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মার্চ 06, 2006
Reforms, Productivity and Efficiency in Banking: The Indian Experience
Let me at the outset congratulate the Pakistan Society of Development Economists for organising this Conference. Issues of productivity and efficiency have been at the centre-stage of discussions in recent years. Nowhere is this truer than the financial sector, which is perceived to be the ‘brain’ of the economy (Stiglitz, 1998). Even within the financial sector, given the dominance of bank-based financial systems in most emerging markets including ours and the system
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
Let me at the outset congratulate the Pakistan Society of Development Economists for organising this Conference. Issues of productivity and efficiency have been at the centre-stage of discussions in recent years. Nowhere is this truer than the financial sector, which is perceived to be the ‘brain’ of the economy (Stiglitz, 1998). Even within the financial sector, given the dominance of bank-based financial systems in most emerging markets including ours and the system
জানু 31, 2006
Indian banks and the global challenges*
It gives me great pleasure and privilege to participate in the Seminar jointly hosted by Indian Merchants' Chamber and IBA at a juncture when financial services sector across jurisdictions is going through a strong phase of increasing globalisation. Integration of economies leads to integration of financial markets catalyzing the globalisation process. The growing role of the financial sector in allocation of resources has significant potential advantages for the effi
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It gives me great pleasure and privilege to participate in the Seminar jointly hosted by Indian Merchants' Chamber and IBA at a juncture when financial services sector across jurisdictions is going through a strong phase of increasing globalisation. Integration of economies leads to integration of financial markets catalyzing the globalisation process. The growing role of the financial sector in allocation of resources has significant potential advantages for the effi
জানু 23, 2006
Central Bank Communications : Some Random Thoughts
Ms. Wanda Tseng, Mr. Ariyoshi, distinguished fellow central bankers and friends, At the outset, I would like to extend a hearty welcome to all our guests to India. I hope you will find the weather outside as well as the intellectual stimulation in the seminar pleasant and productive. I am thankful to the organisers for inviting me to participate in the seminar. The subject is close to our head and heart and we, in the RBI, had organized a SAARCFIN sponsored seminar la
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Ms. Wanda Tseng, Mr. Ariyoshi, distinguished fellow central bankers and friends, At the outset, I would like to extend a hearty welcome to all our guests to India. I hope you will find the weather outside as well as the intellectual stimulation in the seminar pleasant and productive. I am thankful to the organisers for inviting me to participate in the seminar. The subject is close to our head and heart and we, in the RBI, had organized a SAARCFIN sponsored seminar la
জানু 19, 2006
Role of Accountants in Fostering Economic Growth
Distinguished guests, ladies and gentlemen, I am thankful to Shri Kamlesh Vikamsey for inviting me to this august gathering. This Conference is of relevance to all of us, not only because of the eminence of the speakers who are addressing this gathering, but also because it represents an important step by the Institute of Chartered Accountants of India (ICAI) to distill from the experiences of other countries in its quest for global benchmarking of our accounting stan
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Distinguished guests, ladies and gentlemen, I am thankful to Shri Kamlesh Vikamsey for inviting me to this august gathering. This Conference is of relevance to all of us, not only because of the eminence of the speakers who are addressing this gathering, but also because it represents an important step by the Institute of Chartered Accountants of India (ICAI) to distill from the experiences of other countries in its quest for global benchmarking of our accounting stan
জানু 16, 2006
Financial Inclusion and Millennium Development Goals*
At the outset, I take this opportunity to thank the Planning Commission, the United Nations Development Programme (UNDP) and the College of Agricultural Banking for inviting me to this very relevant program on human development and State finances. The central theme of the Millenium Development Goals (MDGs) is reduction of poverty in all its forms . The MDGs emphasise human development indicators, especially those relating to women and children, to enable people to liv
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
At the outset, I take this opportunity to thank the Planning Commission, the United Nations Development Programme (UNDP) and the College of Agricultural Banking for inviting me to this very relevant program on human development and State finances. The central theme of the Millenium Development Goals (MDGs) is reduction of poverty in all its forms . The MDGs emphasise human development indicators, especially those relating to women and children, to enable people to liv
ডিসেম্বর 27, 2005
Importance of Productivity in India
Respected Professor Papola and friends, It is an honour and privilege to address this august gathering. I am happy to visit Visakhapatnam, where, in 1965, I commenced my career in civil services in Andhra Pradesh as an Assistant Collector under training - learning initially from village karnam of Penduthri village (then a village) and Revenue Inspector of Gajuvoka, travelling by bicycle to the villages. I am particularly delighted that a friend for decades, an economi
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Respected Professor Papola and friends, It is an honour and privilege to address this august gathering. I am happy to visit Visakhapatnam, where, in 1965, I commenced my career in civil services in Andhra Pradesh as an Assistant Collector under training - learning initially from village karnam of Penduthri village (then a village) and Revenue Inspector of Gajuvoka, travelling by bicycle to the villages. I am particularly delighted that a friend for decades, an economi
ডিসেম্বর 16, 2005
Corporate governance in banks in India
Friends, I am thankful to the organisers for inviting me to give a luncheon address. There are several reasons why I was compelled to accept the responsibility. First, the eminence of the presentors, namely Indian Institute of Management, Bangalore, International Institute of Finance and Indian Banks’ Association. Second, the persuasive skills of Mr. Sinor who brings to bear the persona of the whole banking community on any subject. Third, growing importance being acc
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Friends, I am thankful to the organisers for inviting me to give a luncheon address. There are several reasons why I was compelled to accept the responsibility. First, the eminence of the presentors, namely Indian Institute of Management, Bangalore, International Institute of Finance and Indian Banks’ Association. Second, the persuasive skills of Mr. Sinor who brings to bear the persona of the whole banking community on any subject. Third, growing importance being acc
ডিসেম্বর 03, 2005
Future growth drivers : Retail versus corporate
Good afternoon, ladies and gentlemen. It is my pleasure to be here in the precincts of one of the premier business schools of India. When Mr. Bhusnur Math, an ex-RBI colleague, approached me for this seminar, I must concede it was the association of MDI with the event that made me accept the invitation. The way the world is changing and becoming more complex, newer challenges are being thrown up necessitating more interaction and dialogue between academia and the poli
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
Good afternoon, ladies and gentlemen. It is my pleasure to be here in the precincts of one of the premier business schools of India. When Mr. Bhusnur Math, an ex-RBI colleague, approached me for this seminar, I must concede it was the association of MDI with the event that made me accept the invitation. The way the world is changing and becoming more complex, newer challenges are being thrown up necessitating more interaction and dialogue between academia and the poli
ডিসেম্বর 02, 2005
Taking Banking Services to the Common Man – Financial Inclusion *
Ladies and Gentlemen, I am truly honoured to deliver the Fedbank Hormis Memorial Foundation commemorative lecture. The illustrious list of the previous years’ speakers indicates the kind of significance this commemorative lecture has acquired over the years. The late Shri K.P.Hormis, founder of Federal Bank, was a visionary and left behind an institutional set up in the form of Federal Bank which has been doing yeoman service for well over seventy five years. The Fedb
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen, I am truly honoured to deliver the Fedbank Hormis Memorial Foundation commemorative lecture. The illustrious list of the previous years’ speakers indicates the kind of significance this commemorative lecture has acquired over the years. The late Shri K.P.Hormis, founder of Federal Bank, was a visionary and left behind an institutional set up in the form of Federal Bank which has been doing yeoman service for well over seventy five years. The Fedb
নভেম্বর 26, 2005
Foreign Exchange Regulations – A Review
Good evening, ladies and gentlemen. I am happy to be here at the annual general meeting of the FEDAI. As we never tire of mentioning, the role of FEDAI is unique. It is not merely a self regulatory organization in the sense of complementing regulation, its own regulations have a binding nature to the extent they are issued under directions from RBI. As a self regulatory organization, we look to FEDAI to promote better customer service, efficient market practices by en
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
Good evening, ladies and gentlemen. I am happy to be here at the annual general meeting of the FEDAI. As we never tire of mentioning, the role of FEDAI is unique. It is not merely a self regulatory organization in the sense of complementing regulation, its own regulations have a binding nature to the extent they are issued under directions from RBI. As a self regulatory organization, we look to FEDAI to promote better customer service, efficient market practices by en

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