All stories by Raghuram Rajan
How to fix India's banking problems
Rediff.com4 Jul 2019Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
'Clean-up or growth? The answer, unambiguously, is clean-up!'
Rediff.com12 Feb 2016RBI governor on the stress in public sector bank due to NPAs, and what is needed to be done to get the system back on track.