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अगस्त 13, 2011
विदेशी मुद्रा बाजार का विकास-मुद्दे और चुनौतियाँ- विदेशी मुद्रा बाजार के एक विनियामक की वापसी पर उसके विचार : जी. पद्मनाभन
Friends, 1. I am delighted to be in your midst after a long gap of a decade. The occasion brings back reminiscences of late 1990s and the early years of this century when the forex market in India was quite different from what exists today. A nascent market that it was, needed a lot of hand-holding from RBI. The Rupee was always moving down a one-way street and every bout of volatility ( plenty those days, for example, the South East Asian crisis, Nuclear sanctions, K
श्री जी पद्मनाभन, कार्यपालक निदेशक, रिज़र्व बैंक ऑफ इंडिया
Friends, 1. I am delighted to be in your midst after a long gap of a decade. The occasion brings back reminiscences of late 1990s and the early years of this century when the forex market in India was quite different from what exists today. A nascent market that it was, needed a lot of hand-holding from RBI. The Rupee was always moving down a one-way street and every bout of volatility ( plenty those days, for example, the South East Asian crisis, Nuclear sanctions, K
अगस्त 12, 2011
बैंकिंग में प्रौद्योगिकी - उत्कर्ष की खोज में : आनंद सिन्हा
Director IDRBT, Shri B Sambamurthy, faculty members and officers of IDRBT, officials from banks, members of the selection panel, my colleagues from Reserve Bank and all the other participants. It is indeed my privilege to be present here today to honour the recipients of the banking technology awards and deliver the key note address for the 7th edition of the awards. I am grateful to IDRBT for giving me this opportunity. My heartiest congratulations to all the winners
श्री आनंद सिन्हा, उप गवर्नर, भारतीय रिज़र्व बैंक
Director IDRBT, Shri B Sambamurthy, faculty members and officers of IDRBT, officials from banks, members of the selection panel, my colleagues from Reserve Bank and all the other participants. It is indeed my privilege to be present here today to honour the recipients of the banking technology awards and deliver the key note address for the 7th edition of the awards. I am grateful to IDRBT for giving me this opportunity. My heartiest congratulations to all the winners
अगस्त 12, 2011
भारत में बैंकों का कारपोरेट संचालन: श्रेष्ठ उत्पादकता की खोज में : दीपक मोहंती
I thank the Indian Institute of Management (IIM), Lucknow for inviting me to address this distinguished gathering. I do see many bright young prospective managers in the audience. As you step out of the portals of the Institute, you will be faced with the challenge of managing some or the other key aspect of our economy, be it agriculture, industry or services. This evening, let me give you a flavour of how do we manage monetary policy in the Reserve Bank of India? In
श्री दीपक मोहंती, कार्यपालक निदेशक, रिज़र्व बैंक ऑफ इंडिया
I thank the Indian Institute of Management (IIM), Lucknow for inviting me to address this distinguished gathering. I do see many bright young prospective managers in the audience. As you step out of the portals of the Institute, you will be faced with the challenge of managing some or the other key aspect of our economy, be it agriculture, industry or services. This evening, let me give you a flavour of how do we manage monetary policy in the Reserve Bank of India? In
अगस्त 05, 2011
भारतीय शिक्षा प्रणाली - मुद्दे और चुनौतियाँ : के.सी.चक्रवती
‘Plants are shaped by cultivation and humans by education’ Mr. Shantanu Prakash, Chairman and CEO, Educomp Solutions Ltd., Mr. Harpreet Singh, President, JRE Group of Institutions, Prof. Stephen Rawlinson, Academic President, JRE Group of Institutions, Mr. Siddharth Mukherjee, Director of Corporate Relations, Prof. Pankaj Gupta, Director, School of Management, Dr. Ramesh Agarwal, Director, JRE Group of Institutions, members of the print and electronic media, students
डॉ. के.सी. चक्रवर्ती, उप गवर्नर, भारतीय रिज़र्व बैंक
‘Plants are shaped by cultivation and humans by education’ Mr. Shantanu Prakash, Chairman and CEO, Educomp Solutions Ltd., Mr. Harpreet Singh, President, JRE Group of Institutions, Prof. Stephen Rawlinson, Academic President, JRE Group of Institutions, Mr. Siddharth Mukherjee, Director of Corporate Relations, Prof. Pankaj Gupta, Director, School of Management, Dr. Ramesh Agarwal, Director, JRE Group of Institutions, members of the print and electronic media, students
जुलाई 29, 2011
सुरक्षित ऑनलाइन बैंकिंग बनाम ग्राहक सुविधा - अवसर और चुनौतियाँ : जी. पद्मनाभन
Ladies and Gentlemen, Good morning. It is my pleasure to be here amongst all of you in the Annual conference on secure banking 2011, and share with you some of my thoughts on the subject. I thank IBA and MP TFCI, co-organizers for the event, for this opportunity. 2. Banking, as all of us know, is a business activity synonymous with Trust, and security in banking is a paramount presumption for trust. The concept and perception of such security in banking has, over a pe
श्री जी पद्मनाभन, कार्यपालक निदेशक, रिज़र्व बैंक ऑफ इंडिया
Ladies and Gentlemen, Good morning. It is my pleasure to be here amongst all of you in the Annual conference on secure banking 2011, and share with you some of my thoughts on the subject. I thank IBA and MP TFCI, co-organizers for the event, for this opportunity. 2. Banking, as all of us know, is a business activity synonymous with Trust, and security in banking is a paramount presumption for trust. The concept and perception of such security in banking has, over a pe
जुलाई 08, 2011
दीर्घकालिक वृद्धि के लिए आर्थिक सुधार : सुबीर गोकर्ण
Economic Reforms for Sustainable Growth* I. Introduction It is a great pleasure and privilege for me to be speaking at the 175th Annual General Meeting of the Madras Chamber of Commerce and Industry. I have had the opportunity to speak at previous events organized by the Chamber, and also interact with committee members and the secretariat during my tenure as the chairperson of the Economic Affairs Committee of ASSOCHAM. But, this is a special occasion and I thank the
डॉ. सुबीर गोकर्ण, उप गवर्नर, भारतीय रिज़र्व बैंक
Economic Reforms for Sustainable Growth* I. Introduction It is a great pleasure and privilege for me to be speaking at the 175th Annual General Meeting of the Madras Chamber of Commerce and Industry. I have had the opportunity to speak at previous events organized by the Chamber, and also interact with committee members and the secretariat during my tenure as the chairperson of the Economic Affairs Committee of ASSOCHAM. But, this is a special occasion and I thank the
जुलाई 07, 2011
भारत में म्युचुअल फंड और बाजार का विकास : सुबीर गोकर्ण
Mutual Funds and Market Development in India* I. Introduction Financial sector development can be viewed as a process that enhances four critical attributes of the financial system: efficiency, stability, transparency and inclusion. The emergence of intermediation mechanisms and products that help improve on one or more of these without causing others to weaken are, therefore, a meaningful indicator of financial development. From this perspective, Mutual Funds play an
डॉ. सुबीर गोकर्ण, उप गवर्नर, भारतीय रिज़र्व बैंक
Mutual Funds and Market Development in India* I. Introduction Financial sector development can be viewed as a process that enhances four critical attributes of the financial system: efficiency, stability, transparency and inclusion. The emergence of intermediation mechanisms and products that help improve on one or more of these without causing others to weaken are, therefore, a meaningful indicator of financial development. From this perspective, Mutual Funds play an
जुलाई 07, 2011
भारत में वृद्धि और मुद्रास्फीति के बीच संतुलन रखना : सुबीर गोकर्ण
Striking the Balance between Growth and Inflation in India* I. Introduction The Indian economy recovered relatively quickly from the financial crisis of 2008, but inflationary pressures emerged even in the early stages of the recovery in late 2009. Over the past year and a half, the challenge for monetary policy has been to contain these inflationary pressures without disrupting the recovery. The economy grew by 8.5 per cent in the fiscal year 2010-11, which is close
डॉ. सुबीर गोकर्ण, उप गवर्नर, भारतीय रिज़र्व बैंक
Striking the Balance between Growth and Inflation in India* I. Introduction The Indian economy recovered relatively quickly from the financial crisis of 2008, but inflationary pressures emerged even in the early stages of the recovery in late 2009. Over the past year and a half, the challenge for monetary policy has been to contain these inflationary pressures without disrupting the recovery. The economy grew by 8.5 per cent in the fiscal year 2010-11, which is close
जुलाई 05, 2011
भारतीय रिज़र्व बैंक में सांख्यिकी : दीपक मोहन्ती
Governor Dr. Subbarao, Deputy Governor Dr. Subir Gokarn, Professor Pantula, Professor Karandikar, distinguished invitees and friends. I welcome you all to the Reserve Bank’s 5th statistics day conference. This annual event provides an occasion to learn about developments in the area of statistics, review the contribution of statisticians in the Reserve Bank and reflect on challenges in the way forward. 2. Since 2007, 29th June is celebrated as the statistics day in ho
श्री दीपक मोहंती, कार्यपालक निदेशक, रिज़र्व बैंक ऑफ इंडिया
Governor Dr. Subbarao, Deputy Governor Dr. Subir Gokarn, Professor Pantula, Professor Karandikar, distinguished invitees and friends. I welcome you all to the Reserve Bank’s 5th statistics day conference. This annual event provides an occasion to learn about developments in the area of statistics, review the contribution of statisticians in the Reserve Bank and reflect on challenges in the way forward. 2. Since 2007, 29th June is celebrated as the statistics day in ho
जुलाई 05, 2011
भारतीय रिज़र्व बैंक में सांख्यिकी : दुव्वुरि सुब्बाराव
We are gathered here today for the 5th Annual Statistics Day Conference of the Reserve Bank to honour the signal contribution of late Prof. P.C. Mahalanobis to the Indian statistical system. Let me start by noting that the United Nations declared October 20, 2010 as the first World Statistics Day. In recognizing the importance of statistics and statistical analysis to public policy formulation, we in India have been ahead of the world. Statistics Day in RBI 2. I note
डॉ. डी. सुब्बाराव, गवर्नर, भारतीय रिज़र्व बैंक
We are gathered here today for the 5th Annual Statistics Day Conference of the Reserve Bank to honour the signal contribution of late Prof. P.C. Mahalanobis to the Indian statistical system. Let me start by noting that the United Nations declared October 20, 2010 as the first World Statistics Day. In recognizing the importance of statistics and statistical analysis to public policy formulation, we in India have been ahead of the world. Statistics Day in RBI 2. I note
जून 30, 2011
अगली पीढ़ी की बैंकिंग की चुनौतियां : के.सी. चक्रवर्ती
Mr. Krishnan, President of Indian Chamber of Commerce and Industry, Coimbatore; Mr. M. Narendra, Chairman and Managing Director of Indian Overseas Bank; Mr. D. Raj Kumar, Regional General Manager, The Hindu; Mr. K.G. Balakrishnan, Past President of ICCI, Coimbatore; members of ICCI and captains of industries in Coimbatore; representatives of banks in Coimbatore; members of the print and electronic media; distinguished invitees, ladies and gentlemen, 1. I am very happy
डॉ. के.सी. चक्रवर्ती, उप गवर्नर, भारतीय रिज़र्व बैंक
Mr. Krishnan, President of Indian Chamber of Commerce and Industry, Coimbatore; Mr. M. Narendra, Chairman and Managing Director of Indian Overseas Bank; Mr. D. Raj Kumar, Regional General Manager, The Hindu; Mr. K.G. Balakrishnan, Past President of ICCI, Coimbatore; members of ICCI and captains of industries in Coimbatore; representatives of banks in Coimbatore; members of the print and electronic media; distinguished invitees, ladies and gentlemen, 1. I am very happy
जून 28, 2011
बिंदुओं को जोड़ना : के.सी. चक्रवर्ती
Shri N Chandrasekaran, CEO & MD, Tata Consultancy Services Ltd., Shri Praveen Toshniwal, Chairman, CII Western Region, Mr Robert Lattimore, ED, Price Waterhouse Coopers (PwC), Shri Dev Ranjan Mukherjee, Head-CII Gujarat State, distinguished guests, friends from the media, ladies and gentlemen. I am thankful to CII for having invited me over to address the participants of the 6th BANKing TECH Summit 2011. At the outset, I would like to congratulate CII and PwC for
डॉ. के.सी. चक्रवर्ती, उप गवर्नर, भारतीय रिज़र्व बैंक
Shri N Chandrasekaran, CEO & MD, Tata Consultancy Services Ltd., Shri Praveen Toshniwal, Chairman, CII Western Region, Mr Robert Lattimore, ED, Price Waterhouse Coopers (PwC), Shri Dev Ranjan Mukherjee, Head-CII Gujarat State, distinguished guests, friends from the media, ladies and gentlemen. I am thankful to CII for having invited me over to address the participants of the 6th BANKing TECH Summit 2011. At the outset, I would like to congratulate CII and PwC for
जून 23, 2011
भारत और वैश्विक वित्तीय संकट:हमने क्या सीखा? : दुव्वुरी सुब्बाराव
Thank you for inviting me to deliver the 2011 K R Narayanan Oration. It is an honour to which I attach a lot of value. President Narayanan 2. Late President Narayanan was a distinguished diplomat, a reputed parliamentarian, a capable minister and above all an erudite scholar. Born at the very bottom of India’s social pyramid, he rose on to occupy the highest office in the country with no assets other than hard work, integrity and humility. ‘A working President’, as he
डॉ. डी. सुब्बाराव, गवर्नर, भारतीय रिज़र्व बैंक
Thank you for inviting me to deliver the 2011 K R Narayanan Oration. It is an honour to which I attach a lot of value. President Narayanan 2. Late President Narayanan was a distinguished diplomat, a reputed parliamentarian, a capable minister and above all an erudite scholar. Born at the very bottom of India’s social pyramid, he rose on to occupy the highest office in the country with no assets other than hard work, integrity and humility. ‘A working President’, as he
जून 17, 2011
ट्रिलियन डॉलर अर्थव्यवस्था में चुनौतियां और अवसर : के.सी. चक्रवर्ती
Shri Pranab Mukherjee, Hon’ble Finance Minister, Government of India, Dr Narendra Jadhav, Member, Planning Commission, Shri Dilip Modi, President , ASSOCHAM, Shri R. N. Dhoot, Senior Vice President, ASSOCHAM, and MP, Rajya Sabha, Shri J. M. Garg, Central Vigilance Commissioner, Dr Thomas Mathew, Jt Secretary, Capital Markets, Ministry of Finance, Shri M. Narendra, Chairperson, ASSOCHAM National Council for Banking & Finance and CMD, Indian Overseas Bank, Shri T. M
डॉ. के.सी. चक्रवर्ती, उप गवर्नर, भारतीय रिज़र्व बैंक
Shri Pranab Mukherjee, Hon’ble Finance Minister, Government of India, Dr Narendra Jadhav, Member, Planning Commission, Shri Dilip Modi, President , ASSOCHAM, Shri R. N. Dhoot, Senior Vice President, ASSOCHAM, and MP, Rajya Sabha, Shri J. M. Garg, Central Vigilance Commissioner, Dr Thomas Mathew, Jt Secretary, Capital Markets, Ministry of Finance, Shri M. Narendra, Chairperson, ASSOCHAM National Council for Banking & Finance and CMD, Indian Overseas Bank, Shri T. M
जून 15, 2011
समष्टि विवेकपूर्ण नीतियां: भारतीय अनुभव : आनंद सिन्हा
Introduction 1. Good Morning. It gives me great pleasure to share with you our experience in implementing macroprudential policies in India. The current global financial crisis has brought to fore serious lacunae in the approach to regulation and supervision and put the issue of systemic risk on to the regulatory agenda. A comprehensive definition of systemic risk is, “The risk of disruptions to financial services that is caused by an impairment of all or parts of the
श्री आनंद सिन्हा, उप गवर्नर, भारतीय रिज़र्व बैंक
Introduction 1. Good Morning. It gives me great pleasure to share with you our experience in implementing macroprudential policies in India. The current global financial crisis has brought to fore serious lacunae in the approach to regulation and supervision and put the issue of systemic risk on to the regulatory agenda. A comprehensive definition of systemic risk is, “The risk of disruptions to financial services that is caused by an impairment of all or parts of the
जून 10, 2011
Financial Stability: Some Issues
Dear Governor Subbarao, Esteemed Mr. Jaime Caruana, Respected Governors of Central Banks of SAARC region, distinguished central bankers and friends, I am grateful to my friend and distinguished successor Governor Subbarao and RBI, for giving me this opportunity to be with this august gathering. The subject for the Symposium is very timely, and is of great significance for the central banks. I want to congratulate the scholars in RBI for outstanding concept papers. The
Dr. Y. V. Reddy, Former Governor, Reserve Bank of India
Dear Governor Subbarao, Esteemed Mr. Jaime Caruana, Respected Governors of Central Banks of SAARC region, distinguished central bankers and friends, I am grateful to my friend and distinguished successor Governor Subbarao and RBI, for giving me this opportunity to be with this august gathering. The subject for the Symposium is very timely, and is of great significance for the central banks. I want to congratulate the scholars in RBI for outstanding concept papers. The
जून 10, 2011
Financial Stability Mandate of Central Banks Issues in the International and Indian Context
Financial stability has come centre stage in the post crisis scenario. The discourse has been quite broad spectrum - ranging from first principles such as the definition of financial stability to intellectually involved issues like the implication of financial stability for growth and welfare. Although the crisis originated in the advanced economies, we, in emerging economies too have been affected by it, and indeed by much more than we had thought possible. This cont
Dr. D. Subbarao, Governor, Reserve Bank of India
Financial stability has come centre stage in the post crisis scenario. The discourse has been quite broad spectrum - ranging from first principles such as the definition of financial stability to intellectually involved issues like the implication of financial stability for growth and welfare. Although the crisis originated in the advanced economies, we, in emerging economies too have been affected by it, and indeed by much more than we had thought possible. This cont
जून 10, 2011
Welcome remarks by Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India at SAARCFINANCE Governors’ Symposium on ‘Financial Stability’
1. Governor Dr. Subbarao, distinguished Governors, Dr. Reddy, Mr. Caruana, Mr. Ninan, Mrs. Thorat, Deputy Governors, our guests from SAARC central banks and friends. On behalf of the Reserve Bank of India, I extend a warm welcome to you all to the SAARCFINANCE Governor’s Symposium 2011 on the theme of Financial Stability. Just to refresh your memories, the last Governors Symposium organized by us under Dr. Reddy was in 2005 at Mumbai which dealt with the theme of ‘Com
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
1. Governor Dr. Subbarao, distinguished Governors, Dr. Reddy, Mr. Caruana, Mr. Ninan, Mrs. Thorat, Deputy Governors, our guests from SAARC central banks and friends. On behalf of the Reserve Bank of India, I extend a warm welcome to you all to the SAARCFINANCE Governor’s Symposium 2011 on the theme of Financial Stability. Just to refresh your memories, the last Governors Symposium organized by us under Dr. Reddy was in 2005 at Mumbai which dealt with the theme of ‘Com
जून 10, 2011
Monetary policy in a world with macroprudential policy
Introduction Ladies and gentlemen, it is a privilege to be able to speak today to this distinguished group of Governors. As for my subject, I will focus on how monetary policy might need to adjust to the implementation of new macroprudential frameworks. To speak on this topic in India is almost presumptuous, given that the Reserve Bank of India is among those central banks, mainly Asian ones, that have successfully combined both monetary policy and macroprudential mea
Jaime Caruana, General Manager, Bank for International Settlements
Introduction Ladies and gentlemen, it is a privilege to be able to speak today to this distinguished group of Governors. As for my subject, I will focus on how monetary policy might need to adjust to the implementation of new macroprudential frameworks. To speak on this topic in India is almost presumptuous, given that the Reserve Bank of India is among those central banks, mainly Asian ones, that have successfully combined both monetary policy and macroprudential mea

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