7 Things that Raghuram Rajan did as the RBI Governor

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7 things that raghuram rajan did as the RBI governor from Kotak Securities

7 reforms brought about by RBI governor Raghuram Rajan during his tenure.

1. 7 things that Raghuram Rajan did as the RBI governor Source: indianexpress.com


2. Rajan’s most visible achievement during his term as the RBI governor is reigning in inflation


3. His term saw two repo rate increases which totaled to 50 basis points. This helped inflation to drop from 11.5% at its peak to 3.3% in November 2014


4. Then came by, five repo rate cuts aggregating to 150 basis points. He left rates unchanged at 6.5% at Tuesday’s meeting


5. Rajan initiated Swachh bank exercise – clean-up of the bad loans in the banking sector, particularly public sector banks


6. He made way for the banking structure reforms by allowing entry of small finance banks & payments banks


7. As he leaves, he could be the last RBI governor to have decided on monetary policy. Henceforth, policy decisions will be vote-driven rather than being directed only by the governor


8. RBI will set a formal inflation target with a casting vote for the governor in the forthcoming policy reviews


9. Raghuram Rajan’s three-year term as RBI governor ends on September 4, 2016. Earlier, he was a chief economist of the International Monetary Fund Conclusion Source: blogs.wsj.com

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