Speeches - RBI - Reserve Bank of India
Speeches & Media Interactions
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor October 09, 2024
Speeches
Jan 18, 2010
International Conference Funding of Deposit Insurance Systems Hosted by DICGC
At the outset, on behalf of the Reserve Bank of India, I welcome you all to India and to this wonderful state of Goa. My thanks also to the Asia Regional Committee (ARC) of the International Association of Deposit Insurers (IADI) for giving an opportunity to the Deposit Insurance and Credit Guarantee Corporation (DICGC) to host this Conference. This event is particularly important for us because it is being hosted as a part of the Platinum Jubilee celebrations of the
Dr. D. Subbarao, Governor, Reserve Bank of India
At the outset, on behalf of the Reserve Bank of India, I welcome you all to India and to this wonderful state of Goa. My thanks also to the Asia Regional Committee (ARC) of the International Association of Deposit Insurers (IADI) for giving an opportunity to the Deposit Insurance and Credit Guarantee Corporation (DICGC) to host this Conference. This event is particularly important for us because it is being hosted as a part of the Platinum Jubilee celebrations of the
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Jan 18, 2010
Funding of Deposit Insurance Systems
Ladies and Gentlemen It gives me great pleasure to be in the midst of the deposit insurers of the world. I have had the pleasure of meeting many of you at conferences in the past and I am delighted to see you again at Goa – a favourite tourist destination in India, famous for its beaches, churches and cuisine. I hope you find the time to enjoy what Goa has to offer in addition to conferring on the very relevant subject of “Funding Deposit Insurance System”. 2. The the
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen It gives me great pleasure to be in the midst of the deposit insurers of the world. I have had the pleasure of meeting many of you at conferences in the past and I am delighted to see you again at Goa – a favourite tourist destination in India, famous for its beaches, churches and cuisine. I hope you find the time to enjoy what Goa has to offer in addition to conferring on the very relevant subject of “Funding Deposit Insurance System”. 2. The the
Jan 16, 2010
Commemorative Stamp Release by the President Governor’s Welcome Address
On behalf of the Reserve Bank of India, it is my pleasure and privilege to welcome Your Excellency, the Hon’ble President of India for the release of the Commemorative Stamp marking the Reserve Bank’s Platinum Jubilee. This occasion, Your Excellency, is truly special. This is the first time the First Citizen of the country has graced the New Delhi office of the Reserve Bank which has the honour and distinction of having been inaugurated by our first Prime Minister, Pa
Dr. D. Subbarao, Governor, Reserve Bank of India
On behalf of the Reserve Bank of India, it is my pleasure and privilege to welcome Your Excellency, the Hon’ble President of India for the release of the Commemorative Stamp marking the Reserve Bank’s Platinum Jubilee. This occasion, Your Excellency, is truly special. This is the first time the First Citizen of the country has graced the New Delhi office of the Reserve Bank which has the honour and distinction of having been inaugurated by our first Prime Minister, Pa
Jan 16, 2010
Speech by Her Excellency the President of India, Shrimati Pratibha Devisingh Patil, at the Platinum Jubilee Celebrations and Release of Postage Stamp on the Reserve Bank of India on 16th January, 2010 at New Delhi
Ladies and Gentlemen, I am happy to be participating at this function to mark the Platinum Jubilee of the Reserve Bank of India and to release its Commemorative Stamp. I convey my greetings to its Governor, the Directors and the staff. The Reserve Bank of India has been a part of the country’s economic journey. It has stood at the centre of India’s financial system. From ensuring stability of interest and exchange rates to providing liquidity; from ensuring bank penet
Shrimati Pratibha Devisingh Patil, THE HON’BLE PRESIDENT OF INDIA
Ladies and Gentlemen, I am happy to be participating at this function to mark the Platinum Jubilee of the Reserve Bank of India and to release its Commemorative Stamp. I convey my greetings to its Governor, the Directors and the staff. The Reserve Bank of India has been a part of the country’s economic journey. It has stood at the centre of India’s financial system. From ensuring stability of interest and exchange rates to providing liquidity; from ensuring bank penet
Jan 16, 2010
Speech by Shri Namo Narain Meena, Hon’ble Minister of State for Banking and Insurance on the release of RBI Commemorative Stamp on 16.01.2010 at New Delhi (As prepared for Delivery)
Your Excellency Hon’ble President of India, Shri Mukherjee, Hon’ble Finance Minister, Shri Kamat, Hon’ble Minister for Communication, Dr. Subbarao, Governor, RBI, distinguished guests, friends from media, ladies and gentlemen. It is a great pleasure being here today on this momentous occasion of release of Postage Stamp commemorating the Platinum Jubilee year of the Reserve Bank of India. For me, this occasion is especially significant as we at the Ministry of Finance
Shri Namo Narain Meena, Hon’ble Minister of State for Banking and Insurance
Your Excellency Hon’ble President of India, Shri Mukherjee, Hon’ble Finance Minister, Shri Kamat, Hon’ble Minister for Communication, Dr. Subbarao, Governor, RBI, distinguished guests, friends from media, ladies and gentlemen. It is a great pleasure being here today on this momentous occasion of release of Postage Stamp commemorating the Platinum Jubilee year of the Reserve Bank of India. For me, this occasion is especially significant as we at the Ministry of Finance
Jan 16, 2010
Speech by Shri Gurudas Kamat, Hon’ble Minister of State for Information and Communication Technology on the release of Postage Stamp on Reserve Bank of India on 16.01.2010 at New Delhi (As prepared for Delivery)
Her Excellency the President of India, Smt.Pratibha Devisingh Patil, Hon’ble Union Finance Minister, Shri Pranab Mukherjee, Hon’ble Minister of State for Banking and Insurance, Shri Namo Narain Meena Governor, Reserve Bank of India, Dr D. Subba Rao Distinguished guests, Today we have gathered to celebrate the Platinum Jubilee Year of the Reserve Bank of India with the release of a commemorative postage stamp by Her Excellency, the President of India. It is my pleasure
Shri Gurudas Kamat, Hon’ble Minister of State for Information and Communication Technology
Her Excellency the President of India, Smt.Pratibha Devisingh Patil, Hon’ble Union Finance Minister, Shri Pranab Mukherjee, Hon’ble Minister of State for Banking and Insurance, Shri Namo Narain Meena Governor, Reserve Bank of India, Dr D. Subba Rao Distinguished guests, Today we have gathered to celebrate the Platinum Jubilee Year of the Reserve Bank of India with the release of a commemorative postage stamp by Her Excellency, the President of India. It is my pleasure
Jan 16, 2010
Speech by Shri Pranab Mukherjee, Hon’ble Finance Minister on the release of RBI Commemorative Stamp on 16.01.2010 at New Delhi (As prepared for Delivery)
Your Excellency Hon’ble President of India, Shri Kamat, Hon’ble Minister for Communication, Shri Meena, Hon’ble Minister of State for Finance, Dr. Subbarao, Governor, RBI and friends, I am delighted to be here today in your midst on this occasion. 2. I congratulate all of you on the happy occasion of the celebration of the Platinum Jubilee of your institution. As many of you know, I have had a close association with RBI over the years. My interest in the central bank
Shri Pranab Mukherjee, Hon’ble Finance Minister
Your Excellency Hon’ble President of India, Shri Kamat, Hon’ble Minister for Communication, Shri Meena, Hon’ble Minister of State for Finance, Dr. Subbarao, Governor, RBI and friends, I am delighted to be here today in your midst on this occasion. 2. I congratulate all of you on the happy occasion of the celebration of the Platinum Jubilee of your institution. As many of you know, I have had a close association with RBI over the years. My interest in the central bank
Jan 15, 2010
Book Release by the Prime Minister ‘Perspectives on Central Banking: Governors Speak’ 15 January 2010
The compendium of key speeches of RBI Governors, entitled ‘Perspectives on Central Banking: Governors Speak’ is the Reserve Bank of India’s Platinum Jubilee tribute to its past leaders. All of us in the Reserve Bank attach immense value to the fact that this book is being released today by the Hon’ble Prime Minister, Dr. Manmohan Singh, who was himself Governor of the Reserve Bank from 1982 to 1985. We are delighted that besides the Prime Minister, three former Govern
Dr. D. Subbarao, Governor, Reserve Bank of India
The compendium of key speeches of RBI Governors, entitled ‘Perspectives on Central Banking: Governors Speak’ is the Reserve Bank of India’s Platinum Jubilee tribute to its past leaders. All of us in the Reserve Bank attach immense value to the fact that this book is being released today by the Hon’ble Prime Minister, Dr. Manmohan Singh, who was himself Governor of the Reserve Bank from 1982 to 1985. We are delighted that besides the Prime Minister, three former Govern
Jan 14, 2010
Measures of Inflation in India: Issues and Perspectives
“I have said many, many times that inflation is a sinister beast.” - Richard Fisher I thank the Indian Association for Research in National Income and Wealth (IARNIW) for giving me this opportunity to speak on the important issue of inflation measurement in India which is a key theme of this year's Conference. The discussion is also timely as we would be moving into a new series of wholesale price index (WPI) with a more representative commodity basket and the proposa
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
“I have said many, many times that inflation is a sinister beast.” - Richard Fisher I thank the Indian Association for Research in National Income and Wealth (IARNIW) for giving me this opportunity to speak on the important issue of inflation measurement in India which is a key theme of this year's Conference. The discussion is also timely as we would be moving into a new series of wholesale price index (WPI) with a more representative commodity basket and the proposa
Jan 12, 2010
Risk Management - Priorities for the Indian Banking Sector
The new decade is predicted to be more transformational than the first decade of this millennium for the Indian economy and the Indian financial system. If the last ten years have seen transformation in terms of consistently higher growth rates, adoption of core banking solutions, transformation in the payments systems and greater integration with the global economy, the coming decade will see unprecedented volume of business for the Indian financial system as it trie
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
The new decade is predicted to be more transformational than the first decade of this millennium for the Indian economy and the Indian financial system. If the last ten years have seen transformation in terms of consistently higher growth rates, adoption of core banking solutions, transformation in the payments systems and greater integration with the global economy, the coming decade will see unprecedented volume of business for the Indian financial system as it trie
Jan 04, 2010
Financial Markets – Some Regulatory Issues and Recent Developments
1. It is my pleasure to be here today again, at the FIMMDA-PDAI annual conference as we enter into a new decade. The last decade in the Indian financial sector has been a forward continuum marked by significant developments. It was in 1999 that guidelines for interest rate swaps and forward rate agreements were first introduced. 1999 was also the year when FEMA was enacted and since then it has been a process of measured opening up of the capital account. That was als
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
1. It is my pleasure to be here today again, at the FIMMDA-PDAI annual conference as we enter into a new decade. The last decade in the Indian financial sector has been a forward continuum marked by significant developments. It was in 1999 that guidelines for interest rate swaps and forward rate agreements were first introduced. 1999 was also the year when FEMA was enacted and since then it has been a process of measured opening up of the capital account. That was als
Dec 30, 2009
India's Economic Recovery : Drivers and Risks - Subir Gokarn, Deputy Governor
THE GLOBAL SCENARIO Global Growth: Modest signs of recovery (Growth in per cent) Jan-09 Apr-09 July-09 Aug-09 Oct-09 Global 2009 0.5 -1.3 -1.4 -1.3 -1.1 2010 3.0 1.9 2.5 2.9 3.1 Advanced Economies 2009 -2.0 -3.8 -3.8 -3.7 -3.4 2010 1.1 0.0 0.6 1.0 1.3 Emerging and Developing Economies 2009 3.3 1.6 1.5 1.5 1.7 2010 5.0 4.0 4.7 5.0 5.1 India 2009 5.1 4.5 5.4 5.3 5.4 2010 6.5 5.6 6.5 6.5 6.4 Source: International Monetary Fund. Global Inflation: Asymmetric patterns Y-o-Y
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
THE GLOBAL SCENARIO Global Growth: Modest signs of recovery (Growth in per cent) Jan-09 Apr-09 July-09 Aug-09 Oct-09 Global 2009 0.5 -1.3 -1.4 -1.3 -1.1 2010 3.0 1.9 2.5 2.9 3.1 Advanced Economies 2009 -2.0 -3.8 -3.8 -3.7 -3.4 2010 1.1 0.0 0.6 1.0 1.3 Emerging and Developing Economies 2009 3.3 1.6 1.5 1.5 1.7 2010 5.0 4.0 4.7 5.0 5.1 India 2009 5.1 4.5 5.4 5.3 5.4 2010 6.5 5.6 6.5 6.5 6.4 Source: International Monetary Fund. Global Inflation: Asymmetric patterns Y-o-Y
Dec 29, 2009
Current Macroeconomic Developments in India
The Indian economy continues to be one of the fastest growing economies in the world, and the recovery from the slowdown in growth witnessed in the aftermath of the global crisis has been sharper than what was generally anticipated for the second quarter of 2009-10. The slowdown in growth from the average of 8.8 per cent during 2003-08 to 5.8 per cent in the second half of 2008-09 had necessitated clear prioritization of policy focus on management of recovery, which w
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
The Indian economy continues to be one of the fastest growing economies in the world, and the recovery from the slowdown in growth witnessed in the aftermath of the global crisis has been sharper than what was generally anticipated for the second quarter of 2009-10. The slowdown in growth from the average of 8.8 per cent during 2003-08 to 5.8 per cent in the second half of 2008-09 had necessitated clear prioritization of policy focus on management of recovery, which w
Dec 09, 2009
Financial Inclusion : Challenges and Opportunities
Being in Kolkata, this city of joy, is always a heart warming experience. Being here in the pre-Christmas season is a particular delight, and for me personally, a nostalgic memory. My special thanks to the Bankers’ Club for inviting me to speak here this evening. I recall our meeting at this Club last year when we were in the thick of the deepest financial crisis of our time, and all of us were anxious and uncertain about the immediate future. I believe the worst is b
Dr. D. Subbarao, Governor, Reserve Bank of India
Being in Kolkata, this city of joy, is always a heart warming experience. Being here in the pre-Christmas season is a particular delight, and for me personally, a nostalgic memory. My special thanks to the Bankers’ Club for inviting me to speak here this evening. I recall our meeting at this Club last year when we were in the thick of the deepest financial crisis of our time, and all of us were anxious and uncertain about the immediate future. I believe the worst is b
Dec 04, 2009
Mobile Commerce, Mobile Banking - The Emerging Paradigm
1. Introduction 1.1 It is indeed a privilege for me to be here at the "India Telecom 2009" event being organised by the Department of Telecom, Government of India, in collaboration with FICCI. I thank Mr. J.S. Deepak, Joint Secretary, Department of Telecom for extending me an invitation and providing me an opportunity to share my thoughts on Mobile Commerce or M-Commerce. M-Commerce is an area which is rapidly changing the way people conduct their financial transactio
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
1. Introduction 1.1 It is indeed a privilege for me to be here at the "India Telecom 2009" event being organised by the Department of Telecom, Government of India, in collaboration with FICCI. I thank Mr. J.S. Deepak, Joint Secretary, Department of Telecom for extending me an invitation and providing me an opportunity to share my thoughts on Mobile Commerce or M-Commerce. M-Commerce is an area which is rapidly changing the way people conduct their financial transactio
Nov 30, 2009
Furthering Financial Inclusion through Financial Literacy and Credit Counselling
I am happy to be here this morning and feel privileged to launch the Federal Ashwas Trust for running the Financial Literacy and Credit Counselling Centres (FLCC) of Federal Bank. At the outset, let me warmly congratulate my old friend and colleague Shri M. Venugopalan, MD and CEO, Federal Bank, and his team for bringing the FLCC of Federal Bank to fruition. Even though Kerala has the highest literacy rate amongst all States in the country, I am sure that centres such
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
I am happy to be here this morning and feel privileged to launch the Federal Ashwas Trust for running the Financial Literacy and Credit Counselling Centres (FLCC) of Federal Bank. At the outset, let me warmly congratulate my old friend and colleague Shri M. Venugopalan, MD and CEO, Federal Bank, and his team for bringing the FLCC of Federal Bank to fruition. Even though Kerala has the highest literacy rate amongst all States in the country, I am sure that centres such
Nov 27, 2009
Emerging blueprint for prudential regulation - Assessment and challenges
1. It is a pleasure to participate in the Confluence 2009 at one of the premier management institutes of the world. It has largely been the symbiotic relationship between the academia and financial sector that has spurred the revolution in finance over the past few decades. Starting from 1973, when the Black Scholes option formula moved almost immediately from paper to practice (the seminal paper was published in the same year, followed by the opening of the world’s f
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
1. It is a pleasure to participate in the Confluence 2009 at one of the premier management institutes of the world. It has largely been the symbiotic relationship between the academia and financial sector that has spurred the revolution in finance over the past few decades. Starting from 1973, when the Black Scholes option formula moved almost immediately from paper to practice (the seminal paper was published in the same year, followed by the opening of the world’s f
Nov 26, 2009
GenNext Banking : Issues and Perspectives
Introduction At the outset, let me thank the Indian Merchant’s Chamber for inviting me to chair this session on GenNext Banking of the 4th International Banking and Finance Conference 2009. I congratulate the organizers on having chosen such topical and germane topics as “Banking – Crisis and Beyond”, “Credit Instruments- Beyond Vanilla Lending” for the earlier sessions. I particularly congratulate the organizers for selecting the topic “GenNext Banking” for this sess
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Introduction At the outset, let me thank the Indian Merchant’s Chamber for inviting me to chair this session on GenNext Banking of the 4th International Banking and Finance Conference 2009. I congratulate the organizers on having chosen such topical and germane topics as “Banking – Crisis and Beyond”, “Credit Instruments- Beyond Vanilla Lending” for the earlier sessions. I particularly congratulate the organizers for selecting the topic “GenNext Banking” for this sess
Nov 25, 2009
Should Banking Be Made Boring? - An Indian Perspective
I. Introduction First of all, my grateful thanks to the Indian Merchants’ Chamber and the Institute of Chartered Accountants of India for inviting me to be the Chief Guest at this year’s International Finance and Banking Conference. The theme of this conference, “Banking - Crisis and Beyond” is relevant and timely. The global financial system has been engulfed in possibly the deepest crisis of our time shaking our world view of the financial sector to its roots. As at
Dr. D. Subbarao, Governor, Reserve Bank of India
I. Introduction First of all, my grateful thanks to the Indian Merchants’ Chamber and the Institute of Chartered Accountants of India for inviting me to be the Chief Guest at this year’s International Finance and Banking Conference. The theme of this conference, “Banking - Crisis and Beyond” is relevant and timely. The global financial system has been engulfed in possibly the deepest crisis of our time shaking our world view of the financial sector to its roots. As at
Nov 12, 2009
Global Financial Crisis and Monetary Policy Response in India
I thank ICRIER and InWEnt for giving me this opportunity to speak to you this morning. In my talk, I will try to address the following set of questions: How and why was India impacted by the global financial crisis? How did monetary policy respond to the crisis? What was the impact of the policy on the Reserve Bank’s balance sheet? How did monetary transmission work? I will conclude by highlighting the challenges of exit from monetary easing. The subprime crisis that
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank ICRIER and InWEnt for giving me this opportunity to speak to you this morning. In my talk, I will try to address the following set of questions: How and why was India impacted by the global financial crisis? How did monetary policy respond to the crisis? What was the impact of the policy on the Reserve Bank’s balance sheet? How did monetary transmission work? I will conclude by highlighting the challenges of exit from monetary easing. The subprime crisis that
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