As the clean-up has taken hold, loan growth slipped to 10.7 per cent in the last fiscal
Raghuram Rajan joked he wasn't expecting to win any votes or Facebook 'likes' in the position.
As with TCS, most companies put their money in mutual funds, corporate bonds and bank deposits, which are losing their appeal versus government bonds in terms of both returns and safety.
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
Three policymakers aware of the central bank's deliberations on the Budget said they are combing through the numbers to test how Jaitley struck a balance, and question some of the assumptions.
Markets hope the Budget will steer spending towards infrastructure.
RBI Governor Raghuram Rajan wanted to improve training for staff, through initiatives such as sending them to other central banks for short stints.
Urjit Patel's reappointment will raise market hopes that Rajan, will also be offered an extension when his tenure ends in September.
RBI's tricky strategy to ease market's pre-Fed jitters.
India's overall retail inflation eased to 4.41 per cent in September, helped by falling commodity prices, but rural inflation was at 5.05 per cent
India was less directly affected by the Chinese stock market rout and yuan devaluation that battered currencies and markets in the region.
Although the RBI is not statutorily independent from the government, Rajan, like previous RBI Governors, has long valued his independence.
RBI Governor Raghuram Rajan is expected to express that cautiousness as he looks to manage expectations.
Raghuram Rajan remains focused on a long-term inflation target of 4 percent.
The new hire, Gangadhar Darbha, joined as a consultant
RBI takes steps to control inflation but the masses are not convinced.
The RBI's next policy review is set for Sept. 29.
Companies are still struggling to recover from years of exuberance.
India's current limit of $25 billion for ownership of government bonds by FIIs is fully utilised, leading to calls for increasing it
Overhauling India's bloated and often sluggish state banks is critical for the government
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