Former Reserve Bank of India (RBI) governor Raghuram Rajan has said that in hindsight it appears that the central bank under his governorship could have managed the liquidity in banking system in a better manner on certain occasions.
With India trailing China on economic growth post demonetisation, former RBI governor Raghuram Rajan has said the government should not have done "chest-thumping" on being the fastest-growing economy without achieving very strong GDP expansion for 10 years.
Mergers can happen between healthy banks and not amongst weak ones and the central government should be careful in this regard, said Reserve Bank of India’s former governor Raghuram G Rajan said on Tuesday while launching his book ‘I Do What I Do’.
Raghuram Rajan, a former governor of the Reserve Bank of India (RBI), has said responses given to the parliamentary committee by RBI about demonetisation were not in accordance with his actual response.
Former Reserve Bank of India (RBI) governor Raghuram Rajan has reiterated his concerns over the bureaucracy impinging on the powers of the central bank. He has also said it should be made clear that the RBI chief is not just another bureaucrat.