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Raghuram Rajan

Full Circle

A study of recent bank failures would show that bank NPAs were a consequence of the lending of funds beyond the repaying capacity of borrowers. Most of such lending was motivated; the creditworthiness of the borrower was overestimated for extraneous considerations.

BJP ‘treating economy like share bazaar satta,’ says Shiv Sena

The party supported concerns raised by former RBI governor Raghuram Rajan, who said India is in the midst of a "growth recession" with signs of deep malaise in the economy that is being run through extreme centralisation of power in the PMO and powerless ministers.