Raghuram Rajan Appointed as Reserve Bank of India(RBI)Governor Tuesday Aug 6,2013

Chief Economic Adviser Raghuram Govind Rajan was on Tuesday Aug 6,2013 appointed as Governor of the Reserve Bank of India (RBI) for 3 years who will take over from D. Subbarao who demits office on Sep 4,2013

Dr.Raghuram Govind Rajan, who was Economic Advisor to Prime Minister Manmohan Singh in an honorary capacity and took over as CEA in the Finance Ministry in August 2012 is known throughout the world for his forthright and frank views. Widely acclaimed — though initially criticized — for accurately predicting the global meltdown of 2008, Dr. Rajan had foreseen as early as in 2005 that a crisis in the financial sector was looming large.

Personal Details

An alumni of IIM Ahmedabad and IIT Delhi, Dr.Raghuram Govind Rajan, born in 1963 in Bhopal, went on to complete his doctorate from the Massachusetts Institute of Technology and was professor at the University of Chicago’s Booth School of Business before taking over as CEA

known throughout the world for his forthright and frank views. Widely acclaimed — though initially criticized — for accurately predicting the global meltdown of 2008, Dr. Rajan had foreseen as early as in 2005 that a crisis in the financial sector was looming large. 

An alumnus of the Indian Institute of Technology (IIT) in New Delhi, the Indian Institute of Management (IIM) at Ahmedabad and the Massachusetts Institute of Technology, and a gold-medallist all through, Mr. Rajan was the youngest economic-counsellor and chief economist at the IMF from October 2003 to December 2006

joined the Finance Ministry in August 2012, brings with him wide experience as a banker, academician and technocrat, having served institutions such as the International Monetary Fund and taught at the University of Chicago

Prime Minister Manmohan Singh had approved his appointment as the Governor of the RBI on August 6, 2013 for a term of three years to succeed incumbent D Subbarao

Raghuram Rajan Assumes Office As RBI Governor Wednesday Sep 4,2013

 RBI Deputy Governor K. C. Chakrabarty and other staff receive the new Governor Raghuram Rajan at the RBI headquarters in Mumbai on Wednesday

Raghuram Govind Rajan, chief economic advisor in the Finance Ministry, is scheduled to take over as governor of the Reserve Bank of India on Wednesday.

At 50, Mr. Rajan will be among the youngest to occupy the high office at Mint Street in Mumbai, where he takes over from incumbent Duvvuri Subbarao .