Speeches - Regulating Commercial Banking - આરબીઆઈ - Reserve Bank of India
speeches
સપ્ટે 09, 2004
Ownership and Governance in Private Sector Banks in India
I am grateful to the Confederation of Indian Industries to arrange a seminar on a subject of great importance today. This gives me an opportunity to discuss the issues with various stakeholders. On July 2, 2004, RBI issued draft guidelines on ownership and governance in private sector banks in India. These guidelines were placed in the public domain for wider debate and feedback. The RBI is to put out a second draft and then finalise the policy taking into account the
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I am grateful to the Confederation of Indian Industries to arrange a seminar on a subject of great importance today. This gives me an opportunity to discuss the issues with various stakeholders. On July 2, 2004, RBI issued draft guidelines on ownership and governance in private sector banks in India. These guidelines were placed in the public domain for wider debate and feedback. The RBI is to put out a second draft and then finalise the policy taking into account the
ઑગસ્ટ 28, 2004
Bank Supervision – Challenges Ahead*
I deem it an honour and a privilege to speak before this august gathering on the occasion of the Nani Palkhivala Memorial Oration. While conferring on him the Honorary degree of Doctor of Laws, Shri Nani Palkhivala was described by Princeton University, USA, as a "defender of constitutional liberties, champion of human rights, teacher, author and economic developer". This description, however, does not capture the brilliance of the man’s mind, the eloquence of his spe
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
I deem it an honour and a privilege to speak before this august gathering on the occasion of the Nani Palkhivala Memorial Oration. While conferring on him the Honorary degree of Doctor of Laws, Shri Nani Palkhivala was described by Princeton University, USA, as a "defender of constitutional liberties, champion of human rights, teacher, author and economic developer". This description, however, does not capture the brilliance of the man’s mind, the eloquence of his spe
જુલાઈ 30, 2004
Indian Banking and e-Security*
I. INTRODUCTION Thank you very much for inviting me to this inaugural session of the Conference on e-security. With the expansion of IT applications in the Indian banking system, there is a concomitant increase in concerns relating to e-security. It is, therefore, very appropriate and timely that the Indian Banks' Association (IBA) and Manufacturers Association of Information Technology (MAIT) have come together to organize this conference. The banking sector is one o
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I. INTRODUCTION Thank you very much for inviting me to this inaugural session of the Conference on e-security. With the expansion of IT applications in the Indian banking system, there is a concomitant increase in concerns relating to e-security. It is, therefore, very appropriate and timely that the Indian Banks' Association (IBA) and Manufacturers Association of Information Technology (MAIT) have come together to organize this conference. The banking sector is one o
જૂન 27, 2004
Financial Stability : Indian Experience
I am thankful to the BIS for inviting me to share some thoughts on financial stability issues in the Panel of four Governors. It is an honour to address the galaxy of central bankers assembled here in connection with the annual meetings of the BIS. My observations are based on the Indian experience and would focus on rebalancing of efficiency and stability in the context of financial sector reforms in India. 2. In India, we have been moving from a government-dominated
Dr. Y. V. Reddy, Governor, Reserve Bank of India
I am thankful to the BIS for inviting me to share some thoughts on financial stability issues in the Panel of four Governors. It is an honour to address the galaxy of central bankers assembled here in connection with the annual meetings of the BIS. My observations are based on the Indian experience and would focus on rebalancing of efficiency and stability in the context of financial sector reforms in India. 2. In India, we have been moving from a government-dominated
જૂન 02, 2004
Implementation of Basel II: An Indian Perspective
Address by Smt. Kishori J. Udeshi, Deputy Governor, Reserve Bank of India at the World Bank/IMF/US Federal Reserve Board 4th Annual International Seminar on Policy Challenges for the Financial Sector : Basel II at Washington on June 2, 2004 Yesterday we had very absorbing discussions on macro issues, regulatory perspectives and risk management challenges relating to Basel II. We are now not debating whether to go forward with Basel II but how to implement Basel II. In
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
Address by Smt. Kishori J. Udeshi, Deputy Governor, Reserve Bank of India at the World Bank/IMF/US Federal Reserve Board 4th Annual International Seminar on Policy Challenges for the Financial Sector : Basel II at Washington on June 2, 2004 Yesterday we had very absorbing discussions on macro issues, regulatory perspectives and risk management challenges relating to Basel II. We are now not debating whether to go forward with Basel II but how to implement Basel II. In
માર્ચ 27, 2004
M.A.Master Memorial Lecture
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Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
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જાન્યુ 06, 2004
Credit Policy, Systems and Culture
Coming to the Institute kindles a feeling of festive occasion and it is a privilege and an honour to be here with you. There have been significant achievements, in training, in diversified fields, with new initiatives and a wider coverage in the area of research and consultancy. Admittedly, there is more of sponsored research now. Incidentally, one of my former colleagues Ms. Indrani Banerjee, who along with others worked with me on a money-laundering Report in the Re
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Coming to the Institute kindles a feeling of festive occasion and it is a privilege and an honour to be here with you. There have been significant achievements, in training, in diversified fields, with new initiatives and a wider coverage in the area of research and consultancy. Admittedly, there is more of sponsored research now. Incidentally, one of my former colleagues Ms. Indrani Banerjee, who along with others worked with me on a money-laundering Report in the Re
ડિસે 12, 2003
Retail Banking : Challenges Ahead in Distribution Channels in Urban/Rural India - Remarks
The promise of lower transaction costs, increased sales productivity, and more convenient service has lured banks into setting up new delivery channels. Earlier, vast brick and mortar branch network has been considered as an inherent advantage of established banks and new entrants were at huge disadvantage vis-à-vis the established players in terms of customer reach. However, post 1990s new players are effectively taking on the branch network advantage of the establis
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
The promise of lower transaction costs, increased sales productivity, and more convenient service has lured banks into setting up new delivery channels. Earlier, vast brick and mortar branch network has been considered as an inherent advantage of established banks and new entrants were at huge disadvantage vis-à-vis the established players in terms of customer reach. However, post 1990s new players are effectively taking on the branch network advantage of the establis
ડિસે 11, 2003
Towards Globalisation in the Financial Sector in India - Inaugural Address
I am indeed very happy to be, once again, amongst friends– albeit in a slightly different capacity. All of you have been totally supportive to me and, I must express my deep sense of gratitude to you for the warm and affectionate welcome that you gave for my appointment. My address today is in the nature of sharing of some of my preliminary thought processes on the subject of globalisation and the financial sector. The presentation today starts with a framework for ap
Dr. Y. V. Reddy, Governor, Reserve Bank of India
I am indeed very happy to be, once again, amongst friends– albeit in a slightly different capacity. All of you have been totally supportive to me and, I must express my deep sense of gratitude to you for the warm and affectionate welcome that you gave for my appointment. My address today is in the nature of sharing of some of my preliminary thought processes on the subject of globalisation and the financial sector. The presentation today starts with a framework for ap
ડિસે 09, 2003
Banking and Trade Finance Inaugural Address
I am indeed privileged to be invited to inaugurate this conference and especially so, as this is the first time that the International Chamber of Commerce Banking Commission Meeting is taking place in India. The contribution made by ICC in standardisation is well-known but perhaps what is not so well-known is that the ICC also contributes to making business policy by publishing policy statements and reports and laying down guidelines, goals and rules. This conference
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
I am indeed privileged to be invited to inaugurate this conference and especially so, as this is the first time that the International Chamber of Commerce Banking Commission Meeting is taking place in India. The contribution made by ICC in standardisation is well-known but perhaps what is not so well-known is that the ICC also contributes to making business policy by publishing policy statements and reports and laying down guidelines, goals and rules. This conference
નવે 28, 2003
Finance for Industrial Growth
It is indeed a privilege and an honour for me to deliver the Mohan Kumaramangalam Memorial Lecture here at the Administrative Staff College of India. Mohan Kumaramangalam was one of the most distinguished public servants of his generation. His untimely and unfortunate death in a plane crash in 1973 deprived India of a worthy son. A leftist in his student days in England, Mohan Kumaramangalam was a leading light of Mrs. Gandhi's cabinet. His enduring contribution was t
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
It is indeed a privilege and an honour for me to deliver the Mohan Kumaramangalam Memorial Lecture here at the Administrative Staff College of India. Mohan Kumaramangalam was one of the most distinguished public servants of his generation. His untimely and unfortunate death in a plane crash in 1973 deprived India of a worthy son. A leftist in his student days in England, Mohan Kumaramangalam was a leading light of Mrs. Gandhi's cabinet. His enduring contribution was t
સપ્ટે 09, 2003
Financing for Entrepreneurship and SMEs : An Indian Perspective
I am indeed thankful to OECD for inviting me as speaker at this important workshop on "Entrepreneurship in a Global Economy". In my address, I shall share with you some of the initiatives that are being taken by the Indian authorities with regard to the Small Scale Industries (SSI), against the backdrop of the SME financing in a cross-country perspective.In view of the continuing financing problems of the SMEs, at least two broad approaches have been adopted at the na
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I am indeed thankful to OECD for inviting me as speaker at this important workshop on "Entrepreneurship in a Global Economy". In my address, I shall share with you some of the initiatives that are being taken by the Indian authorities with regard to the Small Scale Industries (SSI), against the backdrop of the SME financing in a cross-country perspective.In view of the continuing financing problems of the SMEs, at least two broad approaches have been adopted at the na
મે 21, 2003
Infrastructure Development in India: Emerging Challenges
I. BACKGROUNDInfrastructure contributes significantly to economic development both by increasing productivity and by providing amenities that enhance the quality of life. The impact of infrastructure on economic growth is well documented internationally. In the Indian context too, elasticities of output with respect to various stocks of infrastructure indicate that the transport and communication sectors play a dominant role in explaining the variations in GDP and its
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I. BACKGROUNDInfrastructure contributes significantly to economic development both by increasing productivity and by providing amenities that enhance the quality of life. The impact of infrastructure on economic growth is well documented internationally. In the Indian context too, elasticities of output with respect to various stocks of infrastructure indicate that the transport and communication sectors play a dominant role in explaining the variations in GDP and its
જાન્યુ 07, 2003
Management Challenges in Banking*
IntroductionIt gives me great pleasure in participating in the Annual Day function of NIBM where I have spent two years as a student of BMP in 1980s. NIBM has been playing a vital role in providing a platform to bankers and at times to Regulators also for exchange of views and thoughts to meet the emerging requirements of banking sector. Recent developments have underscored the urgency to sensitise the banking industry on emerging issues and quickly adapt to the chang
Shri. G.P. Muniappan, Deputy Governor, Reserve Bank of India
IntroductionIt gives me great pleasure in participating in the Annual Day function of NIBM where I have spent two years as a student of BMP in 1980s. NIBM has been playing a vital role in providing a platform to bankers and at times to Regulators also for exchange of views and thoughts to meet the emerging requirements of banking sector. Recent developments have underscored the urgency to sensitise the banking industry on emerging issues and quickly adapt to the chang
ડિસે 29, 2002
Transforming Indian Banking: In Search of a Better Tomorrow
The significant transformation of the banking industry in India is clearly evident from the changes that have occurred in the financial markets, institutions and products. While deregulation has opened up new vistas for banks to augment revenues, it has entailed greater competition and consequently greater risks. Cross-border flows and entry of new products, particularly derivative instruments, have impacted significantly on the domestic banking sector, forcing banks
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
The significant transformation of the banking industry in India is clearly evident from the changes that have occurred in the financial markets, institutions and products. While deregulation has opened up new vistas for banks to augment revenues, it has entailed greater competition and consequently greater risks. Cross-border flows and entry of new products, particularly derivative instruments, have impacted significantly on the domestic banking sector, forcing banks
ડિસે 28, 2002
Re-Engineering Operations in Banking System
Banking has traditionally remained a protected industry in many emerging economies. However, a combination of developments has compelled banks to change the old ways of doing business. These include, among others, technological advancements, disintermediation pressures arising from a liberalized marketplace, increased emphasis on shareholders’ value and macroeconomic pressures and banking crises in 1990s. As a consequence of these developments, the dividing line betwe
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
Banking has traditionally remained a protected industry in many emerging economies. However, a combination of developments has compelled banks to change the old ways of doing business. These include, among others, technological advancements, disintermediation pressures arising from a liberalized marketplace, increased emphasis on shareholders’ value and macroeconomic pressures and banking crises in 1990s. As a consequence of these developments, the dividing line betwe
ડિસે 28, 2002
Inaugural Session on Technical Session I - Reorienting Structure
Introduction It gives me great pleasure to address this gathering of professionals from the financial sector. I have been impressed by the arrangements which have been made for the conduct of the program, and hope that the proceedings will also match the organisation in grandeur. I have had the opportunity to go through the papers which are being presented at this session and I am very happy to note that they are of a high quality and raise very pertinent issues. In f
Shri. G.P. Muniappan, Deputy Governor, Reserve Bank of India
Introduction It gives me great pleasure to address this gathering of professionals from the financial sector. I have been impressed by the arrangements which have been made for the conduct of the program, and hope that the proceedings will also match the organisation in grandeur. I have had the opportunity to go through the papers which are being presented at this session and I am very happy to note that they are of a high quality and raise very pertinent issues. In f
ડિસે 27, 2002
Strengthening Indian Banking and Finance: Progress and Prospects
The Bank Economists’ Conference has become an important annual event for constructive interactions and informed debate on the state of our financial system. The theme chosen for this year, "Indian Banking: Managing Transformation", provides an excellent opportunity to reflect on the ground that has been covered in transforming Indian banking into a vibrant, sound and a well-functioning system, and to chart out a plan for the future. I am happy to be here with you agai
Dr. Bimal Jalan, Governor, Reserve Bank of India
The Bank Economists’ Conference has become an important annual event for constructive interactions and informed debate on the state of our financial system. The theme chosen for this year, "Indian Banking: Managing Transformation", provides an excellent opportunity to reflect on the ground that has been covered in transforming Indian banking into a vibrant, sound and a well-functioning system, and to chart out a plan for the future. I am happy to be here with you agai
સપ્ટે 11, 2002
Governance and Regulation of Financial Services
I. Introduction to the theme and the speakersThe theme for this session is a very broad one, encompassing the entire framework of regulation. However, it is very relevant in today’s times given the focus on the regulation and supervision of the institutions in the financial sector. This focus has emerged in the context of the large number of financial sector crises and bank failures, which have plagued almost all the economies in the world over the last two decades. T
Shri. G.P. Muniappan, Deputy Governor, Reserve Bank of India
I. Introduction to the theme and the speakersThe theme for this session is a very broad one, encompassing the entire framework of regulation. However, it is very relevant in today’s times given the focus on the regulation and supervision of the institutions in the financial sector. This focus has emerged in the context of the large number of financial sector crises and bank failures, which have plagued almost all the economies in the world over the last two decades. T
ઑગસ્ટ 31, 2002
Challenges Before The Indian Banking Industry
I am honoured to speak at the 55th Annual General Meeting of the Indian Banks' Association. The Indian Banks' Association started as a voluntary service Organisation in 1946 has played a very important and pivotal role for more than 50 years in the banking industry and has made commendable efforts as a facilitator in ensuring an efficient and sound banking system which is committed to excellence in operations and customer service. The Association strives to meet the d
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I am honoured to speak at the 55th Annual General Meeting of the Indian Banks' Association. The Indian Banks' Association started as a voluntary service Organisation in 1946 has played a very important and pivotal role for more than 50 years in the banking industry and has made commendable efforts as a facilitator in ensuring an efficient and sound banking system which is committed to excellence in operations and customer service. The Association strives to meet the d
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