Tag Archives: Raghuram

I Had Felt FCNR Deposits To Be An Idiotic Idea: Raghuram Rajan

RBI Governor Raghuram Rajan conceded that he thought the FCNR deposits idea to be “completely idiotic”. Mumbai:¬†Outgoing Reserve Bank Governor Raghuram Rajan on Friday disclosed that idea of raising diaspora deposits, which changed the downward course of the rupee when he took over in September 2013, had come from bankers and he was very sceptical about it given the cost ... Read More »

Raghuram Rajan Wants Individual Bankers To Take Onus For Large Loans

RBI Governor Raghuram Rajan said there is a need to shift loan sanctioning process. Mumbai:¬†Reserve Bank Governor Raghuram Rajan on Tuesday said there is a need to shift loan sanctioning process from the present committee-based approach to single banker taking up the responsibility as well as rewarding the person if the project goes on well. Addressing the annual bankers conference, ... Read More »

Raghuram Rajan Asks Banks To Improve Cyber Security Systems

RBI chief Raghuram Rajan urged lenders to take a “fresh look” at their security architecture. Mumbai: In the wake of increased instances of cyber attacks, Reserve Bank of India Governor Raghuram Rajan on Tuesday said the central bank is improving its capabilities and also urged the lenders to strengthen their systems. “There have been cyber incidents in the recent past. ... Read More »

Feel ‘Underpaid’ As RBI Governor, Quips Raghuram Rajan

RBI chief Raghuram Rajan’s total monthly emoluments stood at Rs 1,98,700 for July 2015. Reserve Bank Governor Raghuram Rajan on Tuesday flagged the difficulties that public sector banks face in attracting top talent. State-run lenders tend to overpay at the bottom but underpay their top executives, Dr Rajan said, adding jokingly that he himself felt “underpaid”. “One of the problems, ... Read More »