- Raghuram Rajan was the 23rd governor of the Reserve Bank of India from 2013 to 2016. - He faced challenges including stabilizing the sinking rupee, dealing with stress in the banking sector, and stimulating economic growth. - As RBI governor, Rajan implemented reforms such as new bank licenses, debt restructuring, and policies to strengthen the banking system and improve financial inclusion. - However, he resigned in 2016 allegedly due to political interference, and analysts believed this would increase uncertainty in Indian markets.

1. BY- RANJAN BHARTI (1513370084)

2. INTRODUCTION
23rd governor of Reserve Bank of India.
Chief economic adviser to India’s Ministry of
Finance.
Chief economist at International Monetary Fund.
He married to Radhika Puri, a classmate from IIM
Ahmedabad. They have a son and a daughter.

3. CAREER
 He earned his bachelor's degree in electrical engineering
from IIT-Delhi.
 After graduation, Rajan joined the Booth School of
Business at the University of Chicago.
 He completed his PGDM from IIM.
 He was a gold medalist at both IIT and IIM.
 Replacing Kaushik Basu , Rajan was appointed as Chief
Economic Adviser to the Government of India on 10
August 2012.

4. CHALLENGES WHEN JOIN ….
Provide stability to sinking rupee.
Stress in banking sector ,new licences.
Give a stimulating factor to growth.
Repair RBI finance minister tie.
Keep dollars flowing in.

5. ACHIVEMENTS…..
 Government persuaded to reorient debt recovery
tribunals and set up special benches in high courts to
resolve cases relating to NPAs(non-performing assets)
 Provide banks various tools for cleanup of bank
balance sheets by converting at least half of the bad
loans into long dated equity instruments.
 Licensed two new banks (IDFC Bank and Bandhan
Bank) & branch licensing for commercial banks freed
of control

6. Cont….
 Introduced the concept of payments banks, wholesale
banks and custodian banks to significantly raise the
penetration of financial services in the hinterlands
 11 payment banks were given in-principle approval and at
least 8 of them will launch operations by early next year
 Opened up the state government bond market to foreign
investors for the first time and will allow foreign investors
to hold up to 2% of state development loans by March 2018

7. Cont….
 Appointed a committee to review the monetary policy
framework and move towards making Consumer Price
Index-based inflation the nominal anchor for
monetary policy
 Introduced term repo operations to infuse liquidity
and allowed a yield curve to develop
 Swap window to shore up forex reserves and now, our
forex reserves are at a lifetime high

8. Cont….
 Central repository set up for large bank loans to corporate houses
 Released a set of financial measures to stabilize the devaluation
of rupee
 Banks directed to ensure early detection and provisioning of
stressed assets
 Inflation index bonds for retailers linked to the consumer price
index
 Interest rate futures allowed on 10-year G-sec paper

9. Reason behind resign ….
 Political interference
 Inflationary pressures

10. Impact on market…
 Analysts widely agree that uncertainty will
hit Indian markets.
 On the rupee
 On the inflation
 Growth rate
 Maintain of current account deficit
 Interest rate fluctuations

11. THANK YOU