Reserve Bank of India Governor Urjit Patel and his predecessor Raghuram Rajan. Photo: Reuters

‘Reverse Bank of India’: How note ban has turned a revered institution into a joke

The way Prime Minister Modi pushed through demonetisation and the chaos that followed expose a key weakness – the country’s hallowed central bank has no real autonomy

Topic |   Narendra Modi

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Reserve Bank of India Governor Urjit Patel and his predecessor Raghuram Rajan. Photo: Reuters
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Debasish Roy Chowdhury

Debasish Roy Chowdhury

Debasish is a Jefferson Fellow and winner of multiple Hong Kong News and SOPA awards. He has worked and lived in Calcutta, São Paulo, Hua Hin, Bangkok, Beijing, and Hong Kong.