ECONOMY / DR. VERGHESE KURIEN MEMORIAL LECTURE

Why Raghuram Rajan has lost patience with defaulting promoters

“We need a change in mind set, where the wilful or non-cooperative defaulter is not lionized as a captain of industry, but justly chastised as a freeloader on the hardworking people of this country,” said the RBI governor in his recent lecture at IRMA, Anand. An unedited transcript of his speech