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Dealing with the Trilemma

The basic argument that Mr Patel has been making has its roots in the discourse on banking reform and reducing dominant state ownership and control over the banks

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Reserve Bank of India | Urjit Patel | Raghuran Rajan

M S Sriram 



It is interesting that during his tenure there were multiple events that affected the economy but when it came to talking about them he chose banking
It is interesting that during his tenure there were multiple events that affected the economy but when it came to talking about them he chose banking

has been one of the most enigmatic governors of the (RBI) in the recent past. He is known to be simple, shuns protocol, and hardly speaks. Even during the (almost mandatory) post monetary policy press conferences, he would largely let his deputies do the talking. The most blistering attack on the state during his tenure was made by Viral Acharya, his deputy, who acknowledged the blessings of Mr Patel in the speech.

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First Published: Mon, August 03 2020. 23:36 IST

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