A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian is one of the world's leading experts in banking, corporate governance and economic policy
The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
In January 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.
In the mid-quarter review on December 18, the Reserve Bank left key policy rates unchanged but said it will hike interest rates if inflation does not subside.
China's per capita GDP is about four times of India's, Raghuram Rajan said.
Business houses expect rate cut in next RBI policy.
Stocks and rupee on Monday took an early morning plunge but soon recouped their losses.
A top Finance Ministry source, however, said no discussion has taken place in the government so far on whether to extend Rajan's tenure or not.
DBS called Rajan's decision not to seek an extension as a 'negative surprise'.
The government seemed unhappy with Raghuram Rajan's interest rate policy.
In the past, there have been instances of people getting fake e-mails in the name of RBI.
Rajan has set March 2017 as the deadline for banks to clean up their balance sheets.
Raghuram Rajan - the new Reserve Bank of India (RBI) governor - has announced a slew of measures to attract capital flows in the country to provide support to the rupee which has depreciated around 22% in the current financial year.
Rajan also reiterated his view on the growth rate being inextricably linked with curbing inflation.
A day after the Reserve Bank of India's monetary policy review, the RBI Governor talked to journalists on related issues.
Bank of India has become the first state-run lender to allow withdrawal of funds to individuals from its ATMs without an account in the bank.
Congress leader Rahul Gandhi alleged on Friday that China was preparing for war and the Indian government is sleeping over it and trying to ignore the threat.
Providing access to unbanked areas in the country has been high on the agenda of RBI, as almost 40 per cent of the population doesn't have a bank account.
Upside risks to inflation persist from higher growth and expansive govt spending.
Rajan will be closely working with the RBI governor and the four deputy governors to gain familiarity with the central bank's stance on various issues.
The report further noted that inflation is expected to fall to 4.5 per cent by quarter ended March 2017.
The Centre's fiscal consolidation resolve led to the cut in banks' mandatory SLR for the second time in a row, RBI Governor Raghuram Rajan said on Tuesday, hinting at more such liquidity enhancing steps in tandem with the government's action on fiscal deficit.
He also made it clear that the pre-2005 notes will continue to be legal tender.
By March 28, the reserves rose by a whopping $5.038 billion to $303.673 billion, the second highest in the fiscal.
In the global context, the country "stands out" in terms of relatively stronger growth and improved economic fundamentals, Raghuram Rajan said.
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
Onno Ruhl said it is imperative to have a favourable global environment in addition to the domestic advantages.
Swamy had also claimed that Rajan was "mentally not fully Indian" and alleged that he has "wilfully" wrecked the economy
Subramanian Swamy now wants Arvind Subramanian sacked.
Individuals will have to wait for some more time; RBI may do away with mid-quarter policy reviews.
The rank of COO is the latest in a series of decisions that met with internal resistance at Mint Road and now North Block.
The RBI Governor also reiterated his reservation against repeated loan waivers by various state governments, saying the move distorts credit pricing, thereby also disrupting the credit market.
Raghuram Rajan on February 2 left the key interest rate unchanged.
What's encouraging is that the process of unwinding some of the extraordinary steps taken in last July-August is continuing, so moreliberalisation is back on their agenda.
The RBI governor most famous oneliners -- 'I am Raghuram Rajan and I do what I do' -- that eventually summed up the year 2015 for the central bank
Indian bond yields fell on Friday after Rajan's remarks, showing the level of concern about high inflation and investors' anticipation that the RBI will continue efforts to stabilise the economy.
The RBI is not statutorily independent from the government but has long enjoyed wide latitude
Former Finance Minister P Chidambaram said he was "disappointed and profoundly saddened" by Rajan's decision against a second term, but was not surprised by the development
Captains of the industry, including Adi Godrej and Anil Ambani, were among the early birds from India Inc to cast their votes in the financial capital.
Analysts say the RBI could resume tightening monetary policy by early next year should inflation remain high, even as the economy is growing below the decade low of 5 percent posted in the fiscal year ending in March.
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