GovernorOf RBI

Massachusetts Institute of Technology

1991 - 19951995 - 19961996 - 19971997 - 20032000 - 2001UniversityOf ChicagoStockholmSchool OfEconomics

NorthwesternUniversity

MassachusettsInstitute ofTechnology

Assistant Professor of Finance

Graduate School of BusinessProfessor of Finance

Graduate School of BusinessBertil Danielsson Visiting Professor of BankingVisiting Professor of Finance

Kellogg SchoolJoseph L. Gidwitz Professor of Finance

Graduate School of BusinessFischer Black Visiting Professor

2003 - 20062006 - 2012

InternationalMonetary Fund

UniversityOf Chicago

Economic Counsellor

and Director of ResearchEric J. Gleacher Distinguished Service Professor of Finance

Graduate School of Business

2007 - 20082008 - 20122012 - 2013High Level Committee

on FinancialSector Reforms

Prime Ministerof India (Honorary)Finance Ministry,

Government of India

ChairmanEconomic AdvisorChief Economic Advisor

“I BELIEVETHAT WE MUST

CROSS THE RIVERBY FILLING

THE STONES”-Duvvuri Subbarao

INFLATION

1310

Stability

Fluctuating REPO Rate

Supporter of usingMonetary Policy

Raised Repo Rate

Believed RBI was an Instrument to regulate Inflation rather than Governing Body

Make infor India

Five Pillars

Monetary policy frameworkReform India’s banking systemLiberalizing Indian marketsFinancial inclusionDealing with financial distress

RBI

Thank You