Subbarao reviews success and failure in RBI valedictory speech

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Outgoing governor of the Reserve Bank of India (RBI) Duvvuri Subbarao today delivered his final public lecture in office, using the occasion to look back at his time in as head of India's central bank and deliver a part-mea culpa, part-justification for the way the RBI handled and is handling the global financial crisis.

Subbarao has been in office for five eventful years, and he told his audience today: "Crisis management is a percentage game. We have to do what we think has the best chance of

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