Raghuram Rajan

Stories by Raghuram Rajan

How to fix India's banking problems

Rediff.com 4 Jul 2019

Advice 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.com 12 Feb 2016

RBI 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.