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  • Sharpening income inequalities telling story of 'uneven' economic recovery amid pandemic: Ex-RBI Guv Subbarao Jun 13, 2021 01:24 PM IST

    Sharpening income inequalities telling story of 'uneven' economic recovery amid pandemic: Ex-RBI Guv Subbarao

    Terming the uneven recovery "morally wrong and politically corrosive", he said liquidity in the domestic market and foreign fund inflows are leading to soaring of prices of stocks and other assets despite disruptions due to Covid pandemic.

  • Obituary | Subir Gokarn, the RBI deputy governor when economy was in doldrums Jul 31, 2019 05:03 PM IST

    Obituary | Subir Gokarn, the RBI deputy governor when economy was in doldrums

    As RBI searched for answers for elevated inflation, Subir Gokarn came up with the idea of protein inflation. In a controversial speech in October 2010, he said with rising incomes Indians were consuming more proteins in the form of dals, eggs and meat.

  • Chidambaram vs Subbarao face off: Did UPA pressurise RBI? Aug 20, 2016 04:25 PM IST

    Chidambaram vs Subbarao face off: Did UPA pressurise RBI?

    At the book launch event of former Reserve Bank of India Governor Duvvuri Subbarao's Who Moved My Interest Rates, former Finance Minister P Chidambaram took part in a panel discussion and offered his take on some of contentious issues raised by the ex-central bank chief.

  • Economy would've benefited if Rajan had stayed: Subbarao Jul 25, 2016 05:27 PM IST

    Economy would've benefited if Rajan had stayed: Subbarao

    Terming Reserve Bank Governor Raghuram Rajan's decision to not seek an extension as 'surprising', his predecessor Duvvuri Subbarao says the economy would have been benefited immensely if he had continued.

  • Chidambaram, Pranab put pressure over interest rates: D Subbarao Jul 15, 2016 12:56 PM IST

    Chidambaram, Pranab put pressure over interest rates: D Subbarao

    "Both Chidambaram and Pranab Mukherjee were piqued by the Reserve Bank's tight interest rate policy on the ground that high interest rates were inhibiting investment and hurting growth," writes Subbarao, who manned the Mint Road during the global financial crisis and had a five-year tenure from September 5, 2008 to September 4, 2013.

  • Inflation can't be fought with textbook approaches: Kamath Sep 14, 2013 09:39 AM IST

    Inflation can't be fought with textbook approaches: Kamath

    Wondering whether the "textbook prescriptions" are relevant today, Kamath said those principles were laid down at a very different time, especially when markets were not as open as they are today.

  • Baptism of fire for India's new central bank chief Sep 04, 2013 12:21 PM IST

    Baptism of fire for India's new central bank chief

    Succeeding D Subbarao as the RBI Governor, Raghuram Rajan's immediate challenge will lie in restoring confidence in the rupee, which has been subject to consistent freefall.

  • Subbarao to say good bye to Mint Street after 5 stormy yrs Sep 01, 2013 12:49 PM IST

    Subbarao to say good bye to Mint Street after 5 stormy yrs

    As wholesale inflation started inching downward this summer, the Governor, a topper in the Civil Service exam in 1972, was faced with problem of falling rupee. Rupee against the dollar has depreciated over 20 per cent in the last three months and is at present hovering over 65 to the greenback.

  • RBI chief says policy not to resort to capital controls Aug 29, 2013 07:32 PM IST

    RBI chief says policy not to resort to capital controls

    The Reserve Bank of India's outgoing Governor Duvvuri Subbarao on Thursday emphasised the central bank's policy is not to resort to capital controls but said it must maintain its focus on stabilising markets.

  • RBI chief says reserve ratios may need to come down Aug 13, 2013 11:30 AM IST

    RBI chief says reserve ratios may need to come down

    The cash reserve ratio, or the amount of cash lenders must deposit with the Reserve Bank of India, stands at a record low of 4 percent. Meanwhile, the statutory liquidity ratio, which includes securities such as government bonds, stands at 23 percent.

  • Does Raghuram Rajan have 'magic wand' to drive market? Aug 07, 2013 08:22 AM IST

    Does Raghuram Rajan have 'magic wand' to drive market?

    Rajan said he does not have a 'magic wand' to cure the ills of the economy but promised to tackle the challenges by working closely with the government.

  • Raghuram Rajan appointed 23rd RBI governor Aug 06, 2013 03:38 PM IST

    Raghuram Rajan appointed 23rd RBI governor

    Raghuram Govind Rajan, the country's chief economic advisor to the Finance Ministry, will take up the mantle of governorship in the Reserve Bank of India (RBI) from September 5. The present incumbent - D Subbarao will demit his office on September 4, this year.

  • India duels with FX market to keep rupee off record low Aug 01, 2013 01:02 PM IST

    India duels with FX market to keep rupee off record low

    The RBI intervened in the foreign exchange market on Thursday to stop the rupee's slide toward a record low as its defence of the currency.

  • Food Bill to put pressure on growth, inflation: RBI Jul 30, 2013 10:13 PM IST

    Food Bill to put pressure on growth, inflation: RBI

    The UPA Government's proposed Food Security Bill carries a slew of "economic consequences", including pressures on fiscal deficit, growth and inflation, Reserve Bank Governor D Subbarao said today.

  • Don't see further RBI liquidity tightening measures: Nomura Jul 25, 2013 11:42 AM IST

    Don't see further RBI liquidity tightening measures: Nomura

    Vivek Rajpal, Rates Strategist, Nomura India believes that the liquidity tightening measures by RBI are temporary in nature. However, he does not expect any further tightening in the upcoming policy.

  • Question of change or continuity hovers over RBI Jul 22, 2013 08:11 PM IST

    Question of change or continuity hovers over RBI

    As Reserve Bank of India governor Duvvuri Subbarao is due to leave office, questions and speculations over his successor hover. Leading candidates such as Raghuram Rajan, Arvind Mayaram have propped up.

  • Subbarao called to meeting with PM, finance minister Jul 15, 2013 11:59 AM IST

    Subbarao called to meeting with PM, finance minister

    RBI Governor Subbarao had to cancel his visit to a Mumbai College after he was urgently called for a meeting with the finance minister and prime minister.

  • Subbarao says inflation still high; bond yields rise Jul 11, 2013 02:18 PM IST

    Subbarao says inflation still high; bond yields rise

    The comments on inflation being high sent benchmark 10-year bond yield up 3 basis points to 7.50 percent.

  • Canara Bank cuts base rate by 30 bps Jul 04, 2013 07:31 PM IST

    Canara Bank cuts base rate by 30 bps

    Canara Bank said on Thursday it will reduce its base rate by 30 bps from 10.25 percent to 9.95 percent.

  • RBI not targeting any exchange rate: Subbarao Jul 04, 2013 04:59 PM IST

    RBI not targeting any exchange rate: Subbarao

    The rupee had touched historic low of 60.76 level against the dollar on June 26 due to heavy capital outflows amid fears of early withdrawal of US monetary stimulus.

  • RBI chief says not all applicants to get bank licences Jul 04, 2013 04:15 PM IST

    RBI chief says not all applicants to get bank licences

    Earlier this week, the RBI said it had received 26 applications for new bank licenses.

  • Mixed global mkts; will RBI policy bring glee to Nifty? Jun 17, 2013 08:37 AM IST

    Mixed global mkts; will RBI policy bring glee to Nifty?

    The market will be carefully eyeing the RBI credit policy. A CNBC-TV18 poll of bankers and economists show that 70 percent of the respondents do not expect RBI to cut repo rate or the cash reserve ratio (CRR). Only 30 percent respondents expect a 25 basis points rate cut in the upcoming policy.

  • RBI chief says retail inflation still high Jun 07, 2013 05:51 PM IST

    RBI chief says retail inflation still high

    India's consumer price-led inflation was 9.39 percent in April, while the annual wholesale price-led inflation slipped below the crucial five percent threshold to 4.89 percent, also in April.

  • RBI may issue final norms on foreign banks in few months Jun 05, 2013 03:37 PM IST

    RBI may issue final norms on foreign banks in few months

    Foreign banks are operating in India by registering their branches, but without establishing subsidiaries.

  • 'Inflation warrior' a compliment to the RBI governor? Jun 04, 2013 05:40 PM IST

    'Inflation warrior' a compliment to the RBI governor?

    Subbarao said if people thought that he was an inflation warrior to imply that he was targeting inflation regardless of all other concerns, then that would be misreading of RBI's policy calculations.

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