Press Esc to close
Wednesday 28 June 2017
News updated at 10:46 PM IST

RBI chief Subbarao not offered job extension so far

MOSCOW, July 20, 2013, Reuters: 15:18 IST
Reserve Bank of India (RBI) Governor Duvvuri Subbarao speaks during a business conference in Ahmedabad May 30, 2013. Reuters
Reserve Bank of India (RBI) Governor Duvvuri Subbarao said on Saturday he has not yet been offered to stay on in his job after his five-year term comes to an end in September.

"No offer has been made so far, so there is no question of accepting so far. It is a hypothetical question. As I said before, I must move on," Subbarao told Reuters on the sidelines of a meeting of the world's financial leaders in Moscow.

Subbarao was appointed as the central bank chief on September 5, 2008 for three years and was later given an extension for another two years.

Speculation that he would get another extension has increased recently, as some believe that the government would prefer to make no changes until elections in May.

India is going through difficult economic times, battling a weakening currency, a record high current account deficit, lowest growth in a decade and still elevated inflation.

Go to Top

Photo Gallery
Bollywood actors Jackie Shroff, Sharbani Mukherjee and choreographer Sandip Soparrkar with yoga...

Bollywood actors Jackie Shroff, Sharbani Mukherjee and choreographer Sandip Soparrkar with yoga...

A participant shows a placard during a silent protest 'Not in My Name' against the targeted...

A participant shows a placard during a silent protest 'Not in My Name' against the targeted...

A group of Buddhist monks stand in a line during a religious ceremony at a temple in Colombo...

A group of Buddhist monks stand in a line during a religious ceremony at a temple in Colombo...

An employee works at the open joint stock company 'Borisovskiy Zavod Medicinskikh Preparatov'...

An employee works at the open joint stock company 'Borisovskiy Zavod Medicinskikh Preparatov'...

Russian President Vladimir Putin, center, toasts at a meeting with graduates of military...

Russian President Vladimir Putin, center, toasts at a meeting with graduates of military...

A duck and her little ones swim in Danube river on a hot summer day in Vienna...

A duck and her little ones swim in Danube river on a hot summer day in Vienna...

A group of journalist protest outside the National Palace for the slain journalist Salvador Adame...

A group of journalist protest outside the National Palace for the slain journalist Salvador Adame...

Noted historian and writer Ramchandra Guha along with other citizens holding placards during...

Noted historian and writer Ramchandra Guha along with other citizens holding placards during...

A barber attends a customer at the closed Burrabazar during a bandh against GST...

A barber attends a customer at the closed Burrabazar during a bandh against GST...

Bollywood actress Sridevi, in a traditional Bengali attire, speaks as former Indian cricket...

Bollywood actress Sridevi, in a traditional Bengali attire, speaks as former Indian cricket...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.