Keela surandai

Raghuram Rajan connects mouldy banking system to latest tech version  MUMBAI: Technocrat central banker Raghuram Rajan quietly and carefully grafted India's IT muscle and sinew into its mouldy banking system seamlessly stitching the speed of innovation to a path of incremental liberalisation and in the process became a guiding light for financial technology companies.  "When there is uncertainty then it is easy to say No. But saying no prevents the system from developing. What should be the preferred thing to say is wait, we should watch it and see how  better the regulation can evolve," Rajan had said regarding innovative technologies in banking. And he oversaw a quiet revolution by following the Chinese saying he was fond of "Cross the river by feeling the stones."  Under Rajan's watch was ushered two of the biggest innovations in the banking sphere UPI (Unified Payments Interface) and BBPS (Bharat Bill Payments System). While UPI is aimed at making ...