Page	
	
Official Website of Reserve Bank of India	
Speeches
																		એપ્રિલ 03,
																		2005
																		
																
																
																	
																		
																			Emerging Realities in Banking & Finance: Role of New Generation Managers
																		
																		
																			
																			
																	
																	
																
																
																					It is indeed a pleasure to be here in your midst today. To be amongst bright young students is not only energizing but also a learning experience - as we look at issues afresh and start by asking basic questions, which at some level are the most difficult. 2. The Reserve Bank has shared a very special relationship with the NIBM – it catalyzed its creation in 1969, provided the venue for its first campus and has been intimately associated with its functioning. While th
																			
																			
																		
																	Shri V. Leeladhar, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		It is indeed a pleasure to be here in your midst today. To be amongst bright young students is not only energizing but also a learning experience - as we look at issues afresh and start by asking basic questions, which at some level are the most difficult. 2. The Reserve Bank has shared a very special relationship with the NIBM – it catalyzed its creation in 1969, provided the venue for its first campus and has been intimately associated with its functioning. While th
																
																
																
																
																
																
																
																
																
																		માર્ચ 12,
																		2005
																		
																
																
																	
																		
																			Managing Talent in Banks: A Few Thoughts
																		
																		
																			
																			
																	
																	
																
																
																					It gives me great pleasure to be in your midst today. A hundred years is, indeed, a landmark event in the history of an institution and as Corporation Bank celebrates its centenary, it joins the rank of the ‘venerables’. The establishment of the Corporation Bank with its humble beginnings in 1906 was during an eventful period in India’s economic history. It was a brave new era which saw a flurry of activity when a host of what were then termed ‘native’ banks were set 
																			
																			
																		
																	Shri V. Leeladhar, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		It gives me great pleasure to be in your midst today. A hundred years is, indeed, a landmark event in the history of an institution and as Corporation Bank celebrates its centenary, it joins the rank of the ‘venerables’. The establishment of the Corporation Bank with its humble beginnings in 1906 was during an eventful period in India’s economic history. It was a brave new era which saw a flurry of activity when a host of what were then termed ‘native’ banks were set 
																
																
																
																
																
																
																
																
																
																		માર્ચ 11,
																		2005
																		
																
																
																	
																		
																			Basel II Accord and its Implications
																		
																		
																			
																			
																	
																	
																
																
																					Ladies and gentlemen, it is my pleasure to share my thoughts with you on a subject which is currently engaging the attention of the banking community, not just in India but worldwide. Let me first admit upfront that although I am at the moment wearing the regulator’s hat, yet I have been a commercial banker for most part of my professional career. So, the banker in me still goads me to put myself in bankers’ shoes before evaluating any regulatory options. I can better
																			
																			
																		
																	Shri V. Leeladhar, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		Ladies and gentlemen, it is my pleasure to share my thoughts with you on a subject which is currently engaging the attention of the banking community, not just in India but worldwide. Let me first admit upfront that although I am at the moment wearing the regulator’s hat, yet I have been a commercial banker for most part of my professional career. So, the banker in me still goads me to put myself in bankers’ shoes before evaluating any regulatory options. I can better
																
																
																
																
																
																
																
																
																
																		માર્ચ 11,
																		2005
																		
																
																
																	
																		
																			The Roadmap for Fixed Income and Derivatives Market*
																		
																		
																			
																			
																	
																	
																
																
																					Friends, I am thankful to the Fixed Income Money Market and Derivatives Association of India (FIMMDA) and Primary Dealers Association of India (PDAI), the organisers, for inviting me to deliver the keynote address today. I have had the pleasure of being closely associated with FIMMDA and PDAI since their inception. Reserve Bank of India has been taking active interest in the development of fixed income markets and the role of FIMMDA is becoming increasingly important 
																			
																			
																		
																	Dr. Y. V. Reddy, 
																	Governor, Reserve Bank of India 
																
																
																		Friends, I am thankful to the Fixed Income Money Market and Derivatives Association of India (FIMMDA) and Primary Dealers Association of India (PDAI), the organisers, for inviting me to deliver the keynote address today. I have had the pleasure of being closely associated with FIMMDA and PDAI since their inception. Reserve Bank of India has been taking active interest in the development of fixed income markets and the role of FIMMDA is becoming increasingly important 
																
																
																
																
																
																
																
																
																
																		માર્ચ 11,
																		2005
																		
																
																
																	
																		
																			Contemporary and Future Issues in Indian Banking*
																		
																		
																			
																			
																	
																	
																
																
																					Banking scenario has changed rapidly since 1990s. The decade of 90s has witnessed a sea change in the way banking is done in India. Technology has made tremendous impact in banking. ‘Anywhere banking’ and ‘Anytime banking’ have become a reality. The financial sector now operates in a more competitive environment than before and intermediates relatively large volume of international financial flows. In the wake of greater financial deregulation and global financial int
																			
																			
																		
																	Shri V. Leeladhar, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		Banking scenario has changed rapidly since 1990s. The decade of 90s has witnessed a sea change in the way banking is done in India. Technology has made tremendous impact in banking. ‘Anywhere banking’ and ‘Anytime banking’ have become a reality. The financial sector now operates in a more competitive environment than before and intermediates relatively large volume of international financial flows. In the wake of greater financial deregulation and global financial int
																
																
																
																
																
																
																
																
																
																		ફેબ્રુ 12,
																		2005
																		
																
																
																	
																		
																			Monetary Policy: An Outline*
																		
																		
																			
																			
																	
																	
																
																
																					Respected Vice-Chancellor Professor Simhadri, Professor Bhanoji Rao, Professor K.C. Reddy, and fellow-members of Andhra Pradesh Economic Association. I am thankful to the organisers for inviting me to be the President and deliver the Presidential Address. There are several reasons for my being keen to be in Visakhapatnam to deliver the Presidential Address. I commenced my career in Government of Andhra Pradesh in Visakhapatnam as Assistant Collector Under Training ove
																			
																			
																		
																	Dr. Y. V. Reddy, 
																	Governor, Reserve Bank of India 
																
																
																		Respected Vice-Chancellor Professor Simhadri, Professor Bhanoji Rao, Professor K.C. Reddy, and fellow-members of Andhra Pradesh Economic Association. I am thankful to the organisers for inviting me to be the President and deliver the Presidential Address. There are several reasons for my being keen to be in Visakhapatnam to deliver the Presidential Address. I commenced my career in Government of Andhra Pradesh in Visakhapatnam as Assistant Collector Under Training ove
																
																
																
																
																
																
																
																
																
																		ફેબ્રુ 10,
																		2005
																		
																
																
																	
																		
																			The pursuit of financial stability
																		
																		
																			
																			
																	
																	
																
																
																					It gives me great pleasure to address this gathering at the 7th Annual Conference on Money and Finance in the Indian economy organised by the Indira Gandhi Institute of Development Research (IGIDR). Issues related to monetary policy and financial sector continue to attract a lot of research interest all over the world and this is all the more true for emerging economies like India which are gradually integrating with the rest of the world. Accordingly, the initiatives
																			
																			
																		
																	Smt. K.J. Udeshi, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		It gives me great pleasure to address this gathering at the 7th Annual Conference on Money and Finance in the Indian economy organised by the Indira Gandhi Institute of Development Research (IGIDR). Issues related to monetary policy and financial sector continue to attract a lot of research interest all over the world and this is all the more true for emerging economies like India which are gradually integrating with the rest of the world. Accordingly, the initiatives
																
																
																
																
																
																
																
																
																
																		જાન્યુ 25,
																		2005
																		
																
																
																	
																		
																			Foreign Exchange Regulatory Regimes in India: From Control to Management
																		
																		
																			
																			
																	
																	
																
																
																					Shri Minoo Shroff, Mr Gazaria, Mr. Thakkar, ladies and gentlemen. I am delighted to be here in Forum of Free Enterprise to deliver the keynote address at this programme on FEMA for executives and professionals. The Forum of Free Enterprise has been engaged in educating public focusing special attention on the youth with a view to helping today’s younger generation to become good, responsible, active and well informed citizens of tomorrow. Towards that end stalwarts li
																			
																			
																		
																	Smt. Shyamala Gopinath, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		Shri Minoo Shroff, Mr Gazaria, Mr. Thakkar, ladies and gentlemen. I am delighted to be here in Forum of Free Enterprise to deliver the keynote address at this programme on FEMA for executives and professionals. The Forum of Free Enterprise has been engaged in educating public focusing special attention on the youth with a view to helping today’s younger generation to become good, responsible, active and well informed citizens of tomorrow. Towards that end stalwarts li
																
																
																
																
																
																
																
																
																
																		જાન્યુ 17,
																		2005
																		
																
																
																	
																		
																			Issues in Strengthening Commercial Paper Market
																		
																		
																			
																			
																	
																	
																
																
																					I am happy to be with you today in this seminar on "Issues in Strengthening Commercial Paper Market". I am sure the seminar will bring out issues, which would be useful in further strengthening the CP market. It is worth noting that during late the 1980s, call/notice market was virtually the only segment in Indian money market. Today, we have a variety of new instruments e.g., CD, CP, Treasury bills, repo and CBLO catering to the varied needs of market participants. W
																			
																			
																		
																	Smt. Shyamala Gopinath, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		I am happy to be with you today in this seminar on "Issues in Strengthening Commercial Paper Market". I am sure the seminar will bring out issues, which would be useful in further strengthening the CP market. It is worth noting that during late the 1980s, call/notice market was virtually the only segment in Indian money market. Today, we have a variety of new instruments e.g., CD, CP, Treasury bills, repo and CBLO catering to the varied needs of market participants. W
																
																
																
																
																
																
																
																
																
																		જાન્યુ 12,
																		2005
																		
																
																
																	
																		
																			Indian Economy : Current Status and Select Issues
																		
																		
																			
																			
																	
																	
																
																
																					Professor Parikh, Professor Radhakrishna and Friends, I am thankful to Professor Radhakrishna for giving me the opportunity to be here for the release of India Development Report 2004-05. The Report prepared by IGIDR, released today, is unique in several respects. It addresses contemporary policy issues unambiguously and is more issue-based than technique oriented. At the same time, it is based on thorough research with scholarly inputs. Being issue-oriented, the Repo
																			
																			
																		
																	Dr. Y. V. Reddy, 
																	Governor, Reserve Bank of India 
																
																
																		Professor Parikh, Professor Radhakrishna and Friends, I am thankful to Professor Radhakrishna for giving me the opportunity to be here for the release of India Development Report 2004-05. The Report prepared by IGIDR, released today, is unique in several respects. It addresses contemporary policy issues unambiguously and is more issue-based than technique oriented. At the same time, it is based on thorough research with scholarly inputs. Being issue-oriented, the Repo
																
																
																
																
																
																
																
																
																
																		જાન્યુ 08,
																		2005
																		
																
																
																	
																		
																			Investing in India: Challenges and Opportunities*
																		
																		
																			
																			
																	
																	
																
																
																					I am extremely happy to be here at the Pravasi Bharatiya Divas 2005. Whether in the spirit of the traditional Indian culture of Vasudaiva Kutumbakam, or in the context of a globalised world, I would not like to treat the Pravasi Bharatiyas as distant, but close to both our hearts and the economy. We are, of course, very proud of the achievements of the Indians settled abroad. It is, therefore, only befitting that the great Indian family should meet once a year. The to
																			
																			
																		
																	Smt. Shyamala Gopinath, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		I am extremely happy to be here at the Pravasi Bharatiya Divas 2005. Whether in the spirit of the traditional Indian culture of Vasudaiva Kutumbakam, or in the context of a globalised world, I would not like to treat the Pravasi Bharatiyas as distant, but close to both our hearts and the economy. We are, of course, very proud of the achievements of the Indians settled abroad. It is, therefore, only befitting that the great Indian family should meet once a year. The to
																
																
																
																
																
																
																
																
																
																		નવે 27,
																		2004
																		
																
																
																	
																		
																			Corporate Governance in Banks*
																		
																		
																			
																			
																	
																	
																
																
																					Let me at the outset commend the achievements of your bank in almost all the performance parameters. It is indeed heartening to see a well functioning and sound bank in the otherwise none too rosy co-operative sector. In fact, there could have been no better tribute to the memory of your great founder Sheth Shantaram Mangesh Kulkarni than to turn in a solid performance year after year, and also at the same time becoming a technologically savvy institution. I congratul
																			
																			
																		
																	Shri V. Leeladhar, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		Let me at the outset commend the achievements of your bank in almost all the performance parameters. It is indeed heartening to see a well functioning and sound bank in the otherwise none too rosy co-operative sector. In fact, there could have been no better tribute to the memory of your great founder Sheth Shantaram Mangesh Kulkarni than to turn in a solid performance year after year, and also at the same time becoming a technologically savvy institution. I congratul
																
																
																
																
																
																
																
																
																
																		નવે 16,
																		2004
																		
																
																
																	
																		
																			Rural Credit : Status and Agenda
																		
																		
																			
																			
																	
																	
																
																
																					Distinguished participants and guests, It is a privilege to be associated with the International Seminar in Honour of Professor CH. Hanumantha Rao. His valuable contributions as a member of the Board of Directors of RBI, my professional association with him for about three decades being a fellow Osmanian, and above all, my personal regard for him, make the participation in the inaugural session today a source of pride and pleasure for me. There is a wide-range of subj
																			
																			
																		
																	Dr. Y. V. Reddy, 
																	Governor, Reserve Bank of India 
																
																
																		Distinguished participants and guests, It is a privilege to be associated with the International Seminar in Honour of Professor CH. Hanumantha Rao. His valuable contributions as a member of the Board of Directors of RBI, my professional association with him for about three decades being a fellow Osmanian, and above all, my personal regard for him, make the participation in the inaugural session today a source of pride and pleasure for me. There is a wide-range of subj
																
																
																
																
																
																
																
																
																
																		નવે 10,
																		2004
																		
																
																
																	
																		
																			Banking Needs of a Global Economy - Keynote Address
																		
																		
																			
																			
																	
																	
																
																
																					Thank you. I am, as ever, delighted to be in India. I am only sorry that on this occasion my visit is so brief. I am here in Delhi specifically to attend your conference this morning. I was glad to have the opportunity to address such an important topic and I am grateful to the organizers for persisting with their invitation even when getting here did not seem logistically possible. As you can see, it was—just! A strong, well-functioning financial sector is crucial fo
																			
																			
																		
																	Anne O Krueger, 
																	First Deputy Managing Director 
																
																
																		Thank you. I am, as ever, delighted to be in India. I am only sorry that on this occasion my visit is so brief. I am here in Delhi specifically to attend your conference this morning. I was glad to have the opportunity to address such an important topic and I am grateful to the organizers for persisting with their invitation even when getting here did not seem logistically possible. As you can see, it was—just! A strong, well-functioning financial sector is crucial fo
																
																
																
																
																
																
																
																
																
																		નવે 10,
																		2004
																		
																
																
																	
																		
																			Corporate Governance: Towards Best Practices*
																		
																		
																			
																			
																	
																	
																
																
																					Corporate governance is increasingly demanding our attention and has moved centrestage. The Enron and WorldCom scandals in the U.S have amply demonstrated the necessity of having a system of corporate governance even in the developed world. In a liberalising and deregulating country like India, corporate governance is all the more important. In this context, it is indeed heartening to note that Bankers’ conference is devoting a full session on "corporate governance". 
																			
																			
																		
																	Smt. Shyamala Gopinath, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		Corporate governance is increasingly demanding our attention and has moved centrestage. The Enron and WorldCom scandals in the U.S have amply demonstrated the necessity of having a system of corporate governance even in the developed world. In a liberalising and deregulating country like India, corporate governance is all the more important. In this context, it is indeed heartening to note that Bankers’ conference is devoting a full session on "corporate governance". 
																
																
																
																
																
																
																
																
																
																		નવે 10,
																		2004
																		
																
																
																	
																		
																			Banking Sector in Global Perspective - Inaugural Address
																		
																		
																			
																			
																	
																	
																
																
																					Distinguished guests, Ladies and Gentlemen, It is indeed a pleasure and privilege to be amidst this august gathering of eminent bankers, experts and policymakers. Over the years, the Conference has evolved as an important forum for structured information sharing among not only delegates from the banking sector, but also experts from research institutions, credit rating agencies, international institutions and other financial sector bodies. The Bankers’ Conference, 200
																			
																			
																		
																	Dr. Y. V. Reddy, 
																	Governor, Reserve Bank of India 
																
																
																		Distinguished guests, Ladies and Gentlemen, It is indeed a pleasure and privilege to be amidst this august gathering of eminent bankers, experts and policymakers. Over the years, the Conference has evolved as an important forum for structured information sharing among not only delegates from the banking sector, but also experts from research institutions, credit rating agencies, international institutions and other financial sector bodies. The Bankers’ Conference, 200
																
																
																
																
																
																
																
																
																
																		સપ્ટે 30,
																		2004
																		
																
																
																	
																		
																			Fiscal Challenges of Population Ageing: The Asian Experience
																		
																		
																			
																			
																	
																	
																
																
																					I. Introduction One of the most critical demographic events in the world today is population ageing i.e., the process by which the share of older individuals in the total population starts becoming larger. The ageing phenomenon, which has been initially experienced by developed countries, is now steadily approaching the developing world. Projections show that over the next five decades, world median age will continue to increase, resulting in enhanced old age dependen
																			
																			
																		
																	Dr. Rakesh Mohan, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		I. Introduction One of the most critical demographic events in the world today is population ageing i.e., the process by which the share of older individuals in the total population starts becoming larger. The ageing phenomenon, which has been initially experienced by developed countries, is now steadily approaching the developing world. Projections show that over the next five decades, world median age will continue to increase, resulting in enhanced old age dependen
																
																
																
																
																
																
																
																
																
																		સપ્ટે 25,
																		2004
																		
																
																
																	
																		
																			Indian Investments Abroad: Current Policy and Trends governing Indian Investments Abroad
																		
																		
																			
																			
																	
																	
																
																
																					Presentation(Powerpoint) by Smt. Shyamala Gopinath at a Seminar in Mumbai
																			
																			
																		
																	Smt. Shyamala Gopinath, 
																	Deputy Governor, Reserve Bank of India 
																
																
																		Presentation(Powerpoint) by Smt. Shyamala Gopinath at a Seminar in Mumbai
																
																
																
																
																
																
																
																
																
																		સપ્ટે 20,
																		2004
																		
																
																
																	
																		
																			First P. R. Brahmananda Memorial Lecture
																		
																		
																			
																			
																					
																			
																		
																	
																	
																
																Welcome Speech by Dr. Y.V.Reddy, Governor, RBIPDF First Brahmananda Memorial Lecture by Lord Meghnad Desai PDF Presidential Speech by Dr. I. G. Patel PDF Vote of Thanks by Dr. Rakesh Mohan, Deputy Governor, RBI PDF
																	Lord Meghnad Desai, 
																	
																
																Welcome Speech by Dr. Y.V.Reddy, Governor, RBIPDF First Brahmananda Memorial Lecture by Lord Meghnad Desai PDF Presidential Speech by Dr. I. G. Patel PDF Vote of Thanks by Dr. Rakesh Mohan, Deputy Governor, RBI PDF
																		સપ્ટે 16,
																		2004
																		
																
																
																	
																		
																			Financial Sector Reforms in India: Policies and Performance Analysis*
																		
																		
																			
																			
																			
																			
																		
																	
																	
																
																
																	Dr. Rakesh Mohan, 
																	Deputy Governor, Reserve Bank of India 
																
																પેજની છેલ્લી અપડેટની તારીખ:
 
					 
					 
	 
									
								 
                                                     
                                                     
                                
                          
                           
                            