RBI chief Raghuram Rajan said Asia's third-largest economy is being hampered by a drop in public and private investments, but held out hope that strong foreign capital flows will help rectify this weakness.
About 17,000 employees of the Reserve Bank of India are set to go on strike on Thursday for better retirement benefits and to oppose reforms to the central bank, raising the prospect of disruptions to banks and markets.
Programmes like the government's financial inclusion initiative need to be complemented with those of financial protection as well as financial literacy so as to be fully effective, Reserve Bank of India Governor Raghuram Rajan said on Friday.
Expressing concern over rising defaults in education loans, Reserve Bank Governor Raghuram Rajan on Friday said they should be devised in a flexible manner, providing options like automtic moratorium if borrowers are "under a period of unemployment".
RBI governor Raghuram Rajan, while talking about wholesale price inflation in monetary policy decisions in a televised debate on Thursday, said that he was comfortable with the existing interest rates.
Reserve Bank Governor Raghuram Rajan Monday took his umbrage against the accommodative monetary policies of the developed nations to the doors of the IMF and blamed it for remaining a sideline player and even praising such polices which are wreaking havoc in emerging markets.
Reserve Bank Governor Raghuram Rajan on Monday said the country cannot have a GDP growth of 9 percent until it makes "tremendous investments" and improves supply situation that boosts demand, but warned against populist policies.