Rajan did not imply world facing new Great Depression: RBI

Last Updated: Sunday, June 28, 2015, 18:40

"We need rules of the game in order to effect a better solution. I think it is time to start debating what should the global rules of the game be on what is allowed in terms of central bank action," he said.

Frauds can't be wished away; banks among easy prey: RBI

Last Updated: Sunday, June 28, 2015, 16:15

"More often than not, the frauds lead to tighter regulations. These aim at bringing in both corrective and preventive measures," he said, while adding that banks must follow three KY Principles, Know its Customer, Know its Employee and Know its Partner, to check frauds.

Raghuram Rajan warns of Great Depression-like problems in world economy

Last Updated: Friday, June 26, 2015, 10:35

Rajan, who is among the few to have predicted the 2008 financial crisis, said the problem was a "broader" one and for the entire world -- not just for industrial countries or emerging markets.

Rajan-led panel shortlists 11 for PSU banks MD post

Last Updated: Sunday, June 21, 2015, 16:05

It is expected that the Cabinet headed by Prime Minister Narendra Modi may finalise names of five successful candidates in a month or so, after requisite procedures are fulfilled, sources said.

Food price surge puts Raghuram Rajan on the back foot

Last Updated: Sunday, June 21, 2015, 08:44

RBI Governor Raghuram Rajan has cut interest rates three times this year to boost growth, but he has since warned he will not cut again if poor rains drive up prices and threaten his inflation target.

Private bankers to be interviewed for CEO/MD post at 5 large PSBs

Last Updated: Thursday, June 11, 2015, 18:06

While the age limit was increased to 57 years, from 55 years earlier, the mandatory board-level experience for the applicants were reduced to one year from three years previously to invite more experienced talent for heading large public sector banks.

RBI Governor Rajan meets FM Jaitley

Last Updated: Thursday, June 11, 2015, 13:42

Reserve Bank Governor Raghuram Rajan on Thursday met Finance Minister Arun Jaitley and discussed macroeconomic issues.

First set of small, payment bank licences in 2 months: RBI

Last Updated: Sunday, June 7, 2015, 13:09

The RBI had received 72 applications for small finance bank licences and 41 applications for payment bank licences.

Rajan says not more comfortable on inflation now than in April

Last Updated: Wednesday, June 3, 2015, 14:04

The central bank cut its policy repo rate by 25 basis points to 7.25 percent on Tuesday, for the third time this year, to boost investments and growth.

Mundra warns against herd mentality in banking

Last Updated: Friday, May 29, 2015, 21:39

At a time when credit offtake has hit a multi-year low last fiscal, Reserve Bank deputy governor S S Mundra on Friday cautioned banks against irrational lending, saying they should not have 'follow thy neighbour' policy.

I am happy to let it go to the government: Rajan on PDMA

Last Updated: Thursday, May 28, 2015, 22:08

Reserve Bank Governor Raghuram Rajan on Thursday said there was no reason for RBI to manage public debt and he would be happy if the debt management function goes to the government.

Make in India should not entirely focus on global markets: Rajan

Last Updated: Thursday, May 28, 2015, 19:51

Reserve Bank Governor Raghuram Rajan on Thursday said it was a 'worthwhile ambition' to pursue Make In India campaign but cautioned that the whole effort should not be made towards producing for overseas markets as global slowdown could create problems.