Dr Raghuram Rajan fittingly took aim at the FSLRC’s ideas on unified regulation. Bank customers hope his rhetoric translates into a push by the RBI to do much more for them
Central bankers are supposed to be obtuse in their speech. Alan Greenspan, the long-serving former chairman of the US Federal Reserve, is quoted to have said, “Since becoming a central banker, I have learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.”
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