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જૂન 21, 2016
Foreign Exchange Market & Cross-border Transactions: Some Random Reflections
Shri C. Venkat Nageshwar, Chairman, Foreign Exchange Dealers Association of India (FEDAI), Shri Ravi Sinha, Acting Consul General of India in Hong Kong, Shri D. G. Patwardhan, outgoing CEO of FEDAI, Shri Ashwani Sindhwani, incoming CEO of FEDAI, distinguished speakers and panellists and delegates to the Conference. It is a great pleasure to be here today in this modern city of Hong Kong which Wikipedia describes as world's most competitive economy, the world's most vi
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Shri C. Venkat Nageshwar, Chairman, Foreign Exchange Dealers Association of India (FEDAI), Shri Ravi Sinha, Acting Consul General of India in Hong Kong, Shri D. G. Patwardhan, outgoing CEO of FEDAI, Shri Ashwani Sindhwani, incoming CEO of FEDAI, distinguished speakers and panellists and delegates to the Conference. It is a great pleasure to be here today in this modern city of Hong Kong which Wikipedia describes as world's most competitive economy, the world's most vi
જૂન 20, 2016
The fight against inflation: a measure of our institutional development
I thank the Tata Institute of Fundamental Research for inviting me to give this Foundation Day lecture. I have always seen TIFR with awe from afar. Some explanation is in order. My roommate in my first year at MIT was Dr. Renganathan Iyer, who is one of the smartest mathematicians I know – he used to help me understand my tutorials in real analysis. And he never missed an occasion to tell me how much smarter everyone else at TIFR was. Perhaps Renga was being modest, b
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
I thank the Tata Institute of Fundamental Research for inviting me to give this Foundation Day lecture. I have always seen TIFR with awe from afar. Some explanation is in order. My roommate in my first year at MIT was Dr. Renganathan Iyer, who is one of the smartest mathematicians I know – he used to help me understand my tutorials in real analysis. And he never missed an occasion to tell me how much smarter everyone else at TIFR was. Perhaps Renga was being modest, b
મે 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
મે 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
મે 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
મે 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
એપ્રિલ 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
એપ્રિલ 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,
એપ્રિલ 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.

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