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Raghuram Rajan, (C) newly appointed Governor of RBI with K C Chakrabarty, Deputy Governor, RBI (2L) arrives at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, newly appointed Governor of RBI gestures as he arrives at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, newly appointed Governor of RBI gestures as he arrives at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, newly appointed Governor of RBI receives a bouquet from K C Chakrabarty, Deputy Governor, RBI as he arrives at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan arrives for the taking charge as the new Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, Governor, RBI with D Subbarao, Former Governor, RBI for the taking charge as the new Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan arrives for the taking charge as the new Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan arrives for the taking charge as the new Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan Governor, RBI signs the entity while D Subbarao, Former Governor, RBI looks on during the signing ceremony at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan Governor, RBI signs the entity while D Subbarao, Former Governor, RBI looks on during the signing ceremony at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan Governor, RBI & D Subbarao, Former Governor, RBI gesture during the signing ceremony at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, Governor, RBI hugs D Subbarao, Former Governor, RBI as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, Governor, RBI hugs D Subbarao, Former Governor, RBI as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, Governor, RBI shakes hand with D Subbarao, Former Governor, RBI as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, Governor, RBI hugs D Subbarao, Former Governor, RBI as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, Governor, RBI hugs D Subbarao, Former Governor, RBI as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, Governor, RBI shakes hand with D Subbarao, Former Governor, RBI as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

D Subbarao, Former Governor, RBI gestures during the charge taking ceremony of Raghuram Rajan as the new Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, Governor, RBI & D Subbarao, Former Governor, RBI gesture during the signing ceremony at the bank’s headquarter in Mumbai on Tuesday, 04 September 2013.

Raghuram Rajan, Governor, RBI gestures during the press conference as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Wednesday, 04 September 2013.

Raghuram Rajan, Governor, RBI addresses during the press conference as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Wednesday, 04 September 2013.

Raghuram Rajan, Governor, RBI gestures during the press conference as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Wednesday, 04 September 2013.

Raghuram Rajan, Governor, RBI gestures during the press conference as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Wednesday, 04 September 2013.

Raghuram Rajan, Governor, RBI gestures during the press conference as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Wednesday, 04 September 2013.

Raghuram Rajan, Governor, RBI gestures during the press conference as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Wednesday, 04 September 2013.

Raghuram Rajan, Governor, RBI gestures during the press conference as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Wednesday, 04 September 2013.

Raghuram Rajan, Governor, RBI gestures during the press conference as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Wednesday, 04 September 2013.

Raghuram Rajan, Governor, RBI gestures during the press conference as he takes over the charge as Governor of Reserve Bank of India at the bank’s headquarter in Mumbai on Wednesday, 04 September 2013.

Hamid Ansari, VP, India, HR Bharadwaj, Governor of Karnataka, Dr Isaac Mar Philoxenos, Chairperson, ECC, TB Jayachandra, Law & Parliamentary Affairs Minister, Shri Ravi Shankar arrives for the Golden Jubilee Celebration of Ecumenical Christian Centre & Birth Centenary of Founder Director Late Dr MA Thomas in Bangalore on Saturday, 17 August 2013.

Hamid Ansari, VP, India lights the lamp while HR Bharadwaj, Governor of Karnataka, Dr Isaac Mar Philoxenos, Chairperson, ECC, TB Jayachandra, Law & Parliamentary Affairs Minister, Shri Ravi Shankar looks on during the Golden Jubilee Celebration of Ecumenical Christian Centre & Birth Centenary of Founder Director Late Dr MA Thomas in Bangalore on Saturday, 17 August 2013.

Hamid Ansari, VP, India being received by HR Bharadwaj, Governor of Karnataka at at HAL Air Port in Bangalore on Friday, 16 August 2013.

Hamid Ansari, VP, India being received by HR Bharadwaj, Governor of Karnataka at at HAL Air Port in Bangalore on Friday, 16 August 2013.

Hamid Ansari, VP, India being received by HR Bharadwaj, Governor of Karnataka at at HAL Air Port in Bangalore on Friday, 16 August 2013.

K R Kamath, CMD of Punjab National Bank, D Subbarao, Governor, RBI & V R Iyer, Chairperson & MD, Bank of India poses with report on Consistency, Quality & Resilience The Next Frontier for Productivity Excellence during the FIBAC 2013 meeting in Mumbai on Tuesday, 13 August 2013.

D Subbarao, Governor, RBI addresses during the FIBAC 2013 meeting at the release of Consistency, Quality & Resilience The Next Frontier for Productivity in Mumbai on Tuesday, 13 August 2013.

K R Kamath, CMD of Punjab National Bank being felicitated by D Subbarao, Governor, RBI while V R Iyer, Chairperson & MD, Bank of India during the FIBAC 2013 meeting at the release of Consistency, Quality & Resilience The Next Frontier for Productivity in Mumbai on Tuesday, 13 August 2013.

K Sankaranarayanan, Governor, Maharashtra, Sunil Prabhu, Mayor, Mumbai & bollywood actor John Abraham poses during the registration of 11th Standard Chartered Mumbai Marathon 2014 in Mumbai on Thursday, 18 July 2013.

K Sankaranarayanan, Governor, Maharashtra, Sunil Prabhu, Mayor, Mumbai & bollywood actor John Abraham poses during the registration of 11th Standard Chartered Mumbai Marathon 2014 in Mumbai on Thursday, 18 July 2013.

K Sankaranarayanan, Governor, Maharashtra interacts with bollywood actor John Abraham during the registration of 11th Standard Chartered Mumbai Marathon 2014 in Mumbai on Thursday, 18 July 2013.

K Sankaranarayanan, Governor, Maharashtra shakes hand with bollywood actor John Abraham while Sunil Prabhu, Mayor, Mumbai looks on during the registration of 11th Standard Chartered Mumbai Marathon 2014 in Mumbai on Thursday, 18 July 2013.