quoting Raghuram Rajan via Millennium Post
India’s NPA crisis has resulted from decades of ignorance towards a crumbling system of regulation – today, we need an urgent remedy to tape the glaring loopholes of generic corruption.
quoting Raghuram Rajan via Economic Times (India)
Former RBI chief Raghuram Rajan has dissected the banking crisis in his recent analysis of non-performing assets (NPAs). He implies that cronyism is an important cause. I would say the anti-corruption activism of NGOs, the Comptroller and Auditor General (CAG) and courts — all aimed at reducing cronyism — has played a major role too.
quoting Raghuram Rajan via Livemint.com
As the world marked the 10th anniversary of the fall of Lehman Brothers last weekend, an event which had pushed the global financial system to the verge of collapse, the discussion in the Indian context has shifted to the ongoing non-performing assets (NPA) crisis in the banking system. Indian banks, particularly public sector banks (PSBs), have accumulated a pile of bad debts and are struggling to extend credit.
quoting Raghuram Rajan via Financial Express
It’s going to be ten years since Lehman Brothers collapse hit the US on September 15, 2008, triggering a financial crisis all across the world. Even though India’s GDP growth posted record numbers in April-June quarter, the macros are exerting pressure. The rupee is in a free-fall, and crude oil prices are surging
interview with Raghuram Rajan via Money Control
Hoover Institution fellow Raghuram Rajan talks about depreciation of the rupee, emerging market scenarios, bad loans, and global trade war concerns.
quoting Raghuram Rajan via The Guardian
August 2005, and the people who steer the world economy gather in the mountains of Wyoming. Flying in are finance ministers and central bank chiefs. In front of this global elite, the International Monetary Fund’s chief economist will sound the gravest warning of his life. Raghuram Rajan must try to avert a catastrophe, yet as he leaves home he tells his wife, “Either this talk will make me or I’ll look a fool for evermore.”