Between Mint Road and North Block

Duvvuri Subbarao has written an introspective and candid memoir of his testing tenure at the central bank

M S Sriram  July 16, 2016 Last Updated at 00:28 IST

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When Duvvuri Subbarao took charge as governor of Reserve Bank of India (RBI), he faced two challenges: (a) the legacy of his predecessor, Dr Yaga Venugopal Reddy, as a forward-looking but conservative and non-compromising governor; and (b) the global meltdown triggered by the sub-prime crisis in the US, which had repercussions for the Indian economy. Subbarao was moving from the finance ministry into the central bank and many thought that he was chosen to toe the ministry line. The other candidate up for the position - as we know from Subbarao's book - was Rakesh Mohan, by then a ...

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Between Mint Road and North Block