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May 22, 2013
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subbarao
RBI likely to cut policy rates at its June 17 meeting: Experts
RBI is scheduled to announce mid-quarter review of monetary policy for 2013-14 on June 17.
Will conduct OMOs to manage liquidity when required: Subbarao
Reserve Bank of India (RBI) on Thursday said it will inject liquidity through Open Market Operations (OMOs) to deal with any shortage of cash in the system.
Cobrapost expose: RBI action soon; banks start cracking whip
Amid fresh allegations of money laundering by banks, RBI and several banks said actions are being taken against erring institutions and employees for violating prudential banking norms.
Present laws do not permit Islamic banking: RBI
Reserve Bank Governor D Subbarao on Wednesday said the present laws do not permit Islamic banking in the country, but a suitable legislation can create space for this important business model.
RBI listens to "silent voices" hurt by inflation: Subbarao
He said RBI was sensitive to the people who say interest rate must be brought down.
Responsibility to check money laundering rests with govt: RBI
Subbarao also said that the central bank was planning to introduce plastic currency notes soon.
RBI to use all options, including CRR, to manage liquidity
Reserve Bank Governor D Subbarao Monday said the Reserve Bank will consider all options available, including reducing the cash reserve ratio (CRR), to manage liquidity in the system.
RBI to incentivise banks for reporting counterfeit notes
The Reserve Bank will introduce a scheme of incentives for banks to encourage them to report detection of counterfeit notes.
Subbarao sees banks cutting lending rates in 3-6 months
Reserve Bank Governor D Subbarao Friday said banks will "certainly" cut interest rates in the next three-six months even as he asserted there is "less space" for further softening of key policy rates.
RBI to endeavour to actively manage liquidity: D Subbarao
Subbarao said that weak external demand and domestic bottlenecks continue to restrain investment in some of the major emerging economies.
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