Challenges before the new RBI governor9 min read . Updated: 26 Aug 2016, 03:59 AM IST
Fixing PSU banks is a difficult challenge because all the levers are not in the RBI governor's hands
Raghuram Rajan as the Reserve Bank of India governor is a difficult act to follow, but few are as well qualified to do so as Urjit Patel. His appointment has been widely welcomed, reflecting an appreciation of his impressive research record and wealth of practical experience in the International Monetary Fund, the finance ministry, the private sector, and most recently in the RBI itself as deputy governor.
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