"In my view, that is possible (India becoming the third-largest economy), but it's not a celebration. Why? We are a large economy because w...

Subbarao noted that despite the pandemic, the bad loan situation may be somewhat better this year and banks should move quickly and dispose...

He further said demonetisation is "arguably" leading to a flurry of innovations in Indian financial sector by way of digitisation of paymen...

The existing penalty for non-detection and non-reporting of counterfeit notes by banks is also being revisited, the Governor said.

he Reserve Bank today said it expects inflation to be range-bound around 5.5 per cent during the current fiscal year.

Subbarao has said the RBI is ready to revisit the ideal inflation target of 4-5%, which many feel is too low to attain given the current sc...

Reserve Bank Governor Duvuuri Subbarao today cited his receding hairline and the high rates for his hair cut to make a point on inflation.

The Reserve Bank will shortly issue banknotes of Rs 10 denomination with inset letter 'P' in the Mahatma Gandhi series.

While moderate inflation is essential for economic expansion, some short-term sacrifice in growth is inevitable, according to RBI Governor.

"The US is not growing remarkably, but slowly. Europe is experiencing negative growth and Japan is also recovering," he added.

Subbarao also said FDI in retail would have had a softening impact on food prices and helped the country contain inflation.

Subbarao said, "In the ultimate analysis, it is the quality of governance that separates success and failure in economic development..."

Ending months of suspense, Prime Minister Manmohan Singh today gave a two-year extension to RBI Governor D Subbarao beyond September.

RBI Governor D Subbarao has said that rising prosperity in rural India is leading to food scarcity, which is driving up food prices.

The RBI said it will shortly issue Rs 10 denomination notes with inset letter 'N' in both numbering panels in Mahatma Gandhi Series bearing...

The RBI asked banks to hike deposit rates and lower the interest charged on loans with a view to raise the level of national savings.

Ahead of the monetary review on Tuesday next, Reserve Bank governor D Subbarao on Friday met finance minister Pranab Mukherjee and discusse...