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Sep 09, 2005
Communications in Central Banks: A Perspective
I. Introduction Communication is part of the professional hazards that central bankers face as a routine. The responses as well as measures are mostly ‘measured’. Financial markets watch our pauses, and some punctuation marks in the text of a statement have the distinct possibility of getting transmitted through the movement of a few points in the yield curve. Faced with such grave consequences that can be measured in millions of rupees or dollars, communication in ce
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I. Introduction Communication is part of the professional hazards that central bankers face as a routine. The responses as well as measures are mostly ‘measured’. Financial markets watch our pauses, and some punctuation marks in the text of a statement have the distinct possibility of getting transmitted through the movement of a few points in the yield curve. Faced with such grave consequences that can be measured in millions of rupees or dollars, communication in ce
Sep 08, 2005
Indian Economy in the Global Setting
I am extremely happy to be here in this at 99th Foundation Day Celebration Function of the Indian Merchants' Chamber at Mumbai on September 8, 2005. Indian Merchants Chamber has a long heritage – and I wish them all the best for this year’s celebrations and next year’s centenary. In this age of globalization, I thought it would be apposite to share with you an account of India’s place in the global economy. Where do we stand? Have we improved our performance? These ar
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I am extremely happy to be here in this at 99th Foundation Day Celebration Function of the Indian Merchants' Chamber at Mumbai on September 8, 2005. Indian Merchants Chamber has a long heritage – and I wish them all the best for this year’s celebrations and next year’s centenary. In this age of globalization, I thought it would be apposite to share with you an account of India’s place in the global economy. Where do we stand? Have we improved our performance? These ar
Sep 03, 2005
Monetary Co-operation in Asia
Mr. Chairman and distinguished participants, It is a privilege to be associated with the deliberations on Asian Integration. Singapore very vividly signifies both the diversity and potential for prosperity of the Asian region. We deeply appreciate the hospitality and excellent arrangements made by the IMF and MAS for this High Level Seminar. The discussion paper circulated by the MAS is of high quality and is a very useful document. This session is devoted to subjects
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Mr. Chairman and distinguished participants, It is a privilege to be associated with the deliberations on Asian Integration. Singapore very vividly signifies both the diversity and potential for prosperity of the Asian region. We deeply appreciate the hospitality and excellent arrangements made by the IMF and MAS for this High Level Seminar. The discussion paper circulated by the MAS is of high quality and is a very useful document. This session is devoted to subjects
Aug 26, 2005
Financial System Stability and Basel II -Way Forward
The initiative of the Association of Professional Bankers – Sri Lanka in organising this conference on Financial System Stability and Basel II – Way Forward is indeed commendable. Basel II is an important milestone in banking regulation and supervision and ought to be viewed as a necessary process for promoting the safety and soundness of the banking sector and thereby strengthening financial stability. What is financial stability? 2. In a situation of financial stabi
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
The initiative of the Association of Professional Bankers – Sri Lanka in organising this conference on Financial System Stability and Basel II – Way Forward is indeed commendable. Basel II is an important milestone in banking regulation and supervision and ought to be viewed as a necessary process for promoting the safety and soundness of the banking sector and thereby strengthening financial stability. What is financial stability? 2. In a situation of financial stabi
Aug 13, 2005
Recent Developments in Forex, Money and G-Sec Markets: Account and Outlook
I. Introduction It gives me immense pleasure to address this distinguished gathering of forex professionals from all over the country. Coming to these visually beautiful surroundings, it is easy to get oblivious to the fact that this state is a large contributor of ‘invisibles’ for our balance of payments. Both tourism earnings and private remittances have had a significant impact on Kerala’s economy and the state has benefited substantially as a result of liberalisat
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
I. Introduction It gives me immense pleasure to address this distinguished gathering of forex professionals from all over the country. Coming to these visually beautiful surroundings, it is easy to get oblivious to the fact that this state is a large contributor of ‘invisibles’ for our balance of payments. Both tourism earnings and private remittances have had a significant impact on Kerala’s economy and the state has benefited substantially as a result of liberalisat
Aug 06, 2005
Micro-Finance : Reserve Bank’s Approach*

Friends, I am thankful to the organisers for giving me this opportunity to be amidst this distinguished gathering. Since Dr. Bimal Jalan, a Member of Parliament and my distinguished predecessor, is chairing the session, let me start with his role in the subject of my special address today. The earliest reference to micro-credit in a formal statement of monetary and credit policy of Reserve Bank of India (RBI) was in Dr. Bimal Jalan’s Monetary and Credit Policy Stateme

Dr. Y. V. Reddy, Governor, Reserve Bank of India

Friends, I am thankful to the organisers for giving me this opportunity to be amidst this distinguished gathering. Since Dr. Bimal Jalan, a Member of Parliament and my distinguished predecessor, is chairing the session, let me start with his role in the subject of my special address today. The earliest reference to micro-credit in a formal statement of monetary and credit policy of Reserve Bank of India (RBI) was in Dr. Bimal Jalan’s Monetary and Credit Policy Stateme

Jul 09, 2005
Regulation and Risk Management: Implementing Basel II
It is indeed an honour to be amongst you on the occasion of the Platinum Jubilee Celebrations of The South Indian Bank Ltd. Today we remember the founders and pay homage to their vision and drive that led to the establishment of this bank. It is not only a day to feel proud, it is a day to reflect, a day to share, and a day to celebrate. It is also an opportunity to re-emphasise what the institution stands for, which not only helps in projecting its corporate culture
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It is indeed an honour to be amongst you on the occasion of the Platinum Jubilee Celebrations of The South Indian Bank Ltd. Today we remember the founders and pay homage to their vision and drive that led to the establishment of this bank. It is not only a day to feel proud, it is a day to reflect, a day to share, and a day to celebrate. It is also an opportunity to re-emphasise what the institution stands for, which not only helps in projecting its corporate culture
Jun 23, 2005
Overcoming Challenges in a Globalising Economy : Managing India’s External Sector
Dear Friends, I am thankful to the Foreign Policy Centre for giving me this opportunity to be with you this evening and share India’s experience in regard to managing its progressive integration with the world economy. I would like to confine myself to the issues relating to the external sector. Perhaps one of the most successful aspects of India’s structural reforms is the strength and dynamism in the external sector. The memories of June 1991, when the foreign excha
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Dear Friends, I am thankful to the Foreign Policy Centre for giving me this opportunity to be with you this evening and share India’s experience in regard to managing its progressive integration with the world economy. I would like to confine myself to the issues relating to the external sector. Perhaps one of the most successful aspects of India’s structural reforms is the strength and dynamism in the external sector. The memories of June 1991, when the foreign excha
Jun 22, 2005
Challenges In Banking Security
Fellow Participants and Colleagues, It gives me great pleasure to be in your midst, as we commence this workshop on Banking Security. I am particularly happy to be here to address a group of involved persons who are the harbingers of change – so to say – in the use of technology in Banking. Banking as a business involves the management of risks. While much has been said about the financial risks, the risks arising out of the large scale implementation of technology is
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
Fellow Participants and Colleagues, It gives me great pleasure to be in your midst, as we commence this workshop on Banking Security. I am particularly happy to be here to address a group of involved persons who are the harbingers of change – so to say – in the use of technology in Banking. Banking as a business involves the management of risks. While much has been said about the financial risks, the risks arising out of the large scale implementation of technology is
Jun 10, 2005
Value-based Professionals: The Need of the Hour*
It gives me great pleasure to be in your midst today. The Institute of Company Secretaries of India (ICSI) has been a critical player in the Indian endeavour to develop professionals to protect the interests of the stake holders, to ensure corporate governance and contribute to public good – a topic which is intrinsically linked to the theme of today, viz. value based professionals and the broader theme of corporate governance. These are difficult issues and given tod
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be in your midst today. The Institute of Company Secretaries of India (ICSI) has been a critical player in the Indian endeavour to develop professionals to protect the interests of the stake holders, to ensure corporate governance and contribute to public good – a topic which is intrinsically linked to the theme of today, viz. value based professionals and the broader theme of corporate governance. These are difficult issues and given tod

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