Raghuram Rajan needs to transform RBI into a multitasking innovator

.......But one does dream of a new paradigm in the regulatory and supervisory role of RBI. It is here that RBI is in full control of what it does and Rajan can bring a revolution. It will not be easy. The proud and traditionally conservative RBI has to be transformed by the new governor to deliver in a short time-span. ........

Read - ET