Raghuram Govinda Rajan was the 23rd Governor of the Reserve Bank of India, having taken charge of India's central banking institution on 4 September 2013, and succeeding Duvvuri Subbarao. He is currently the Vice Chairman of the Bank for International Settlements.
Raghuram is currently taking a leave of absense as the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business.
Prior to resuming teaching in 2007, Raghuram was Chief Economist and Director of Research at the International Monetary Fund. Since then, he has chaired the Indian government’s Committee on Financial Sector Reforms, which submitted its report in 2008.
Raghuram's research interests are in banking, corporate finance, and economic development, especially the role finance plays in it. His papers have been published in all the top economics and finance journals, and he has served on the editorial board of the American Economic Review and the Journal of Finance. He has recently written a book which won the Goldman Sachs Book of the Year award entitled Fault Lines: How Hidden Cracks Still Threaten the World Economy. He also has an earlier book co-authored with Luigi Zingales entitled Saving Capitalism from the Capitalists.
He is a senior advisor to BDT Capital, Booz and Co, and is on the international advisory board of Bank Itau-Unibanco. He is a director of the Chicago Council on Global Affairs and on the Comptroller General of the United State’s Advisory Council.
Raghuram is also President of the American Finance Association and a member of the American Academy of Arts and Sciences. In 2003, the American Finance Association awarded Raghuram the inaugural Fischer Black Prize, given every two years to the financial economist under age 40 who has made the most significant contribution to the theory and practice of finance.