Dr. Viral V. Acharya, Former Deputy Governor of RBI, discussed the Quest to Restore India’s Financial Stability in an SPJIMR CFS Webinar
Dr. Viral V. Acharya gave his views on issues critical to the India’s current economic predicament and long-term financial stability in a webinar organized by the Centre for Financial Studies (CFS) on Saturday, August 1.
In conversation with SPJIMR Professor Ananth Narayan, Dr. Acharya, former Deputy Governor of the RBI opined that re-privatisation of state-run lenders is a must and believed that repeated recapitalization exercises of state-run banks was wasting taxpayer’s money. He also believed that the RBI’s Monetary Policy Committee should focus on checking price rise as its mandate rather than focusing on rate cuts at its next meeting.
The webinar saw Dr. Acharya field a host of critical economy-related questions from Professor Narayan which also included a Q&A session with the audience. The webinar was held a day after the launch of Dr. Acharya’s book, ‘Quest for Restoring Financial Stability in India’.
Dr Viral V. Acharya, C.V. Starr Professor of Economics, New York University, Stern School of Business (NYU-Stern) and Former Deputy Governor, Reserve Bank of India
Dr. Ranjan Banerjee, Dean SPJIMR and Prof. Neeraj Swaroop, Head - CFS, SPJIMR
Prof Ananth Narayan, Associate Professor Finance, SPJIMR