Raghuram Rajan takes over as RBI governor - Raghuram Rajan on Wednesday to- Navbharat Times Photodhamal

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Raghuram Rajan on Wednesday took over as the new governor of the Reserve Bank of India (RBI).

In This Pic : Raghuram Rajan, D Subbarao

Pic Courtesy : BCCL

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Rajan, 50, an economics professor who also served as chief economist at the International Monetary Fund, took charge from D Subbarao.

In This Pic : Raghuram Rajan, D Subbarao.

Pic Courtesy : BCCL

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The duo shook hands warmly and hugged after Rajan signed papers taking over as the 23rd Governor of the central bank, according to PTI.

In This Pic : Raghuram Rajan, D Subbarao.

Pic Courtesy : BCCL

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"Ten minutes ago, I handed over charge to Raghuram Rajan," Subbarao said after stepping out of Mint Road. "The country could not have asked for a more capable person to lead the RBI in these most difficult times."

In This Pic : Raghuram Rajan

Pic Courtesy : BCCL

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Raghuram Rajan is an outspoken economist who famously predicted the 2008 global financial crisis years in advance, AFP reported. Rajan, a staunch economic reformer and withering critic of Indian corruption and bureaucracy, takes the helm of the as the country weathers its worst economic storm in years.

In This Pic : D Subbarao.

Pic Courtesy : BCCL