Why You Can Bank on Raghuram

.....The RBI’s state now is similar to that of those giants: it can choose a path like Bajaj did, by keeping its ageing patriarch at a distance to remain meaningful, or be blind to the emerging needs and threats like the Ambassador maker was and turn irrelevant. In Raghuram Rajan arrives a new governor without bureaucratic baggage, who intends to make the institution relevant in the decades ahead with financial sophistication, rather than by beating the traditional safety drum. Winds of change have begun to blow on the Mint Street......

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