RBI Governor Raghuram Rajan received Governor of the Year Award for 2015

RBI Governor Raghuram Rajan received the Governor of the Year Award for 2015. The award recognises the Governor of a Central Bank who has demonstrated strong leadership during the period under review.

The Central Banking Awards for 2015 were announced by the Central Banking Publications on 12 January 2015.

Central Banking Awards for 2015
• Governor of the Year Award: Raghuram Rajan, RBI Governor
• Central Bank of the Year award: The Reserve Bank of New Zealand (RBNZ)
• Lifetime Achievement Award: Jacques de Larosiere former Governor of the Banque de France (1987–1993)
• Economics in Central Banking (inaugural award): Claudio Borio, head of the monetary and economic department at the Bank for International Settlements

Why Raguram Rajan awarded?
He was awarded for his disciplined and focused approach to tackling macroeconomic instability. His insights combined with his strong leadership skills made Rajan an inspirational figure in the central banking community. Rajan took over as RBI governor in September 2013 for a three-year term.

In 2014, Rajan was conferred with the Central Bank Governor award for 2014 by the Euromoney magazine for his tough monetary stance to combat the ravaging deficit-ridden economy and battling vested interests to arouse a sleepy financial system of India.