Rajan wins UK magazine's central bank Governor of the Year award

Mumbai, Jan 13: Reserve Bank of India Governor Raghuram Rajan has been named "Governor of the Year" by British magazine Central Banking. The magazine gave the award to Rajan for 2015 for "his deep understanding of the root causes of economic problems of the country combined with an impressive leadership style." "Rajan's disciplined and focused approach in leading the Reserve Bank during his first year as governor was remarkably impressive," Central Banking editor Christopher Jeffery said in a statement issued in London. "Although there is still much to do, his decisive policy actions based on robust analysis and deep understanding of the underlying causes has contributed significantly to changing perceptions about the strength of the Indian economy," Jeffery added. Accepting the award, Rajan said: "This is a recognition of the part the Reserve Bank and its staff have been playing in bringing macroeconomic stability to our economy. The award will be presented in London on March 12.