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जुलाई 03, 2023
मौद्रिक नीति कार्य में सांख्यिकी की महत्वपूर्ण भूमिका - माइकल देबब्रत पात्र

Namaskar and Good Afternoon! Our eminent chief guest Professor S R S Varadhan, Frank Jay Gould Professor of Science, New York University and recipient of the Padma Vibhushan, Professor Rajeeva L. Karandikar, Chairman, National Statistical Commission – we eagerly await his keynote address -, Professor G. Sivakumar, Professor, Computer Science, Indian Institute of Technology, Bombay, whose guidance has been illuminating the voyage of CIMS from an idea to reality, distin

डॉ. माइकल देबब्रत पात्र, उप गवर्नर, भारतीय रिज़र्व बैंक

Namaskar and Good Afternoon! Our eminent chief guest Professor S R S Varadhan, Frank Jay Gould Professor of Science, New York University and recipient of the Padma Vibhushan, Professor Rajeeva L. Karandikar, Chairman, National Statistical Commission – we eagerly await his keynote address -, Professor G. Sivakumar, Professor, Computer Science, Indian Institute of Technology, Bombay, whose guidance has been illuminating the voyage of CIMS from an idea to reality, distin

जून 30, 2023
17वें सांख्यिकी दिवस सम्मेलन के अवसर पर उद्घाटन भाषण - शक्तिकान्त दास
I am happy to participate in the 17th annual ‘Statistics Day Conference’ of the Reserve Bank, and also to launch the ‘Centralised Information Management System’ or CIMS, which is our next generation data warehouse. Over two decades ago, the Reserve Bank was among the pioneer central banks to set up its data warehouse. Considering the developments during the interregnum, it is natural that we migrate to a new platform with a more enriched orientation. 2. Celebration of
श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक
I am happy to participate in the 17th annual ‘Statistics Day Conference’ of the Reserve Bank, and also to launch the ‘Centralised Information Management System’ or CIMS, which is our next generation data warehouse. Over two decades ago, the Reserve Bank was among the pioneer central banks to set up its data warehouse. Considering the developments during the interregnum, it is natural that we migrate to a new platform with a more enriched orientation. 2. Celebration of
जून 15, 2023
बैंकिंग पर्यवेक्षण पर कुछ दृष्टिकोण - एम के जैन
Mr. Mangal Goswami, Executive Director, SEACEN Centre, Mr. Raihan Zamil, Senior Advisor, Financial Stability Institute, Directors of Supervision of Asia-Pacific Economies, Ladies and gentlemen. A very good morning to all of you. The Reserve Bank is delighted to host this Conference of Directors of Supervision. SEACEN Research and Training Centre and FSI have curated an excellent line-up of topics that are both timely and pertinent, covering key banking risks in the As
श्री एम के जैन, उप गवर्नर, भारतीय रिज़र्व बैंक
Mr. Mangal Goswami, Executive Director, SEACEN Centre, Mr. Raihan Zamil, Senior Advisor, Financial Stability Institute, Directors of Supervision of Asia-Pacific Economies, Ladies and gentlemen. A very good morning to all of you. The Reserve Bank is delighted to host this Conference of Directors of Supervision. SEACEN Research and Training Centre and FSI have curated an excellent line-up of topics that are both timely and pertinent, covering key banking risks in the As
जून 13, 2023
अनिश्चितता के समय में केंद्रीय बैंकिंग: भारतीय अनुभव - शक्तिकान्त दास

In recent times, especially since the outbreak of the COVID-19 pandemic, central banks – who are at the core of monetary and financial systems – have been called to do “heavy lifting” well beyond their traditional mandate. Central banks have navigated through unchartered waters during the three black swan events – the pandemic, the war in Ukraine and the unprecedented scale and pace of global monetary policy normalisation – all in the span of three years. More recentl

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

In recent times, especially since the outbreak of the COVID-19 pandemic, central banks – who are at the core of monetary and financial systems – have been called to do “heavy lifting” well beyond their traditional mandate. Central banks have navigated through unchartered waters during the three black swan events – the pandemic, the war in Ukraine and the unprecedented scale and pace of global monetary policy normalisation – all in the span of three years. More recentl

जून 11, 2023
उत्पादकता: प्रगति का वादा - माइकल देवब्रत पात्र
I. Introduction Good evening! I welcome you all to the sixth Asia KLEMS Conference, to India and to the Reserve Bank of India, henceforth RBI. We are honoured to host this conference in physical mode after the arduous isolation imposed by the pandemic. The hill town of Lonavala, an ancient resting place for travellers and traders, is nestled in India’s soon-to-be monsoon-drenched western ghats – a chain of mountains running 30 to 50 km inland parallel to India’s west
डॉ. माइकल देवब्रत पात्र, उप गवर्नर, भारतीय रिज़र्व बैंक
I. Introduction Good evening! I welcome you all to the sixth Asia KLEMS Conference, to India and to the Reserve Bank of India, henceforth RBI. We are honoured to host this conference in physical mode after the arduous isolation imposed by the pandemic. The hill town of Lonavala, an ancient resting place for travellers and traders, is nestled in India’s soon-to-be monsoon-drenched western ghats – a chain of mountains running 30 to 50 km inland parallel to India’s west
जून 05, 2023
बैंकों में अभिशासन: सतत संवृद्धि और स्थिरता को बढ़ावा देना - एम. राजेश्वर राव

Governor Shri Das, Deputy Governor Shri Jain, EDs, Chairmen, MDs, distinguished members of the Board, my colleagues from RBI, ladies, and gentlemen, I am glad to be amongst you today on this occasion to engage with you on a topic that the Reserve Bank considers of the utmost importance. Governance in banks is a focus area of RBI’s regulatory and supervisory efforts. To ensure there is alignment between the regulator and stakeholders’ perspectives, encourage free and f

श्री एम. राजेश्वर राव, उप गवर्नर, भारतीय रिज़र्व बैंक

Governor Shri Das, Deputy Governor Shri Jain, EDs, Chairmen, MDs, distinguished members of the Board, my colleagues from RBI, ladies, and gentlemen, I am glad to be amongst you today on this occasion to engage with you on a topic that the Reserve Bank considers of the utmost importance. Governance in banks is a focus area of RBI’s regulatory and supervisory efforts. To ensure there is alignment between the regulator and stakeholders’ perspectives, encourage free and f

जून 05, 2023
निरापद वित्तीय प्रणाली के लिए साइबर सुरक्षा - एम के जैन
Dr. Sanjay Bahl, Director General of Computer Emergency Response Team – In (CERT-In), distinguished guests from the IMF, the BIS, delegates from other central banks and CERTs, MDs/CEOs of banks from India and their team members, global CISOs and CTOs of foreign banks, my colleagues from RBI, ladies and gentlemen. Good morning to all of you. 2. I thank all of you for joining us for this important event to deliberate upon the critical area of cyber security that has bec
श्री एम के जैन, उप गवर्नर, भारतीय रिज़र्व बैंक
Dr. Sanjay Bahl, Director General of Computer Emergency Response Team – In (CERT-In), distinguished guests from the IMF, the BIS, delegates from other central banks and CERTs, MDs/CEOs of banks from India and their team members, global CISOs and CTOs of foreign banks, my colleagues from RBI, ladies and gentlemen. Good morning to all of you. 2. I thank all of you for joining us for this important event to deliberate upon the critical area of cyber security that has bec
मई 31, 2023
बैंकों में अभिशासन: धारणीय संवृद्धि और स्थिरता को बढ़ावा देना - एम के जैन
Governor, Deputy Governor Shri M R Rao, colleagues from the RBI and distinguished directors of banks. Good morning. It is indeed an honour to be here to discuss a topic of utmost importance: Governance in Banks – Driving Sustainable Growth and Stability. You are seasoned professionals with expertise in your domains. Today, I intend to share some insights from my experience both as a practitioner as well as supervisor. 2. We had three key objectives in mind for holding
श्री एम के जैन, उप गवर्नर, भारतीय रिज़र्व बैंक
Governor, Deputy Governor Shri M R Rao, colleagues from the RBI and distinguished directors of banks. Good morning. It is indeed an honour to be here to discuss a topic of utmost importance: Governance in Banks – Driving Sustainable Growth and Stability. You are seasoned professionals with expertise in your domains. Today, I intend to share some insights from my experience both as a practitioner as well as supervisor. 2. We had three key objectives in mind for holding
मई 29, 2023
बैंकों में अभिशासन : टिकाऊ संवृद्धि और स्थिरता के लिए आवश्यक - शक्तिकान्त दास

I am very happy to be here in this maiden Conference of the Directors in the Boards of Banks organised by the Reserve Bank of India. At the outset, I would like to acknowledge the key role played by the Banks in the process of economic development of our country. Over the years and especially in the recent period, Banks have been able to maintain financial and operational resilience in the face of extreme stress originating from the COVID-19 pandemic, the continuing w

श्री शक्तिकान्त दास, उप गवर्नर, भारतीय रिज़र्व बैंक

I am very happy to be here in this maiden Conference of the Directors in the Boards of Banks organised by the Reserve Bank of India. At the outset, I would like to acknowledge the key role played by the Banks in the process of economic development of our country. Over the years and especially in the recent period, Banks have been able to maintain financial and operational resilience in the face of extreme stress originating from the COVID-19 pandemic, the continuing w

मई 10, 2023
भारत के युग का उदय - माइकल देबब्रत पात्र

Dr. Basanta Kumar Pradhan, Director, Indira Gandhi Institute of Development Research or IGIDR, Prof Subrata Sarkar, Convenor of the Conference Committee, Faculty Members of IGIDR, Distinguished Alumni of the Institute, Ladies and Gentlemen, Namaskar and Good Afternoon! I am deeply honoured to be invited to inaugurate the IGIDR Alumni Conference which, perhaps for the first time, brings together former students, current students and faculty under the mantle of the alma

डॉ. माइकल देबब्रत पात्र, गवर्नर, भारतीय रिज़र्व बैंक

Dr. Basanta Kumar Pradhan, Director, Indira Gandhi Institute of Development Research or IGIDR, Prof Subrata Sarkar, Convenor of the Conference Committee, Faculty Members of IGIDR, Distinguished Alumni of the Institute, Ladies and Gentlemen, Namaskar and Good Afternoon! I am deeply honoured to be invited to inaugurate the IGIDR Alumni Conference which, perhaps for the first time, brings together former students, current students and faculty under the mantle of the alma

अप्रैल 27, 2023
भारतीय वित्तीय प्रणाली के लिए सुदृढ़ भविष्य का निर्माण - शक्तिकान्त दास

I am very happy to be here among researchers and practitioners to participate in the Global Conference on Financial Resilience organised by the College of Supervisors of the Reserve Bank of India. I would like to convey my appreciations to the College of Supervisors (CoS) for organising this conference. I also congratulate the CoS for its accomplishments over the last two years. 2. In the context of the overall impact of the COVID-19 pandemic, the war in Ukraine and t

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

I am very happy to be here among researchers and practitioners to participate in the Global Conference on Financial Resilience organised by the College of Supervisors of the Reserve Bank of India. I would like to convey my appreciations to the College of Supervisors (CoS) for organising this conference. I also congratulate the CoS for its accomplishments over the last two years. 2. In the context of the overall impact of the COVID-19 pandemic, the war in Ukraine and t

अप्रैल 03, 2023
विकसित भारत के लिए एक सहायक के रूप में वित्तीय क्षेत्र - एम. राजेश्वर राव

A very good evening to all of you. It is indeed a pleasure to be here and participate in the 31st annual management convention of Thrissur Management Association. As Socrates once said, "The only true wisdom is in knowing you know nothing." Little did we know, three years back, that we would face one of the greatest challenges of our lifetime - a pandemic that would upend our daily lives and force us to navigate through unknown, unforeseen, and unanticipated turbulenc

श्री एम. राजेश्वर राव, उप गवर्नर, भारतीय रिज़र्व बैंक

A very good evening to all of you. It is indeed a pleasure to be here and participate in the 31st annual management convention of Thrissur Management Association. As Socrates once said, "The only true wisdom is in knowing you know nothing." Little did we know, three years back, that we would face one of the greatest challenges of our lifetime - a pandemic that would upend our daily lives and force us to navigate through unknown, unforeseen, and unanticipated turbulenc

मार्च 18, 2023
भुगतान प्रणाली ऑपरेटर (पीएसओ) सम्मेलन में उद्घाटन भाषण - शक्तिकान्त दास

I am delighted to be here at the first Payment System Operators’ (PSO) Conference being organised by the Department of Payment & Settlement Systems (DPSS) of the RBI. It is indeed a matter of pride that the Indian payment systems have been globally recognised as best-in-class and future ready. It is the combined effort of all the PSOs, the Government and the Reserve Bank that has made India a shining star in global payments space. The Reserve Bank acknowledges the

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

I am delighted to be here at the first Payment System Operators’ (PSO) Conference being organised by the Department of Payment & Settlement Systems (DPSS) of the RBI. It is indeed a matter of pride that the Indian payment systems have been globally recognised as best-in-class and future ready. It is the combined effort of all the PSOs, the Government and the Reserve Bank that has made India a shining star in global payments space. The Reserve Bank acknowledges the

मार्च 17, 2023
भारत की अध्यक्षता के दौरान एक बेहतर वैश्विक आर्थिक व्यवस्था के लिए जी-20: - शक्तिकान्त दास

I am delighted to have been invited by Federal Bank to deliver the K P Hormis Commemorative Lecture today. Late Shri K P Hormis, the founder of the Federal Bank, was a great institution builder who recognised early the critical role of entrepreneurs in an economy, the importance of banks in providing finance, particularly to small scale entrepreneurs, and the need for prudence in banking business to preserve financial stability. 2. Despite the multiple and overlapping

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

I am delighted to have been invited by Federal Bank to deliver the K P Hormis Commemorative Lecture today. Late Shri K P Hormis, the founder of the Federal Bank, was a great institution builder who recognised early the critical role of entrepreneurs in an economy, the importance of banks in providing finance, particularly to small scale entrepreneurs, and the need for prudence in banking business to preserve financial stability. 2. Despite the multiple and overlapping

मार्च 10, 2023
भारत में फिनटेक क्रांति - नवोन्मेष, समावेशन और विनियमन - एम के जैन

Shri Injeti Srinivas (Chairperson, IFSCA), Shri B. P. Kanungo (Director, CAFRAL), faculty members of IIM Ahmedabad and CAFRAL, and distinguished participants of this conference, a warm greeting to you all! 1. I am delighted to be present here at this International Research Conference on FinTech. The theme on ‘Innovation, Inclusion, and Regulation’ in the context of the FinTech Revolution in India is indeed very topical and relevant to the times we live in. 2. New tech

श्री एम के जैन, उप गवर्नर, भारतीय रिज़र्व बैंक

Shri Injeti Srinivas (Chairperson, IFSCA), Shri B. P. Kanungo (Director, CAFRAL), faculty members of IIM Ahmedabad and CAFRAL, and distinguished participants of this conference, a warm greeting to you all! 1. I am delighted to be present here at this International Research Conference on FinTech. The theme on ‘Innovation, Inclusion, and Regulation’ in the context of the FinTech Revolution in India is indeed very topical and relevant to the times we live in. 2. New tech

मार्च 09, 2023
वित्तीय बाज़ारों में स्व-विनियमन - अतीत और भविष्य - एम राजेश्वर राव

1. A very good morning to all of you. It is indeed a pleasure to be here amidst all of you today at the 17th annual conference of FEDAI. These annual events of FEDAI provide an excellent opportunity for the exchange of ideas and thoughts among the foreign exchange market participants and I am sure this one will be no exception. 2. Today, as I speak to the market veterans assembled here in Cairo, it strikes me that it is fitting perhaps that this conference is being he

श्री एम राजेश्वर राव, उप गवर्नर, भारतीय रिज़र्व बैंक

1. A very good morning to all of you. It is indeed a pleasure to be here amidst all of you today at the 17th annual conference of FEDAI. These annual events of FEDAI provide an excellent opportunity for the exchange of ideas and thoughts among the foreign exchange market participants and I am sure this one will be no exception. 2. Today, as I speak to the market veterans assembled here in Cairo, it strikes me that it is fitting perhaps that this conference is being he

मार्च 06, 2023
मिशन ‘हर पेमेंट डिजिटल’ का शुभारंभ - शक्तिकान्त दास

1. The Launching of Mission ‘Har Payment Digital’ today during the Digital Payments Awareness Week (DPAW) 2023 reinforces RBI’s commitment to deepen digital payments in the country. 2. I am happy to note that the Department of Payment and Settlement Systems (DPSS) of the RBI is celebrating its 18th anniversary (it was formed on March 7, 2005). Congratulations to team DPSS on this milestone. Over the years our payment systems have evolved and now we have multiple syste

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

1. The Launching of Mission ‘Har Payment Digital’ today during the Digital Payments Awareness Week (DPAW) 2023 reinforces RBI’s commitment to deepen digital payments in the country. 2. I am happy to note that the Department of Payment and Settlement Systems (DPSS) of the RBI is celebrating its 18th anniversary (it was formed on March 7, 2005). Congratulations to team DPSS on this milestone. Over the years our payment systems have evolved and now we have multiple syste

जनवरी 27, 2023
भारत में वित्तीय बाजार: स्थिरता और विकास की यात्रा - शक्तिकान्त दास

It is my pleasure to be part of the Annual FIMMDA1-PDAI2 Conference today. I would like to place on record the Reserve Bank’s appreciation of the critical role played by FIMMDA and PDAI in the development of financial markets in India over the years, and more recently, in partnering with the RBI in guiding the markets and the economy through the turbulent times of COVID-19, the war in Ukraine and the turmoil in financial markets. 2. Today, as I speak before keen marke

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

It is my pleasure to be part of the Annual FIMMDA1-PDAI2 Conference today. I would like to place on record the Reserve Bank’s appreciation of the critical role played by FIMMDA and PDAI in the development of financial markets in India over the years, and more recently, in partnering with the RBI in guiding the markets and the economy through the turbulent times of COVID-19, the war in Ukraine and the turmoil in financial markets. 2. Today, as I speak before keen marke

जनवरी 06, 2023
दक्षिण एशिया की वर्तमान समष्टि-आर्थिक चुनौतियां और नीतिगत प्राथमिकताएं - शक्तिकान्त दास
I am delighted to have been invited by the IMF to join this distinguished gathering here today to discuss pathways to resilient, sustainable and inclusive growth in South Asia. I am happy to note that the conference proceedings will be anchored by the research findings and policy recommendations of the book titled “South Asia’s Path to Resilient Growth”. In the current international setting, global trade and growth outlook appear uninspiring, and policies have to be c
श्री  शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक
I am delighted to have been invited by the IMF to join this distinguished gathering here today to discuss pathways to resilient, sustainable and inclusive growth in South Asia. I am happy to note that the conference proceedings will be anchored by the research findings and policy recommendations of the book titled “South Asia’s Path to Resilient Growth”. In the current international setting, global trade and growth outlook appear uninspiring, and policies have to be c
दिसंबर 27, 2022
फिनटेक और विनियमन - टी. रबी शंकर

1. Year-ends are usually a time for introspection and 2022 clearly offers a lot of food for thought. On the bright side, humanity seems to be finally putting the horrors of Covid behind it. The rest of the story is not so bright. The specter of war and geopolitical tension has reared its head again. We were told in the late 1990s that business cycles were dead and inflation has been conquered. After the financial crisis in advanced economies, the focus shifted to defl

श्री टी. रबी शंकर, उप गवर्नर, भारतीय रिज़र्व बैंक

1. Year-ends are usually a time for introspection and 2022 clearly offers a lot of food for thought. On the bright side, humanity seems to be finally putting the horrors of Covid behind it. The rest of the story is not so bright. The specter of war and geopolitical tension has reared its head again. We were told in the late 1990s that business cycles were dead and inflation has been conquered. After the financial crisis in advanced economies, the focus shifted to defl

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