Leveraged firms continue to hive off their non-core businesses or are in midst of a debt restructuring exercise with banks
Net NPAs also rose to 2.89%, from 1.21% at the end of June 2015
The RBI governor makes it abundantly clear that he will step down on Sept 4 and go back to academia
The RBI chief is currently on leave from the Chicago Booth School of Business, where he holds the post of Distinguished Service Professor of Finance
Top industry leaders today said RBI Governor Raghuram Rajan's decision not to take a second term will be "nation's loss"
Rajan was appointed RBI Governor by the UPA government in 2013 when Chidambaram was finance minister
From inflation fighting to cleaning up the NPA mess, here's a quick look at Rajan's key achievements during his term
Swamy has been one of Rajan's chief critics in recent months
Incidentally, Arundhati Bhattacharya is among seven people on the long list to become the next RBI Governor
The RBI Governor said in a staff letter that he would like to return to academia
Raghuram Rajan was known to speak his mind. Business Standard brings you some of his most memorable quotes
Party accused the government of driving out the only sensible person in the economic administration of the country
Deputy RBI Governor Urjit Patel and SBI chairperson Arundhati Bhattacharya are among those who've made the list
Swamy was just the last straw; Rajan's views on intolerance, differences with FM, opposition from RSS were earlier signs of the end of his tenure as RBI Governor
The following is the text of the letter that Raghuram Rajan sent to Reserve Bank of India employees:
Never one to mince words, Rajan will walk away with a mixed legacy
Reserve Bank of India Governor Raghuram Rajan to return to academia after his term ends on September 4; says decision taken in consultation with government
Congress vice-president Rahul Gandhi also took a shot at the Centre saying that PM Modi did not need experts like Rajan since he already knew 'everything'
His remarks came after Congress' Ghulam Nabi Azad said that he was saddened by the way an 'upright' RBI Governor was being targeted by BJP parliamentarians
Investors will also be concerned over an initial deficit in monsoon rains, fluctuations in rupee value and food prices