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    <title>Statement by Dr. Raghuram Rajan on taking office on September 4, 2013</title>
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    <description>The statement sets the RBI&#039;s priorities: preserve monetary stability, increase transparency and predictability, review and strengthen the monetary policy framework, liberalise bank branching with inclusion conditions, implement a transparent external screening process for new bank licences, encourage foreign banks to adopt subsidiary structures, recalibrate mandated investments and priority sector lending, deepen financial markets with targeted instruments and facilities, provide concessional swap windows and eased overseas borrowing limits to mobilise longer-term foreign funds, and strengthen payment, credit-information and recovery infrastructures including retail payment and inclusion measures.</description>
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