Jun 13, 2021 01:24 PM IST
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.
- Jul 15, 2016 12:56 PM IST
"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.
- Sep 14, 2013 09:39 AM IST
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.
- Sep 04, 2013 12:21 PM IST
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.
- Sep 01, 2013 12:49 PM IST
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.
- Aug 06, 2013 03:38 PM IST
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.
- Aug 01, 2013 01:02 PM IST
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.
- Jul 30, 2013 10:13 PM IST
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.
- Jul 22, 2013 08:11 PM IST
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.
- Jul 11, 2013 02:18 PM IST
The comments on inflation being high sent benchmark 10-year bond yield up 3 basis points to 7.50 percent.
- Jul 04, 2013 07:31 PM IST
Canara Bank said on Thursday it will reduce its base rate by 30 bps from 10.25 percent to 9.95 percent.
- Jul 04, 2013 04:59 PM IST
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.
- Jul 04, 2013 04:15 PM IST
Earlier this week, the RBI said it had received 26 applications for new bank licenses.
- Jun 17, 2013 08:37 AM IST
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.
- Jun 07, 2013 05:51 PM IST
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.
- Jun 05, 2013 03:37 PM IST
Foreign banks are operating in India by registering their branches, but without establishing subsidiaries.
- Jun 04, 2013 05:40 PM IST
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.
- May 31, 2013 12:59 PM IST
Key equity benchmarks were down 1.5 percent as traders dump blue chip stocks post fourth quarter GDP data. Pulled down by poor performance of farm, manufacturing and mining sectors, India's economic growth slowed to 4.8 percent in the January-March quarter and fell to a decade's low of 5 percent for the entire 2012-13 fiscal
- May 31, 2013 11:04 AM IST
The FY13 GDP has also come in line with government estimates of 5 percent. Market and rupee remain largely unchanged to the news.
- May 30, 2013 08:46 PM IST
RBI admits that there is some truth in Cobrapost's allegations of wrong doings by banks.
- May 09, 2013 09:46 AM IST
Reserve Bank Governor D Subbarao says it is the responsibility of the government and tax authorities to check money laundering activities.
- Mar 25, 2013 08:34 AM IST
Reserve Bank of India Governor Duvvuri Subbarao said on Friday there was a need for action to prevent money laundering in the country following recent allegations against three large private sector banks.
- Mar 18, 2013 02:47 PM IST
The RBI is expected to cut policy rates on March 19, according to a Reuters poll, after the weakest economic growth in a decade, slowing inflation and a commitment by the government to contain its fiscal deficit.
- Mar 15, 2013 08:02 AM IST
The man widely expected to be the next Reserve Bank of India (RBI) governor favours clipping the autocratic power of the role and giving more say to a monetary policy committee.
- Jan 30, 2013 10:00 PM IST
A day after warning of more risks of price rise going forward due to suppressed inflation, Reserve Bank Governor D Subbarao today said he does not expect any negative surprises.