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नवंबर 26, 2020
भारत में वित्तीय बाजार सुधारों को गति देना - शक्तिकान्त दास

1. I wish to thank FEDAI for inviting me on the occasion of their 4th Annual Day. This is an opportune moment to look back and reflect on the developments of the last one year in financial markets and, in particular, the foreign exchange markets. The year 2020 has been one like never before. Faced with an unknown crisis which brought the global economy to a sudden stop, recent policy discourse has been dominated, and rightly so, by the impact of the pandemic. Despite

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

1. I wish to thank FEDAI for inviting me on the occasion of their 4th Annual Day. This is an opportune moment to look back and reflect on the developments of the last one year in financial markets and, in particular, the foreign exchange markets. The year 2020 has been one like never before. Faced with an unknown crisis which brought the global economy to a sudden stop, recent policy discourse has been dominated, and rightly so, by the impact of the pandemic. Despite

नवंबर 06, 2020
एनबीएफसी विनियमन – भविष्य पर विचार - एम. राजेश्वर राव
Dr. Charan Singh, Shri Deepak Sood, Shri Ramesh Iyer, Shri Vineet Agarwal, Shri S. Ramann, Shri Sunil Kanoria, Shri Raman Agarwal, Ladies and Gentlemen, I thank the Associated Chambers of Commerce and Industry of India for this very kind invitation to address the ‘National E-Summit on Non-Banking Finance Companies’- with the theme “Stability and sustainability of Financial Sector”. 2. At this juncture, NBFC sector is passing through a critical phase. Recent failures o
श्री एम.राजेश्वर राव, उप गवर्नर, भारतीय रिज़र्व बैंक
Dr. Charan Singh, Shri Deepak Sood, Shri Ramesh Iyer, Shri Vineet Agarwal, Shri S. Ramann, Shri Sunil Kanoria, Shri Raman Agarwal, Ladies and Gentlemen, I thank the Associated Chambers of Commerce and Industry of India for this very kind invitation to address the ‘National E-Summit on Non-Banking Finance Companies’- with the theme “Stability and sustainability of Financial Sector”. 2. At this juncture, NBFC sector is passing through a critical phase. Recent failures o
सितंबर 16, 2020
कौन सी शक्तियाँ समुत्थान का वाहक बन सकती हैं? - शक्तिकान्त दास
Thank you for this opportunity to interact with eminent business leaders of India and distinguished members of the FICCI. I wish to thank the organisers for hosting this event, undeterred by this still unfolding pandemic that, on a daily basis, tests our resilience and capacity to save lives, households, businesses and the economy. 2. The end-August press release of the National Statistics Office (NSO) was a telling reflection of the ravages of COVID-19. Nevertheless,
श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक
Thank you for this opportunity to interact with eminent business leaders of India and distinguished members of the FICCI. I wish to thank the organisers for hosting this event, undeterred by this still unfolding pandemic that, on a daily basis, tests our resilience and capacity to save lives, households, businesses and the economy. 2. The end-August press release of the National Statistics Office (NSO) was a telling reflection of the ravages of COVID-19. Nevertheless,
अगस्त 27, 2020
बैंकों के लिए गहरे आत्ममंथन का समय: कोविड के बाद बैंकों का पुनरभिमुखीकरण - शक्तिकान्त दास

1. The COVID-19 pandemic still continues to keep the world on the edge. The pandemic has so far infected more than 2.3 crore people and has claimed more than 8 lakh lives worldwide. The world is struggling to find a vaccine and/or a cure to the deadly virus. In India also the spread of pandemic continues unabated, though the fatality rate is much lower. 2. As the pandemic ravages on, the economic impact is hard to measure. While there are green shoots and some busines

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

1. The COVID-19 pandemic still continues to keep the world on the edge. The pandemic has so far infected more than 2.3 crore people and has claimed more than 8 lakh lives worldwide. The world is struggling to find a vaccine and/or a cure to the deadly virus. In India also the spread of pandemic continues unabated, though the fatality rate is much lower. 2. As the pandemic ravages on, the economic impact is hard to measure. While there are green shoots and some busines

जुलाई 27, 2020
क्या भारतीय अर्थव्यवस्था में गतिमान परिवर्तन हो रहे हैं?- शक्तिकान्त दास
Thank you for having me in this interaction with members of the National Council of the Confederation of Indian Industry (CII). I am pleased to note that the CII has realigned its functioning and thought processes around a new theme for 2020-21 – Building India for New World: Lives, Livelihood, Growth – under the able and visionary leadership of Shri Uday Kotak, Shri T V Narendran, Shri Sanjiv Bajaj, Shri Chandrajit Banerjee and other eminent members. 2. Currently, CO
श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक
Thank you for having me in this interaction with members of the National Council of the Confederation of Indian Industry (CII). I am pleased to note that the CII has realigned its functioning and thought processes around a new theme for 2020-21 – Building India for New World: Lives, Livelihood, Growth – under the able and visionary leadership of Shri Uday Kotak, Shri T V Narendran, Shri Sanjiv Bajaj, Shri Chandrajit Banerjee and other eminent members. 2. Currently, CO
जुलाई 11, 2020
भारतीय अर्थव्यवस्था निर्णायक मोड़ पर: वित्तीय स्थिरता की दृष्टि से विवेचन – शक्तिकान्त दास

A very warm good morning to you all. I wish to thank the State Bank of India for inviting me to deliver the keynote address today. I sincerely appreciate the efforts of the organising team in putting together this virtual conference which has now become a new normal. Banks and other financial entities are today at the forefront of the country’s counter measures against the economic impact of COVID-19. They are the transmission channels for RBI’s monetary, regulatory a

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

A very warm good morning to you all. I wish to thank the State Bank of India for inviting me to deliver the keynote address today. I sincerely appreciate the efforts of the organising team in putting together this virtual conference which has now become a new normal. Banks and other financial entities are today at the forefront of the country’s counter measures against the economic impact of COVID-19. They are the transmission channels for RBI’s monetary, regulatory a

मार्च 06, 2020
सूक्ष्म, लघु और मध्यम उद्यम: चुनौतिया और भावी दिशा - शक्तिकान्त दास
At the outset, I wish to thank ASSOCHAM for inviting me to their 15th Annual Banking Summit. More so because this is ASSOCHAM’s centenary year. It is a remarkable accomplishment and I extend warm greetings to all those associated with ASSOCHAM. Over the years, ASSOCHAM has transformed itself into a forceful, proactive, forward-looking organisation to meet the aspirations of Indian business. I am certain that ASSOCHAM’s journey towards excellence will continue. 2. In a
श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक
At the outset, I wish to thank ASSOCHAM for inviting me to their 15th Annual Banking Summit. More so because this is ASSOCHAM’s centenary year. It is a remarkable accomplishment and I extend warm greetings to all those associated with ASSOCHAM. Over the years, ASSOCHAM has transformed itself into a forceful, proactive, forward-looking organisation to meet the aspirations of Indian business. I am certain that ASSOCHAM’s journey towards excellence will continue. 2. In a
फ़रवरी 24, 2020
21 वीं सदी में बैंकिग परिदृश्य - शक्तिकान्त दास

It is indeed a matter of great pleasure for me to be here today in the Annual Banking Conclave of the Mint. I am told that this is the 13th edition of Conclave in what has become a prestigious annual event attracting the best and brightest minds of the finance and banking industry. This Conclave provides an important platform to all stakeholders in India’s financial and banking sector for assessing where we stand today and preparing ourselves for where we want to reac

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

It is indeed a matter of great pleasure for me to be here today in the Annual Banking Conclave of the Mint. I am told that this is the 13th edition of Conclave in what has become a prestigious annual event attracting the best and brightest minds of the finance and banking industry. This Conclave provides an important platform to all stakeholders in India’s financial and banking sector for assessing where we stand today and preparing ourselves for where we want to reac

फ़रवरी 12, 2020
एनआईबीएम स्वर्णजयंती समारोह माननीय राष्ट्रपति - श्री राम नाथ कोविंद
ADDRESS BY THE HON’BLE PRESIDENT OF INDIA SHRI RAM NATH KOVIND AT THE GOLDEN JUBILEE CELEBRATIONS OF THE NATIONAL INSTITUTE OF BANK MANAGEMENT Pune, February 12, 2020 Governor of Maharashtra, Shri Bhagat Singh Koshyari Governor, Reserve Bank of India, Shri Shaktikanta Das Director, National Institute of Bank Management, Doctor K. L. Dhingra Members of Governing Board, Students, Faculty and other Staff members Distinguished Guests Ladies and Gentlemen 1. It gives me im
श्री राम नाथ कोविंद, राष्ट्रपति
ADDRESS BY THE HON’BLE PRESIDENT OF INDIA SHRI RAM NATH KOVIND AT THE GOLDEN JUBILEE CELEBRATIONS OF THE NATIONAL INSTITUTE OF BANK MANAGEMENT Pune, February 12, 2020 Governor of Maharashtra, Shri Bhagat Singh Koshyari Governor, Reserve Bank of India, Shri Shaktikanta Das Director, National Institute of Bank Management, Doctor K. L. Dhingra Members of Governing Board, Students, Faculty and other Staff members Distinguished Guests Ladies and Gentlemen 1. It gives me im
जनवरी 24, 2020
भारत की मौद्रिक नीति के सात यगु - शक्तिकान्त दास
I am delighted to be back in my alma mater. Being here, brings back a surge of memories. Today, I wish to dwell upon a few aspects of central banking in the Indian context and RBI’s role in the current situation. I shall specifically focus on the evolution of monetary policy regimes in India and if I am to use the poetic license of Shakespeare, may I call it the seven ages of India’s monetary policy? 2. The history of central banking goes back to the seventeenth centu
श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक
I am delighted to be back in my alma mater. Being here, brings back a surge of memories. Today, I wish to dwell upon a few aspects of central banking in the Indian context and RBI’s role in the current situation. I shall specifically focus on the evolution of monetary policy regimes in India and if I am to use the poetic license of Shakespeare, may I call it the seven ages of India’s monetary policy? 2. The history of central banking goes back to the seventeenth centu
जनवरी 07, 2020
भारत में समावेशी विकास की ओर यात्रा - शक्तिकान्त दास

On behalf of the Reserve Bank of India, I am delighted to welcome Mr. Tharman Shanmugaratnam to deliver the Professor Suresh Tendulkar Memorial Lecture, the third in the series. We are also deeply honoured to have Smt. Sunetra Tendulkar, the wife of late Professor Tendulkar and his daughter Smt. Saee Sapre with us. A hearty welcome to all the distinguished invitees of the Reserve Bank. About Prof. Suresh D. Tendulkar 2. Prof. Suresh D. Tendulkar was a great teacher, e

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

On behalf of the Reserve Bank of India, I am delighted to welcome Mr. Tharman Shanmugaratnam to deliver the Professor Suresh Tendulkar Memorial Lecture, the third in the series. We are also deeply honoured to have Smt. Sunetra Tendulkar, the wife of late Professor Tendulkar and his daughter Smt. Saee Sapre with us. A hearty welcome to all the distinguished invitees of the Reserve Bank. About Prof. Suresh D. Tendulkar 2. Prof. Suresh D. Tendulkar was a great teacher, e

जनवरी 01, 2020
$5 ट्रिलियन की अर्थव्यवस्था: आकांक्षा से कार्रवाई तक - शक्तिकान्त दास

It is a privilege to be here this morning at the very prestigious India Economic Conclave organised by The Times Network. I assumed charge of the Reserve Bank last year on December 12, and this event was held around that time. Having witnessed many of the proceedings of the event last year on television, I looked forward to participating in this year’s conclave. I must also compliment Shri Anand of Times Network and Shri Vaidyanathan of IDFC First Bank for introducing

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

It is a privilege to be here this morning at the very prestigious India Economic Conclave organised by The Times Network. I assumed charge of the Reserve Bank last year on December 12, and this event was held around that time. Having witnessed many of the proceedings of the event last year on television, I looked forward to participating in this year’s conclave. I must also compliment Shri Anand of Times Network and Shri Vaidyanathan of IDFC First Bank for introducing

नवंबर 29, 2019
ग्रामीण और कृषि वित्त: समावेशी और दीर्घकालिक विकास प्राप्त करने के लिए महत्वपूर्ण जानकारी - एम.के.जैन
1. Mr Senarath Bandara, Chairman, APRACA (Asia Pacific Rural and Agricultural Credit Association), Dr Harsh Kumar Bhanwala, Chairman National Bank for Agriculture and Rural Development (NABARD) and Vice-Chairman, APRACA, Dr Prasun Kumar Das, Secretary General, APRACA, all other dignitaries present here, ladies and gentlemen, good afternoon! 2. At the outset, I would like to thank APRACA and NABARD for inviting me to give the valedictory address to the participants vis
श्री एम.के. जैन, उप गवर्नर, भारतीय रिज़र्व बैंक
1. Mr Senarath Bandara, Chairman, APRACA (Asia Pacific Rural and Agricultural Credit Association), Dr Harsh Kumar Bhanwala, Chairman National Bank for Agriculture and Rural Development (NABARD) and Vice-Chairman, APRACA, Dr Prasun Kumar Das, Secretary General, APRACA, all other dignitaries present here, ladies and gentlemen, good afternoon! 2. At the outset, I would like to thank APRACA and NABARD for inviting me to give the valedictory address to the participants vis
नवंबर 28, 2019
वित्तीय समावेशन के अगले दौर में सूक्ष्म वित्त - एम.के.जैन

Shri Mohammad Mustafa, Chairman & MD, SIDBI, Dr. Charan Singh, CEO and Director, Foundation for Economic Growth and Welfare, Mr. Gavin McGillivray Head, DFID India, other dignitaries, participants, Ladies and Gentlemen. Good Morning to all! I am very happy that senior bankers, sector specialists, academicians and practitioners are coming together on a single platform to deliberate on the Vision of Microfinance in India at this National Microfinance Congress and th

श्री एम.के. जैन, उप गवर्नर, भारतीय रिज़र्व बैंक

Shri Mohammad Mustafa, Chairman & MD, SIDBI, Dr. Charan Singh, CEO and Director, Foundation for Economic Growth and Welfare, Mr. Gavin McGillivray Head, DFID India, other dignitaries, participants, Ladies and Gentlemen. Good Morning to all! I am very happy that senior bankers, sector specialists, academicians and practitioners are coming together on a single platform to deliberate on the Vision of Microfinance in India at this National Microfinance Congress and th

नवंबर 16, 2019
चौराहे पर भारतीय बैंकिंग: कुछ विचार - शक्तिकान्त दास

I am very happy to be amongst you today to address the first Annual Economics Conference being organised by the Amrut Mody School of Management, Ahmedabad University. The theme of the conference – “50 years of Bank Nationalisation: Indian Banking at Crossroads” - provides the perfect backdrop for a discussion on the evolution of Public Sector Banks(PSBs), their journey over the last 50 years and a vision for their future. The banking system has played a critical role

श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक

I am very happy to be amongst you today to address the first Annual Economics Conference being organised by the Amrut Mody School of Management, Ahmedabad University. The theme of the conference – “50 years of Bank Nationalisation: Indian Banking at Crossroads” - provides the perfect backdrop for a discussion on the evolution of Public Sector Banks(PSBs), their journey over the last 50 years and a vision for their future. The banking system has played a critical role

सितंबर 23, 2019
बैंकों में अनुपालन कार्यप्रणाली संबंधी विनियामकीय और पर्यवेक्षी प्रत्याशाएं - एम.के.जैन
Shri Sunil Mehta, Chairman – IBA, Chairmen and Chief Executive Officers of banks, other dignitaries and participants, Good Evening to all. This conference brings in the best minds from the Indian banking fraternity, the technology, knowledge and other service providers together to deliberate the latest developments and future agenda for banks in India. It is indeed a great pleasure to be amongst you here today. The banking landscape of India is changing rapidly. With
श्री एम.के. जैन, उप गवर्नर, भारतीय रिज़र्व बैंक
Shri Sunil Mehta, Chairman – IBA, Chairmen and Chief Executive Officers of banks, other dignitaries and participants, Good Evening to all. This conference brings in the best minds from the Indian banking fraternity, the technology, knowledge and other service providers together to deliberate the latest developments and future agenda for banks in India. It is indeed a great pleasure to be amongst you here today. The banking landscape of India is changing rapidly. With
सितंबर 19, 2019
भारत के बाह्य क्षेत्र की सुदृढ़ता के आयाम - शक्तिकान्त दास
The international environment is clouded with very challenging conditions. Global growth is slowing down and central banks across the world are bracing up to counter it by easing monetary policy; but there is no recession as yet. Trade wars have pushed world trade into contraction and threaten to morph into tech and currency wars, with no evidence of any significant gains accruing to anyone. Meanwhile, global commodity prices have weakened, with collateral benefits to
श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक
The international environment is clouded with very challenging conditions. Global growth is slowing down and central banks across the world are bracing up to counter it by easing monetary policy; but there is no recession as yet. Trade wars have pushed world trade into contraction and threaten to morph into tech and currency wars, with no evidence of any significant gains accruing to anyone. Meanwhile, global commodity prices have weakened, with collateral benefits to
सितंबर 05, 2019
20 वाँ फिम्डा-पीडीएआई वार्षिक सम्मेलन - बी.पी.कानूनगो
1. I am happy to be here today amidst you and I must thank FIMMDA and PDAI for this privilege. The annual conference of FIMMDA and PDAI has of late been known as much for the content of the deliberations as for the choice of the venues, and the present one, its twentieth edition, is no exception. These occasions bring together the best minds in the financial market, particularly the fixed income segment, under one roof and provides excellent platform for deliberating
श्री बी.पी. कानूनगो, उप गवर्नर, भारतीय रिज़र्व बैंक
1. I am happy to be here today amidst you and I must thank FIMMDA and PDAI for this privilege. The annual conference of FIMMDA and PDAI has of late been known as much for the content of the deliberations as for the choice of the venues, and the present one, its twentieth edition, is no exception. These occasions bring together the best minds in the financial market, particularly the fixed income segment, under one roof and provides excellent platform for deliberating
अगस्त 26, 2019
व्यापार युद्ध: क्या उह अवैश्वीकरण की पूर्वपीठिका है? - बी.पी.कानूनगो
1. I am delighted to be here today and am grateful to the FAI and the organisers of this conference for inviting me to speak to this gathering. I am also happy to be in Singapore, a country which truly epitomises all that can be called achievements of globalisation, and a country with which India had and continues to have multifaceted engagement covering cultural, ethnic and economic spheres. FAI, a body of forex market professionals who intermediate between the suppl
श्री बी.पी. कानूनगो, उप गवर्नर, भारतीय रिज़र्व बैंक
1. I am delighted to be here today and am grateful to the FAI and the organisers of this conference for inviting me to speak to this gathering. I am also happy to be in Singapore, a country which truly epitomises all that can be called achievements of globalisation, and a country with which India had and continues to have multifaceted engagement covering cultural, ethnic and economic spheres. FAI, a body of forex market professionals who intermediate between the suppl
अगस्त 19, 2019
वित्तीय स्थिरता के मार्ग में उभरती चुनौतियाँ - शक्तिकान्त दास
It is indeed a matter of great pleasure for me to be here today amidst the business and financial sector leaders. My compliments go to the partners, namely, the Indian Banks’ Association, FICCI and the Boston Consulting Group for spearheading this event. What really gives me the additional motivation to address you is the earnestness with which you have themed this year’s conference, showing your appreciation of the need to prepare ourselves for a new paradigm in bank
श्री शक्तिकान्त दास, गवर्नर, भारतीय रिज़र्व बैंक
It is indeed a matter of great pleasure for me to be here today amidst the business and financial sector leaders. My compliments go to the partners, namely, the Indian Banks’ Association, FICCI and the Boston Consulting Group for spearheading this event. What really gives me the additional motivation to address you is the earnestness with which you have themed this year’s conference, showing your appreciation of the need to prepare ourselves for a new paradigm in bank

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