RBI conscious about both growth and inflation: FM

The Reserve Bank of India is more conscious now than before that containing inflation and boosting growth are both important for the economy, and will keep that in mind while deciding the policy rate, Finance Minister P Chidambaram said on Thursday.

He said the total capital requirement for state-run banks is Rs 455 billion ($7.6 billion) in 2014/15 fiscal year, much lower than the Rs 113 billion provided for recapitalisation in the interim budget in February.

Image: P Chidambaram