raghuram rajan

Five books to read now about the purpose of companies

Five books to read now about the purpose of companies

Is there a better approach to capitalism? These authors say yes.
How Indians cleaned up one of their dirtiest cities—and have kept it that way

How Indians cleaned up one of their dirtiest cities—and have kept it that way

Part of the solution was to make it easier for people to dispose of their garbage.
Modi government’s plan to raise debt from overseas is a risky affair

Modi government’s plan to raise debt from overseas is a risky affair

There are risks in the event of a currency volatility.
India’s central bank may not have room for further rate cuts anytime soon

India’s central bank may not have room for further rate cuts anytime soon

From oil prices to weak monsoons, many factors can stoke inflation.
India’s central bank finally toes the line, pays $4 billion advance to government

India’s central bank finally toes the line, pays $4 billion advance to government

The money will help the government fund its pre-poll sops.
A year on, India is still reeling from its biggest bank fraud while the perpetrators are at large
Indian banks may have an over Rs30,00,00,00,00,000 bad loan storm coming

Indian banks may have an over Rs30,00,00,00,00,000 bad loan storm coming

As if the bad loan crisis at Indian banks wasn’t alarming enough, there is a ticking time bomb that can spark another crisis for the…
One of India’s most celebrated woman bankers is booked in a $242 million fraud case

One of India’s most celebrated woman bankers is booked in a $242 million fraud case

The nepotism scandal at India’s ICICI Bank, which brought to pass the downfall of its celebrated former chieftain Chanda Kochhar, just got murkier. Not only…
Why the first outsider CEO is good news for YES Bank

Why the first outsider CEO is good news for YES Bank

At the corner offices of India’s largest private banks, 2018 was a year of whooping churn. And the ferment has yet to settle even in…
India’s central bank wants to open up the payments ecosystem to avoid monopoly risks

India’s central bank wants to open up the payments ecosystem to avoid monopoly risks

The spectre of a “too-big-to-fail” moment in India’s retail payments sector has the central bank worried. And this may soon open the doors to many…
PayPal says e-wallets will soon be extinct in India

PayPal says e-wallets will soon be extinct in India

India’s transformation to a cashless economy is beset with difficulties. While the number of payment firms in the country has grown rapidly, the volume of…
India’s central bank is betting on this technology to make online card transactions safer

India’s central bank is betting on this technology to make online card transactions safer

Digital transactions in India are booming—so is cybercrime. And the Reserve Bank of India (RBI) is keenly watching. On Jan. 08, the central bank put…
India’s Rs2,000 notes were always meant to be phased out

India’s Rs2,000 notes were always meant to be phased out

India’s crisp, pink Rs2,000 notes are a grim reminder of the massive demonetisation exercise prime minister Narendra Modi’s government undertook in November 2016. The overnight…
Why farm-loan waivers are a waste of time and money

Why farm-loan waivers are a waste of time and money

The months leading up to a general election in India are almost always marked by competitive populism. As the country prepares to elect a new…