D. Subbarao

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RBI Governor meets Chidambaram, discusses economic situation


Reserve Bank Governor D. Subbarao on Monday met Finance Minister P. Chidambaram and discussed the macro-economic situation.

This was the first meeting between the RBI Governor and Chidambaram fo

Manufacturing key to achieve GDP growth above 6.5%: RBI


India needs to focus more on manufacturing in order to achieve GDP growth more than 6.5 per cent, Reserve Bank of India has said.

The manufacturing sector has the scope for creating jobs for million

RBI for customer-friendly savings bank deposit rate policies


The Reserve Bank wants larger banks to come out with customer-friendly interest rate policies following the deregulation of savings bank rate like their smaller counterparts in the private sector.

Govt to announce steps on Monday to improve economy


Expressing concern over signs of weakness in the Indian economy, Finance Minister Pranab Mukherjee on Saturday said the government is set to announce certain measures on Monday to improve market conditions in consultations with the Reserve Bank.

Rupee slide: RBI Governor meets Manmohan Singh


A day after hinting that the central bank would take necessary steps to arrest the rupee's slide, RBI Governor D. Subbarao on Friday met Prime Minister Manmohan Singh and is believed to have discussed

India's growth pegged at 7.3 percent, inflation at 6.5 percent

India's central bank has projected the country's economic growth at 7.3 percent this fiscal, even as it has assessed the inflation rate to rule at around 6.5 percent by end-March, 2013.

"The global o

RBI tightens norms for bank lending to gold finance cos


Concerned over spurt in gold imports, RBI on Tuesday asked banks to reduce exposure to NBFCs giving loan against the precious metal and has set up a working group to suggest ways to deal with the issu

Signals 'disturbing', but not 1991-type situation now: RBI


Reserve Bank Governor D. Subbarao has said that rising fiscal deficit and short-term debt levels are 'quite disturbing' but the nation is not facing a repeat of a 1991 balance of payment crisis.


Excessive borrowing bad, cap fiscal deficit: RBI tells govt


Cautioning the government that excessive borrowing is bad, Reserve Bank Governor D. Subbarao on Wednesday urged the government to put a cap on the public debt as it would hurt growth.

"There is a

India-China trade gap widening: RBI chief

Raipur: Trade between India and China is surging but the gap is widening in favour of the latter, Reserve Bank of India (RBI) chairman D. Subbarao said on Tuesday.

Trade between the two countries sur

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