भाषण - आरबीआई - Reserve Bank of India
भाषण
अक्तूबर 18, 2002
Development of Bond Market in India
IntroductionBond markets link issuers, i.e., governments, state owned institutions, local bodies and corporates having financing needs, with investors having investible surplus. An efficient bond market is one where the requirements of both issuers and investors are met effectively at a price (interest rates) determined competitively, and where price adjustment to new information is seamless. For this purpose, the basic pre-requisites are: stable macro-economic enviro
Shri Mohammad Tahir, Executive Director, Reserve Bank of India
IntroductionBond markets link issuers, i.e., governments, state owned institutions, local bodies and corporates having financing needs, with investors having investible surplus. An efficient bond market is one where the requirements of both issuers and investors are met effectively at a price (interest rates) determined competitively, and where price adjustment to new information is seamless. For this purpose, the basic pre-requisites are: stable macro-economic enviro
सितंबर 28, 2002
Key Note Address at the Assembly of the Forex Dealers' Association of India at Bangalore on September 28, 2002 delivered by Smt K.J.Udeshi, Executive Director, RBI
Mr.Pravin Gupta, Chairman, Forex Association of India, Mr Tyagarajan, General Secretary, other dignitaries present here, ladies and gentlemen,It is indeed a great pleasure to be amidst you all this evening. This is my first participation in the Forex Assembly. The first thing however that came to my mind when Mr Gupta approached me is that, thankfully there could not be a more opportune time for my first visit when all is apparently well with the forex market world an
Smt. K.J. Udeshi, Executive Director, Reserve Bank of India
Mr.Pravin Gupta, Chairman, Forex Association of India, Mr Tyagarajan, General Secretary, other dignitaries present here, ladies and gentlemen,It is indeed a great pleasure to be amidst you all this evening. This is my first participation in the Forex Assembly. The first thing however that came to my mind when Mr Gupta approached me is that, thankfully there could not be a more opportune time for my first visit when all is apparently well with the forex market world an
सितंबर 11, 2002
Governance and Regulation of Financial Services
I. Introduction to the theme and the speakersThe theme for this session is a very broad one, encompassing the entire framework of regulation. However, it is very relevant in today’s times given the focus on the regulation and supervision of the institutions in the financial sector. This focus has emerged in the context of the large number of financial sector crises and bank failures, which have plagued almost all the economies in the world over the last two decades. T
Shri. G.P. Muniappan, Deputy Governor, Reserve Bank of India
I. Introduction to the theme and the speakersThe theme for this session is a very broad one, encompassing the entire framework of regulation. However, it is very relevant in today’s times given the focus on the regulation and supervision of the institutions in the financial sector. This focus has emerged in the context of the large number of financial sector crises and bank failures, which have plagued almost all the economies in the world over the last two decades. T
सितंबर 03, 2002
Managing Public Debt - Issues and Challenges
I thank the ASSOCHAM for inviting me at the Valedictory session of the Seminar on Managing Public Debt.During the course of Seminar, various aspects of Managing Public Debt have been discussed. Many suggestions have been made by the speakers. I am sure these suggestions will be sent to Government for consideration.Practically, all aspects of Debt Management have been discussed in the Seminar. I would, therefore, be supplementing to what has already been said.Role of R
Shri Mohammad Tahir, Executive Director, Reserve Bank of India
I thank the ASSOCHAM for inviting me at the Valedictory session of the Seminar on Managing Public Debt.During the course of Seminar, various aspects of Managing Public Debt have been discussed. Many suggestions have been made by the speakers. I am sure these suggestions will be sent to Government for consideration.Practically, all aspects of Debt Management have been discussed in the Seminar. I would, therefore, be supplementing to what has already been said.Role of R
अगस्त 31, 2002
Challenges Before The Indian Banking Industry
I am honoured to speak at the 55th Annual General Meeting of the Indian Banks' Association. The Indian Banks' Association started as a voluntary service Organisation in 1946 has played a very important and pivotal role for more than 50 years in the banking industry and has made commendable efforts as a facilitator in ensuring an efficient and sound banking system which is committed to excellence in operations and customer service. The Association strives to meet the d
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I am honoured to speak at the 55th Annual General Meeting of the Indian Banks' Association. The Indian Banks' Association started as a voluntary service Organisation in 1946 has played a very important and pivotal role for more than 50 years in the banking industry and has made commendable efforts as a facilitator in ensuring an efficient and sound banking system which is committed to excellence in operations and customer service. The Association strives to meet the d
अगस्त 30, 2002
Seminar on Banking Reforms and Strategies1
The first phase of banking sector reforms initiated in pursuance of the recommendations of the Committee on Financial Sector Reforms provided the necessary platform to the banking sector to operate on the basis of operational flexibility and functional autonomy, thereby enhancing efficiency, productivity and profitability. Keeping in view the major changes that took place in the macro economic environment and policy and institutional developments in the interim period
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
The first phase of banking sector reforms initiated in pursuance of the recommendations of the Committee on Financial Sector Reforms provided the necessary platform to the banking sector to operate on the basis of operational flexibility and functional autonomy, thereby enhancing efficiency, productivity and profitability. Keeping in view the major changes that took place in the macro economic environment and policy and institutional developments in the interim period
जुलाई 26, 2002
A Decade after 1991: New Challenges Facing the Indian Economy
I feel deeply honoured to have been invited to deliver the 28 th Frank Moraes Memorial Lecture this evening. I feel particularly honoured, but also humbled, when I look at the list of the very distinguished predecessors who have delivered this lecture. Frank Moraes was among the pioneers of independent Indian journalism. As editor of the Indian Express he set new standards in journalism in terms of both probity and quality of writing. I know that successive generation
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I feel deeply honoured to have been invited to deliver the 28 th Frank Moraes Memorial Lecture this evening. I feel particularly honoured, but also humbled, when I look at the list of the very distinguished predecessors who have delivered this lecture. Frank Moraes was among the pioneers of independent Indian journalism. As editor of the Indian Express he set new standards in journalism in terms of both probity and quality of writing. I know that successive generation
जुलाई 08, 2002
Bank of England’s Seminar on International Financial Architecture
Today’s topic is a very large one and the time available to us is relatively short. To make the maximum use of the time available to me, I will make four broad points rather than deal with any specific issues relating to the international financial architecture. These, we can deal with later in the seminar during the question/answer period. The First point that I want to make is that we need to recognize that the period of the 90s, despite many gains, has seen many mo
Dr. Bimal Jalan, Governor, Reserve Bank of India
Today’s topic is a very large one and the time available to us is relatively short. To make the maximum use of the time available to me, I will make four broad points rather than deal with any specific issues relating to the international financial architecture. These, we can deal with later in the seminar during the question/answer period. The First point that I want to make is that we need to recognize that the period of the 90s, despite many gains, has seen many mo
जुलाई 05, 2002
Co-Operative Banks in India : Strengthening through Corporate Governance
by Vepa Kamesam Deputy Governor, Reserve Bank of India 1I deem it a privilege to have been invited to address this gathering on a topic of tremendous relevance, focus and significance in today’s context. Needless to say, for the co-operative banks in India these are transitional times. Never before has the need for restoring customer confidence in the co-operative sector been felt so much. Never before has the issue of good governance in the co-operative banks assumed
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
by Vepa Kamesam Deputy Governor, Reserve Bank of India 1I deem it a privilege to have been invited to address this gathering on a topic of tremendous relevance, focus and significance in today’s context. Needless to say, for the co-operative banks in India these are transitional times. Never before has the need for restoring customer confidence in the co-operative sector been felt so much. Never before has the issue of good governance in the co-operative banks assumed
मई 10, 2002
India’s Foreign Exchange Reserves : Policy, Status and Issues
Mr. Chairman and friends, I am thankful to the National Council of Applied Economic Research, (NCAER) and in particular, to Dr. Suman Bery, for giving me this opportunity to make a presentation on the foreign exchange reserves. There are several reasons for speaking on this subject before this august gathering in the capital. First, the subject is receiving renewed global interest among policy makers and academicians against the backdrop of increasing globalization of
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, I am thankful to the National Council of Applied Economic Research, (NCAER) and in particular, to Dr. Suman Bery, for giving me this opportunity to make a presentation on the foreign exchange reserves. There are several reasons for speaking on this subject before this august gathering in the capital. First, the subject is receiving renewed global interest among policy makers and academicians against the backdrop of increasing globalization of
अप्रैल 22, 2002
List of Articles / Speeches Published in Reserve Bank of India Bulletin [1947-2001]
I - Articles 1. Money, prices, money supply, monetary trends, policies and credit 2. Various Aspects of Banking (including Co-operative Banking) 3. Finances of the Union and State Governments, Public Debts, etc. 4. Foreign Trade, International Finance and Balance of Payments 5. National Income, Savings, Investment and Financial Flows 6. Agricultural Production, Finance and other Aspects of Agriculture (including Co-operation) 7. Industry: Production, Finance and Relat
I - Articles 1. Money, prices, money supply, monetary trends, policies and credit 2. Various Aspects of Banking (including Co-operative Banking) 3. Finances of the Union and State Governments, Public Debts, etc. 4. Foreign Trade, International Finance and Balance of Payments 5. National Income, Savings, Investment and Financial Flows 6. Agricultural Production, Finance and other Aspects of Agriculture (including Co-operation) 7. Industry: Production, Finance and Relat
अप्रैल 19, 2002
Monetary and Financial Sector Reforms in India: A Practitioner's Perspective
Draft for Discussion For Private Circulation The objectives of this paper are to review the monetary and financial sector reforms in India, identify the emerging issues and explore the prospects for further reform. The first part is devoted to a brief background on the need for reforms taken up in 1991-92. The second part is devoted to the institutional aspects of the reform. Issues relating to ownership, competition and regulation in the financial sector as a whole,
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Draft for Discussion For Private Circulation The objectives of this paper are to review the monetary and financial sector reforms in India, identify the emerging issues and explore the prospects for further reform. The first part is devoted to a brief background on the need for reforms taken up in 1991-92. The second part is devoted to the institutional aspects of the reform. Issues relating to ownership, competition and regulation in the financial sector as a whole,
अप्रैल 18, 2002
Public Sector Banks and the Governance Challenge: Indian Experience
The objective of this paper is to detail the Indian experience in meeting the governance challenge with special reference to public sector banks (PSBs) or State-owned banks as they are described in some countries. The paper sets out the historical context of the Indian experience since the governance challenge is significantly related to the background in which state ownership emerged. This will be followed by an account of the pre-reform status encompassing the polic
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
The objective of this paper is to detail the Indian experience in meeting the governance challenge with special reference to public sector banks (PSBs) or State-owned banks as they are described in some countries. The paper sets out the historical context of the Indian experience since the governance challenge is significantly related to the background in which state ownership emerged. This will be followed by an account of the pre-reform status encompassing the polic
अप्रैल 03, 2002
Economic Reforms and Evolving Role of RBI as Banker to the Governments
Mr. Chairman, Mrs. Usha Sahajpal and friends, I am thankful to the organizers for inviting me to the Silver Jubilee Year of founding of Accounts Organisation and I recognize it as a reflection of the close cooperation and understanding that have evolved between Reserve Bank of India (RBI) as a banker to Government of India and its Accounts organisation. The title of the address refers to being banker to governments simply because RBI is a banker not only to the Centra
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman, Mrs. Usha Sahajpal and friends, I am thankful to the organizers for inviting me to the Silver Jubilee Year of founding of Accounts Organisation and I recognize it as a reflection of the close cooperation and understanding that have evolved between Reserve Bank of India (RBI) as a banker to Government of India and its Accounts organisation. The title of the address refers to being banker to governments simply because RBI is a banker not only to the Centra
अप्रैल 01, 2002
The NPA Overhang - Magnitude, Solutions, Legal Reforms
IntroductionI have readily accepted the invitation of CII for an interaction on NPAs so that the central bank can convey its concerns to those who can offer right solutions to this vexing problem and at the same time hear their view points for possible mitigation role by the central bank and government. I am thus really grateful to have been given an opportunity to talk on a subject of great interest to all who have assembled here.In fact, the problem of non performin
Shri. G.P. Muniappan, Deputy Governor, Reserve Bank of India
IntroductionI have readily accepted the invitation of CII for an interaction on NPAs so that the central bank can convey its concerns to those who can offer right solutions to this vexing problem and at the same time hear their view points for possible mitigation role by the central bank and government. I am thus really grateful to have been given an opportunity to talk on a subject of great interest to all who have assembled here.In fact, the problem of non performin
मार्च 21, 2002
Evolving Role of Gold – Recent Trends and Future Direction
Mr. Chairman, Mr. Tarapore, Distinguished visitors and friends,I am thankful to the World Gold Council (WGC) for inviting me to participate in this meeting on the future direction of the gold market. This is the third conference of WGC, with which I am being associated and I do notice that all of these are held in New Delhi. It shows that though Mumbai is the financial capital and a major centre for gold market in India, the directions of gold policy have been and wil
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman, Mr. Tarapore, Distinguished visitors and friends,I am thankful to the World Gold Council (WGC) for inviting me to participate in this meeting on the future direction of the gold market. This is the third conference of WGC, with which I am being associated and I do notice that all of these are held in New Delhi. It shows that though Mumbai is the financial capital and a major centre for gold market in India, the directions of gold policy have been and wil
मार्च 11, 2002
Developing Bond Markets in Emerging Economies : Issues and Indian Experience
Governor Dr. Tarisa Watanagase, Dean, Yoshitomi, Dr. Nachiket Mor, Mr. Joshi & friends, It gives me great pleasure to deliver the keynote address at the Asian Bond Conference organised jointly by the Thai Bond Dealing Centre (Thai BDC), Fixed Income Money Market Dealers Association of India (FIMMDA) and Primary Dealers Association of India (PDAI). It is a matter of significance that some of the major self-regulatory organisations (SROs) in the debt markets of Asia
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Governor Dr. Tarisa Watanagase, Dean, Yoshitomi, Dr. Nachiket Mor, Mr. Joshi & friends, It gives me great pleasure to deliver the keynote address at the Asian Bond Conference organised jointly by the Thai Bond Dealing Centre (Thai BDC), Fixed Income Money Market Dealers Association of India (FIMMDA) and Primary Dealers Association of India (PDAI). It is a matter of significance that some of the major self-regulatory organisations (SROs) in the debt markets of Asia
फ़रवरी 11, 2002
Winning Strategies in Small and Medium Enterprises Finance
It is a matter of great pleasure for me to be present on this occasion for the inaugural address and share some of my thoughts and experiences on the development of this vital sector of economy. The IFC and FICCI need to be congratulated for the thoughtful theme selected for the symposium. The organisation of this symposium gains importance in the context of globalisation when the Small and Medium Enterprises (SME) face challenges and take advantage of opportunities c
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
It is a matter of great pleasure for me to be present on this occasion for the inaugural address and share some of my thoughts and experiences on the development of this vital sector of economy. The IFC and FICCI need to be congratulated for the thoughtful theme selected for the symposium. The organisation of this symposium gains importance in the context of globalisation when the Small and Medium Enterprises (SME) face challenges and take advantage of opportunities c
जनवरी 23, 2002
Legal Aspects of International Financial Standards : National Law Perspective
Professor Giovanoli and friends, I am thankful to the Bank for International Settlements for giving me opportunity to make this presentation on the national law perspective, though a large number of presentations in the Seminar relate to international law. The presentation is based on Indian approach and Indian experience and focus is on processes and current status of various legislative changes that evolve in the consideration of international standards and codes. S
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Professor Giovanoli and friends, I am thankful to the Bank for International Settlements for giving me opportunity to make this presentation on the national law perspective, though a large number of presentations in the Seminar relate to international law. The presentation is based on Indian approach and Indian experience and focus is on processes and current status of various legislative changes that evolve in the consideration of international standards and codes. S
जनवरी 17, 2002
Indian Banking of Tomorrow *
It is a proud privilege to be present at a conference which not only provides an introspection of the way things have gone by but also provides a glimpse into the near future – so that banks could plan their future course of action accordingly. I am indeed privileged to make the lead presentation on a topic close to my heart – on managing change for the better. Although my topic reads as ‘Indian Banking of tomorrow’ let me hasten to add that the tomorrow is already he
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
It is a proud privilege to be present at a conference which not only provides an introspection of the way things have gone by but also provides a glimpse into the near future – so that banks could plan their future course of action accordingly. I am indeed privileged to make the lead presentation on a topic close to my heart – on managing change for the better. Although my topic reads as ‘Indian Banking of tomorrow’ let me hasten to add that the tomorrow is already he
जनवरी 16, 2002
Indian Banking : Paradigm Shift in Public Policy
Chairman, distinguished participants and friends,I am thankful to the organisers for inviting me to deliver this address. It is good to see that the focus on paradigm shift did not extend to shifting the traditional speaker at the Valedictory Address. Today’s address will be divided into five sections. The first section would capture the paradigm shift in the environment in the Indian banking as presented in the Conference and the deliberations as captured by the Rapp
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Chairman, distinguished participants and friends,I am thankful to the organisers for inviting me to deliver this address. It is good to see that the focus on paradigm shift did not extend to shifting the traditional speaker at the Valedictory Address. Today’s address will be divided into five sections. The first section would capture the paradigm shift in the environment in the Indian banking as presented in the Conference and the deliberations as captured by the Rapp
जनवरी 15, 2002
India and Globalisation
This is a truly momentous occasion in the life of this Institute, its students, its teachers, and its friends. Let me begin by conveying my heartiest congratulations to the students who are receiving their degrees today. For all of them, it is a culmination of years of hard work, and a recognition of their high academic merit. All the teachers of this great Institute, who have put in so much time and effort to make this day possible, also deserve our gratitude. I woul
Dr. Bimal Jalan, Governor, Reserve Bank of India
This is a truly momentous occasion in the life of this Institute, its students, its teachers, and its friends. Let me begin by conveying my heartiest congratulations to the students who are receiving their degrees today. For all of them, it is a culmination of years of hard work, and a recognition of their high academic merit. All the teachers of this great Institute, who have put in so much time and effort to make this day possible, also deserve our gratitude. I woul
जनवरी 15, 2002
Parameters of Monetary Policy in India
FriendsIt is a great honour to be asked to deliver an invited lecture at the annual conference of the Indian Econometric Society and I am grateful to the organisers for this opportunity. For obvious reasons, including the growing interest in monetary policy, I intend presenting before you the parameters of monetary policy in India. In the first part of this lecture, I propose to give a general overview of the parameters of monetary policy. In the second part, I would
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
FriendsIt is a great honour to be asked to deliver an invited lecture at the annual conference of the Indian Econometric Society and I am grateful to the organisers for this opportunity. For obvious reasons, including the growing interest in monetary policy, I intend presenting before you the parameters of monetary policy in India. In the first part of this lecture, I propose to give a general overview of the parameters of monetary policy. In the second part, I would
जनवरी 14, 2002
Indian Banking and Finance: Managing New Challenges
IntroductionIn my inaugural address last year, I had indicated a vision for Indian banking in the new millennium – that of a vibrant, internationally active banking system, drawing upon its innate strengths and comparative advantages to make India a major banking centre of the world. I had pointed out then that, while it may take up to 10 or even 15 years to achieve this vision, the time to begin was now. Recent developments have only served to bring forward the urgen
Dr. Bimal Jalan, Governor, Reserve Bank of India
IntroductionIn my inaugural address last year, I had indicated a vision for Indian banking in the new millennium – that of a vibrant, internationally active banking system, drawing upon its innate strengths and comparative advantages to make India a major banking centre of the world. I had pointed out then that, while it may take up to 10 or even 15 years to achieve this vision, the time to begin was now. Recent developments have only served to bring forward the urgen
जनवरी 14, 2002
Indian Banking : Paradigm Shift – A regulatory point of view
I am very happy to be here today in the midst of this distinguished gathering of practising bank economists. The decade gone by witnessed a wide range of financial sector reforms, with many of them still in the process of implementation. Some of the recently initiated measures by the RBI for risk management systems, anti money laundering safeguards and corporate governance in banks, and regulatory framework for non bank financial companies, urban cooperative banks, go
Shri. G.P. Muniappan, Deputy Governor, Reserve Bank of India
I am very happy to be here today in the midst of this distinguished gathering of practising bank economists. The decade gone by witnessed a wide range of financial sector reforms, with many of them still in the process of implementation. Some of the recently initiated measures by the RBI for risk management systems, anti money laundering safeguards and corporate governance in banks, and regulatory framework for non bank financial companies, urban cooperative banks, go
जनवरी 06, 2002
Corporate Governance and Financial Sector: Some Issues
Mr. Bhide, Dr. Saha, Distinguished Chairpersons of banks, FIs, and friends,The Annual Day of the NIBM has become an important event in the Bank’s calendar that all of us look forward to, and I am glad to be with you once again. I am thankful to Mr. Bhide and the Board of the NIBM for giving me this opportunity for an exchange of views on the important subject of Corporate Governance in banks and financial institutions. This is a timely initiative as the events of last
Dr. Bimal Jalan, Governor, Reserve Bank of India
Mr. Bhide, Dr. Saha, Distinguished Chairpersons of banks, FIs, and friends,The Annual Day of the NIBM has become an important event in the Bank’s calendar that all of us look forward to, and I am glad to be with you once again. I am thankful to Mr. Bhide and the Board of the NIBM for giving me this opportunity for an exchange of views on the important subject of Corporate Governance in banks and financial institutions. This is a timely initiative as the events of last
दिसंबर 06, 2001
Knowledge Revolution and Social Development
It gives me great pleasure to deliver the inaugural address at the IX Economic Convention 2001 at the H.R. College of Commerce & Economics for more than one reason. First and the foremost, it provides me an opportunity to be amongst students who would add to the vast pool of knowledge workers that our economy commands. If this convention helps shape their future and add to their knowledge bank, I would be most happy to play my part. Second, I learnt that the annua
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
It gives me great pleasure to deliver the inaugural address at the IX Economic Convention 2001 at the H.R. College of Commerce & Economics for more than one reason. First and the foremost, it provides me an opportunity to be amongst students who would add to the vast pool of knowledge workers that our economy commands. If this convention helps shape their future and add to their knowledge bank, I would be most happy to play my part. Second, I learnt that the annua
नवंबर 22, 2001
Corporate Governance
I am happy to be here today. I am happy to be here in this historic city of Hyderabad, which is known as the training capital of India and equally happy to be in this prestigious campus of Administrative Staff College of India, nationally acclaimed as a temple of learning and temple of training. I thank my good and esteemed friend Dr. E.A.S Sarma- a well-known administrator, intellectual, economist and academician for giving me this wonderful opportunity of addressing
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I am happy to be here today. I am happy to be here in this historic city of Hyderabad, which is known as the training capital of India and equally happy to be in this prestigious campus of Administrative Staff College of India, nationally acclaimed as a temple of learning and temple of training. I thank my good and esteemed friend Dr. E.A.S Sarma- a well-known administrator, intellectual, economist and academician for giving me this wonderful opportunity of addressing
नवंबर 02, 2001
Changing Faces of Banking : Banking With Technology 1
It gives me great pleasure to be present among you and share some of my thoughts on the changes staring at bankers today and the role that technology has to play as one of the significant contributors to managing the change. I am particularly glad that I can kick start the much needed initiatives by sowing the seeds in the minds of the topmost harbingers of change in the public sector banks. And the optimal start could not be better than the facilities provided for by
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be present among you and share some of my thoughts on the changes staring at bankers today and the role that technology has to play as one of the significant contributors to managing the change. I am particularly glad that I can kick start the much needed initiatives by sowing the seeds in the minds of the topmost harbingers of change in the public sector banks. And the optimal start could not be better than the facilities provided for by
अक्तूबर 26, 2001
Forex Markets in India: Some Thoughts
It gives me great pleasure to address this gathering of forex professionals from all over the country. Looking at the list of speakers from the central bank who have addressed this august assembly in the past, I find that you have opted for change by inviting the regulator/supervisor rather than the exchange rate policy maker and manager from RBI. Although I am not very certain as to why, may be the fact that I was on your side of the market till a few months ago migh
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
It gives me great pleasure to address this gathering of forex professionals from all over the country. Looking at the list of speakers from the central bank who have addressed this august assembly in the past, I find that you have opted for change by inviting the regulator/supervisor rather than the exchange rate policy maker and manager from RBI. Although I am not very certain as to why, may be the fact that I was on your side of the market till a few months ago migh
अक्तूबर 03, 2001
Autonomy of the Central Bank : Changing Contours in India
Dear Dr. Saxena, distinguished faculty, respected visitors, and young friends, I am grateful to the organisers for giving me this opportunity to be here with you today to deliver the Second Foundation Day Lecture. The IIM, Indore has acquired a great standing and high stature within a short span of four years and the entire credit should go to the support rendered by all, and in particular, the devotion and dedication displayed by the faculty and students to academic
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Dear Dr. Saxena, distinguished faculty, respected visitors, and young friends, I am grateful to the organisers for giving me this opportunity to be here with you today to deliver the Second Foundation Day Lecture. The IIM, Indore has acquired a great standing and high stature within a short span of four years and the entire credit should go to the support rendered by all, and in particular, the devotion and dedication displayed by the faculty and students to academic
सितंबर 22, 2001
Primary Dealers, Debt Markets and State Finances : Challenges and Responses
Mr. Joshi and friends, I am happy to be amidst you in the third of the annual Seminars organised by the Primary Dealers’ Association of India (PDAI). I wish to place on record the valuable contribution of the PDAI not only in regard to Government Securities market, but also in the consultative process in policy making in important areas in financial markets. My presence here today is a reinforcement of our collaborative efforts to enhance efficiency and assure soundne
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Joshi and friends, I am happy to be amidst you in the third of the annual Seminars organised by the Primary Dealers’ Association of India (PDAI). I wish to place on record the valuable contribution of the PDAI not only in regard to Government Securities market, but also in the consultative process in policy making in important areas in financial markets. My presence here today is a reinforcement of our collaborative efforts to enhance efficiency and assure soundne
सितंबर 12, 2001
Indian Insurance : At The Crossroads
I am grateful to the New India Assurance Company Limited for inviting me to this special function organised on the occasion of launching a new financial product for credit insurance by the Honourable Union Minister of Finance. It is fitting that New India Assurance, the first insurer fully set up by Indians in 1919 and the country's largest non-life insurer today should lead the way in product innovation. All of us present here are thankful to the Honourable Finance M
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I am grateful to the New India Assurance Company Limited for inviting me to this special function organised on the occasion of launching a new financial product for credit insurance by the Honourable Union Minister of Finance. It is fitting that New India Assurance, the first insurer fully set up by Indians in 1919 and the country's largest non-life insurer today should lead the way in product innovation. All of us present here are thankful to the Honourable Finance M
सितंबर 05, 2001
Reviving Confidence in the Indian Economy
Respected Vice-Chancellor, Professor Rama Rao, distinguished academics and friends, At the outset, I would like to express my grateful thanks to Professor Rama Rao garu for giving me the privilege and honour of delivering the first Dr. S. Radhakrishnan Memorial Lecture sponsored by the University Grants Commission and being organised by the University of Hyderabad on the occasion of the Teachers’ Days this year. So much has been written and said about Dr. Sarvepalli R
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Respected Vice-Chancellor, Professor Rama Rao, distinguished academics and friends, At the outset, I would like to express my grateful thanks to Professor Rama Rao garu for giving me the privilege and honour of delivering the first Dr. S. Radhakrishnan Memorial Lecture sponsored by the University Grants Commission and being organised by the University of Hyderabad on the occasion of the Teachers’ Days this year. So much has been written and said about Dr. Sarvepalli R
अगस्त 28, 2001
Communication Policy of the Reserve Bank of India
Mr. Green, Mr. Weetman, Mr. New and friends, I am thankful to the organisers and in particular Mr. New for giving me the honour of participating in the 150th anniversary celebrations of the Reuters Group. In all innocence, I accepted the invitation only soon to realise that there is no free lunch or free dinner in this world. I am assigned the task of inaugurating the evening and addressing the guests on this occasion. I pleaded for some draft from Reuters, though inf
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Green, Mr. Weetman, Mr. New and friends, I am thankful to the organisers and in particular Mr. New for giving me the honour of participating in the 150th anniversary celebrations of the Reuters Group. In all innocence, I accepted the invitation only soon to realise that there is no free lunch or free dinner in this world. I am assigned the task of inaugurating the evening and addressing the guests on this occasion. I pleaded for some draft from Reuters, though inf
जुलाई 20, 2001
Credit through Co-Operatives : Some Thoughts
Let me at the outset thank the Chairman and other Executives of the National Co-operative Agricultural & Rural Development Banks’ Federation Ltd. for having invited me here today. The Federation has played a very important role in providing the members a forum for joint consultations and inputs for policy formulation since its inception in 1960. It has also been instrumental in facilitating a series of initiatives for beefing up the co-operative structure by bring
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
Let me at the outset thank the Chairman and other Executives of the National Co-operative Agricultural & Rural Development Banks’ Federation Ltd. for having invited me here today. The Federation has played a very important role in providing the members a forum for joint consultations and inputs for policy formulation since its inception in 1960. It has also been instrumental in facilitating a series of initiatives for beefing up the co-operative structure by bring
जुलाई 17, 2001
Fiscal Transparency and Beyond
Mr. Chairman and friends, It has always been an extremely productive venture for me to visit Indian Merchants Chamber and interact with the gathering. The subject chosen today has special relevance at this juncture for several reasons. The Reserve Bank of India (RBI) has released a Report on Fiscal Transparency a few weeks ago and it is necessary to view it and debate it in the context of fiscal challenges and their linkages with monetary policy. The Fiscal Responsibi
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, It has always been an extremely productive venture for me to visit Indian Merchants Chamber and interact with the gathering. The subject chosen today has special relevance at this juncture for several reasons. The Reserve Bank of India (RBI) has released a Report on Fiscal Transparency a few weeks ago and it is necessary to view it and debate it in the context of fiscal challenges and their linkages with monetary policy. The Fiscal Responsibi
जून 29, 2001
Issues in Implementing International Financial Standards and Codes
Governor Jayawardena, Deputy Governor Wijewardena and friends, It gives me great pleasure to deliver this public lecture at the Centre for Banking Studies (CBS) of the Central Bank of Sri Lanka. It gives me greater pleasure to share the podium with Governor Jayawardena whom I greatly admire for his intellect, acumen and outstanding statesmanship. The last time I shared the same forum with him was at the Second South Asia Forex Dealers Association Conference at Hydera
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Governor Jayawardena, Deputy Governor Wijewardena and friends, It gives me great pleasure to deliver this public lecture at the Centre for Banking Studies (CBS) of the Central Bank of Sri Lanka. It gives me greater pleasure to share the podium with Governor Jayawardena whom I greatly admire for his intellect, acumen and outstanding statesmanship. The last time I shared the same forum with him was at the Second South Asia Forex Dealers Association Conference at Hydera
मई 22, 2001
Issues in Choosing Between Single and Multiple Regulators of Financial System
Respected Chairman, Dr. Patel, Dr. Isher Ahluwalia and distinguished participants. I am here in fulfillment of a promise made to Mrs.Isher Ahluwalia some time back to make a presentation at this prestigious institute. Needless to say it is a privilege to be here; and I am thankful to the organizers for giving me freedom to choose the subject of the day. My fascination for this subject is only about four yours old. Dr. Rangarajan, the then Governor deputed me to attend
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Respected Chairman, Dr. Patel, Dr. Isher Ahluwalia and distinguished participants. I am here in fulfillment of a promise made to Mrs.Isher Ahluwalia some time back to make a presentation at this prestigious institute. Needless to say it is a privilege to be here; and I am thankful to the organizers for giving me freedom to choose the subject of the day. My fascination for this subject is only about four yours old. Dr. Rangarajan, the then Governor deputed me to attend
मई 19, 2001
Globalisation and Challenges for South Asia
Mr. Chairman and friends, At the outset, I would like to pay homage to the memory of late Bishweshwar Prasad Koirala who dedicated his life to the cause of democracy, liberty, social justice and human rights. His distinguished contemporaries respectfully but affectionately described him as 'BP' and as Mr. P.V. Narasimha Rao, one of our Prime Ministers mentioned : 'BP belonged, in the truest sense, to both our peoples of India as well as of Nepal'. Another Prime Minist
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, At the outset, I would like to pay homage to the memory of late Bishweshwar Prasad Koirala who dedicated his life to the cause of democracy, liberty, social justice and human rights. His distinguished contemporaries respectfully but affectionately described him as 'BP' and as Mr. P.V. Narasimha Rao, one of our Prime Ministers mentioned : 'BP belonged, in the truest sense, to both our peoples of India as well as of Nepal'. Another Prime Minist
मई 10, 2001
शहरी सहकारी बैंक भावी सुधारों के लिए कार्यसूची *
शहरी सहकारी बैंक भावी सुधारों के लिए कार्यसूची * चूंकि शहरी सहकारी बैंक वित्तीय प्रणाली का अटूट हिस्सा होते हैं, रिज़र्व बैंक ने इनमें कई सुधार किये हैं। हाल ही की माधव राव समिति, जिसे शहरी सहकारी बैंकों पर उच्चाधिकार प्राप्त समिति भी कहा जाता है, ने शहरी सहकारी बैंकों को लाइसेंसिंग नीति, कमजोर और गैर-लाइसेंस प्राप्त बैंकों के भावी ढांचे, पूंजी पर्याप्तता मानदंडों का अनुप्रयोग, शहरी सहकारी बैंकों के दोहरे नियंत्रण से उभरने वाले विवादों का निपटारा आदि से संबंधित कतिपय
श्री जगदीश कपूर, उप गवर्नर, भारतीय रिज़र्व बैंक
शहरी सहकारी बैंक भावी सुधारों के लिए कार्यसूची * चूंकि शहरी सहकारी बैंक वित्तीय प्रणाली का अटूट हिस्सा होते हैं, रिज़र्व बैंक ने इनमें कई सुधार किये हैं। हाल ही की माधव राव समिति, जिसे शहरी सहकारी बैंकों पर उच्चाधिकार प्राप्त समिति भी कहा जाता है, ने शहरी सहकारी बैंकों को लाइसेंसिंग नीति, कमजोर और गैर-लाइसेंस प्राप्त बैंकों के भावी ढांचे, पूंजी पर्याप्तता मानदंडों का अनुप्रयोग, शहरी सहकारी बैंकों के दोहरे नियंत्रण से उभरने वाले विवादों का निपटारा आदि से संबंधित कतिपय
अप्रैल 27, 2001
Indian Agriculture and Reform : Concerns, Issues and Agenda
Professor Parthasarathy garu, Vice Chancellor Radhakrishna, Prof Sathyanarayana and friends. I am honoured by the fact that you have invited me to deliver the Presidential address. When the organisers first spoke to me about this lecture, I humbly submitted to Professor Parthasarathy that, in the past, many eminent personalities like Governor, Dr. Rangarajan, Professor G.S. Bhalla, Professor Vyas, Dr. K. Subba Rao and Professor Radhakrishna had delivered this address
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Professor Parthasarathy garu, Vice Chancellor Radhakrishna, Prof Sathyanarayana and friends. I am honoured by the fact that you have invited me to deliver the Presidential address. When the organisers first spoke to me about this lecture, I humbly submitted to Professor Parthasarathy that, in the past, many eminent personalities like Governor, Dr. Rangarajan, Professor G.S. Bhalla, Professor Vyas, Dr. K. Subba Rao and Professor Radhakrishna had delivered this address
अप्रैल 24, 2001
Developments in Monetary Policy and Financial Markets
I am thankful to the organisers for their perseverance in getting me to Chennai. I am using this opportunity to share with you some explanations on the Monetary and Credit Policy for 2001-02 announced last week. This is the fifth Annual Policy of Reserve Bank of India (RBI) that I have been associated with, and soon after every one of the fine statements, I had publicly articulated some explanations. The purpose has generally been to highlight elements of continuity,
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
I am thankful to the organisers for their perseverance in getting me to Chennai. I am using this opportunity to share with you some explanations on the Monetary and Credit Policy for 2001-02 announced last week. This is the fifth Annual Policy of Reserve Bank of India (RBI) that I have been associated with, and soon after every one of the fine statements, I had publicly articulated some explanations. The purpose has generally been to highlight elements of continuity,
मार्च 19, 2001
Financial Sector Reforms : An Update
Mr. Kohli, Mr. Krishnamurthy and friends, I am happy to be here again in this gathering of friends in the banking community on the occasion of the annual general meeting of the Indian Banks Association and Bankers Sports Board. I feel that it is more an occasion to conduct focussed business and celebrate rather than one to deliberate on policy issues. Yet as per tradition, I believe that there has to be an address by the chief guest. As a central banker, one always
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Kohli, Mr. Krishnamurthy and friends, I am happy to be here again in this gathering of friends in the banking community on the occasion of the annual general meeting of the Indian Banks Association and Bankers Sports Board. I feel that it is more an occasion to conduct focussed business and celebrate rather than one to deliberate on policy issues. Yet as per tradition, I believe that there has to be an address by the chief guest. As a central banker, one always
मार्च 15, 2001
Implementation of Financial Standards and Codes: Indian Perspective and Approach
In this paper it is proposed to describe the Indian perspective and approach in regard to the implementation of international financial standards and codes advocated by the Financial Stability Forum(FSF). The Indian efforts in this direction also seek to complement and support the ongoing initiatives of the G-20 aimed at encouraging implementation of standards and codes among member countries.The paper is schematized as follows. Section I explains Indias stand on glo
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
In this paper it is proposed to describe the Indian perspective and approach in regard to the implementation of international financial standards and codes advocated by the Financial Stability Forum(FSF). The Indian efforts in this direction also seek to complement and support the ongoing initiatives of the G-20 aimed at encouraging implementation of standards and codes among member countries.The paper is schematized as follows. Section I explains Indias stand on glo
फ़रवरी 14, 2001
Developmental Issues in Micro Credit
ByJagdish Capoor Deputy Governor, Reserve Bank of IndiaAt Reserve Bank of India, we are keenly interested in purveyance of credit to all those who need it, more for the small borrowers and the poorest of the poor the most. Micro Credit, therefore, has been a thrust area with us though the vehicles of credit extension have been under constant evolution over a period of time. Without a supportive regulatory environment, a continuum of institutions providing micro financ
Shri Jagdish Capoor, Deputy Governor, Reserve Bank of India
ByJagdish Capoor Deputy Governor, Reserve Bank of IndiaAt Reserve Bank of India, we are keenly interested in purveyance of credit to all those who need it, more for the small borrowers and the poorest of the poor the most. Micro Credit, therefore, has been a thrust area with us though the vehicles of credit extension have been under constant evolution over a period of time. Without a supportive regulatory environment, a continuum of institutions providing micro financ
फ़रवरी 09, 2001
Central Banking in the New Millennium*
Mr. Chairman Kohli, Mr. Narang and friends. I am happy to be here among bank economists to deliver the customary valedictory address of the Bank Economists Conference. I find that the subject chosen for this year is very broad and relates to the whole of the banking sector. I carefully read the papers presented at the Conference and I find the coverage to be comprehensive and analysis insightful as usual. The current year's Conference also had the benefit of special p
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman Kohli, Mr. Narang and friends. I am happy to be here among bank economists to deliver the customary valedictory address of the Bank Economists Conference. I find that the subject chosen for this year is very broad and relates to the whole of the banking sector. I carefully read the papers presented at the Conference and I find the coverage to be comprehensive and analysis insightful as usual. The current year's Conference also had the benefit of special p
जनवरी 16, 2001
वित्तीय स्थिरता और बैंकों की भूमिका
वित्तीय स्थिरता और बैंकों की भूमिकाएक सुदृढ़ और दक्ष वित्तीय प्रणाली बाजार-संचालित, उत्पादक और प्रतिस्पर्धी अर्थव्यवस्था के निर्माण के उद्देश्य को प्राप्त करने के लिए महत्त्वपूर्ण है। अत: वित्तीय स्थिरता के लिए स्वस्थ वित्तीय संस्थाओं, विशेषकर, बैंकों का संवर्धन एक महत्त्वपूर्ण पूर्व-शर्त है। यह देखा गया है कि औद्योगिक देशों में अथवा उभरती हुई बाजारी अर्थव्यवस्था में अभी भी संकटों के सर्वाधिक अवसर आते हैं। इसका कारण है अच्छे समय में समग्र तुलनपत्रों में अत्यधिक विस्ता
श्री एस पी तलवार, उप गवर्नर, भारतीय रिज़र्व बैंक
वित्तीय स्थिरता और बैंकों की भूमिकाएक सुदृढ़ और दक्ष वित्तीय प्रणाली बाजार-संचालित, उत्पादक और प्रतिस्पर्धी अर्थव्यवस्था के निर्माण के उद्देश्य को प्राप्त करने के लिए महत्त्वपूर्ण है। अत: वित्तीय स्थिरता के लिए स्वस्थ वित्तीय संस्थाओं, विशेषकर, बैंकों का संवर्धन एक महत्त्वपूर्ण पूर्व-शर्त है। यह देखा गया है कि औद्योगिक देशों में अथवा उभरती हुई बाजारी अर्थव्यवस्था में अभी भी संकटों के सर्वाधिक अवसर आते हैं। इसका कारण है अच्छे समय में समग्र तुलनपत्रों में अत्यधिक विस्ता
जनवरी 15, 2001
Banking and Finance in the New Millennium.
This is the first Bank Economists Conference in the new millennium, and the subject that you have chosen for this important conference "Indian Banking in the New Millennium" will set the tone and pace of development in the banking and financial sector for the future.2. Indias banking system has several outstanding achievements to its credit, the most striking of which is its reach. An extensive banking network has been established in the last thirty years, and India
Dr. Bimal Jalan, Governor, Reserve Bank of India
This is the first Bank Economists Conference in the new millennium, and the subject that you have chosen for this important conference "Indian Banking in the New Millennium" will set the tone and pace of development in the banking and financial sector for the future.2. Indias banking system has several outstanding achievements to its credit, the most striking of which is its reach. An extensive banking network has been established in the last thirty years, and India
जनवरी 15, 2001
"Indias Economy in the Twenty-First Century: A New Beginning or A False Dawn"
I am grateful to Dr. Kapila Vatsayayan and Shri N.N. Vohra for inviting me to deliver the Dr. C.D.Deshmukh Memorial Lecture today. This annual Lecture in memory of one of Indias most distinguished thinkers and policy makers is a highly prestigious occasion, and one of the highlights of the India International Centre (IIC) calendar of events. When I was first asked, I must confess that I was reluctant as I was not sure whether matters which dominate my professional li
Dr. Bimal Jalan, Governor, Reserve Bank of India
I am grateful to Dr. Kapila Vatsayayan and Shri N.N. Vohra for inviting me to deliver the Dr. C.D.Deshmukh Memorial Lecture today. This annual Lecture in memory of one of Indias most distinguished thinkers and policy makers is a highly prestigious occasion, and one of the highlights of the India International Centre (IIC) calendar of events. When I was first asked, I must confess that I was reluctant as I was not sure whether matters which dominate my professional li
पृष्ठ अंतिम बार अपडेट किया गया: अगस्त 16, 2024