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अग॰ 13, 2009
Banking: Key Driver for Inclusive Growth
Ladies and Gentlemen: It gives me immense pleasure to be here this evening in front of an august audience for today’s Mint debate series on the theme ‘Banking: Key Driver for Inclusive Growth’. I would like to thank the sponsors and all of you for inviting me here to share my views and thoughts on a subject which has become of great significance today for the growth of the Indian economy. The previous Conclaves organized by the Mint brought together the eminent banker
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen: It gives me immense pleasure to be here this evening in front of an august audience for today’s Mint debate series on the theme ‘Banking: Key Driver for Inclusive Growth’. I would like to thank the sponsors and all of you for inviting me here to share my views and thoughts on a subject which has become of great significance today for the growth of the Indian economy. The previous Conclaves organized by the Mint brought together the eminent banker
अग॰ 10, 2009
Technology, Financial Inclusion and Role of Urban Cooperative Banks *
Hon’ble Finance Minister, Govt. of Andhra Pradesh, Shri Rosaiahji; Chairman, A.P. Mahesh Co-operative Urban Bank Shri Ramesh Kumar Bung; Sr. Vice-Chairman Purshotamdas Mandhana; Vice-Chairperson Smt Pushpa Boob, Board of Directors, Senior Executives, Staff Members, Ladies and Gentlemen, I am delighted to be here this evening amongst all of you on the occasion of the 32nd Foundation Day Celebrations of The A.P. Mahesh Cooperative Urban Bank Ltd. I would like to thank y
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Hon’ble Finance Minister, Govt. of Andhra Pradesh, Shri Rosaiahji; Chairman, A.P. Mahesh Co-operative Urban Bank Shri Ramesh Kumar Bung; Sr. Vice-Chairman Purshotamdas Mandhana; Vice-Chairperson Smt Pushpa Boob, Board of Directors, Senior Executives, Staff Members, Ladies and Gentlemen, I am delighted to be here this evening amongst all of you on the occasion of the 32nd Foundation Day Celebrations of The A.P. Mahesh Cooperative Urban Bank Ltd. I would like to thank y
जुल॰ 31, 2009
Global Financial Crisis Questioning the Questions
JRD Tata Thank you for inviting me to deliver this year’s JRD Tata Memorial Lecture. It is an honour to which I attach a lot of value. The man whose life this series of lectures commemorates, JRD Tata - or JRD, as he was known - left a great legacy as a visionary, as an industry leader, as a philanthropist, and above all as a humanist. 2. Two words capture JRD’s lasting contribution, nation builder. His commitment to India’s development was deep and abiding, and he wa
Dr. D. Subbarao, Governor, Reserve Bank of India
JRD Tata Thank you for inviting me to deliver this year’s JRD Tata Memorial Lecture. It is an honour to which I attach a lot of value. The man whose life this series of lectures commemorates, JRD Tata - or JRD, as he was known - left a great legacy as a visionary, as an industry leader, as a philanthropist, and above all as a humanist. 2. Two words capture JRD’s lasting contribution, nation builder. His commitment to India’s development was deep and abiding, and he wa
जुल॰ 11, 2009
Impact of global financial crisis on Reserve Bank of India (RBI) as a National Regulator
I am delighted to be here in Seoul, participating in this 56th EXCOM Meeting and FinPower CEO Forum - my thanks to Secretary General Bayaua for inviting me to make this presentation on the ‘impact of the global financial crisis on RBI as a national regulator’. In order to understand the impact of the global crisis on India and the manner in which the Reserve Bank of India (RBI) responded, it is important to realise that the RBI is a central bank that is entrusted with
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
I am delighted to be here in Seoul, participating in this 56th EXCOM Meeting and FinPower CEO Forum - my thanks to Secretary General Bayaua for inviting me to make this presentation on the ‘impact of the global financial crisis on RBI as a national regulator’. In order to understand the impact of the global crisis on India and the manner in which the Reserve Bank of India (RBI) responded, it is important to realise that the RBI is a central bank that is entrusted with
जुल॰ 02, 2009
उद्घाटन संबोधन : तीसरा वार्षिक सांख्यिकी दिवस सम्मेलन * - डी. सुब्बाराव
उद्घाटन संबोधन : तीसरा वार्षिक सांख्यिकी दिवस सम्मेलन* डी. सुब्बाराव रिज़र्व बैंक के इस तीसरे वार्षिक सांख्यिकी दिवस सम्मेलन के उद्घाटन के लिए आज यहां आने पर मुझे खुशी हो रही है। अब यह हमारे लिए एक परम्परा बन गई है कि हम सांख्यिकी दिवस को स्व. प्रोफेसर पी.सी. महालनोबिस को श्रद्धांजलि अर्पित करने और भारत में सांख्यिकी के विकास में उनके विशाल योगदान, शैक्षिक शाखा एवं जन नीति के साधन, दोनों के रूप में मनायें। विकास आयोजना का महालनोबिस मॉडल भारत के विकास इतिहास का एक महत्
डॉ. डी. सुब्बाराव, गवर्नर, भारतीय रिज़र्व बैंक
उद्घाटन संबोधन : तीसरा वार्षिक सांख्यिकी दिवस सम्मेलन* डी. सुब्बाराव रिज़र्व बैंक के इस तीसरे वार्षिक सांख्यिकी दिवस सम्मेलन के उद्घाटन के लिए आज यहां आने पर मुझे खुशी हो रही है। अब यह हमारे लिए एक परम्परा बन गई है कि हम सांख्यिकी दिवस को स्व. प्रोफेसर पी.सी. महालनोबिस को श्रद्धांजलि अर्पित करने और भारत में सांख्यिकी के विकास में उनके विशाल योगदान, शैक्षिक शाखा एवं जन नीति के साधन, दोनों के रूप में मनायें। विकास आयोजना का महालनोबिस मॉडल भारत के विकास इतिहास का एक महत्
जून 29, 2009
Sub-national Fiscal Reforms and Debt Management - Indian Experience
It gives me great pleasure to be here amongst you and address the World Bank Sub-national Fiscal Reform and Debt Management Forum. There is more than one reason on my part to accept this invitation, but more importantly, to share with you the turnaround story at the sub-national level in India. The relevance of fiscal reforms and creation of fiscal space even at the sub-national level can hardly be over-emphasised in the context of the on-going slowdown the world over
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be here amongst you and address the World Bank Sub-national Fiscal Reform and Debt Management Forum. There is more than one reason on my part to accept this invitation, but more importantly, to share with you the turnaround story at the sub-national level in India. The relevance of fiscal reforms and creation of fiscal space even at the sub-national level can hardly be over-emphasised in the context of the on-going slowdown the world over
जून 15, 2009
विनियामक परिमाप संबंधी मुद्दों का समाधान-भारतीय अनुभव* - श्यामला गोपीनाथ
1. The regulatory perimeter or boundary issue has been engaging the attention of policy makers internationally for quite some time but it was not a central issue associated with the current crisis. Paradoxically the origins as well the severity of impact of the crisis were concentrated in the most heavily regulated institutions. However, in my view, the real issue lay in not recognizing and addressing the dynamic inter-connectedness between entities across regulated,
श्रीमती श्यामला गोपीनाथ, उप गवर्नर, भारतीय रिज़र्व बैंक
1. The regulatory perimeter or boundary issue has been engaging the attention of policy makers internationally for quite some time but it was not a central issue associated with the current crisis. Paradoxically the origins as well the severity of impact of the crisis were concentrated in the most heavily regulated institutions. However, in my view, the real issue lay in not recognizing and addressing the dynamic inter-connectedness between entities across regulated,
जून 10, 2009
वित्तीय विनियमन की उभरती सीमाएँ :चुनौतियाँ और गतिशीलताएँ*-राकेश मोहन
The world is currently in the midst of the most severe financial and economic crisis since the Great Depression. Although the crisis originated in the sub-prime mortgage market in the United States, it then spread to Europe and later to the rest of the world. The speed of the contagion that spread across the world is perhaps unprecedented. What started off as a relatively limited crisis in the US housing mortgage sector turned successively into a widespread banking cr
डॉ राकेश मोहन, उप गवर्नर, भारतीय रिज़र्व बैंक
The world is currently in the midst of the most severe financial and economic crisis since the Great Depression. Although the crisis originated in the sub-prime mortgage market in the United States, it then spread to Europe and later to the rest of the world. The speed of the contagion that spread across the world is perhaps unprecedented. What started off as a relatively limited crisis in the US housing mortgage sector turned successively into a widespread banking cr
मई 22, 2009
वैश्विक वित्तीय संकट के बीच जोखिम प्रबंध* - डी. सुब्बाराव
Thank you for inviting me to be the keynote speaker at this Financial Management Summit. The global economy is passing through its deepest financial and economic crisis of our time. Protecting the Indian economy from the worst impact of the crisis has been a big challenge for the government and the Reserve Bank. Equally, I am conscious of the fact that industry, business and investors gathered here today have had to make very challenging adjustments in these difficult
डॉ. डी. सुब्बाराव, गवर्नर, भारतीय रिज़र्व बैंक
Thank you for inviting me to be the keynote speaker at this Financial Management Summit. The global economy is passing through its deepest financial and economic crisis of our time. Protecting the Indian economy from the worst impact of the crisis has been a big challenge for the government and the Reserve Bank. Equally, I am conscious of the fact that industry, business and investors gathered here today have had to make very challenging adjustments in these difficult
मई 18, 2009
सूचना प्रौद्योगिकी और बैंकिंग-एक निरंतर कार्यक्रम*- डी. सुब्बाराव
I am delighted to be here today to celebrate outstanding Information Technology achievements in the Indian banking sector. We are all well aware of the significant contributions that Indian IT professionals have made in the world arena. In fact, when the phrase “Indian talent” is used, it is often meant as a synonym for IT excellence. IT in the Indian Financial Sector – the Beginnings 2. The use of technology in expanding banking has been a key focus area of the Reser
डॉ. डी. सुब्बाराव, गवर्नर, भारतीय रिज़र्व बैंक
I am delighted to be here today to celebrate outstanding Information Technology achievements in the Indian banking sector. We are all well aware of the significant contributions that Indian IT professionals have made in the world arena. In fact, when the phrase “Indian talent” is used, it is often meant as a synonym for IT excellence. IT in the Indian Financial Sector – the Beginnings 2. The use of technology in expanding banking has been a key focus area of the Reser
अप्रैल 25, 2009
डी. सुब्बा राव का वक्तव्य, आइएमएफसी वाशिंगटन डी.सी. में वैकल्पिैक गवर्नर*
Mr. Chairman, 1. The IMFC meets today in extraordinarily complex and challenging times. The financial crisis became full-blown in the second half of 2008, and has morphed through negative feedback to real activity, plunging the global economy into the deepest recession since World War II. What started off as a sub-prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, global financial crisis and now a global economic crisi
डॉ. डी. सुब्बाराव, गवर्नर, भारतीय रिज़र्व बैंक
Mr. Chairman, 1. The IMFC meets today in extraordinarily complex and challenging times. The financial crisis became full-blown in the second half of 2008, and has morphed through negative feedback to real activity, plunging the global economy into the deepest recession since World War II. What started off as a sub-prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, global financial crisis and now a global economic crisi
अप्रैल 23, 2009
वैश्विक वित्तीय संकट: कारण, प्रभाव, नीतिगत प्रतिक्रयाएं और सबक* - राकेश मोहन
Global Financial Crisis : Causes, Consequences and India’s Prospects By Rakesh Mohan, Deputy Governor, Reserve Bank of India at London Business School on April 23, 2009 The intensification of the global financial crisis, following the bankruptcy of Lehman Brothers in September 2008, has made the current economic and financial environment a very difficult time for the world economy, the global financial system and for central banks. The fall out of the current global f
डॉ राकेश मोहन, उप गवर्नर, भारतीय रिज़र्व बैंक
Global Financial Crisis : Causes, Consequences and India’s Prospects By Rakesh Mohan, Deputy Governor, Reserve Bank of India at London Business School on April 23, 2009 The intensification of the global financial crisis, following the bankruptcy of Lehman Brothers in September 2008, has made the current economic and financial environment a very difficult time for the world economy, the global financial system and for central banks. The fall out of the current global f
अप्रैल 21, 2009
V K Sharma: Issues in Capital account Convertibility and Lessons from the Current Financial Crisis
Mr. Jean Leviol, Minister Counsellor for Economic Affairs, Embassy of France, New Delhi, Mr. Gerard Beduneau, Director, IBFI, Banque de France, Mrs. Isabelle Vaillant, Deputy Director, International and Economic Relations, Banque de France, Mr. Sanjaya Panth, Senior Resident Representative, IMF, New Delhi, Mr. Sandip Ghose, Principal, College of Agricultural Banking, Dr. R. K. Pattnaik, Advisor, Reserve Bank of India and Dear Friends, I welcome you all to the RBI-BdF
Shri V.K. Sharma, Executive Director, Reserve Bank of India
Mr. Jean Leviol, Minister Counsellor for Economic Affairs, Embassy of France, New Delhi, Mr. Gerard Beduneau, Director, IBFI, Banque de France, Mrs. Isabelle Vaillant, Deputy Director, International and Economic Relations, Banque de France, Mr. Sanjaya Panth, Senior Resident Representative, IMF, New Delhi, Mr. Sandip Ghose, Principal, College of Agricultural Banking, Dr. R. K. Pattnaik, Advisor, Reserve Bank of India and Dear Friends, I welcome you all to the RBI-BdF
अप्रैल 02, 2009
प्लैटिनम जुबिली महोत्सव : स्टाफ सदस्यों को गवर्नर महोदय का संबोधन 1 अप्रैल 2009

प्लैटिनम जुबिली महोत्सव : स्टाफ सदस्यों को गवर्नर महोदय का संबोधन 1 अप्रैल 2009 प्रिय साथियो 75 वें वर्ष में प्रवेश करते हुए भारतीय रिज़र्व बैंक आज इस महान सरकारी संस्था के इतिहास में मील के पत्थर जैसा एक यादगार क्षण बना रहा है । इस ऐतिहासिक अवसर पर आप सभी एवं भारतीय रिज़र्व बैंक परिवार को संबोधित करते हुए मुझे बड़ी प्रसन्नता हो रही है । 2. 75 वीं वर्षगांठ मनाने का समय खुशी एवं उत्सव का है। आज का अवसर आत्म विश्लेषण का भी है, एक ऐसा अवसर जब संस्था के विकास पर नजर डालें

डॉ. डी. सुब्बाराव, गवर्नर, भारतीय रिज़र्व बैंक

प्लैटिनम जुबिली महोत्सव : स्टाफ सदस्यों को गवर्नर महोदय का संबोधन 1 अप्रैल 2009 प्रिय साथियो 75 वें वर्ष में प्रवेश करते हुए भारतीय रिज़र्व बैंक आज इस महान सरकारी संस्था के इतिहास में मील के पत्थर जैसा एक यादगार क्षण बना रहा है । इस ऐतिहासिक अवसर पर आप सभी एवं भारतीय रिज़र्व बैंक परिवार को संबोधित करते हुए मुझे बड़ी प्रसन्नता हो रही है । 2. 75 वीं वर्षगांठ मनाने का समय खुशी एवं उत्सव का है। आज का अवसर आत्म विश्लेषण का भी है, एक ऐसा अवसर जब संस्था के विकास पर नजर डालें

मार्च 26, 2009
भारत-वैश्विक वित्तीय संकट के प्रभाव का प्रबंध * डी-सुब्बाराव
Introduction 1. Less than a year ago, much of what has happened in the Indian economy since last October would have been hard to anticipate. I recall, around this time last year, the most frequently asked questions (FAQs) were, what are the factors that put India on a high growth trajectory and what can we do to remain there? Today, the FAQ is, when and how do we get back on to the high growth trajectory? The sharp turn around in the FAQs summarizes in a nutshell the
डॉ. डी. सुब्बाराव, गवर्नर, भारतीय रिज़र्व बैंक
Introduction 1. Less than a year ago, much of what has happened in the Indian economy since last October would have been hard to anticipate. I recall, around this time last year, the most frequently asked questions (FAQs) were, what are the factors that put India on a high growth trajectory and what can we do to remain there? Today, the FAQ is, when and how do we get back on to the high growth trajectory? The sharp turn around in the FAQs summarizes in a nutshell the
मार्च 23, 2009
बैंकों में प्रौद्योगिकी उभरती हुई चुनौतियौ का जबाब देना * श्यामला गोपीनाथ
Ladies and gentlemen, a very good morning. A central banker addressing an impressive gathering of technology experts on a topic which is their very own – to say the least, is a formidable task. In the current global financial context, though, I may not be surprised if many central banks, as regulators of banking and other financial institutions get more engaged with the technology aspects of the regulated institutions’ operations. 2. It is not hard to miss the role pl
श्रीमती श्यामला गोपीनाथ, उप गवर्नर, भारतीय रिज़र्व बैंक
Ladies and gentlemen, a very good morning. A central banker addressing an impressive gathering of technology experts on a topic which is their very own – to say the least, is a formidable task. In the current global financial context, though, I may not be surprised if many central banks, as regulators of banking and other financial institutions get more engaged with the technology aspects of the regulated institutions’ operations. 2. It is not hard to miss the role pl
मार्च 19, 2009
खुदरा भुगतान:परिप्रेक्ष्य और अगला मार्ग-डी. सुब्बाराव
Introduction 1. It is a great delight for me to be here at the conclusion of this seminar on Payment and Settlement Systems aimed at improving our understanding of the way forward on this vital segment of central bank infrastructure. Here, at the Reserve Bank of India (RBI), we have traversed a steep learning curve over the last several years, and come a long way in implementing an efficient and effective payment system. I am deeply conscious of the fact that we still
डॉ. डी. सुब्बाराव, गवर्नर, भारतीय रिज़र्व बैंक
Introduction 1. It is a great delight for me to be here at the conclusion of this seminar on Payment and Settlement Systems aimed at improving our understanding of the way forward on this vital segment of central bank infrastructure. Here, at the Reserve Bank of India (RBI), we have traversed a steep learning curve over the last several years, and come a long way in implementing an efficient and effective payment system. I am deeply conscious of the fact that we still
मार्च 17, 2009
खुदरा भुगतान प्रणाली-चयनित मुद्दे*-श्यामला गोपीनाथ
Ladies and Gentlemen, 1. It is indeed an honour to be the first speaker in a gathering of Payment and Settlement System professionals who will be deliberating upon various issues that I am sure will go a long way in strengthening the payment systems fabric in individual countries as well as in a global context. In the context of an otherwise gloomy scenario in the global financial system, the presence of robust payment and settlement systems infrastructure around the
श्रीमती श्यामला गोपीनाथ, उप गवर्नर, भारतीय रिज़र्व बैंक
Ladies and Gentlemen, 1. It is indeed an honour to be the first speaker in a gathering of Payment and Settlement System professionals who will be deliberating upon various issues that I am sure will go a long way in strengthening the payment systems fabric in individual countries as well as in a global context. In the context of an otherwise gloomy scenario in the global financial system, the presence of robust payment and settlement systems infrastructure around the
मार्च 03, 2009
वित्तीय नीति-निर्माण के लिए सबक-अंतर्द्वद्वों की व्याख्या- श्रीमती श्यामला गोपीनाथ
I was really struggling to select a theme for today’s address. I intended it to be relevant but not repetitive, comprehensive but not broad brush, having a policymaker’s perspective but not too uni-dimensional. Finally the theme I zeroed down on emerged out of this very exercise of the balancing act - the dilemmas and conflicts thrown up for the policymakers by the paradoxical character of recent turn of events in the global financial markets. It is rather surprising
श्रीमती श्यामला गोपीनाथ, उप गवर्नर, भारतीय रिज़र्व बैंक
I was really struggling to select a theme for today’s address. I intended it to be relevant but not repetitive, comprehensive but not broad brush, having a policymaker’s perspective but not too uni-dimensional. Finally the theme I zeroed down on emerged out of this very exercise of the balancing act - the dilemmas and conflicts thrown up for the policymakers by the paradoxical character of recent turn of events in the global financial markets. It is rather surprising

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