Raghuram Govinda Rajan
Raghuram Rajan is the current and the 23rd Governor of the Reserve Bank of India.
- Raghuram Rajan is born on 3rd february, 1963 in Bhopal, Madhya Pradesh, India.
- He is a Tamil Brahmin & his father was a Senior Bureaucrat in Indian Government.
- He is the current and the 23rd Governor of the Reserve Bank of India, having taken charge of India’s central banking institution on 4 September 2013.
- Rajan was chief economic adviser to India’s Ministry of Finance during the previous year and chief economist at the International Monetary Fund from 2003 to 2007.
- He is on leave of absence as a professor of finance at the graduate business school at the University of Chicago.
- He did his schooling from 7 grade to 12 grade in Delhi Public School, RK Puram.
- He graduated from the Indian Institute of Technology, Delhi with a bachelor’s degree in electrical engineering in 1985.
- He acquired a Post Graduate Diploma in Business Administration from the Indian Institute of Management Ahmedabad in 1987.
- He received a PhD in Management from the MIT in 1991 for his thesis titled “Essays on Banking”.
- After graduation, He joined the Booth School of Business at the University of Chicago as the Chief Economist at the International Monetary Fund (IMF) from October 2003 to December 2006.
- In November 2008, Indian Prime Minister Dr. Manmohan Singh appointed Rajan as an honorary economic adviser.
- Replacing Kaushik Basu, Rajan was appointed as Chief Economic Adviser to the Government of India on 10 August 2012.
- In 2008, a high-level committee on financial reforms, headed by Rajan, submitted its final report to the Planning Commission.
- He also prepared the Economic Survey for India for the year 2012-13, on 27 February.
- On August 6, 2013 it was announced that Rajan would take over as the next RBI Governor.
- He was appointed RBI Governor for a term of 3 years succeeding D Subbarao whose term ended on 4 September 2013.
Awards, Achievements & Recognitions:
- In 2003, he won the Fischer Black Prize awarded by the American Finance Association for contributions to the theory and practice of finance by an economist under age 40.
- He was awarded the fifth Deutsche Bank Prize for Financial Economics 2013 on 26 September 2013 for his “ground-breaking research work which influenced financial and macro-economic policies around the world”.
- Few awards received by him in his illustrious career as an academician and a researcher in financial economics are as follows –
- Center for Financial Studies Deutsche Bank Prize for Financial Economics, 2013
- Infosys Prize for the Economic Sciences, 2012
- Global Indian of the Year Award, NASSCOM, 2011
- Bernhard Harms Prize awarded by the Kiel Institute for International Economics 2010
- Financial Times/Goldman Sachs Best Business Book of the Year Award, 2010
- Fellow of the American Academy of Arts and Sciences 2009.
- Jensen prize (runner-up) for paper in Journal of Financial Economics, 2006
- Fama/DFA prize for best paper in the Journal of Financial Economics, 2003
- Inaugural Fisher Black Prize awarded by the American Finance Association in January 2003
- Brattle Prize for distinguished paper in the Journal of Finance, 2002
- Brattle Prize for distinguished paper in the Journal of Finance, 2001
- Brattle Prize for distinguished paper in the Journal of Finance, 2000.
- Michael Brennan Award for the Best Paper published in the Review of Financial Studies,1997.
- Smith Breeden Prize awarded for best paper published in the Journal of Finance, 1994.
- Best Paper Award, Fifth Annual Small Firm Research Symposium, 1993.
- Smith Breeden Prize awarded for distinguished paper published in the Journal of Finance, 1992.
- Treffstz Prize for outstanding academic achievement, Western Finance Association, 1991.
- Gold Medal for academic performance, I.I.M (Ahmedabad), India, 1987.
- Director’s Gold Medal for all round performance in the class of 1985, I.I.T. (Delhi), 1985.
- Raghuram is married to Radhika Puri, a classmate from IIM Ahmedabad. They have a son and a daughter.
LinkedIn Profile :