Reserve Bank Governor D Subbarao

Much of the resolution will have to take place outside the Insolvency and Bankruptcy Code framework, former Reserve Bank of India Governor D Subbarao said.

Reserve Bank of India (RBI) Governor Urjit Patel stepped down from his position today, months after a conflict between the central bank and the Narendra Modi government stormed into the open. The opposition parties were quick to blame the government for his decision, with the Congress declaring it as the "result of our chowkidar's assault on democr...

Demonetisation is "arguably" leading to a flurry of innovations in Indian financial sector by way of digitisation of payments, Mr Subbarao said.

Former RBI governor D Subbarao spoke out against the idea of having a 'moral code of conduct' for the central bank head, strongly defending the right of public intellectuals like his successor Raghuram Rajan to use the gravitas of the office for public good.

Reserve Bank Governor Raghuram Rajan disclosed that idea of raising diaspora deposits, which changed the downward course of the rupee when he took over in September 2013, had come from bankers and he was very sceptical about it given the cost to the exchequer.

D Subbarao, who was governor of the Reserve Bank of India during the UPA regime, on Thursday said there was pressure from the government to cut lending rates but he did not succumb to it.

Former Reserve Bank Governor D Subbarao has said differences between the central bank and the government are not bad in themselves but contribute to improving public policies.

The new interest rate setting Monetary Policy Committee (MPC) could enhance the autonomy of the Reserve Bank and will put greater discipline on both the central bank and the government to meet their targets, former RBI Governor D Subbarao has said.

"It was baptism by fire," Duvvuri Subbarao said as he recounted his early months as governor of the Reserve Bank of India in 2008, a time when Lehman Brothers collapsed and pushed the global financial sector into a "near death" experience.

Outgoing Reserve Bank of India Governor Raghuram Rajan, known for his outspoken ways, has no "immediate plans" to write a tell-all book on his experience as head of the central bank, unlike his predecessor D Subbarao whose quite revealing memoir has just come out.

Former Reserve Bank Governor Duvvuri Subbarao has credited his successor Raghuram Rajan's "formidable reputation" for bringing sanity to the forex market when the rupee had lost nearly 25 per cent amid 'taper tantrums' in the summer of 2013.

Reserve Bank of India has to listen to voices of the poor who are hurt the most by inflation, its former Governor Duvvuri Subbarao said adding that cutting interest rates is not necessarily the solution to stimulate investment.

Reserve Bank of India (RBI) Governor Raghuram Rajan has said it is shameful that so many people in the country do not have access to banking and emphasised the need to make KYC norms less bureaucratic.

The rupee has fallen 10 per cent since July 15, when the Reserve Banks announced its first major plan to defend the currency. These steps to tighten liquidity sent overnight interest rates higher. But even as analysts were discussing the efficacy of these measures, RBI Governor D Subbarao said the RBI may withdraw these cash tightening steps in a c...

Chief Economic Advisor Raghuram Rajan will be the next Reserve Bank of India (RBI) Governor after incumbent D Subbarao retires in September.

Much of the resolution will have to take place outside the Insolvency and Bankruptcy Code framework, former Reserve Bank of India Governor D Subbarao said.

Reserve Bank of India (RBI) Governor Urjit Patel stepped down from his position today, months after a conflict between the central bank and the Narendra Modi government stormed into the open. The opposition parties were quick to blame the government for his decision, with the Congress declaring it as the "result of our chowkidar's assault on democr...

Demonetisation is "arguably" leading to a flurry of innovations in Indian financial sector by way of digitisation of payments, Mr Subbarao said.

Former RBI governor D Subbarao spoke out against the idea of having a 'moral code of conduct' for the central bank head, strongly defending the right of public intellectuals like his successor Raghuram Rajan to use the gravitas of the office for public good.

Reserve Bank Governor Raghuram Rajan disclosed that idea of raising diaspora deposits, which changed the downward course of the rupee when he took over in September 2013, had come from bankers and he was very sceptical about it given the cost to the exchequer.

D Subbarao, who was governor of the Reserve Bank of India during the UPA regime, on Thursday said there was pressure from the government to cut lending rates but he did not succumb to it.

Former Reserve Bank Governor D Subbarao has said differences between the central bank and the government are not bad in themselves but contribute to improving public policies.

The new interest rate setting Monetary Policy Committee (MPC) could enhance the autonomy of the Reserve Bank and will put greater discipline on both the central bank and the government to meet their targets, former RBI Governor D Subbarao has said.

"It was baptism by fire," Duvvuri Subbarao said as he recounted his early months as governor of the Reserve Bank of India in 2008, a time when Lehman Brothers collapsed and pushed the global financial sector into a "near death" experience.

Outgoing Reserve Bank of India Governor Raghuram Rajan, known for his outspoken ways, has no "immediate plans" to write a tell-all book on his experience as head of the central bank, unlike his predecessor D Subbarao whose quite revealing memoir has just come out.

Former Reserve Bank Governor Duvvuri Subbarao has credited his successor Raghuram Rajan's "formidable reputation" for bringing sanity to the forex market when the rupee had lost nearly 25 per cent amid 'taper tantrums' in the summer of 2013.

Reserve Bank of India has to listen to voices of the poor who are hurt the most by inflation, its former Governor Duvvuri Subbarao said adding that cutting interest rates is not necessarily the solution to stimulate investment.

Reserve Bank of India (RBI) Governor Raghuram Rajan has said it is shameful that so many people in the country do not have access to banking and emphasised the need to make KYC norms less bureaucratic.

The rupee has fallen 10 per cent since July 15, when the Reserve Banks announced its first major plan to defend the currency. These steps to tighten liquidity sent overnight interest rates higher. But even as analysts were discussing the efficacy of these measures, RBI Governor D Subbarao said the RBI may withdraw these cash tightening steps in a c...

Chief Economic Advisor Raghuram Rajan will be the next Reserve Bank of India (RBI) Governor after incumbent D Subbarao retires in September.