Raghuram Rajan: What he said, really meant and definitely didn’t

Raghuram Rajan

What he said:

“A 007 James Bond image is very dangerous for a central banker to have.”

Rajan added:

“…the RBI  is being managed well. I have spent a lot of time watching the system and thinking about it from my 2008 report to my stint as an adviser to the Prime Minister and as the chief economic adviser.
There are a lot of things I know can be done. I am trying to push to get those things done sooner rather than later. There is tremendous amount of work inside the RBI on doing things, not just by me but my predecessor, Dr Subbarao. I don’t want to take that James Bond (image). But, a banker on the move — I will take that.”

What he really meant:

“I’m licensed but not to kill. I cannot appear to be running the RBI like a bull in a chinaware shop. Everything has to be planned and methodical. Nothing should be left to chance. I cannot be unpredictable or appear to be so. My very demeanor and presence should reassure my constituents.”

What he definitely didn’t:

“Bonds, equity, cash…I’ll take whatever image comes with that. You may even call me Goldfinger.”