India
RBI advisory committee split over rate hike
Minutes of Reserve Bank of India’s Technical Advisory Committee shows divisions over central bank’s decision to raise interest rates
RBI’s Mohanty on success of new monetary policy framework
Reserve Bank of India executive director Deepak Mohanty offers positive feedback on central bank’s new operating framework
RBI governor Subbarao’s term extended
Prime minister approves two-year extension to Duvvuri Subbarao’s term as central bank chief
Reserve Bank of India's Rajagopalan dies
Shashi Rekha Rajagopalan, a member of the central board of directors of the Reserve Bank of India, passes away; Reserve Bank governor pays respects
RBI paper says gold is misclassified in capital formation
A Reserve Bank of India study says valuables such as gold are misclassified in the gross capital formation as store value
RBI paper reviews financial inclusion policies in India
Reserve Bank of India case study on West Bengal region shows financial inclusion programmes are having limited success
Online banking poses challenges: RBI’s Padmanabhan
New executive director responsible for the IT, payment and settlement systems and foreign exchange department discusses challenges of online and telephone banking
Hawkish RBI in ‘surprise’ rate hike
Reserve Bank of India shocks markets with 50-basis point rate hike in a bid to curb rising inflationary pressures; further rate hikes expected this year
RBI's Gokarn on new financial stability empahsis
Reserve Bank of India deputy governor Subir Gokarn says financial stability can be jeopardised in environment of price and macroeconomic stability
RBI asked to regulate entire microfinance sector
Reserve Bank of India to receive powers to regulate entire microfinance sector under proposed bill
New deputy governor at RBI
Former Reserve Bank of India executive director Harun Rashid Khan assumes new role as deputy governor
RBI’s Chakrabarty on IT initiatives
Reserve Bank of India deputy governor KC Chakrabarty describes vision for new IT reforms in banking sector
RBI’s Subbarao says capital flows are advisable
Reserve Bank of India governor Duvvuri Subbarao distinguishes between strategic and tactical capital controls
Reserve Bank of India deputy governor retires
Shyamala Gopinath retires as deputy governor of the Reserve Bank of India; two new executive directors announced
Toxicity Index levels rising: RBI report
Reserve Bank of India June 2011 Financial Stability Report finds evidence that exposure to inter-bank distress is creeping upward
RBI wants new law to better regulate financial companies
Reserve Bank of India working group wants all large financial groups to be governed by new financial holding company structure; central bank would serve as regulator
Thai governor becomes latest to attack IMF capital controls framework
Bank of Thailand governor Prasarn Trairatvorakul’s criticisms of IMF framework on capital controls come after similar comments from Brazilian, Indian officials
Watch out for policy spillovers: Subbarao
Reserve Bank of India governor warns that process of globalisation can cause unexpected policy spillover damage
India should have monetary policy committee: Subbarao
Reserve Bank of India governor calls for full “legally-backed” autonomy for the central bank; necessary for the establishment of a monetary policy committee
Mexico buys 93 tonnes of gold
Bank of Mexico raises gold holdings by more than 93 tonnes in March; follows trend of other emerging market central banks
RBI’s Subbarao: IMF capital control proposals lack flexibility
Reserve Bank of India governor Duvvuri Subbarao says IMF proposals on capital controls leaves little room for policymakers to exercise discretion
RBI’s Chakrabarty on purpose-based lending
Reserve Bank of India deputy governor Kamalesh Chandra Chakrabarty discusses benefits of move from security-based lending to purpose-based lending in 1960s
RBI’s Gokarn on inflation growth tradeoff
Reserve Bank of India deputy governor Subir Gokarn says sustainability of growth will require controlling inflation
Renminbi revaluation effects on India: RBI paper
Reserve Bank of India study says revaluation of renminbi will impact India’s exports sector