Why raghuram rajan

He added that central banks needed to proceed cautiously, but warned against policymakers doing nothing at all. If things collapse they will come back again with really accommodative policy, and if that's the case then the central banks are, in a sense, trapped by the markets. Last week, the Fed voted not to raise interest rates from their anchor near zero, and warned against expecting imminent rate hikes.

Skip Navigation. Key Points. Raghuram Rajan, who led India's Reserve Bank of India between and , said this accommodative policy from many central banks had caused bubble-like conditions. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Former RBI governor said the government should clean up the financial system to revive growth. Rajan, who was Governor of the Reserve Bank of India RBI from September 5, to September , said during his term a clean up of the banking sector that was "clogging" with bad loans had begun and the job remains unfinished.

He said the country needs a new generation of reforms to accelerate economic growth. At 5 per cent GDP growth rate, India was witnessing substantial economic slowdown. Under the lens NFRA member under lens for audit gaps in fraud-hit firm; cloud over selection process for regulatory posts.

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