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Raghuram Rajan: Top 10 quotes that defined his term

  • Raghuram Rajan, Rajan, Subbarao, bankers, Arun Jaitley, Narendra Modi, Arundhati Bhattacharya, RBI, Urjit Patel, Reserve Bank of India, Governor
    Raghuram Rajan speaks during an event at the RBI headquarters in Mumbai

    “I don’t know what you want to call me... Santa Claus... you want to call me hawk, I don’t know. I don’t go by this. My name is Raghuram Rajan and I do what I do”

    At RBI’s fourth bi-monetary policy review for 2015-16, Sept 29, 2015

  • Raghuram Rajan, Rajan, Subbarao, bankers, Arun Jaitley, Narendra Modi, Arundhati Bhattacharya, RBI, Urjit Patel, Reserve Bank of India, Governor
    Raghuram Rajan with Narendra Modi

    “The governorship of the central bank is not meant to win one votes or Facebook “likes”. But I hope to do the right thing, no matter what the criticism, even while looking to learn from the criticism”

  • Raghuram Rajan, Rajan, Subbarao, bankers, Arun Jaitley, Narendra Modi, Arundhati Bhattacharya, RBI, Urjit Patel, Reserve Bank of India, Governor
    Raghuram Rajan and Arun Jaitley

    “No one wants to go after the rich and well-connected wrong-doer, which means they get away with even more. If we are to have strong sustainable growth, this culture of impunity should stop”

  • Raghuram Rajan, Rajan, Subbarao, bankers, Arun Jaitley, Narendra Modi, Arundhati Bhattacharya, RBI, Urjit Patel, Reserve Bank of India, Governor
    L to R -- Ashwani Kumar, Chairman of Dena Bank, Raghuram Rajan, Governor of RBI and Arundhati Bhattacharya, Chairman of SBI at the FICCI ...

    “In sum, to the question of what comes first, clean-up or growth, I think the answer is unambiguously ‘Clean up!’ Indeed, this is the lesson from every other country that has faced financial stress”

  • Raghuram Rajan, Rajan, Subbarao, bankers, Arun Jaitley, Narendra Modi, Arundhati Bhattacharya, RBI, Urjit Patel, Reserve Bank of India, Governor
    Raghuram Rajan with the Deputy governors S S Mundra, Urjit Patel, R Gandhi and N S Vishwanath

    “I am an academic and I have always made it clear that my ultimate home is in the realm of ideas.”

    Letter to staff announcing his intention not to renew contract, June 18, 2016

  • Raghuram Rajan, Rajan, Subbarao, bankers, Arun Jaitley, Narendra Modi, Arundhati Bhattacharya, RBI, Urjit Patel, Reserve Bank of India, Governor
    Raguram Rajan with Dr. D Subbarao

    “Floating FCNR-B deposists was of idiotic and worst of ideas on table when presented first time. But it worked”

    At the launch of Dr D Subbarao book, “Who moved my Interest Rates” on Aug 12, 2016

  • Raghuram Rajan, Rajan, Subbarao, bankers, Arun Jaitley, Narendra Modi, Arundhati Bhattacharya, RBI, Urjit Patel, Reserve Bank of India, Governor

    "The technology for making Dosas hasn't actually changed. Till today that person puts it (Dosa batter) on Tawa, spreads it around and then takes it out, right? There has been no technological improvement there. However, the wages that you are paying to that gentleman....are going up all the time"

    At a Federal Bank event in Kochi, February 13, 2016

  • Raghuram Rajan, Rajan, Subbarao, bankers, Arun Jaitley, Narendra Modi, Arundhati Bhattacharya, RBI, Urjit Patel, Reserve Bank of India, Governor

    "Strong governments may not move in the right direction. Hitler provided Germany with extremely effective administration, but Hitler took Germany efficiently and determinedly on a path to ruin, overriding the rule of law and dispensing with elections."

    At a lecture on 'Democracy, Inclusion and Prosperity' in Goa, February 20, 2015

  • Raghuram Rajan, Rajan, Subbarao, bankers, Arun Jaitley, Narendra Modi, Arundhati Bhattacharya, RBI, Urjit Patel, Reserve Bank of India, Governor

    "I think we have still to get to a place where we feel satisfied. We have this saying - ‘In the land of the blind, the one-eyed man is king’. We are a little bit that way."

    On the sidelines of the IMF-WB conference in Washington

  • Raghuram Rajan

    "We are neither hawks nor doves. We are actually owls."

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