Ex-RBI Guv Subbarao against loan waiver schemes

Former Reserve Bank Governor D Subbarao today said that he is not in favour of farm loan waiver schemes being implemented by the governments of Andhra Pradesh and Telangana.

Expand Jan Dhan beyond bank accounts, says ex-RBI Guv Subbarao

Lauding the government's Jan Dhan initiative, former RBI Governor D Subbarao today said this financial inclusion programme should be expanded to also ensure remittance and credit facilities for the poor.

80th annual meet of Indian Academy of Sciences from tomorrow

The 80th annual meet of Indian Academy of Sciences, which was founded by Nobel laureate Sir C V Raman, would commence here from tomorrow.

No harm in deciding monetary policy in consultation with govt

Former RBI Governor D Subbarao, however, said that it had always remain a challenge for the central bank to assert its monetary authority.

Chidambaram says some functions of RBI need to be revisited

Finance Minister P Chidambaram Saturday pitched for limiting the Reserve Bank's mandate to monetary policy formulation and banking regulation, and for delegating its other functions to government or other regulators.

The five things that Raghuram Rajan did right in his first speech as RBI governor

It is not just his looks that appeal to people, Raghuram Rajan has laurels to match.

RBI governor Raghuram Rajan's key proposals

Raghuram Rajan came out with a slew of measures, including more trade settlement in rupees to rescue the battered financial markets.

New RBI governor Rajan to step into eye of rupee storm

Raghuram Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India's economy on Thursday as the Reserve Bank of India's new governor and chief defender of a nose-diving rupee.

Raghuram Rajan takes over as RBI Governor

Rajan, who was appointed as the Chief Economic Advisor in the Finance Ministry in August last year, bring to RBI a vast experience gained at the IMF and during the brief stint in the government.

Raghuram Rajan to take over as RBI Governor Thursday

Rajan has already said that he has no magic wand to face the challenge before the country but would deal with them one at a time.

Will deal with economic challenges one at a time: Raghuram Rajan

Rajan, 50, who has been in the Finance Ministry as the Chief Economic Advisor for barely a year, will replace Duvvuri Subbarao as RBI Governor who demits office on September 4.

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

While there were brickbats for his tight monetary policy that his critics called hawkish, there were any numbers of admirers for his stance they considered independent of the government, displaying the Central Bank's autonomy.

New CPI narrow for monetary policy decisions: Subbarao

The new series of consumer price index (CPI) is not enough for a robust statistical analysis of prices, Reserve Bank Governor D Subbarao said Friday.

Corporate-run banks can serve economy better: RBI Governor

Defending the decision to allow corporates to enter the banking fray, outgoing Governor D Subbarao Thursday said as a knowledge institution, the Reserve Bank needs to change with times, and asserted that corporates will serve the economy better by entering the field.

Subbarao blames government for rupee dip, economic woes

RBI Governor D Subbarao was Thursday sharply critical of the government, blaming its "loose fiscal stance" for the current economic woes, and warned that the root cause of rupee depreciation is "domestic structural factors."

RBI, govt should protect investors from illegal schemes: D Subbarao

It is the responsibility of the central bank as well as the government to protect investors from financial frauds, RBI Governor D Subbarao said Wednesday against the backdrop of chit fund schemes going bust in West Bengal and elsewhere.

No capital control measures on anvil, says Chidambarm

Reeling under the battering suffered by the rupee and markets, Finance Minister P Chidambaram and RBI Governor D Subbarao Thursday sought to assuage investors that there are no capital control measures in the offing and there is no need for panic in markets.

RBI went by majority opinion for status quo policy of July 30

Reserve Bank Governor D Subbarao moved with the majority opinion of TAC members and maintained status quo in the first quarter monetary policy review last month in the light of prevalent internal and external economic situation.

To say RBI is obsessed with inflation in inaccurate: Subbarao

Days before he steps down as Governor of RBI, a candid D Subbarao on Saturday characterised as "inaccurate and unfair" the contention that the central bank was "obsessed with inflation, oblivious to growth concerns".

SBI welcomes Subbarao's comments on reducing CRR, SLR

SBI Chairman Pratip Chaudhuri Wednesday welcomed RBI Governor D Subbarao's remark on the need to cut mandatory CRR and SLR ratios for lenders, saying it will divert capital to productive purposes.