Speeches - RBI - Reserve Bank of India
Speeches & Media Interactions
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor October 09, 2024
Speeches
May 26, 2016
Impact of Chinese Slowdown on SAARC Region and Policy Options
It is indeed a pleasure to be here this morning. Let me welcome our guests of honour from the seven other SAARC countries; especially Mr. Arjun Mahendran in his capacity as the present SAARCFINANCE Chair as also Mr. Fazle Kabir, the Bangladesh Bank Governor and Mr. Dasho Penjore, Governor Royal Monetary Authority of Bhutan who will be attending the SAARCFINANCE event for the first time. I welcome our distinguished guests, including our invitees from the IMF and the BI
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
It is indeed a pleasure to be here this morning. Let me welcome our guests of honour from the seven other SAARC countries; especially Mr. Arjun Mahendran in his capacity as the present SAARCFINANCE Chair as also Mr. Fazle Kabir, the Bangladesh Bank Governor and Mr. Dasho Penjore, Governor Royal Monetary Authority of Bhutan who will be attending the SAARCFINANCE event for the first time. I welcome our distinguished guests, including our invitees from the IMF and the BI
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May 23, 2016
Customer Service in Banks: Caveat Venditor
Introduction Shri C. Krishnan, Member, Governing Council, Banking Codes and Standards Board of India (BCSBI); Shri Anand Aras, CEO, BCSBI; colleagues from the banking community, representatives from the media; ladies and gentlemen! At the outset, I would like to thank BCSBI for inviting me to inaugurate this annual conference of the Principal Code Compliance Officers (PCCOs) in the banks. Over the years, BCSBI has been instrumental in driving improvement in level of s
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Introduction Shri C. Krishnan, Member, Governing Council, Banking Codes and Standards Board of India (BCSBI); Shri Anand Aras, CEO, BCSBI; colleagues from the banking community, representatives from the media; ladies and gentlemen! At the outset, I would like to thank BCSBI for inviting me to inaugurate this annual conference of the Principal Code Compliance Officers (PCCOs) in the banks. Over the years, BCSBI has been instrumental in driving improvement in level of s
May 18, 2016
Regulating Financial Innovation: P2P Lending Platforms Design Challenges
I am very happy to be addressing this Conclave to debate the Discussion Paper that the Reserve Bank has recently presented for public discourse on regulating the Peer to Peer Lending Platforms. Let me first explain the rationale for financial regulation in general and regulation on financial innovations in particular. Let me also discuss the different approaches that the Reserve Bank had employed in the past in dealing with financial innovations and finally the challe
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
I am very happy to be addressing this Conclave to debate the Discussion Paper that the Reserve Bank has recently presented for public discourse on regulating the Peer to Peer Lending Platforms. Let me first explain the rationale for financial regulation in general and regulation on financial innovations in particular. Let me also discuss the different approaches that the Reserve Bank had employed in the past in dealing with financial innovations and finally the challe
May 12, 2016
Rethinking the Global Monetary System: Talk by Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, at the London School of Economics, May 10, 2016
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
May 07, 2016
Money and Education
Thanks very much for inviting me to speak today. First, congratulations to all of you who are receiving degrees today. Congratulations also to your teachers, family, and friends who have invested in you and supported you. Convocation speeches are meant to give you one last set of issues to ponder on before you are let loose on the world. I will actually talk about two issues – an economic point deriving from my training as an economist, and a point about private unive
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Thanks very much for inviting me to speak today. First, congratulations to all of you who are receiving degrees today. Congratulations also to your teachers, family, and friends who have invested in you and supported you. Convocation speeches are meant to give you one last set of issues to ponder on before you are let loose on the world. I will actually talk about two issues – an economic point deriving from my training as an economist, and a point about private unive
Apr 29, 2016
Asset Quality Challenges in India: Diagnosis and Prognosis
Shri Rashesh Shah, Chairman and CEO - Edelweiss Group; members of the finance fraternity; delegates to the Conclave; ladies and gentlemen! It is indeed a pleasure to be here this morning. In my address, I primarily intend to focus on some of the contemporary issues around our banking sector that have come to dominate news rooms, court rooms, board rooms and drawing rooms alike. I am hinting at loud vilification of bankers and promoters without distinguishing between t
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri Rashesh Shah, Chairman and CEO - Edelweiss Group; members of the finance fraternity; delegates to the Conclave; ladies and gentlemen! It is indeed a pleasure to be here this morning. In my address, I primarily intend to focus on some of the contemporary issues around our banking sector that have come to dominate news rooms, court rooms, board rooms and drawing rooms alike. I am hinting at loud vilification of bankers and promoters without distinguishing between t
Apr 29, 2016
Green Finance – Early Initiatives
Friends, 2. Recognition is growing of the pressing challenge of financing sustainable development, and the opportunity it offers for channeling financial capital to productive, profitable and more broadly beneficial uses. The year 2016 is set to be the year of green finance. Across the world, we are seeing a growing number of countries aligning their financial systems with the sustainability imperative. We welcome this new green finance initiative. 3. In this context,
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Friends, 2. Recognition is growing of the pressing challenge of financing sustainable development, and the opportunity it offers for channeling financial capital to productive, profitable and more broadly beneficial uses. The year 2016 is set to be the year of green finance. Across the world, we are seeing a growing number of countries aligning their financial systems with the sustainability imperative. We welcome this new green finance initiative. 3. In this context,
Apr 26, 2016
Consolidation among Public Sector Banks
At present banking system in India is evolving with a mixture of bank types serving different segments of the economy. In the last few years, the system has seen entry of new banks and emergence of new bank types targeted to serve niche segments of the society. However, banking system continues to be dominated by Public Sector Banks (PSBs) which still have more than 70 per cent market share of the banking system assets. At present there are 27 PSBs with varying sizes.
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
At present banking system in India is evolving with a mixture of bank types serving different segments of the economy. In the last few years, the system has seen entry of new banks and emergence of new bank types targeted to serve niche segments of the society. However, banking system continues to be dominated by Public Sector Banks (PSBs) which still have more than 70 per cent market share of the banking system assets. At present there are 27 PSBs with varying sizes.
Apr 20, 2016
Words Matter but so Does Intent
Congratulations to the graduating class, to their professors, and to their proud parents, siblings and friends. If you are typical, you are happy to be leaving university and embarking on a new journey, sad to be leaving familiar settings behind, and worried whether you will measure up to the challenges of wherever you are going for work or higher studies. You are also concerned about whether you have taken, or will take, the right next step. This is all perfectly nor
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Congratulations to the graduating class, to their professors, and to their proud parents, siblings and friends. If you are typical, you are happy to be leaving university and embarking on a new journey, sad to be leaving familiar settings behind, and worried whether you will measure up to the challenges of wherever you are going for work or higher studies. You are also concerned about whether you have taken, or will take, the right next step. This is all perfectly nor
Apr 19, 2016
Indian Debt Market 2020 : The Underpinnings & the Path Ahead
Shri N. S. Venkatesh, Executive Director, IDBI Bank & Chairman, FIMMDA, Shri B. Prasanna, Chairman PDAI, senior colleagues from the banking fraternity, delegates from India & UK, ladies and gentlemen. It is my pleasure to be part of the Annual FIMMDA-PDAI Conference being held in one of the leading financial centres of the world. London is home of one of the world’s oldest central banks and epitomizes the intellectual churning that has happened internationally
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Shri N. S. Venkatesh, Executive Director, IDBI Bank & Chairman, FIMMDA, Shri B. Prasanna, Chairman PDAI, senior colleagues from the banking fraternity, delegates from India & UK, ladies and gentlemen. It is my pleasure to be part of the Annual FIMMDA-PDAI Conference being held in one of the leading financial centres of the world. London is home of one of the world’s oldest central banks and epitomizes the intellectual churning that has happened internationally
Apr 07, 2016
Empowering MSMEs: Issues & Challenges
Shri Rajkumar Dhoot, Member of Parliament; Shri K.K. Jalan, Secretary, Ministry of MSME, Govt. of India; Shri Ashwani Kumar Chairman, Indian Banks’ Association & CMD, Dena Bank; Dr. Kshatrapati Shivaji, Chairman & Managing Director, SIDBI; Shri Sunil Kanoria, President, Assocham; dignitaries on the dais; distinguished colleagues from the banking fraternity; members of Assocham; representatives of the print and electronic media; ladies and gentlemen! Bringing t
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri Rajkumar Dhoot, Member of Parliament; Shri K.K. Jalan, Secretary, Ministry of MSME, Govt. of India; Shri Ashwani Kumar Chairman, Indian Banks’ Association & CMD, Dena Bank; Dr. Kshatrapati Shivaji, Chairman & Managing Director, SIDBI; Shri Sunil Kanoria, President, Assocham; dignitaries on the dais; distinguished colleagues from the banking fraternity; members of Assocham; representatives of the print and electronic media; ladies and gentlemen! Bringing t
Mar 16, 2016
Global Economic Turmoil: Impact on Indian Economy and the Way Forward
It is a pleasure to be here amongst the captains of Indian Industries who drive India’s growth amidst global uncertainty and economic slowdown. I thank the organisers for allowing me to share my thoughts on a topic which is quite relevant in the current context. 2. While preparing myself for today’s discussion, I was not very sure whether the current global economic situation warrants the characterisation as “turmoil”. Turmoil is defined as “a state of great disturban
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
It is a pleasure to be here amongst the captains of Indian Industries who drive India’s growth amidst global uncertainty and economic slowdown. I thank the organisers for allowing me to share my thoughts on a topic which is quite relevant in the current context. 2. While preparing myself for today’s discussion, I was not very sure whether the current global economic situation warrants the characterisation as “turmoil”. Turmoil is defined as “a state of great disturban
Mar 12, 2016
Towards Rules of the Monetary Game
There are few areas of robust growth around the world, with the IMF repeatedly reducing its growth forecasts in recent quarters. This period of slow growth is particularly dangerous because both industrial countries and a number of emerging markets need high growth to quell rising domestic political tensions. Policies that attempt to divert growth from others rather than create new growth, or that create growth while fostering instability elsewhere, are more likely un
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
There are few areas of robust growth around the world, with the IMF repeatedly reducing its growth forecasts in recent quarters. This period of slow growth is particularly dangerous because both industrial countries and a number of emerging markets need high growth to quell rising domestic political tensions. Policies that attempt to divert growth from others rather than create new growth, or that create growth while fostering instability elsewhere, are more likely un
Mar 12, 2016
India in the Global Economy
Thank you for inviting me to deliver the first Ramnath Goenka lecture. As you know, Shri Goenka was a freedom fighter, who built the Indian Express into a national newspaper. In his time, it was arguably the best investigative newspaper in the country. He was instrumental in highlighting the excesses of the Emergency, which probably contributed to Indira Gandhi’s defeat when she lifted it. He continued to be a tireless scourge of corruption and government high-handedn
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Thank you for inviting me to deliver the first Ramnath Goenka lecture. As you know, Shri Goenka was a freedom fighter, who built the Indian Express into a national newspaper. In his time, it was arguably the best investigative newspaper in the country. He was instrumental in highlighting the excesses of the Emergency, which probably contributed to Indira Gandhi’s defeat when she lifted it. He continued to be a tireless scourge of corruption and government high-handedn
Feb 11, 2016
Issues in Banking Today
Thank you for inviting me here today. In a country that is growing at above 7 percent, is brimming with entrepreneurial zeal, has a young population which has grown up with mobile technology, one would think that the banking sector would be buoyant. Yet the recent decline in bank share prices has investors on the edge. Of course, part of the reason is that markets are in turmoil. Some of the greater decline of bank share prices can therefore be explained by the fact t
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Thank you for inviting me here today. In a country that is growing at above 7 percent, is brimming with entrepreneurial zeal, has a young population which has grown up with mobile technology, one would think that the banking sector would be buoyant. Yet the recent decline in bank share prices has investors on the edge. Of course, part of the reason is that markets are in turmoil. Some of the greater decline of bank share prices can therefore be explained by the fact t
Feb 11, 2016
Asset Resolution & Managing NPAs – What, Why and How?
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Feb 10, 2016
Rural Cooperatives: Repositioning
I am glad to be addressing you all at this National Conference on Cooperative Banks – Regaining Leadership in this historic city of Lucknow. It is a very contemporary issue. Actually, it is an ever-green issue for the past over a century or so. You only need to recall the famous saying by the All India Rural Credit Survey of 1951 “Cooperation has failed. But, cooperation must succeed”. That showed that cooperation had a chequered history in India, with several ebbs an
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
I am glad to be addressing you all at this National Conference on Cooperative Banks – Regaining Leadership in this historic city of Lucknow. It is a very contemporary issue. Actually, it is an ever-green issue for the past over a century or so. You only need to recall the famous saying by the All India Rural Credit Survey of 1951 “Cooperation has failed. But, cooperation must succeed”. That showed that cooperation had a chequered history in India, with several ebbs an
Feb 05, 2016
Indian Banking Sector: Gazing Into The Crystal Ball
Dr. K. C. Chakrabarty, Former Deputy Governor, Reserve Bank of India; Smt. Chanda Kochhar, MD and CEO, ICICI Bank Limited; Shri Aditya Puri, MD, HDFC Bank Limited; Shri B. Sriram, Managing Director, State Bank of India; Shri P.S. Jayakumar, MD and CEO, Bank of Baroda; Shri Uday Kotak, Ex- VC and MD, Kotak Mahindra Bank; other senior colleagues from the banking and financial sector; members of the print and electronic media; ladies and gentlemen! 2. At the outset, I th
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Dr. K. C. Chakrabarty, Former Deputy Governor, Reserve Bank of India; Smt. Chanda Kochhar, MD and CEO, ICICI Bank Limited; Shri Aditya Puri, MD, HDFC Bank Limited; Shri B. Sriram, Managing Director, State Bank of India; Shri P.S. Jayakumar, MD and CEO, Bank of Baroda; Shri Uday Kotak, Ex- VC and MD, Kotak Mahindra Bank; other senior colleagues from the banking and financial sector; members of the print and electronic media; ladies and gentlemen! 2. At the outset, I th
Feb 05, 2016
Financial Stability – Issues and Concerns : Are We Barking up All Right Trees?
It’s indeed a pleasure to inaugurate this Conference on ‘Financial stability, credit distress and Economic Growth: The way forward’ organized under the aegis of the Union Bank – Great Lakes Center for Excellence in Banking and Finance. I am happy to note that this is a collaborative effort by banking and academic and research institutions. As I will explain, the selected topic of the conference is not just on an apt and very contemporary issue, it also needs theoretic
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
It’s indeed a pleasure to inaugurate this Conference on ‘Financial stability, credit distress and Economic Growth: The way forward’ organized under the aegis of the Union Bank – Great Lakes Center for Excellence in Banking and Finance. I am happy to note that this is a collaborative effort by banking and academic and research institutions. As I will explain, the selected topic of the conference is not just on an apt and very contemporary issue, it also needs theoretic
Feb 04, 2016
Strengthening Free Enterprise in India
I did not have the privilege of meeting Nani Palkhivala, but every citizen of India has been affected in some way by his life’s work, and owes him a debt of gratitude. Born in 1920, Mr. Palkhivala was not only a jurist of the highest caliber, he was also a tireless champion of constitutional liberties, of human rights and individual freedom, and of economic freedom. Nani Palkhivala fought the Kesavananda Bharati case that established the principle that the Indian Parl
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
I did not have the privilege of meeting Nani Palkhivala, but every citizen of India has been affected in some way by his life’s work, and owes him a debt of gratitude. Born in 1920, Mr. Palkhivala was not only a jurist of the highest caliber, he was also a tireless champion of constitutional liberties, of human rights and individual freedom, and of economic freedom. Nani Palkhivala fought the Kesavananda Bharati case that established the principle that the Indian Parl
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