Raghuram Rajan, a finance professor at Chicago Booth, has been handed the most senior banking position with India’s central bank.
It is an appointment that Rajan will not take lightly, saying in a statement released by Chicago Booth, “The job of governor is one of great responsibility.”
Rajan, an MBA alumnus of the Indian Institute of Management in Ahmedabad, has been attached to Chicago’s Booth School of Business since 1991. As part of their MBA program, his most recent course has dealt with international corporate finance.
However, since 2008 Rajan has been combining his full-time teaching duties at Chicago Booth with consultancy work for the Indian government – first as an honorary economic adviser to Indian Prime Minister, Manmohan Singh, and then as chief economic adviser to the Indian Government.
His appointment to the Reserve Bank of India therefore is just the latest example of his ongoing commitment to the economic fortunes of the country of his birth.
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