Subir Gokarn appointed Executive Director at IMF
Subir Gokarn appointed Executive Director at IMF

Gokarn will represent India, Bangladesh, Sri Lanka and Bhutan on the Washington-based IMF's Executive Board, which is responsible for conducting the day-to-day business of the multilateral institution.

Race for Sebi's new chief begins, prominent names come up
Race for Sebi's new chief begins, prominent names come up

Finance Ministry has sped up the search for the new Sebi chairman because Sinha's term is scheduled to come to an end on February 17, 2016.

Urjit Patel's name cleared for RBI Deputy Governor post

Patel is at present a non-resident senior fellow at the Brookings Institution, a US-based think-tank. He is also a consultant to the Boston Consulting Group.

Gokarn retires, monetary policy dept under Guv Subbarao

RBI Governor D Subbarao will now be directly in-charge of the monetary policy department which was under Deputy Governor Subir Gokarn who has retired.

Corporate bond market key to infra financing: Gokarn

Reserve Bank Deputy Governor Subir Gokarn on Saturday said there is need for a vibrant corporate bond market for financing infrastructure projects.

Rupee rise, softening commodity prices to help ease rates: Gokarn

RBI Deputy Governor Subir Gokarn Tuesday said the appreciation of the rupee and softening of commodity prices will give the central bank more leg-room to ease the monetary regime going forward.

Rising wages offsetting inflation pinch: Gokarn

To tame inflation, the Reserve Bank since March 2010 has announced 13 consecutive rate hikes. However, inflation is still above the RBI's 5 percent comfort levels.

Inflation remains primary concern for RBI: Gokarn

His comments come amid growth in the second quarter falling to 5.3 percent in July-September period, triggering demands for a rate cut by the RBI to boost the economy.

RBI to take steps to address any liquidity deficit: Gokarn

The Reserve Bank would take steps to address the liquidity deficit in the banking system, if required, its Deputy Governor Subir Gokarn said Friday.

Fiscal deficit may touch 5.5% this year: Gokarn

Reserve Bank Deputy Governor Subir Gokarn Monday said the fiscal deficit is likely to be around 5.5 percent of the GDP this financial year, which is creating stress on the inflation front.

Gokarn for dematerialisation to arrest rising gold demand

Reserve Bank Deputy Governor Subir Gokarn on Sunday said there is a need to "dematerialise" gold like any other financial product to reduce its physical imports, the rise of which has been blamed for the high current account deficit that is feared to touch new record high this year.

Subir Gokarn gets extension till Dec 31

His term was due to end on November 24. He was appointed in November 2009 for a period of three years.

No target or band set for rupee: Gokarn

Reserve Bank will intervene in the forex market only to curb excessive volatility in exchange rate but stated there is no target set for rupee, deputy governor Subir Gokarn said here Monday.

RBI aiming to ensure gold lending risks are controlled: Gokarn

In major steps, RBI had asked banks to reduce exposure to NBFCs giving loan against the precious metal and set up a working group to suggest ways to deal with the issue.

Food inflation is stubbornly high, says Gokarn

Food inflation is "stubbornly" high and is a barrier to economic growth, Reserve Bank Deputy Governor Subir Gokarn said here Tuesday.

Liquidity position comfortable, RBI says ahead of policy review

The central bank, in its mid-quarterly review of monetary policy to be announced on September 17, is expected to take steps to promote growth and also contain inflationary expectations.

Economic growth veers around industrial performance: Gokarn

Reserve Bank Deputy Governor Subir Gokarn on Saturday said the economic growth of the country has been characterised by the variability of the industrial sector's performance.

Improvement in govt finances can avert rating downgrade: RBI

Reserve Bank on Thursday said the possibility of India's sovereign rating downgrade by global agencies like Moody's and Fitch can be averted by improvement in government finances.

Open mkt operations not to reduce govt's borrowing cost: Gokarn

Open market operations (OMOs) are not intended to reduce the cost of borrowing for the government but are monetary instruments to manage liquidity, RBI Deputy Governor Subir Gokarn said Tuesday.

RBI will focus on progress of SW monsoon: Gokarn

The Reserve Bank of India would pay more attention to the progress of the south west monsoon as it goes into its "policy date", RBI Deputy Governor Subir Gokarn said on Wednesday.