Speeches - RBI - Reserve Bank of India
Speeches & Media Interactions
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor August 08, 2024
Speeches
Mar 18, 2000
Bretton Woods Institutions In 2000
Respected Narasimham garu, Professor Radhakrishna and friends, I am thankful to the organisers for giving me the honour and privilege of delivering the Dr. V.S. Krishna Memorial lecture. Dr. Krishna, a Professor of Economics in this University was chosen by Pandit Jawaharlal Nehru to succeed Dr. C.D. Deshmukh as the Chairman of University Grants Commission in 1961. Unfortunately his untimely death soon after he assumed charge deprived the nation of his services. His v
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Respected Narasimham garu, Professor Radhakrishna and friends, I am thankful to the organisers for giving me the honour and privilege of delivering the Dr. V.S. Krishna Memorial lecture. Dr. Krishna, a Professor of Economics in this University was chosen by Pandit Jawaharlal Nehru to succeed Dr. C.D. Deshmukh as the Chairman of University Grants Commission in 1961. Unfortunately his untimely death soon after he assumed charge deprived the nation of his services. His v
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Mar 04, 2000
Budget 2000 and Fixed Income Markets
Friends,I must compliment the organisers for convening this Conference and thank them for inviting me to be here. Perhaps, you could not have chosen a better moment to have an inaugural meet of dealers in Fixed Income markets. The latest Budget announced earlier this week is a landmark and, indeed a watershed, in heralding an enabling environment for the development of healthy fixed income markets in India. The Budget ushers in the most comprehensive debt market refor
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Friends,I must compliment the organisers for convening this Conference and thank them for inviting me to be here. Perhaps, you could not have chosen a better moment to have an inaugural meet of dealers in Fixed Income markets. The latest Budget announced earlier this week is a landmark and, indeed a watershed, in heralding an enabling environment for the development of healthy fixed income markets in India. The Budget ushers in the most comprehensive debt market refor
Feb 25, 2000
Monetary and Fiscal Policy, and Poverty, andPublic Policy: What is New ?
Professor Raja Chelliah, Professor Govinda Rao, and distinguished participants. I am thankful to Professor Rao for giving me the privilege of being part of this distinguished gathering assembled to honour Professor Chelliah. Papers presented in the seminar covered a wide spectrum of theory and practice; analysed a broad range of topics, from inter-governmental issues to poverty alleviation schemes and brought to bear varying experiences of landlocked Nepal, island eco
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Professor Raja Chelliah, Professor Govinda Rao, and distinguished participants. I am thankful to Professor Rao for giving me the privilege of being part of this distinguished gathering assembled to honour Professor Chelliah. Papers presented in the seminar covered a wide spectrum of theory and practice; analysed a broad range of topics, from inter-governmental issues to poverty alleviation schemes and brought to bear varying experiences of landlocked Nepal, island eco
Feb 25, 2000
Banking in Future : Flexibility, Autonomy and Regulatory Refocus
At the outset, I am thankful to the Institute for giving me an opportunity to be here and share the experiences and be a witness to the variety of sentiments and ideas. There is no prepared valedictory address; and I deliberately decided not to have one, so that I can share with you my perception of what happened in this Conference and incidentally make a few comments. This is a somewhat risky path for a central banker, especially with the press being here. But, by an
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
At the outset, I am thankful to the Institute for giving me an opportunity to be here and share the experiences and be a witness to the variety of sentiments and ideas. There is no prepared valedictory address; and I deliberately decided not to have one, so that I can share with you my perception of what happened in this Conference and incidentally make a few comments. This is a somewhat risky path for a central banker, especially with the press being here. But, by an
Feb 15, 2000
Legislation on Fiscal Responsibility and Reserve Banks Role : Some Issues
Mr. Chairman and friends, I am thankful to Mr. Mathur for giving me this opportunity to participate in this workshop. Mr. Mathurs letter of invitation stated that "In India there is an urgent need for improved management of national finances", and Reserve Bank of India has been advocating fiscal prudence, especially since the reform process started about a decade ago. The subject is vast and complex, and in this speech, the issues relevant for a legislation on fiscal
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, I am thankful to Mr. Mathur for giving me this opportunity to participate in this workshop. Mr. Mathurs letter of invitation stated that "In India there is an urgent need for improved management of national finances", and Reserve Bank of India has been advocating fiscal prudence, especially since the reform process started about a decade ago. The subject is vast and complex, and in this speech, the issues relevant for a legislation on fiscal
Feb 09, 2000
Agenda for Banking in the Millenium
Thank you Dr. Subrahmanyam,Mr Bhide, Chairman, Deputy Governors, Chairmen of Banking Industry, Faculty of NIBM and distinguished guests, I am very glad to be here. This is a very important occasion because, as Dr. Subrahmanyam pointed out, this kind of Conference is taking place after nearly 10 years. And it is taking place at an opportune moment when we are beginning the new Millenium. We have ended a century and your discussions would give direction to the banking i
Dr. Bimal Jalan, Governor, Reserve Bank of India
Thank you Dr. Subrahmanyam,Mr Bhide, Chairman, Deputy Governors, Chairmen of Banking Industry, Faculty of NIBM and distinguished guests, I am very glad to be here. This is a very important occasion because, as Dr. Subrahmanyam pointed out, this kind of Conference is taking place after nearly 10 years. And it is taking place at an opportune moment when we are beginning the new Millenium. We have ended a century and your discussions would give direction to the banking i
Feb 07, 2000
International Financial Regulation : The Quiet Revolution
I am highly honoured to have been asked to be the latest in a very distinguished list of C. D. Deshmukh lecturers. My predecessors are a kind of Whos Who of international finance: Michel Camdessus, Gerry Corrigan, Eddie George and others. Clearly, to mark the new Millennium, you have decided to go downmarket!I was last in India, in both Mumbai and Chennai almost exactly two years ago. I spoke at a CII conference in Chennai with Mr Narasimham, who was at that time eng
Mr.Howard Davies,
I am highly honoured to have been asked to be the latest in a very distinguished list of C. D. Deshmukh lecturers. My predecessors are a kind of Whos Who of international finance: Michel Camdessus, Gerry Corrigan, Eddie George and others. Clearly, to mark the new Millennium, you have decided to go downmarket!I was last in India, in both Mumbai and Chennai almost exactly two years ago. I spoke at a CII conference in Chennai with Mr Narasimham, who was at that time eng
Feb 02, 2000
"Is Inflation Dead" - Some Comments
Honourable Shri Jaswant Singhji, respected Dr. Sushil Wadhwani, Director General Rakesh Mohan and friends. I am thankful to Dr. Rakesh Mohan for giving me this, opportunity. It is a matter of personal satisfaction to me to meet Dr. Wadhwani, whose lecture in London School of Economics on 'Currency Puzzles' in September won wide acclaim. Needless to say, his presentation today on 'Is Inflation dead' is bound to be another landmark speech. Its breadth and depth as also
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Honourable Shri Jaswant Singhji, respected Dr. Sushil Wadhwani, Director General Rakesh Mohan and friends. I am thankful to Dr. Rakesh Mohan for giving me this, opportunity. It is a matter of personal satisfaction to me to meet Dr. Wadhwani, whose lecture in London School of Economics on 'Currency Puzzles' in September won wide acclaim. Needless to say, his presentation today on 'Is Inflation dead' is bound to be another landmark speech. Its breadth and depth as also
Jan 04, 2000
Developing Government Securities Market : Some Issues
Mr. Ramesh and friends,I am happy to be here with you today at the Second in the series of seminars conducted by the Primary Dealers Association of India. Since I delivered the inaugural address at the first seminar in Chennai last year, the number of Primary Dealers (PDs) has increased from six to fourteen. So, let me welcome the new additions to the family at this Seminar. I participated in a Bank for International Settlements meeting last month in which one of the
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Ramesh and friends,I am happy to be here with you today at the Second in the series of seminars conducted by the Primary Dealers Association of India. Since I delivered the inaugural address at the first seminar in Chennai last year, the number of Primary Dealers (PDs) has increased from six to fourteen. So, let me welcome the new additions to the family at this Seminar. I participated in a Bank for International Settlements meeting last month in which one of the
Dec 06, 1999
Finance and Development Which Way Now?
The Annual Foundation Lecture of this famous College is an important event in our countrys academic calendar. Several of our most distinguished economists, public administrators and thinkers have shared their thoughts with you on this occasion. I feel privileged to have been invited to deliver this years lecture. My happiness in being able to join you today has been immeasurably enhanced by the presence of Shri M. Narasimham at this function. Shri Narasimhams subst
Dr. Bimal Jalan, Governor, Reserve Bank of India
The Annual Foundation Lecture of this famous College is an important event in our countrys academic calendar. Several of our most distinguished economists, public administrators and thinkers have shared their thoughts with you on this occasion. I feel privileged to have been invited to deliver this years lecture. My happiness in being able to join you today has been immeasurably enhanced by the presence of Shri M. Narasimham at this function. Shri Narasimhams subst
Dec 04, 1999
Future of Rural Banking
Respected Professor Khan, distinguished academics and friends, I am grateful to the Ram Reddy Memorial Trust for giving me an opportunity to deliver this endowment lecture. I knew Ram Reddy Sab since 1960 and, like some of you here, we developed abiding affection towards each other. To me, he was indeed, a friend, philosopher and guide in every sense of the word. He won people's heart, made academic contributions and built lasting institutions, and he achieved all thi
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Respected Professor Khan, distinguished academics and friends, I am grateful to the Ram Reddy Memorial Trust for giving me an opportunity to deliver this endowment lecture. I knew Ram Reddy Sab since 1960 and, like some of you here, we developed abiding affection towards each other. To me, he was indeed, a friend, philosopher and guide in every sense of the word. He won people's heart, made academic contributions and built lasting institutions, and he achieved all thi
Sep 16, 1999
Structural Reforms in ARDBS : Issues and Prospects
Mr. Chairman, Ladies & Gentlemen,I am very happy to participate in this workshop and to deliver the inaugural address. I thank the organizers for this opportunity.Various measures of financial sector reform were initiated in India since 1991 and it is amply clear that these measures have now started producing durable results. In particular, these measures enabled the banking sector to face a number of challenges boldly. The prudential and supervision norms which w
Shri Jagdish Capoor, Deputy Governor, Reserve Bank of India
Mr. Chairman, Ladies & Gentlemen,I am very happy to participate in this workshop and to deliver the inaugural address. I thank the organizers for this opportunity.Various measures of financial sector reform were initiated in India since 1991 and it is amply clear that these measures have now started producing durable results. In particular, these measures enabled the banking sector to face a number of challenges boldly. The prudential and supervision norms which w
Sep 08, 1999
State and Market: Altering the Boundaries and Emerging New Balances
Chairman Mr. Swaminatha Reddy, Mr. Rao and Mr. Srinivasan, I am delighted to be here among many affectionate friends. I am thankful to my college-mate, batch-mate, cadre-mate and a very affectionate friend, V.K. Srinivasan for giving me this opportunity. The Chairman, Mr. Reddy, has given an excellent overview of what I intend covering in this address today viz., the changing contours of borders between State and market.The altering of the boundaries between State and
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Chairman Mr. Swaminatha Reddy, Mr. Rao and Mr. Srinivasan, I am delighted to be here among many affectionate friends. I am thankful to my college-mate, batch-mate, cadre-mate and a very affectionate friend, V.K. Srinivasan for giving me this opportunity. The Chairman, Mr. Reddy, has given an excellent overview of what I intend covering in this address today viz., the changing contours of borders between State and market.The altering of the boundaries between State and
Sep 08, 1999
March to the New Millenium by Indian banks
It gives me great pleasure to be in the midst of this august gathering assembled here for felicitating the great personalities who have been conferred with the Bank of India Excellence Awards for 1999. I consider it a great privilege to present the Awards for Excellence to the doyens in their respective fields. I extend my heartiest congratulations to the awardees.Bank of India is one of the oldest Indian Commercial Banks having commenced its business in the then Bomb
Shri S. P. Talwar, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be in the midst of this august gathering assembled here for felicitating the great personalities who have been conferred with the Bank of India Excellence Awards for 1999. I consider it a great privilege to present the Awards for Excellence to the doyens in their respective fields. I extend my heartiest congratulations to the awardees.Bank of India is one of the oldest Indian Commercial Banks having commenced its business in the then Bomb
Sep 03, 1999
Development of Forex Markets: Indian Experience
Mr. Chairman and Friends, I am thankful to the organisers for giving me this opportunity to be with distinguished Central Bank Governors and professionals in forex business from South Asia. Since we met last in Hyderabad a year ago, the financial world has come out of a serious crisis, perhaps wiser and more sober. We could at this stage, therefore, give some attention to structural and developmental aspects of the external sector including forex markets. I, therefo
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and Friends, I am thankful to the organisers for giving me this opportunity to be with distinguished Central Bank Governors and professionals in forex business from South Asia. Since we met last in Hyderabad a year ago, the financial world has come out of a serious crisis, perhaps wiser and more sober. We could at this stage, therefore, give some attention to structural and developmental aspects of the external sector including forex markets. I, therefo
Aug 25, 1999
International Financial Architecture: Developing Countries Perspective 49th Anniversary Lecture Central Bank of Sri Lanka
Bimal Jalan Governor, Reserve Bank of IndiaGovernor Jayawardena and friends, It is a great honour for me to deliver the 49th Anniversary Lecture of the Central Bank of Sri Lanka. I am thankful to Governor Jayawardena for this invitation. I have had the privilege of knowing Governor Jayawardena personally over a long period of time, and have been an admirer of his immense knowledge and wisdom in the conduct of macro-economic and monetary policies. Under his stewardship
Dr. Bimal Jalan, Governor, Reserve Bank of India
Bimal Jalan Governor, Reserve Bank of IndiaGovernor Jayawardena and friends, It is a great honour for me to deliver the 49th Anniversary Lecture of the Central Bank of Sri Lanka. I am thankful to Governor Jayawardena for this invitation. I have had the privilege of knowing Governor Jayawardena personally over a long period of time, and have been an admirer of his immense knowledge and wisdom in the conduct of macro-economic and monetary policies. Under his stewardship
Aug 17, 1999
Inflation in India : Status and Issues
Mr. Chairman, Professor Hanumantha Rao garu; Professor Venkataramiah and friends,I am happy to be here again in the midst of friends belonging to the academic community of twin cities. In particular, I am honoured that Professor Hanumantha Rao is presiding over todays session. A lecture-date with CESS implies that I prepare carefully on a topic of contemporary interest to the research community in the broad area of economics. During my last visit a couple of years ag
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman, Professor Hanumantha Rao garu; Professor Venkataramiah and friends,I am happy to be here again in the midst of friends belonging to the academic community of twin cities. In particular, I am honoured that Professor Hanumantha Rao is presiding over todays session. A lecture-date with CESS implies that I prepare carefully on a topic of contemporary interest to the research community in the broad area of economics. During my last visit a couple of years ag
Jul 22, 1999
IT and the Banking Sector
Ladies and Gentlemen,I am glad to be amidst you on this important occasion which is the culmination of a joint initiative undertaken by the Indian Banks Association and the National Association of Software and Service Companies (NASSCOM) to discuss issues surrounding IT for banking and other financial institutions. I congratulate both the IBA and the NASSCOM on their choice of the theme for the Conference, which in my view is critical to the growth of the industry. I
Shri S. P. Talwar, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen,I am glad to be amidst you on this important occasion which is the culmination of a joint initiative undertaken by the Indian Banks Association and the National Association of Software and Service Companies (NASSCOM) to discuss issues surrounding IT for banking and other financial institutions. I congratulate both the IBA and the NASSCOM on their choice of the theme for the Conference, which in my view is critical to the growth of the industry. I
Jun 28, 1999
Discussion Paper on Universal Banking and Beyond
Respected Shri Narasimham garu, Dean of Deputy Governors, Shri Talwar, and friends,There are many reasons why I am happy to be here and the most important of these is to have the honour of being with Mr. Narasimham, the Bhishma Pita Maha of financial sector in India. In fact, the Discussion Paper of the Reserve Bank of India (RBI) on "Harmonising the Role and Operations of Development Financial Institutions and Banking " (DP) relies heavily on the report of the Commit
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Respected Shri Narasimham garu, Dean of Deputy Governors, Shri Talwar, and friends,There are many reasons why I am happy to be here and the most important of these is to have the honour of being with Mr. Narasimham, the Bhishma Pita Maha of financial sector in India. In fact, the Discussion Paper of the Reserve Bank of India (RBI) on "Harmonising the Role and Operations of Development Financial Institutions and Banking " (DP) relies heavily on the report of the Commit
Jun 28, 1999
Regulatory Regime in Financial Sector Emerging Issues
Hyderabad, known also as a Bagya Nagar, is well known for housing some of the premier institutions of this country, of which Administrative Staff College of India occupies a pride of place. The city has become a trendsetter in the emerging thrust area of Indian economic resurgence, namely Information Technology. It has provided congenial functional environment for many of global IT Giants, in the process earning the name of Cyberabad. It is just the other day, precise
Shri S. P. Talwar, Deputy Governor, Reserve Bank of India
Hyderabad, known also as a Bagya Nagar, is well known for housing some of the premier institutions of this country, of which Administrative Staff College of India occupies a pride of place. The city has become a trendsetter in the emerging thrust area of Indian economic resurgence, namely Information Technology. It has provided congenial functional environment for many of global IT Giants, in the process earning the name of Cyberabad. It is just the other day, precise
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