The problems with SMEs, troubled power companies, and NBFCs have hardly been created by the RBI. And while the government would love to believe that a more reasonable (or pliable) central bank will solve all the problems, this is not going to happen.

The hunt for a new chief executive began after the RBI refused another term to the incumbent Rana Kapoor citing "serious lapses" in governance and a "poor compliance culture" at the bank.

A closer look at the history of this top job at the central bank reveals Sir Benegal Rama Rau, a member of the Indian Civil Service, was the longest serving Governor of the Bank.

The billionaire investor says the recent beatings won't affect the outcome of the General Elections in 2019, and that it was anti-incumbency that caused the BJP's defeat in Rajasthan, Madhya Pradesh and Chhattisgarh.

A four-pronged strategy is reportedly on the anvil to revive the state-owned Air India, complete with a brand overhaul and motivation for the workforce.