Speeches - আৰবিআই - Reserve Bank of India
Speeches & Media Interactions
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor October 09, 2024
Speeches
ডিচে 09, 2010
Monetary Policy Considerations after the Crisis: Practitioners’ Perspectives
Introduction I would like to thank the Ministry of Finance and the National Institute of Public Finance and Policy for inviting me to speak at this International Conference on Economic Policies for Inclusive Development. We tend to associate the process of inclusive growth and development with structural factors and the roles that they play in accelerating growth, enhancing labour productivity, creating human capital, providing access to safety nets and essential publ
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Introduction I would like to thank the Ministry of Finance and the National Institute of Public Finance and Policy for inviting me to speak at this International Conference on Economic Policies for Inclusive Development. We tend to associate the process of inclusive growth and development with structural factors and the roles that they play in accelerating growth, enhancing labour productivity, creating human capital, providing access to safety nets and essential publ
ডিচে 08, 2010
Mint Road Milestones - Remarks of Dr. Duvvuri Subbarao, Governor at the Inauguration of NEWSIBITION at Kolkata
1. I am delighted to inaugurate this Newsibition of the Reserve Bank in this City of Joy. 2. Last year, the Reserve Bank celebrated our Platinum Jubilee. As part of the celebrations, we documented the 75 years of the Reserve Bank's history in the form of a book - Mint Road Milestones. Milestones is rich treasure trove of archival material including, photographs, news clippings, documents along with a commentary which weaves them all together in an interesting narrativ
Dr. D. Subbarao, Governor, Reserve Bank of India
1. I am delighted to inaugurate this Newsibition of the Reserve Bank in this City of Joy. 2. Last year, the Reserve Bank celebrated our Platinum Jubilee. As part of the celebrations, we documented the 75 years of the Reserve Bank's history in the form of a book - Mint Road Milestones. Milestones is rich treasure trove of archival material including, photographs, news clippings, documents along with a commentary which weaves them all together in an interesting narrativ
ডিচে 03, 2010
Five Frontier Issues in Indian Banking
First of all, many thanks to the organizers of BANCON 2010 for inviting me to inaugurate this conference. I understand this is a premier banking conference on the annual calendar where the top managements of banks and their economists brainstorm on current issues. The theme for this year’s conference ‘Ideate, Innovate and Inspire’ is thoughtful, imaginative, and most importantly, inspirational. 2. In the aftermath of the crisis, banks, banking and bankers are very muc
Dr. D. Subbarao, Governor, Reserve Bank of India
First of all, many thanks to the organizers of BANCON 2010 for inviting me to inaugurate this conference. I understand this is a premier banking conference on the annual calendar where the top managements of banks and their economists brainstorm on current issues. The theme for this year’s conference ‘Ideate, Innovate and Inspire’ is thoughtful, imaginative, and most importantly, inspirational. 2. In the aftermath of the crisis, banks, banking and bankers are very muc
নৱে 29, 2010
Inclusive Growth – Role of Financial Sector
Prof Ashok Kolaskar, Vice Chancellor, KIIT University, Dr Achyuta Samanta, Founder, KIIT University & KISS, Dr Karmarkar, MD, NABARD, distinguished guests, ladies and gentlemen. It is a pleasure and privilege to be here at the National Finance Conclave – 2010 being organized by School of Management, KIIT University, Bhubaneswar. KIIT University under the leadership of Dr Samanta is a living example to the society of the way of practicing social inclusion through s
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Prof Ashok Kolaskar, Vice Chancellor, KIIT University, Dr Achyuta Samanta, Founder, KIIT University & KISS, Dr Karmarkar, MD, NABARD, distinguished guests, ladies and gentlemen. It is a pleasure and privilege to be here at the National Finance Conclave – 2010 being organized by School of Management, KIIT University, Bhubaneswar. KIIT University under the leadership of Dr Samanta is a living example to the society of the way of practicing social inclusion through s
নৱে 23, 2010
Remarks by Smt Shyamala Gopinath, DG, RBI at the inauguration of Inter-Bank Mobile Payment Service of the National Payment Corporation of India at Mumbai on November 22, 2010
1. Mr Hota, Mr Balachandran, my colleague Mr Padmanabhan, other executives of NPCI, fellow bankers, other dignitaries and my media friends present here. I am honoured to be here and I thank the NPCI for inviting me to inaugurate the Interbank Mobile Payment Services (IMPS), which has the potential to change the retail payment landscape in India provided all the stakeholders get it right. 2. The success of mobile penetration in India is now widely recognized. This huge
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
1. Mr Hota, Mr Balachandran, my colleague Mr Padmanabhan, other executives of NPCI, fellow bankers, other dignitaries and my media friends present here. I am honoured to be here and I thank the NPCI for inviting me to inaugurate the Interbank Mobile Payment Services (IMPS), which has the potential to change the retail payment landscape in India provided all the stakeholders get it right. 2. The success of mobile penetration in India is now widely recognized. This huge
নৱে 15, 2010
Developing the Humanware to Improve Customer Service
Mrs Udeshi, Chairperson, Banking Codes and Standards Board of India (BCSBI), Shri O. P. Bhatt, President, Indian Institute of Banking and Finance (IIBF) and Chairman, IBA, Shri B. M. Mittal, CEO, BCSBI, Shri Bhaskaran, CEO, IIBF, distinguished guests, ladies and gentlemen. It gives me great pleasure to be here to launch the Certificate Course on "Customer Service and Banking Codes and Standards" that has been designed by IIBF in association with BCSBI. IIBF has played
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mrs Udeshi, Chairperson, Banking Codes and Standards Board of India (BCSBI), Shri O. P. Bhatt, President, Indian Institute of Banking and Finance (IIBF) and Chairman, IBA, Shri B. M. Mittal, CEO, BCSBI, Shri Bhaskaran, CEO, IIBF, distinguished guests, ladies and gentlemen. It gives me great pleasure to be here to launch the Certificate Course on "Customer Service and Banking Codes and Standards" that has been designed by IIBF in association with BCSBI. IIBF has played
নৱে 01, 2010
G-20 After the Crisis: An Indian Perspective
Introduction I would like to thank the organizers of this event for inviting me to deliver this keynote address. While the title of the session is "What India expects from the G-20", I think it would be extremely presumptuous of me to speak on behalf of the country as a whole. I have, of course, been involved with the G-20 process as the Central Bank deputy and, in that capacity have had the opportunity to contribute to the shaping of the Indian position on various is
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Introduction I would like to thank the organizers of this event for inviting me to deliver this keynote address. While the title of the session is "What India expects from the G-20", I think it would be extremely presumptuous of me to speak on behalf of the country as a whole. I have, of course, been involved with the G-20 process as the Central Bank deputy and, in that capacity have had the opportunity to contribute to the shaping of the Indian position on various is
অক্টো 27, 2010
Frontier Issues on the Global Agenda Need for Global Cooperation
First of all, my thanks to the organizers of this conference - ICRIER, the German Development Institute (DIE) and InWent - for inviting me to inaugurate this conference on: “Policies for Growth and Financial Stability Beyond the Crisis - the Scope for Global Cooperation”. Having just returned from a meeting of G-20 Finance Ministers and Central Bank Governors in Korea over this weekend, I am deeply sensitive to the value of generating a wider debate on issues that the
Dr. D. Subbarao, Governor, Reserve Bank of India
First of all, my thanks to the organizers of this conference - ICRIER, the German Development Institute (DIE) and InWent - for inviting me to inaugurate this conference on: “Policies for Growth and Financial Stability Beyond the Crisis - the Scope for Global Cooperation”. Having just returned from a meeting of G-20 Finance Ministers and Central Bank Governors in Korea over this weekend, I am deeply sensitive to the value of generating a wider debate on issues that the
অক্টো 26, 2010
Presentation by Dr. Subir Gokarn, DG, RBI - The Price of Protein - at IGIDR, Mumbai
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
অক্টো 26, 2010
The Price of Protein
Introduction It is a great pleasure for me to be speaking at this seminar to celebrate the 75th birthday of Prof. Kirit Parikh. During the time that I spent at IGIDR under his leadership, I had the opportunity to work on a number of issues, on all of which I received enormous support and encouragement from him, which has continued even after first I and then he moved on to other institutions. My years at IGIDR provided me firm foundations in individual and collective
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Introduction It is a great pleasure for me to be speaking at this seminar to celebrate the 75th birthday of Prof. Kirit Parikh. During the time that I spent at IGIDR under his leadership, I had the opportunity to work on a number of issues, on all of which I received enormous support and encouragement from him, which has continued even after first I and then he moved on to other institutions. My years at IGIDR provided me firm foundations in individual and collective
অক্টো 10, 2010
Emerging Market Economies Leading Global Growth
The three issues laid out in today’s agenda are particularly relevant at this juncture and how we answer them in the months ahead will determine how the world regains and then sustains economic growth and financial stability. Let me begin with the first issue : How can emerging market economies (EMEs) best contribute towards securing global economic prosperity? The most important way in which EMEs can contribute to global economic prosperity is by doing more of what t
Dr. D. Subbarao, Governor, Reserve Bank of India
The three issues laid out in today’s agenda are particularly relevant at this juncture and how we answer them in the months ahead will determine how the world regains and then sustains economic growth and financial stability. Let me begin with the first issue : How can emerging market economies (EMEs) best contribute towards securing global economic prosperity? The most important way in which EMEs can contribute to global economic prosperity is by doing more of what t
অক্টো 05, 2010
Presentation by Dr. Subir Gokarn, DG, RBI - Managing the Growth-Inflation Balance in India : Current Considerations and Long-term Perspectives, Mumbai
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
অক্টো 05, 2010
Managing the Growth-Inflation Balance in India : Current Considerations and Long-term Perspectives
Introduction I would like to thank the Private Equity International India Forum for inviting me to deliver this Keynote Address. I believe that channels of finance like venture capital will play an increasingly significant role in India. Sustaining the current growth momentum over a long period of time will clearly depend heavily on the ability of new business ideas to first, find start-up funding and then, grow to scales at which traditional funding sources can be ac
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Introduction I would like to thank the Private Equity International India Forum for inviting me to deliver this Keynote Address. I believe that channels of finance like venture capital will play an increasingly significant role in India. Sustaining the current growth momentum over a long period of time will clearly depend heavily on the ability of new business ideas to first, find start-up funding and then, grow to scales at which traditional funding sources can be ac
অক্টো 01, 2010
Perspectives on Inflation in India
I thank the Bankers Club, Chennai and Shri T.M.Bhasin, Chairman & Managing Director, Indian Bank for providing me this opportunity to speak before you. As you know, the Reserve Bank released its first Mid-Quarter Review of Monetary Policy for 2010-11 on September 16, 2010 raising policy interest rates for the fifth time since March 2010. The Reserve Bank is concerned over the unacceptably high inflation rate. In the meanwhile, the Government has also released the
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank the Bankers Club, Chennai and Shri T.M.Bhasin, Chairman & Managing Director, Indian Bank for providing me this opportunity to speak before you. As you know, the Reserve Bank released its first Mid-Quarter Review of Monetary Policy for 2010-11 on September 16, 2010 raising policy interest rates for the fifth time since March 2010. The Reserve Bank is concerned over the unacceptably high inflation rate. In the meanwhile, the Government has also released the
ছেপ্তে 20, 2010
Perspectives on Financial Sector Strategy
I welcome this initiative by the Asia-Europe Business Forum to organize a discussion on opportunities and challenges for financial services in our respective regions. Virtually all significant debate that is taking place today on financial sector regulation and development, whether in advanced or emerging economies, is placed in the context of the crisis and the role that the financial sector played in it. However, there is a significant asymmetry in that debate, as i
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
I welcome this initiative by the Asia-Europe Business Forum to organize a discussion on opportunities and challenges for financial services in our respective regions. Virtually all significant debate that is taking place today on financial sector regulation and development, whether in advanced or emerging economies, is placed in the context of the crisis and the role that the financial sector played in it. However, there is a significant asymmetry in that debate, as i
ছেপ্তে 20, 2010
Dilemmas in Central Banking - Foundation Day Lecture delivered by Dr. D. Subbarao, Governor, RBI, at University of Hyderabad on September 20, 2010
Dr. D. Subbarao, Governor, Reserve Bank of India
ছেপ্তে 15, 2010
Macro-prudential Approach to Regulation - Scope and Issues- Shyamala Gopinath, DG, RBI
1. Explicit pursuit of macroeconomic and financial stability can be said to be the single most significant take away from the recent crisis. More than the specifics, the importance of this mandate lies in decisively effecting a course correction with regard to the approach and philosophy for regulation of the financial system. It is being acknowledged that a macro prudential perspective is critical in designing and pursuing micro prudential regulation of institutions
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
1. Explicit pursuit of macroeconomic and financial stability can be said to be the single most significant take away from the recent crisis. More than the specifics, the importance of this mandate lies in decisively effecting a course correction with regard to the approach and philosophy for regulation of the financial system. It is being acknowledged that a macro prudential perspective is critical in designing and pursuing micro prudential regulation of institutions
ছেপ্তে 09, 2010
Banking Transactions in the Next Decade: Faster, Cheaper and Easier
Distinguished guests, ladies and gentlemen. It is a pleasure and privilege to be here today at this ninth Annual Conference on “Global Banking: Paradigm shift” jointly organised by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA). The theme of this year’s Conference is “Banking 2020: Making the Decade’s Promise Come True”. Let me begin by asking to whom are we making this promise. We are making this promise to the cust
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Distinguished guests, ladies and gentlemen. It is a pleasure and privilege to be here today at this ninth Annual Conference on “Global Banking: Paradigm shift” jointly organised by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA). The theme of this year’s Conference is “Banking 2020: Making the Decade’s Promise Come True”. Let me begin by asking to whom are we making this promise. We are making this promise to the cust
ছেপ্তে 09, 2010
Preparing Indian Banks for Global Competitiveness : Strategic and Policy Perspectives
Introduction It would be no exaggeration to say that the financial world is a vastly different place after the crisis. Many propositions that might have been taken for granted until it precipitated are being questioned in its wake. One set of these surely has to be about the things that go into making banks globally competitive. The increasing visibility and dominance of multinational financial corporations in the years before the crisis contributed to the perception
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Introduction It would be no exaggeration to say that the financial world is a vastly different place after the crisis. Many propositions that might have been taken for granted until it precipitated are being questioned in its wake. One set of these surely has to be about the things that go into making banks globally competitive. The increasing visibility and dominance of multinational financial corporations in the years before the crisis contributed to the perception
ছেপ্তে 08, 2010
Key Note Address at the Panel Session on “Setting new paradigm in regulation”
The global financial crisis was predominantly a first world phenomenon. The fall out in the emerging market economies (EMEs) was mostly through contagion. The level of financial sector development, complexity of financial markets, extent of deregulation and global integration, the degree of leverage of households and financial intermediaries, the nature of business model and quality of supervision determined the impact of the crisis on any institution or jurisdiction.
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
The global financial crisis was predominantly a first world phenomenon. The fall out in the emerging market economies (EMEs) was mostly through contagion. The level of financial sector development, complexity of financial markets, extent of deregulation and global integration, the degree of leverage of households and financial intermediaries, the nature of business model and quality of supervision determined the impact of the crisis on any institution or jurisdiction.
ছেপ্তে 07, 2010
Post-Crisis Reforms to Banking Regulation and Supervision – Think Global, Act Local
Thank you very much for inviting me to inaugurate this FICCI-IBA Conference on “Global Banking: Paradigm Shift”. This Conference is a flagship event in the annual banking calendar, and I attach a lot of value to this opportunity of speaking to and interacting with the banking community. 2. When I spoke at this forum last year, I had touched on some of the early lessons of the global crisis and how they were shaping the debate on reforms to banking regulation and super
Dr. D. Subbarao, Governor, Reserve Bank of India
Thank you very much for inviting me to inaugurate this FICCI-IBA Conference on “Global Banking: Paradigm Shift”. This Conference is a flagship event in the annual banking calendar, and I attach a lot of value to this opportunity of speaking to and interacting with the banking community. 2. When I spoke at this forum last year, I had touched on some of the early lessons of the global crisis and how they were shaping the debate on reforms to banking regulation and super
ছেপ্তে 03, 2010
Technology in Banking : An Instrument for Economic Growth
Mr Bodhisatva Ganguly, Resident Editor, Economic Times, distinguished guests, ladies and gentlemen. At the very outset, I want to say that it is a pleasure and a privilege to be amidst this august gathering and to be a part of the Banking Technology Conclave 2010. I congratulate the Economic Times for organizing this Technology Conclave, the fourth in the series, on the theme “Leveraging technology for fuelling growth and development”. The contribution of technology t
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr Bodhisatva Ganguly, Resident Editor, Economic Times, distinguished guests, ladies and gentlemen. At the very outset, I want to say that it is a pleasure and a privilege to be amidst this august gathering and to be a part of the Banking Technology Conclave 2010. I congratulate the Economic Times for organizing this Technology Conclave, the fourth in the series, on the theme “Leveraging technology for fuelling growth and development”. The contribution of technology t
আগ 27, 2010
Economic Crisis and Crisis in Economics Some Reflections
M. Ct. M. Chidambaram Thank you for this kind invitation. It is a pleasure and privilege to deliver the M. Ct. M. Chidambaram Chettyar Memorial Lecture honouring one of the most eminent entrepreneurs and financiers of the early twentieth century. 2. The Chettyar community of Tamil Nadu has made impressive contributions to our national life. The stereotype view is that the Chettyar community is conservative. But Shri M. Ct. M. Chidambaram broke that stereotype. His is
Dr. D. Subbarao, Governor, Reserve Bank of India
M. Ct. M. Chidambaram Thank you for this kind invitation. It is a pleasure and privilege to deliver the M. Ct. M. Chidambaram Chettyar Memorial Lecture honouring one of the most eminent entrepreneurs and financiers of the early twentieth century. 2. The Chettyar community of Tamil Nadu has made impressive contributions to our national life. The stereotype view is that the Chettyar community is conservative. But Shri M. Ct. M. Chidambaram broke that stereotype. His is
আগ 12, 2010
Managing Inflation in the Post-Crisis Environment
The Indian economy weathered the global crisis of 2008-09 quite well. Even as much of the developed world is still quite some distance from its pre-crisis growth rate, several emerging market economies (EMEs) have made up the lost ground relatively quickly. As indicated in Chart 1, India saw its growth rate decline from 9.2 per cent in 2007-08 to a trough of 6.7 per cent in 2008-09. There was a modest recovery in 2009-10 to 7.4 per cent, with the second half of the ye
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
The Indian economy weathered the global crisis of 2008-09 quite well. Even as much of the developed world is still quite some distance from its pre-crisis growth rate, several emerging market economies (EMEs) have made up the lost ground relatively quickly. As indicated in Chart 1, India saw its growth rate decline from 9.2 per cent in 2007-08 to a trough of 6.7 per cent in 2008-09. There was a modest recovery in 2009-10 to 7.4 per cent, with the second half of the ye
আগ 10, 2010
Securitisation Markets in India – A Post-Crisis Perspective
1. It is my pleasure to be delivering the inaugural address at this Securitisation Summit. I am thankful to the NSIM, particularly Mr. Sethu whose persistent efforts brought me here today. The development of a robust securitisation market in India, along with a broader corporate bond market, though universally acknowledged as a desired objective is proving a challenge in reality. In my address today I wish to touch upon some of the issues engaging the policy deliberat
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
1. It is my pleasure to be delivering the inaugural address at this Securitisation Summit. I am thankful to the NSIM, particularly Mr. Sethu whose persistent efforts brought me here today. The development of a robust securitisation market in India, along with a broader corporate bond market, though universally acknowledged as a desired objective is proving a challenge in reality. In my address today I wish to touch upon some of the issues engaging the policy deliberat
আগ 05, 2010
Financial Crisis - Some Old Questions and Maybe Some New Answers
It would be a privilege for anyone to deliver this lecture to honour the memory of Sir Chintaman D. Deshmukh. The privilege is particularly special for a serving Governor of the Reserve Bank of India. Everyday, as I go to work, I bask in the glory of serving a public institution that is held in such high esteem. 2. I am deeply conscious that this high esteem owes a lot to the competence and professionalism of the Reserve Bank’s staff, its institutional values and cult
Dr. D. Subbarao, Governor, Reserve Bank of India
It would be a privilege for anyone to deliver this lecture to honour the memory of Sir Chintaman D. Deshmukh. The privilege is particularly special for a serving Governor of the Reserve Bank of India. Everyday, as I go to work, I bask in the glory of serving a public institution that is held in such high esteem. 2. I am deeply conscious that this high esteem owes a lot to the competence and professionalism of the Reserve Bank’s staff, its institutional values and cult
জুলাই 28, 2010
Over-the-counter derivative markets in India issues and perspectives - Article by Smt Shyamala Gopinath, Deputy Governor, RBI, Published in July 2010 Issue of Financial Stability Review, Banque de France.
The present article tries to put in perspective the boundary conditions, imposed by the macroeconomic constraints, which have guided the evolution of over-the-counter (OTC) markets in India and underlines the point that the process of transiting from a predominantly OTC based model to an exchange-traded model needs to follow a calibrated path. Through this transition period, the overall regulatory approach towards OTC derivative markets is as important as addressing t
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
The present article tries to put in perspective the boundary conditions, imposed by the macroeconomic constraints, which have guided the evolution of over-the-counter (OTC) markets in India and underlines the point that the process of transiting from a predominantly OTC based model to an exchange-traded model needs to follow a calibrated path. Through this transition period, the overall regulatory approach towards OTC derivative markets is as important as addressing t
জুলাই 02, 2010
Central Banks must distill Lessons from the Global Crisis and make Concrete Reforms
Central banks have been at the heart of the global financial crisis. They have been blamed for policies and actions that got the world into the crisis; they have been praised for leading the world out of it. Both are fair assessments. Central banks have been a part of the problem and a part of the solution. As the crisis unwinds and recovery takes hold, central banks face a number of issues, of which I will address five. To view the entire Interview please click here.
Dr. D. Subbarao, Governor, Reserve Bank of India
Central banks have been at the heart of the global financial crisis. They have been blamed for policies and actions that got the world into the crisis; they have been praised for leading the world out of it. Both are fair assessments. Central banks have been a part of the problem and a part of the solution. As the crisis unwinds and recovery takes hold, central banks face a number of issues, of which I will address five. To view the entire Interview please click here.
জুলাই 02, 2010
Banking Technology Beyond CBS- Issues and Way Forward
Mr Sambamurthy, Director IDRBT, Shri J P Dua, CMD, Allahabad Bank, Mr Bhaskar Sen, CMD , United Bank of India, and other distinguished guests, ladies and gentlemen. I am indeed very happy to be in your midst today for the IT Conclave being organised by IDRBT and share my thoughts with you on banking technology beyond Core Banking Solution (CBS). 2. Let me begin by asking, what is the purpose of technology? All of us would agree that technology has no longer remained j
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr Sambamurthy, Director IDRBT, Shri J P Dua, CMD, Allahabad Bank, Mr Bhaskar Sen, CMD , United Bank of India, and other distinguished guests, ladies and gentlemen. I am indeed very happy to be in your midst today for the IT Conclave being organised by IDRBT and share my thoughts with you on banking technology beyond Core Banking Solution (CBS). 2. Let me begin by asking, what is the purpose of technology? All of us would agree that technology has no longer remained j
জুন 18, 2010
Financial Deepening by putting Financial Inclusion Campaign into Mission Mode
Dr C Rangarajan, Hon’ble Chairman, Economic Advisory Council to the Prime Minister, Mr Hari Sankaran, Managing Director and CEO, IL& FS, Shri S. S. Tarapore, Distinguished Fellow, Skoch Development Foundation, Shri J Sriram, CEO- Mobile Commerce Venture, Bharti Airtel Ltd, and of course the main organiser of this function Mr Sameer Kochhar, distinguished guests, ladies and gentlemen. I have come here to say a few words about financial inclusion which is closely re
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr C Rangarajan, Hon’ble Chairman, Economic Advisory Council to the Prime Minister, Mr Hari Sankaran, Managing Director and CEO, IL& FS, Shri S. S. Tarapore, Distinguished Fellow, Skoch Development Foundation, Shri J Sriram, CEO- Mobile Commerce Venture, Bharti Airtel Ltd, and of course the main organiser of this function Mr Sameer Kochhar, distinguished guests, ladies and gentlemen. I have come here to say a few words about financial inclusion which is closely re
জুন 18, 2010
Harnessing Technology to Bank the Unbanked
It is always a delight to be here in this wonderful city of Hyderabad. The location of IDRBT in Hyderabad is not an accident; it is a reflection of the growing reputation of Hyderabad as a premiere location for IT industry. Hailing as I do from this state, I know that we came from behind; twenty five years ago, there were several other cities ahead of Hyderabad on the technology scene; today, we are among the front runners. This remarkable reinvention of Hyderabad as
Dr. D. Subbarao, Governor, Reserve Bank of India
It is always a delight to be here in this wonderful city of Hyderabad. The location of IDRBT in Hyderabad is not an accident; it is a reflection of the growing reputation of Hyderabad as a premiere location for IT industry. Hailing as I do from this state, I know that we came from behind; twenty five years ago, there were several other cities ahead of Hyderabad on the technology scene; today, we are among the front runners. This remarkable reinvention of Hyderabad as
জুন 14, 2010
Perspectives on Lending Rates in India
Shri Dua, Shri Sen and friends. I thank the Bankers’ Club, Kolkata and Shri J.P. Dua, Chairman, Allahabad Bank for providing me the opportunity to speak to you this evening. As you know, banks will be switching over to a ‘base rate’ system of loan pricing from 1st July 2010. Besides the announcement of base rate, what is of greater significance is that it brings to fruition complete deregulation of rupee lending rates of banks, a process that began two decades ago. Th
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
Shri Dua, Shri Sen and friends. I thank the Bankers’ Club, Kolkata and Shri J.P. Dua, Chairman, Allahabad Bank for providing me the opportunity to speak to you this evening. As you know, banks will be switching over to a ‘base rate’ system of loan pricing from 1st July 2010. Besides the announcement of base rate, what is of greater significance is that it brings to fruition complete deregulation of rupee lending rates of banks, a process that began two decades ago. Th
জুন 07, 2010
Financial Regulation and Financial Inclusion – Working Together or at Cross-purposes
The case for financial inclusion is not based on the principle of equity alone – access to affordable banking services is required for inclusive growth with stability. Achieving financial inclusion in a country like India with a large and diverse population with significant segments in rural and unorganised sectors requires a high level of penetration by the formal financial system. Even in areas that are well covered by banks, there are sections of society excluded f
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
The case for financial inclusion is not based on the principle of equity alone – access to affordable banking services is required for inclusive growth with stability. Achieving financial inclusion in a country like India with a large and diverse population with significant segments in rural and unorganised sectors requires a high level of penetration by the formal financial system. Even in areas that are well covered by banks, there are sections of society excluded f
জুন 01, 2010
RBI Archives - Way Forward
Photograph I am delighted to be here today for the inauguration of the RBI Archives Museum. You will all recall that we have just concluded the Platinum Jubilee celebrations of the Reserve Bank. The events and initiatives that we had taken up as part of the celebrations centred around introspection on the evolution of the Reserve Bank, reflection on its current and future challenges, and on how the Reserve Bank can fulfill its objectives even better so that it continu
Dr. D. Subbarao, Governor, Reserve Bank of India
Photograph I am delighted to be here today for the inauguration of the RBI Archives Museum. You will all recall that we have just concluded the Platinum Jubilee celebrations of the Reserve Bank. The events and initiatives that we had taken up as part of the celebrations centred around introspection on the evolution of the Reserve Bank, reflection on its current and future challenges, and on how the Reserve Bank can fulfill its objectives even better so that it continu
মে’ 21, 2010
Bank Credit to MSMEs: Present Status and Way Forward
Dr P M Mathew, Director, ISED, Dr K N Kabra, Chairman, ISED, Shri T O Sooraj, Director, Industries and Commerce, Government of Kerala, Dr Yerram Raju, senior fellow, ISED, senior bankers, MSME entrepreneurs, other distinguished guests, ladies and gentlemen. I am indeed very happy to be in your midst today for the release of the 13th issue of the India, Micro Small and Medium Enterprises Report Series of your Institute. The MSMEs, given their limitations and constraint
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr P M Mathew, Director, ISED, Dr K N Kabra, Chairman, ISED, Shri T O Sooraj, Director, Industries and Commerce, Government of Kerala, Dr Yerram Raju, senior fellow, ISED, senior bankers, MSME entrepreneurs, other distinguished guests, ladies and gentlemen. I am indeed very happy to be in your midst today for the release of the 13th issue of the India, Micro Small and Medium Enterprises Report Series of your Institute. The MSMEs, given their limitations and constraint
মে’ 12, 2010
Volatility in Capital Flows: Some Perspectives
As the crisis is ebbing, capital inflows into emerging market economies (EMEs) have resumed - a consequence of a global system awash with liquidity, the assurance of low interest rates ruling in advanced economies over ‘an extended period’ and the prospects of robust growth in EMEs. According to the IMF, net private financial flows to emerging and developing economies increased from US$ 254 billion in 2006 to US$ 689 billion in 2007 and then declined, at the height of
Dr. D. Subbarao, Governor, Reserve Bank of India
As the crisis is ebbing, capital inflows into emerging market economies (EMEs) have resumed - a consequence of a global system awash with liquidity, the assurance of low interest rates ruling in advanced economies over ‘an extended period’ and the prospects of robust growth in EMEs. According to the IMF, net private financial flows to emerging and developing economies increased from US$ 254 billion in 2006 to US$ 689 billion in 2007 and then declined, at the height of
এপ্ৰিল 30, 2010
Key note Address by Dr K.C.Chakrabarty, Deputy Governor, at the Review Meet on Implementation of Revival Package for Short Term Rural Cooperative Credit Structure organised by National Federation of State Cooperative Banks (NAFSCOB) at New Delhi -
Shri P. K. Basu, Union Agriculture and Cooperation Secretary, Dr. Chandrapal Singh Yadav, President, NCUI & Chairman, KRIBHCO, Dr Bijender Singh, Chairman, NAFSCOB, Shri B. Subrahmanyam, MD, NAFSCOB, Smt Roshan R. Warjri, Vice-Chairperson, NAFSCOB, distinguished speakers and panelists, distinguished guests, ladies and gentlemen. Introduction 1. At the outset, I congratulate the National Federation of State Co-operative Banks for organizing this review meet o
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri P. K. Basu, Union Agriculture and Cooperation Secretary, Dr. Chandrapal Singh Yadav, President, NCUI & Chairman, KRIBHCO, Dr Bijender Singh, Chairman, NAFSCOB, Shri B. Subrahmanyam, MD, NAFSCOB, Smt Roshan R. Warjri, Vice-Chairperson, NAFSCOB, distinguished speakers and panelists, distinguished guests, ladies and gentlemen. Introduction 1. At the outset, I congratulate the National Federation of State Co-operative Banks for organizing this review meet o
এপ্ৰিল 27, 2010
India and the Global Financial Crisis Transcending from Recovery to Growth
India clocked average growth of 9 per cent per annum in the five years to 2007/08. That growth momentum was interrupted by the financial crisis which impacted India too, more than we had originally thought but less than it did most other countries. Despite falling below 6 per cent for one quarter, the growth for the full year 2008/09 was a resilient 6.7 per cent. Current estimates are that the economy had grown between 7.2 and 7.5 per cent for the just ended fiscal ye
Dr. D. Subbarao, Governor, Reserve Bank of India
India clocked average growth of 9 per cent per annum in the five years to 2007/08. That growth momentum was interrupted by the financial crisis which impacted India too, more than we had originally thought but less than it did most other countries. Despite falling below 6 per cent for one quarter, the growth for the full year 2008/09 was a resilient 6.7 per cent. Current estimates are that the economy had grown between 7.2 and 7.5 per cent for the just ended fiscal ye
এপ্ৰিল 26, 2010
New Paradigms in IT Security in Indian Banks
Shri M. V. Nair, Chairman, IBA and CMD, Union Bank of India, Shri B. Sambamurthy, Director, IDRBT, Shri Shyamal Ghosh, Chairman, DSCI, Dr. K. Ramakrishnan, CEO, IBA, distinguished speakers and panelists, IT and IT Security professionals, distinguished guests, ladies and gentlemen. 2. Information is at the heart of today’s business, and the all-pervasive impact of Information Technology in harnessing, collating and processing huge volumes of information is definitive.
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri M. V. Nair, Chairman, IBA and CMD, Union Bank of India, Shri B. Sambamurthy, Director, IDRBT, Shri Shyamal Ghosh, Chairman, DSCI, Dr. K. Ramakrishnan, CEO, IBA, distinguished speakers and panelists, IT and IT Security professionals, distinguished guests, ladies and gentlemen. 2. Information is at the heart of today’s business, and the all-pervasive impact of Information Technology in harnessing, collating and processing huge volumes of information is definitive.
এপ্ৰিল 25, 2010
Statement by Mr. Duvvuri Subbarao, Governor, Reserve Bank of India at IMFC
Statement by Mr. Duvvuri Subbarao, Governor, Reserve Bank of India at IMFC Leader of the Indian Delegation to the International Monetary and Financial Committee Washington D.C, April 24, 2010 Mr. Chairman: Confounding our worst fears, the turn around in the global economy has been much faster than we had anticipated as recently as only a few months ago when we met in Istanbul. The global economy has experienced three quarters of positive growth following the sharp dec
Dr. D. Subbarao, Governor, Reserve Bank of India
Statement by Mr. Duvvuri Subbarao, Governor, Reserve Bank of India at IMFC Leader of the Indian Delegation to the International Monetary and Financial Committee Washington D.C, April 24, 2010 Mr. Chairman: Confounding our worst fears, the turn around in the global economy has been much faster than we had anticipated as recently as only a few months ago when we met in Istanbul. The global economy has experienced three quarters of positive growth following the sharp dec
এপ্ৰিল 15, 2010
The Economics of Ecosystems and Biodiversity (TEEB) Workshop
Ladies and Gentleman, Herman Daly, a leading ecological economist, who received the 1996 Right Livelihood Award for ‘defining a path of ecological economics that integrates the key elements of ethics, quality of life, environment and community’, said: “There is something fundamentally wrong with treating the earth as if it were a business in liquidation." 2. I am extremely happy to inaugurate this workshop on The Economics of Ecosystems and Biodiversity (TEEB) organis
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
Ladies and Gentleman, Herman Daly, a leading ecological economist, who received the 1996 Right Livelihood Award for ‘defining a path of ecological economics that integrates the key elements of ethics, quality of life, environment and community’, said: “There is something fundamentally wrong with treating the earth as if it were a business in liquidation." 2. I am extremely happy to inaugurate this workshop on The Economics of Ecosystems and Biodiversity (TEEB) organis
এপ্ৰিল 06, 2010
V K Sharma: Launch of the Financial Literacy Project in Karnataka
1. On this momentous occasion of the launching of the project on Financial Literacy in Karnataka, it is my honour and privilege to extend a very warm and hearty welcome to Respected Dr Subbarao, Governor, Reserve Bank of India. I also extend a hearty welcome to Shri S. V. Ranganath, Chief Secretary, Govt. of Karnataka, Smt. Shyamala Gopinath, Smt. Usha Thorat, Dr. K. C. Chakrabarty and Dr. Subir Gokarn, Deputy Governors, RBI, Principal Secretaries of the Govt. of Karn
Shri V.K. Sharma, Executive Director, Reserve Bank of India
1. On this momentous occasion of the launching of the project on Financial Literacy in Karnataka, it is my honour and privilege to extend a very warm and hearty welcome to Respected Dr Subbarao, Governor, Reserve Bank of India. I also extend a hearty welcome to Shri S. V. Ranganath, Chief Secretary, Govt. of Karnataka, Smt. Shyamala Gopinath, Smt. Usha Thorat, Dr. K. C. Chakrabarty and Dr. Subir Gokarn, Deputy Governors, RBI, Principal Secretaries of the Govt. of Karn
এপ্ৰিল 02, 2010
Silver Jubilee function of Institute of Banking Personnel Selection (IBPS)
Shri M. Balachandran, Director, IBPS, Shri Alok K. Mishra, CMD, Bank of India, Shri D. P. Sharda and Shri R. K. Chaudhury, ex-Directors , IBPS, Executive Directors of banks, distinguished guests, ladies and gentlemen; I am indeed very happy to be in your midst today for the Silver Jubilee function of IBPS. April 1 has special significance for both RBI and IBPS. It is the day RBI was established 75 years ago and it is also the foundation day for IBPS. Yesterday, we cel
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri M. Balachandran, Director, IBPS, Shri Alok K. Mishra, CMD, Bank of India, Shri D. P. Sharda and Shri R. K. Chaudhury, ex-Directors , IBPS, Executive Directors of banks, distinguished guests, ladies and gentlemen; I am indeed very happy to be in your midst today for the Silver Jubilee function of IBPS. April 1 has special significance for both RBI and IBPS. It is the day RBI was established 75 years ago and it is also the foundation day for IBPS. Yesterday, we cel
এপ্ৰিল 01, 2010
Platinum Jubilee Celebrations of the Reserve Bank of India
Hon’ble Prime Minister Governor, Maharashtra Chief Minister, Maharashtra Governor, Reserve Bank of India Officials of Reserve Bank of India Distinguished guests Ladies and Gentlemen I am happy to be present here today and join in celebrating the 75th anniversary of one of India’s most renowned and respectable institutions. The Reserve Bank of India today enjoys an enviable position and is well respected in the comity of Central Banks across the globe. The credit for t
Shri Pranab Mukherjee, Hon’ble Finance Minister
Hon’ble Prime Minister Governor, Maharashtra Chief Minister, Maharashtra Governor, Reserve Bank of India Officials of Reserve Bank of India Distinguished guests Ladies and Gentlemen I am happy to be present here today and join in celebrating the 75th anniversary of one of India’s most renowned and respectable institutions. The Reserve Bank of India today enjoys an enviable position and is well respected in the comity of Central Banks across the globe. The credit for t
এপ্ৰিল 01, 2010
People, Jobs and Productivity: The 'Simple' Dynamics of Inclusive Growth
Introduction Let me begin by thanking the Confederation of Indian Industry (CII) for inviting me to speak at its Annual Regional Meeting and National Conference on “Achieving Double-digit Growth”. The theme of the conference is, unquestionably, an issue of the utmost urgency for Indian policymakers. Although, in my current role, I am more focused on issues of macroeconomic stability and short-term growth and inflation prospects, today's theme is one on which I wrote a
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Introduction Let me begin by thanking the Confederation of Indian Industry (CII) for inviting me to speak at its Annual Regional Meeting and National Conference on “Achieving Double-digit Growth”. The theme of the conference is, unquestionably, an issue of the utmost urgency for Indian policymakers. Although, in my current role, I am more focused on issues of macroeconomic stability and short-term growth and inflation prospects, today's theme is one on which I wrote a
এপ্ৰিল 01, 2010
Looking Back and Looking Ahead Reserve Bank of India’s Platinum Jubilee Celebrations
We are gathered here to mark the Grand Finale of the Platinum Jubilee celebrations of the Reserve Bank of India. It is my pleasure and privilege to welcome: Hon’ble Prime Minister Dr. Manmohan Singh Hon’ble Finance Minister Shri Pranab Mukherjee His Excellency, Governor of Maharashtra, Shri K. Sankaranarayanan; and Hon’ble Chief Minister of Maharashtra, Shri Ashok Chavan 2. I also want to acknowledge the presence here on this happy occasion of Smt. Gursharan Kaur, who
Dr. D. Subbarao, Governor, Reserve Bank of India
We are gathered here to mark the Grand Finale of the Platinum Jubilee celebrations of the Reserve Bank of India. It is my pleasure and privilege to welcome: Hon’ble Prime Minister Dr. Manmohan Singh Hon’ble Finance Minister Shri Pranab Mukherjee His Excellency, Governor of Maharashtra, Shri K. Sankaranarayanan; and Hon’ble Chief Minister of Maharashtra, Shri Ashok Chavan 2. I also want to acknowledge the presence here on this happy occasion of Smt. Gursharan Kaur, who
এপ্ৰিল 01, 2010
Hon’ble Prime Minister, Dr. Manmohan Singh’s Address at the Platinum Jubilee Celebrations of RBI held at National Centre for Performing Arts, Mumbai
“It is indeed a great pleasure to be here in Mumbai for the Platinum Jubilee celebrations of the Reserve Bank of India. For me, this is also a very special moment of nostalgia. I spent some very memorable years in this institution as its Governor. My wife and I cherish the memories of many new enduring friendships that we made during those memorable days. I also recall with deep appreciation the role played by the Reserve Bank in helping the Government of India in the
Dr. Manmohan Singh, Hon’ble Prime Minister
“It is indeed a great pleasure to be here in Mumbai for the Platinum Jubilee celebrations of the Reserve Bank of India. For me, this is also a very special moment of nostalgia. I spent some very memorable years in this institution as its Governor. My wife and I cherish the memories of many new enduring friendships that we made during those memorable days. I also recall with deep appreciation the role played by the Reserve Bank in helping the Government of India in the
মাৰ্চ 22, 2010
Joint Function of RBI and Government of Karnataka on Financial Literacy Project in Karnataka Bangalore: March 22, 2010
Respected Chief Secretary, Government of Karnataka Shri S.V. Ranganath and friends, I am delighted to be present here at this function organized jointly by the Government of Karnataka and the Reserve Bank of India. Over the last one year we have done a number of functions across the country as part of RBIs platinum jubilee celebrations. This function this afternoon here in Bangalore is easily one of the most exhilarating functions. It was particularly heart warming to
Dr. D. Subbarao, Governor, Reserve Bank of India
Respected Chief Secretary, Government of Karnataka Shri S.V. Ranganath and friends, I am delighted to be present here at this function organized jointly by the Government of Karnataka and the Reserve Bank of India. Over the last one year we have done a number of functions across the country as part of RBIs platinum jubilee celebrations. This function this afternoon here in Bangalore is easily one of the most exhilarating functions. It was particularly heart warming to
মাৰ্চ 22, 2010
Some Issues in Currency Management
It is my pleasure and privilege to participate in this function for laying the foundation stone for the Bank Note Paper Mill. A special and hearty welcome to the Hon’ble Finance Minister, Shri Pranab Mukherjee, but for whose active support, the launch of this vital and prestigious project would not have been possible. 2. I want to use this opportunity to speak on this occasion to highlight the significance of paper currency, touch on the history of production of curre
Dr. D. Subbarao, Governor, Reserve Bank of India
It is my pleasure and privilege to participate in this function for laying the foundation stone for the Bank Note Paper Mill. A special and hearty welcome to the Hon’ble Finance Minister, Shri Pranab Mukherjee, but for whose active support, the launch of this vital and prestigious project would not have been possible. 2. I want to use this opportunity to speak on this occasion to highlight the significance of paper currency, touch on the history of production of curre
মাৰ্চ 22, 2010
Speech of Finance Minister Foundation Laying Ceremony for Security Paper Mill at Mysore, Karnataka on March 22, 2010
Dr. Subbarao, Governor, RBI; Mrs Thorat, Deputy Governor, RBI; Members of the Board of Bharatiya Reserve Bank Note Mudran Pvt. Ltd. (BRBNMPL) and the Security Printing and Minting Corporation of India Ltd. (SPMCIL); Friends, ladies and gentlemen 2. It gives me immense pleasure to be here today, in this historic city of Mysore, on the occasion of laying the foundation stone for the project for establishing a state-of-the art currency notepaper production facility. I co
Shri Pranab Mukherjee, Hon’ble Finance Minister
Dr. Subbarao, Governor, RBI; Mrs Thorat, Deputy Governor, RBI; Members of the Board of Bharatiya Reserve Bank Note Mudran Pvt. Ltd. (BRBNMPL) and the Security Printing and Minting Corporation of India Ltd. (SPMCIL); Friends, ladies and gentlemen 2. It gives me immense pleasure to be here today, in this historic city of Mysore, on the occasion of laying the foundation stone for the project for establishing a state-of-the art currency notepaper production facility. I co
ভাৰতীয় ৰিজাৰ্ভ বেংক মোবাইল এপ্পলিকেষ্যন ইনষ্টল কৰক আৰু নৱীনতম বাতৰিৰ প্ৰৱেশাধিকাৰ পাওক!
পৃষ্ঠাটো শেহতীয়া আপডেট কৰা তাৰিখ: নৱেম্বৰ 21, 2024
