भाषण और मीडिया से वार्तालाप

Principal, NIBM, Dr Partha Ray, Members of Faculty, my colleagues from the Reserve Bank of India, and most importantly, our promising future bankers from the PGDM Batch of 2025-27. A very good evening to all of you.

Chairmen and Directors of Urban Cooperative Banks; Shri Jaikish, Principal of the College of Agricultural Banking; my colleagues from the Reserve Bank of India; ladies and gentlemen - a very good afternoon to all of you.

Distinguished guests, participants, colleagues, Ladies and Gentlemen, Let me at the outset thank the organisers for having me here to share my thoughts on this important topic. Climate risks and green infrastructure financing, as a catalyst for achieving net-zero emissions, has to move over time from the margins of policymaking to the heart of global and national agenda and occasions such as these should help in this endeavour.

Ladies and gentlemen, Good Morning. At the outset, let me thank the organisers for inviting me to deliver the keynote address at this milestone event and congratulate Trans Union CIBIL (TU CIBIL) on its 25th anniversary. Credit reporting and TU CIBIL have grown together in India and the company has made a significant contribution in expanding the footprint of credit reporting in the country.

1. Chairman of the Board of Governors, Director of the Institute, Prof and Padma Shree Manindra Agrawal, winner of numerous awards, who was my senior here and who I hold in very high esteem, faculty members, staff, proud parents, family and friends of the graduating students, distinguished guests, and my dear graduating students, alumni, ladies and gentlemen.

At the outset, I would like to thank the organisers for inviting me to this 17th edition of the Mint BFSI Summit & Awards. I am delighted to get this opportunity to engage with you during this event. As a regulator for banks and non-banking financial companies (NBFCs), I thought this could be an occasion to reflect on a less debated area for the regulated entities - their liabilities management and the challenges. In flagging the mismatch between deposit and credit growth, Governor Das had previously drawn our attention to the rising challenge in this area. So, I thought of wading in with a few thoughts for your consideration.

Distinguished Guests, Ladies, and Gentlemen, Good Morning. Let me, at the outset, thank the organisers for inviting me here to share my thoughts on climate change, one of the most critical issues we face, not just as individuals, but as the collective global community. 2. As per the latest report from the Copernicus Climate Change Service’s , the year 2024 will be the warmest year in the ERA5 reanalysis dataset, going back to 1940. This was also estimated to be the second-warmest October globally, after October 2023 with the average temperatures 1.65ºC above the pre-industrial level while also marking it the 15th month in a 16-month period where average temperatures were above the 1.5ºC threshold set by the Paris Agreement. Thus, the writing on the wall seems to tell us that unless we collectively take strong action, a grim future lies ahead. The recent tragic events, be it in Valencia, Spain, Wayanad, Kerala, or back-to-back hurricanes in USA, are stark reminders of the perils of climate change that the world at large is exposed to. It impacts our day-to-day lives in one form or other be it through heavy rainfall, flash floods, cyclones, droughts, melting of glaciers, loss of biodiversity, etc., and that too with increased frequency and severity. There can be no doubt therefore that climate change is going to be a major risk for the financial system, economy, and society at large with risks of severe catastrophic events putting at stake our very survival.

नमस्कार, ऑस्ट्रेलियन फाइनेंशियल कंप्लेंट्स अथॉरिटी (एएफसीए), ऑस्ट्रेलिया के सीईओ और मुख्य ओम्बड्समैन श्री डेविड लॉक, उप गवर्नर, आरबीआई श्री एम के जैन, कार्यपालक निदेशक, श्री अनिल कुमार शर्मा और श्री एस सी मुर्मू , बैंकों और एनबीएफसी के प्रबंध निदेशक और मुख्य कार्यकारी अधिकारी, श्री गौर गोपाल दास, प्रोफेसर एम एस श्रीराम, ओम्बड्समैन और भारतीय रिज़र्व बैंक के मेरे साथियों। 1. आरबीआई ओम्बड्समैन के इस वार्षिक सम्मेलन, जो कोविड-19 महामारी के कारण तीन वर्ष बाद आयोजित किया जा रहा है, में आप सभी को संबोधित करते हुए मुझे हर्ष का अनुभव हो रहा है। जहाँ एक ओर महामारी ने अपने पीछे कई निशान छोड़े हैं, मुझे कुछ उम्मीद की किरणें दिखाई देती हैं। विशेष रूप से, महामारी के कारण डिजिटलीकरण की दिशा में तेजी आई है और इसने वित्तीय सेवाओं के प्रौद्योगिकी संचालित परिवर्तनों को उत्प्रेरित किया है।