Sunday, 8 September 2013

Unknown and Interesting Facts about RBI Governor Raghuram Rajan

Posted by Siva Kumar Ari
Here are some of the most unknown and Interesting facts about RBI Governor Raghuram Rajan . He is appointed as the new governor of the RBI this week. He is the 23rd Person to be the RBI Governor

Unknown and Interesting Facts about RBI Governor Raghuram Rajan
Unknown and Interesting Facts about RBI Governor Raghuram Rajan




1) Well for starters, he is the person who will decide the key rates – cash reserve ratio (CRR), repo and reverse repo while reviewing the Monetary Policy. Changes in any of these rates could, in turn, prompt banks to fine tune their lending and borrowing rates.

2) If you haven’t guessed it till now, Raghuram Rajan has been appointed as the next Governor of the Reserve Bank of India (RBI) as the current governor’s (Duvvuri Subbarao’s) term ends on September 4, 2013.

3) Rajan will be 50 years and six months old when he assumes charge for a period of three years.

4) As the 23rd governor of the RBI, Bhopal born Rajan, was chosen for role ahead of Arvind Mayaram, secretary department of economic affairs and Saumitra Chaudhuri, member, Planning Commission.

5) After studying electrical engineering at the Indian Institute of Technology, Delhi and business administration at the Indian Institute of Management Ahmedabad, Rajan did his PhD from the Massachusetts Institute of Technology.

6) He became the Economic Counselor and Director of Research (Chief Economist) of the International Monetary Fund in September 2003— the youngest ever to be appointed to this post.

7) In 2003, Rajan was awarded the inaugural Fischer Black Prize by the American Finance Association for contributions to finance by an economist under 40.

8) His most widely-read book, Saving Capitalism from the Capitalist, was co-authored with fellow Chicago GSB professor Luigi Zingales and published in 2004.

9) Credited for predicting the 2008 global financial crisis, Rajan was appointed as the youngest-ever Economic Counselor and Director of Research (chief economist) at the International Monetary Fund (IMF) from October 2003 to December 2006.

Unknown and Interesting Facts about RBI Governor Raghuram Rajan
Unknown and Interesting Facts about RBI Governor Raghuram Rajan


10) Rajan returned to the Graduate School of Business at the University of Chicago in 2007 where he is the Eric J Gleacher Distinguished Service Professor of Finance.

Courtesy : business-standard.com

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