While Rajan maintained status quo on key policy rates in his policy, he also touched upon a number of things that concern India’s banking sector and monetary policy in the future. Mumbai: On Tuesday, Raghuram Rajan presented his last monetary policy announcement as the governor of the Reserve Bank of India (RBI). At this point, banks have enough tools, the real issue is to use them. Here are six points that Rajan discussed with reporters at the monetary policy announcement. We have reduced some of the structural liquidity deficit, however, the current surplus is partly because of seasonal factors and not because we have eliminated the structural deficit completely.

Source: Mint August 09, 2016 08:15 UTC