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Top bankers hail work of outgoing RBI chief Subbarao

Last Updated: Monday, September 02, 2013, 15:01

Top bankers have hailed the contributions of the outgoing Reserve Bank Governor Duvuuri Subbarao saying he did his best during a tenure that was marked by difficult times for the economy.

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

Last Updated: Sunday, September 01, 2013, 11:53

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.

Corporate-run banks can serve economy better: RBI Governor

Last Updated: Thursday, August 29, 2013, 23:38

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 admits he was slow to tighten rates

Last Updated: Thursday, August 29, 2013, 23:36

Outgoing RBI Governor Duvuuri Subbarao Thursday conceded that he should have acted faster in reversing the easy monetary policy stance after inflation resurfaced post-2008 crisis, and also joked that he may be remembered as "baby-steps Subbarao" for it.

Non-banking firms must be under RBI regulation: Subbarao

Last Updated: Tuesday, August 13, 2013, 17:56

Banking as well as non-banking financial companies must be under a unified regulation of the central bank to prevent 2008 like crisis, Reserve Bank of India (RBI) Governor D Subbarao said Tuesday.

Raghuram Rajan to replace Subbarao as RBI governor

Last Updated: Tuesday, August 06, 2013, 15:46

Rajan will replace D Subbarao, who completes his five-year term on September 4, and will be the 23rd Governor of the central bank.

RBI to come out with more measures to rein in NPA: Subbarao

Last Updated: Thursday, August 01, 2013, 19:15

Concerned over rising bad loans, the Reserve Bank Thursday said it will take more measures to check non-performing assets (NPAs) of the public sector banks.

RBI monetary policy review: Key highlights

Last Updated: Tuesday, July 30, 2013, 11:49

Key short term lending rate (repo rate) kept unchanged at 7.25 percent.

RBI maintains status quo; lowers growth forecast to 5.5%

Last Updated: Tuesday, July 30, 2013, 11:05

Presently, the short-term lending (repo) rate, or the rate at which RBI lends to banks, is at 7.25 percent, while the cash reserve ratio (CRR) is at 4 percent.

RBI may keep rates unchanged in its policy review today

Last Updated: Monday, July 29, 2013, 18:27

Hinting at status quo on policy rates, the RBI Monday said its immediate focus is to stabilise rupee and made a case for calibrated action to contain the current account deficit, which is a major reason for the steep fall in currency.

RBI concerned over high current account deficit

Last Updated: Thursday, July 04, 2013, 17:57

Voicing concern over high Current Account Deficit, Reserve Bank Governor D Subbarao Thursday said steps should be taken to reduce it to sustainable levels.

Not all eligible applicants may get bank licence: Subbarao

Last Updated: Thursday, July 04, 2013, 17:30

Asserting that it will accelerate the process of issuing new bank licences, Reserve Bank Thursday said it was possible that not all eligible applicants will be granted a licence.