\"New routes like gold monetary reserves, which are already popular in countries like Italy, could be explored. RBI may require more guidance as to how to go about it,\" said Rajaraman.

A total of 123 companies took part in the placement process and made a total of 501 offers, which translated into 15 per cent of the batch receiving more than one offer, says IIM-C.

Anup Kumar Sinha and Santanu Mukherjee were both appointed as Additional Directors (Independent) of Bandhan Bank as well.

Despite all the good intentioned policy announcements, academicians and some of the business leaders involved with the running of some of the institutes argue that there are still a lot of grey areas

A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian is currently working as an associate professor of finance (with tenure) and executive director for the Centre for Analytical Finance at the Indian School of Business (ISB), Hyderabad.