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All you wanted to know about the new RBI Governor

September 5, 2008

When Duvvuri Subbarao, governor-designate of the Reserve Bank of India, takes charge of his new office on Friday, there is a good chance that the surroundings may not appear too unfamiliar to him - he has served on the central board of the central bank since May 2006 as a non-official director, one of 15 nominees.

Apart from the slot on the board, Subbarao has interacted closely with RBI as the economic affairs secretary.

In this role, his interaction with RBI was critical at a time when the country grappled with rising inflation and the need for a fiscal and monetary policy framework to tackle this crippling tax on the poor.

Text: Siddharth Zarabi & Aditi Phadnis

Image: The then Indian secretary of economic affairs Duvvuri Subbarao delivers his address during the second business session of the Asian Development Bank's 40th annual board of governors meeting in Kyoto, May 7, 2007 | Photograph: Toshifumi Kitamura/AFP/Getty Images

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