forefront of his work on banking and financial sector issues.
The average bank customer does not know about the Customer Charter because it was designed - under Mr Rajan's regime - to be a lame duck initiative from the start: violating the charter has no consequences, points out, Debashis Basu.
Raghuram Rajan is correct -- the RBI's monetary response to inflation in the past has been too weak.
If Mr Rajan's citizenship is considered relevant for heading an organisation that issues sovereign currency, should the provenance of a participant in a critical function of a sovereign democracy not count as well?
The principal challenge for Rajan's successor is to work with the Bank Board Bureau and the finance ministry to complete these processes of banking reform.
"I don't think this administrative subject should be an issue of interest to the media," Modi said.
Bad loans of PSBs are at Rs 20 trillion. Most of it is, I sense, due to corruption and behest lending. Nobody pays a price for this charade. Not the promoters, the bankers, RBI officials, finance ministry bureaucrats or politicians, points out Debashis Basu.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
Reducing policy rates is not enough. The key is to ensure banks lend to credit-constrained borrowers.
Raghuram Rajan's three-year term is the shortest of any G20 country and the recent governors have been given second terms as much as seven months in advance.
Investors believe Indian is a tough place to do business with.
Will the government now push to move away from what Mr Rajan has been doing in the last few years?
RBI Governor Raghuram Rajan is regarded as credible by global financiers.
India's latest GDP numbers do not signal robust economic growth in near term.
Search is on for reliable indicators of underlying activity.
Mr Modi, it came across, did not want to be seen as favouring any one business group.
Investors with stalled projects and mounting bad debt will refinance their loans.
The idea is to boost household savings and turn more of them into growth capital. If the plan succeeds, sustained eight per cent-plus rates of gross domestic product growth should be within reach in a few years.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
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