Speeches - ആർബിഐ - Reserve Bank of India
Speeches & Interviews
Speeches & Media Interactions
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor June 07, 2024
Speeches
ഓഗ 05, 2019
Consumer Protection in a digital financial world – Initiatives and beyond
Deputy Governor Shri Kanungo, Executive Director, Mrs. Marandi, other Executive Directors of the Reserve Bank of India, Managing Directors/ Chief Executive Officers from banks, overseas guests, colleagues from the Reserve Bank of India and other institutions. I am happy to be here for delivering this address at this annual event of the Consumer Education and Protection Department (CEPD), Central Office (CO) on a historic moment as we enter the silver jubilee year of t
Shri M. K. Jain, Deputy Governor, Reserve Bank of India
Deputy Governor Shri Kanungo, Executive Director, Mrs. Marandi, other Executive Directors of the Reserve Bank of India, Managing Directors/ Chief Executive Officers from banks, overseas guests, colleagues from the Reserve Bank of India and other institutions. I am happy to be here for delivering this address at this annual event of the Consumer Education and Protection Department (CEPD), Central Office (CO) on a historic moment as we enter the silver jubilee year of t
ജൂലൈ 26, 2019
Governor’s Remarks at the Book Release of Shri V. Srinivas
I am delighted to be part of this event for the launch of Shri V. Srinivas’s book on “India’s Relations with the International Monetary Fund”. A respected civil servant of the 1989 batch, he has drawn extensively on his hands-on stint as Advisor to the Executive Director for India at the IMF during 2003-06, combining it with his scholarship and experience in policy making. The book and the function today will promote readership on an important subject and spur more th
Shri Shaktikanta Das, Governor, Reserve Bank of India
I am delighted to be part of this event for the launch of Shri V. Srinivas’s book on “India’s Relations with the International Monetary Fund”. A respected civil servant of the 1989 batch, he has drawn extensively on his hands-on stint as Advisor to the Executive Director for India at the IMF during 2003-06, combining it with his scholarship and experience in policy making. The book and the function today will promote readership on an important subject and spur more th
ജൂൺ 29, 2019
Development of Viable Capital Markets – The Indian Experience
1. Introduction 1.1 Capital markets play a crucial role in the economic development of a country. They provide financial resources required for the long-term sustainable development of the economy. Development of viable capital markets is therefore considered an important element in the macro-financial policy toolkit, including for objectives such as financial stability and the transmission of monetary policy. 1.2 The Committee on Global Financial System (CGFS), which
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
1. Introduction 1.1 Capital markets play a crucial role in the economic development of a country. They provide financial resources required for the long-term sustainable development of the economy. Development of viable capital markets is therefore considered an important element in the macro-financial policy toolkit, including for objectives such as financial stability and the transmission of monetary policy. 1.2 The Committee on Global Financial System (CGFS), which
ജൂൺ 28, 2019
Governor's Speech on the occasion of the Annual Statistics Day Conference on June 28, 2019, Mumbai
I am honoured to inaugurate this year’s Statistics Day Conference, the thirteenth in the series organised by the Reserve Bank to commemorate the contributions of Professor Prasanta Chandra Mahalanobis. While paying tribute to him, I would like to take this opportunity to review some of the recent challenges in the field of statistics and in that context, to envision our future plans. 2. Professor Mahalanobis’s achievements in the field of statistics are pioneering and
Shri Shaktikanta Das, Governor, Reserve Bank of India
I am honoured to inaugurate this year’s Statistics Day Conference, the thirteenth in the series organised by the Reserve Bank to commemorate the contributions of Professor Prasanta Chandra Mahalanobis. While paying tribute to him, I would like to take this opportunity to review some of the recent challenges in the field of statistics and in that context, to envision our future plans. 2. Professor Mahalanobis’s achievements in the field of statistics are pioneering and
ജൂൺ 24, 2019
Statement by Governor on launch of Complaint Management System
The Complaint Management System (CMS), the application being launched today, symbolizes RBI’s commitment to improve customer experience in grievance redressal process by ensuring timely resolution of complaints received at the Reserve Bank. I take this opportunity to seek the co-operation of all RBI regulated entities with public interface such as commercial banks, Urban Co-operative banks, Non-Banking Financial Companies (NBFCs), etc. in resolving customer complaints
Shri Shaktikanta Das, Governor, Reserve Bank of India
The Complaint Management System (CMS), the application being launched today, symbolizes RBI’s commitment to improve customer experience in grievance redressal process by ensuring timely resolution of complaints received at the Reserve Bank. I take this opportunity to seek the co-operation of all RBI regulated entities with public interface such as commercial banks, Urban Co-operative banks, Non-Banking Financial Companies (NBFCs), etc. in resolving customer complaints
ജൂൺ 17, 2019
Evolving Role of Central Banks
It gives me great pleasure to be here at the LBSNAA for the inauguration of this Phase V mid-career programme for IAS officers. I have many pleasant memories of this premier training institution where I had come after joining the IAS in the year 1980. I am thankful to Shri Sanjeev Chopra, Director of the Academy and members of the Faculty for having invited me to address such an august gathering. 2. I am sure each one of you has worked hard and achieved many milestone
Shri Shaktikanta Das, Governor, Reserve Bank of India
It gives me great pleasure to be here at the LBSNAA for the inauguration of this Phase V mid-career programme for IAS officers. I have many pleasant memories of this premier training institution where I had come after joining the IAS in the year 1980. I am thankful to Shri Sanjeev Chopra, Director of the Academy and members of the Faculty for having invited me to address such an august gathering. 2. I am sure each one of you has worked hard and achieved many milestone
ജൂൺ 08, 2019
Indian Banking Sector: Current Status and the Way Forward
I am happy to be participating in the Fifteenth Annual Convocation ceremony of Post-Graduate Diploma in Management (Banking and Financial Services) for the Batch of 2017-19. I thank Dr. K.L. Dhingra, Director, National Institute of Bank Management (NIBM) and members of faculty for inviting me to join the young minds at their convocation ceremony. This is indeed a moment of pride for students as it marks the fruition of years of dedication, perseverance and hard work.
Shri Shaktikanta Das, Governor, Reserve Bank of India
I am happy to be participating in the Fifteenth Annual Convocation ceremony of Post-Graduate Diploma in Management (Banking and Financial Services) for the Batch of 2017-19. I thank Dr. K.L. Dhingra, Director, National Institute of Bank Management (NIBM) and members of faculty for inviting me to join the young minds at their convocation ceremony. This is indeed a moment of pride for students as it marks the fruition of years of dedication, perseverance and hard work.
ഏപ്രി 25, 2019
India’s growing significance in global arena. Is it Sustainable? Are we ready for it?
1. It is a great pleasure to be amidst you today and I wish to thank FEDAI and the organisers of this conference for the privilege to speak to you. FEDAI has been playing a seminal role in steering the cross-border transactions of the members of public as well as interbank transactions in the foreign exchange market for more than six decades now. It may be recalled that FEDAI was formed to secularise foreign exchange transactions in the early days when only select bra
Shri B. P. Kanungo, Deputy Governor, Reserve Bank of India
1. It is a great pleasure to be amidst you today and I wish to thank FEDAI and the organisers of this conference for the privilege to speak to you. FEDAI has been playing a seminal role in steering the cross-border transactions of the members of public as well as interbank transactions in the foreign exchange market for more than six decades now. It may be recalled that FEDAI was formed to secularise foreign exchange transactions in the early days when only select bra
ഏപ്രി 25, 2019
17th C.D. Deshmukh Memorial Lecture
On behalf of the Reserve Bank of India, I am delighted to welcome Mr. Agustin Carstens, General Manager of the Bank for International Settlements to deliver the C. D. Deshmukh Memorial lecture, the seventeenth in the series. We are also honored to have Smt. and Shri Atul Deshmukh from late Shri C. D. Deshmukh’s family. A hearty welcome to all the distinguished invitees of the Reserve Bank. 2. At the outset, I would like to say a few words about Shri C. D. Deshmukh to
Shri Shaktikanta Das, Governor, Reserve Bank of India
On behalf of the Reserve Bank of India, I am delighted to welcome Mr. Agustin Carstens, General Manager of the Bank for International Settlements to deliver the C. D. Deshmukh Memorial lecture, the seventeenth in the series. We are also honored to have Smt. and Shri Atul Deshmukh from late Shri C. D. Deshmukh’s family. A hearty welcome to all the distinguished invitees of the Reserve Bank. 2. At the outset, I would like to say a few words about Shri C. D. Deshmukh to
ഏപ്രി 13, 2019
Global Risks and Policy Challenges facing Emerging Market Economies
Thank you for inviting me to this forum. I intend to cover some of the global risks and policy challenges from the perspective of emerging market economies (EMEs). We are aware that most EMEs have emerged more resilient than before from a turbulent 2018. For the greater part of 2018, the EMEs faced a wave of global spillover risks leading to capital outflows, currency and asset price volatility and tightened financial conditions. These developments posed risks to grow
Shri Shaktikanta Das, Governor, Reserve Bank of India
Thank you for inviting me to this forum. I intend to cover some of the global risks and policy challenges from the perspective of emerging market economies (EMEs). We are aware that most EMEs have emerged more resilient than before from a turbulent 2018. For the greater part of 2018, the EMEs faced a wave of global spillover risks leading to capital outflows, currency and asset price volatility and tightened financial conditions. These developments posed risks to grow
മാർ 25, 2019
Opportunities and Challenges of FinTech
I am extremely happy to participate in NITI Aayog’s FinTech Conclave 2019 and share my thoughts on the technological revolution that is shaping the future of finance. I am particularly thankful to Shri Amitabh Kant, CEO of NITI Aayog for having invited me to such an august gathering. As I understand, this Conclave is woven around the theme of Indian FinTech ecosystem as well as steps required to help achieve the potential that the sector offers towards growth, employm
Shri Shaktikanta Das, Governor, Reserve Bank of India
I am extremely happy to participate in NITI Aayog’s FinTech Conclave 2019 and share my thoughts on the technological revolution that is shaping the future of finance. I am particularly thankful to Shri Amitabh Kant, CEO of NITI Aayog for having invited me to such an august gathering. As I understand, this Conclave is woven around the theme of Indian FinTech ecosystem as well as steps required to help achieve the potential that the sector offers towards growth, employm
മാർ 19, 2019
Some thoughts on Fiscal Federalism
I am honoured to be invited for the launch of the book "Indian Fiscal Federalism" authored by Dr. Y.V. Reddy and Shri G.R. Reddy. This is the latest in a prolific body of work that draws from Dr. Reddy’s hands-on experience with the Indian economy and public policy. These insightful expositions are interwoven with glimpses of Dr. Reddy’s professional life and his 'insider' views. 2. As Governor of the Reserve Bank of India during 2003-2008, after his stint as Deputy G
Shri Shaktikanta Das, Governor, Reserve Bank of India
I am honoured to be invited for the launch of the book "Indian Fiscal Federalism" authored by Dr. Y.V. Reddy and Shri G.R. Reddy. This is the latest in a prolific body of work that draws from Dr. Reddy’s hands-on experience with the Indian economy and public policy. These insightful expositions are interwoven with glimpses of Dr. Reddy’s professional life and his 'insider' views. 2. As Governor of the Reserve Bank of India during 2003-2008, after his stint as Deputy G
ജനു 24, 2019
Some Reflections on Micro Credit and How a Public Credit Registry Can Strengthen It
Sometimes when I sit down to write down a new set of remarks, the same old thoughts cross my mind, a bit like one’s favorite songs that are so deeply entrenched in the psyche that at the end of a long day when one is reflecting on the subject, they start playing all over again, without any reason and without any conscious decision to rewind to them. In my case, a few striking images flash across my eyes. I have tried in what follows to describe these images and what t
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
Sometimes when I sit down to write down a new set of remarks, the same old thoughts cross my mind, a bit like one’s favorite songs that are so deeply entrenched in the psyche that at the end of a long day when one is reflecting on the subject, they start playing all over again, without any reason and without any conscious decision to rewind to them. In my case, a few striking images flash across my eyes. I have tried in what follows to describe these images and what t
ജനു 18, 2019
Reflections on Current Policy Issues Facing the Indian Economy
I am very happy to participate in the 9th edition of Vibrant Gujarat Global Summit. It is indeed a pleasure to be here and share my thoughts on various contours of the Indian economy. I thank the organisers of this event, namely the Government of Gujarat, National Investment and Infrastructure Fund and the Department of Economic Affairs, Ministry of Finance, Government of India for inviting me to this Roundtable. 2. As this august audience would know, India in recent
Shri Shaktikanta Das, Governor, Reserve Bank of India
I am very happy to participate in the 9th edition of Vibrant Gujarat Global Summit. It is indeed a pleasure to be here and share my thoughts on various contours of the Indian economy. I thank the organisers of this event, namely the Government of Gujarat, National Investment and Infrastructure Fund and the Department of Economic Affairs, Ministry of Finance, Government of India for inviting me to this Roundtable. 2. As this august audience would know, India in recent
നവം 02, 2018
Some Thoughts on Credit Risk and Bank Capital Regulation
It is a privilege to be welcomed within the precincts of one of the premier management institutes of the country and, more importantly, to get an opportunity to engage with some of the promising young minds and aspiring future leaders. All of you are going to enter the job stream at a very interesting point in our country’s economic history. We are all meeting today in the wake of a number of landmark economic reforms, of which I would like to touch upon two in partic
Shri N.S. Vishwanathan, Deputy Governor, Reserve Bank of India
It is a privilege to be welcomed within the precincts of one of the premier management institutes of the country and, more importantly, to get an opportunity to engage with some of the promising young minds and aspiring future leaders. All of you are going to enter the job stream at a very interesting point in our country’s economic history. We are all meeting today in the wake of a number of landmark economic reforms, of which I would like to touch upon two in partic
ഒക്ടോ 26, 2018
On the Importance of Independent Regulatory Institutions – The Case of the Central Bank
No analogy is perfect; yet, analogies help convey things better. At times, a straw man has to be set up to make succinctly a practical or even an academic point. Occasionally, however, real life examples come along beautifully to make a communicator’s work easier. Let me start today with an antecedent from 2010 as it is particularly apposite for the theme of my talk: “My time at the central bank is up and that is why I have decided to leave my post definitively, with
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
No analogy is perfect; yet, analogies help convey things better. At times, a straw man has to be set up to make succinctly a practical or even an academic point. Occasionally, however, real life examples come along beautifully to make a communicator’s work easier. Let me start today with an antecedent from 2010 as it is particularly apposite for the theme of my talk: “My time at the central bank is up and that is why I have decided to leave my post definitively, with
ഒക്ടോ 12, 2018
Prompt Corrective Action: An Essential Element of Financial Stability Framework
Abstract This talk explains why the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI) is an essential element of its financial stability framework. It lays out the case for structured early intervention and resolution by regulators for banks that become under-capitalised due to poor asset quality or vulnerable due to loss of profitability. Detailing the mandatory and discretionary actions under the RBI's Revised PCA framework, it compares and
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
Abstract This talk explains why the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI) is an essential element of its financial stability framework. It lays out the case for structured early intervention and resolution by regulators for banks that become under-capitalised due to poor asset quality or vulnerable due to loss of profitability. Detailing the mandatory and discretionary actions under the RBI's Revised PCA framework, it compares and
സെപ്റ്റം 20, 2018
Preventive Vigilance – The Key Tool of Good Governance at Public Sector Institutions
Dr. Urjit R. Patel, Governor, Reserve Bank of India
ഓഗ 31, 2018
State Government Market Borrowings – Issues and Prospects
Shri Chandra Shekhar Ghosh, President, Bengal Chamber of Commerce, Shri T. Bandopadhyay, ladies and gentlemen. I am thankful to the Bengal Chamber of Commerce and Industry for providing me the opportunity to be present here and speak on the subject of ‘State Government Borrowing’. In the federal system of governance that we have in our country, both the Central and the State Governments are responsible for the development of the nation. To discharge the responsibility
Shri B. P. Kanungo, Deputy Governor, Reserve Bank of India
Shri Chandra Shekhar Ghosh, President, Bengal Chamber of Commerce, Shri T. Bandopadhyay, ladies and gentlemen. I am thankful to the Bengal Chamber of Commerce and Industry for providing me the opportunity to be present here and speak on the subject of ‘State Government Borrowing’. In the federal system of governance that we have in our country, both the Central and the State Governments are responsible for the development of the nation. To discharge the responsibility
ഓഗ 24, 2018
Importance of strong Governance & Secure IT Operations for Urban Co-operative Banks to Remain Relevant
I am happy to be here in this edition of Sahakar Setu organised by the Gujarat Urban Cooperative Banks Federation. The Federation has been proactive in providing leadership to the cooperative movement in the State of Gujarat. It is because of the efforts of the Federation and its member banks, the cooperative banks in the State could emerge stronger out of the Madhavpura Bank crisis. The Federation has taken several measures particularly in adoption of technology by t
Shri N.S. Vishwanathan, Deputy Governor, Reserve Bank of India
I am happy to be here in this edition of Sahakar Setu organised by the Gujarat Urban Cooperative Banks Federation. The Federation has been proactive in providing leadership to the cooperative movement in the State of Gujarat. It is because of the efforts of the Federation and its member banks, the cooperative banks in the State could emerge stronger out of the Madhavpura Bank crisis. The Federation has taken several measures particularly in adoption of technology by t
ഓഗ 20, 2018
Public Credit Registry (PCR) and Goods and Services Tax Network (GSTN): Giant Strides to Democratise and Formalise Credit in India
It is a pleasure to be with you all and share with you my thoughts on some recent developments that are expected to have transformative implications for our country. In particular, I wish to draw your attention to some major initiatives in gathering and analysing better credit data that can potentially have a huge impact in creating a financially healthy India. It is a known fact that a large part of the Indian economy is informal. This year’s Economic Survey has give
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
It is a pleasure to be with you all and share with you my thoughts on some recent developments that are expected to have transformative implications for our country. In particular, I wish to draw your attention to some major initiatives in gathering and analysing better credit data that can potentially have a huge impact in creating a financially healthy India. It is a known fact that a large part of the Indian economy is informal. This year’s Economic Survey has give
ഓഗ 03, 2018
Remarks for the Convocation Ceremony at the Meghnad Desai Academy of Economics - Urjit R. Patel
Dr. Urjit R. Patel, Governor, Reserve Bank of India
മേയ് 30, 2018
Excellence in Payments
Shri B. Mahapatra, Chairman, NPCI, Shri Dilip Asbe, MD, NPCI, distinguished guests, fellow bankers, captains of the industry and the Honourable members of the Jury – it gives me great pleasure to be amidst you all as NPCI today recognises the significant work done by the innovators in payment systems of the country. Let me begin with a quote by Robin Sharma, the motivational speaker, who says ‘Small daily improvements over time lead to stunning results’. No one can di
Shri B. P. Kanungo, Deputy Governor, Reserve Bank of India
Shri B. Mahapatra, Chairman, NPCI, Shri Dilip Asbe, MD, NPCI, distinguished guests, fellow bankers, captains of the industry and the Honourable members of the Jury – it gives me great pleasure to be amidst you all as NPCI today recognises the significant work done by the innovators in payment systems of the country. Let me begin with a quote by Robin Sharma, the motivational speaker, who says ‘Small daily improvements over time lead to stunning results’. No one can di
ഏപ്രി 18, 2018
It is not Business as Usual for Lenders and Borrowers
1. Chief guest, Shri M. Damodaran, Dr. Dhingra, Director NIBM, other dignitaries on the dais, distinguished bankers, faculty and staff of the institution, proud parents, and, all graduating students, and of course, friends from media, I thank NIBM for giving me the opportunity to be part of this occasion and share some thoughts when another batch of bank management graduates is passing out. 2. Martin Luther King Jr. once said “Intelligence plus character – that is the
Shri N.S. Vishwanathan, Executive Director, Reserve Bank of India
1. Chief guest, Shri M. Damodaran, Dr. Dhingra, Director NIBM, other dignitaries on the dais, distinguished bankers, faculty and staff of the institution, proud parents, and, all graduating students, and of course, friends from media, I thank NIBM for giving me the opportunity to be part of this occasion and share some thoughts when another batch of bank management graduates is passing out. 2. Martin Luther King Jr. once said “Intelligence plus character – that is the
മാർ 14, 2018
Banking Regulatory Powers Should Be Ownership Neutral
I speak today to highlight some fundamental fissures that exist in the regulation of banks, in particular, public sector banks (PSBs). It has been slightly over a month since the latest fraud in the Indian banking sector broke news. Success has many fathers; failures none. Hence, there has been the usual blame game, passing the buck, and a tonne of honking, mostly short-term and knee-jerk reactions. These appear to have prevented the participants in this cacophony fro
Dr. Urjit R. Patel, Governor, Reserve Bank of India
I speak today to highlight some fundamental fissures that exist in the regulation of banks, in particular, public sector banks (PSBs). It has been slightly over a month since the latest fraud in the Indian banking sector broke news. Success has many fathers; failures none. Hence, there has been the usual blame game, passing the buck, and a tonne of honking, mostly short-term and knee-jerk reactions. These appear to have prevented the participants in this cacophony fro
ഫെബ്രു 10, 2018
India’s Economic Reforms: Reflections on the Unfinished Agenda
Introduction Governor Patel and friends, The Reserve Bank of India (RBI) has occupied a special place in my thoughts ever since I was here as a Special Adviser thirty-four years ago. It was an immensely enjoyable period of my life, not least because my ring-side position taught me more about public policy than any number of scholarly books and papers. Public policy was also the mission of Mr. L.K. Jha’s exceptionally distinguished career. He was, without question, one
Professor Vijay Joshi, Emeritus Fellow, Merton College, Oxford
Introduction Governor Patel and friends, The Reserve Bank of India (RBI) has occupied a special place in my thoughts ever since I was here as a Special Adviser thirty-four years ago. It was an immensely enjoyable period of my life, not least because my ring-side position taught me more about public policy than any number of scholarly books and papers. Public policy was also the mission of Mr. L.K. Jha’s exceptionally distinguished career. He was, without question, one
ജനു 15, 2018
Understanding and Managing Interest Rate Risk at Banks
Let me at the outset wish all of you a happy and healthy New Year. Thank you to Fixed Income Money Markets and Derivatives Association (FIIMDA) and its organizing team for inviting me to deliver this keynote address at its Annual Meet. I will speak today about understanding and managing better the interest rate risk at Indian banks. I will start, however, by looking elsewhere and historically, often a very good place to start. In the period after the Global Financial
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
Let me at the outset wish all of you a happy and healthy New Year. Thank you to Fixed Income Money Markets and Derivatives Association (FIIMDA) and its organizing team for inviting me to deliver this keynote address at its Annual Meet. I will speak today about understanding and managing better the interest rate risk at Indian banks. I will start, however, by looking elsewhere and historically, often a very good place to start. In the period after the Global Financial
ജനു 10, 2018
Regulation and Financial Stability
Shri Hemant Bangur, President, Merchant Chamber of Commerce and Industry, Shri Pawan Bajaj, MD and CEO, United Bank of India, other dignitaries on the dais, friends from the print and electronic media, ladies and gentlemen. I am happy to be here in front of this august gathering to share my thoughts on ‘’Regulations and Financial Stability’’. The financial system and markets have to be subject to suitable regulation. Therefore, the macroeconomic policies and prudentia
Shri N.S. Vishwanathan, Executive Director, Reserve Bank of India
Shri Hemant Bangur, President, Merchant Chamber of Commerce and Industry, Shri Pawan Bajaj, MD and CEO, United Bank of India, other dignitaries on the dais, friends from the print and electronic media, ladies and gentlemen. I am happy to be here in front of this august gathering to share my thoughts on ‘’Regulations and Financial Stability’’. The financial system and markets have to be subject to suitable regulation. Therefore, the macroeconomic policies and prudentia
ഡിസം 15, 2017
CAFRAL Conference on “Financial System and the Macroeconomy”
1. It gives me great pleasure to be here this morning to share some observations and thoughts. The theme of this international conference: “Financial System and the Macroeconomy”, and the papers that are slated for presentation touch upon a number of issues that the Reserve Bank has been grappling with. (Needless to say, some of the conference participants who follow the Indian economy closely would already be aware of what I am about to briefly enunciate, but others
Dr. Urjit R. Patel, Governor, Reserve Bank of India
1. It gives me great pleasure to be here this morning to share some observations and thoughts. The theme of this international conference: “Financial System and the Macroeconomy”, and the papers that are slated for presentation touch upon a number of issues that the Reserve Bank has been grappling with. (Needless to say, some of the conference participants who follow the Indian economy closely would already be aware of what I am about to briefly enunciate, but others
ഡിസം 14, 2017
Global spillovers: Managing capital flows and forex reserves
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
നവം 20, 2017
One Year in the Life of India's Monetary Policy Committee
At 2.30 pm on October 4, 2017 the resolution of the Monetary Policy Committee (MPC) was released on the website of the Reserve Bank of India (RBI) and history was made in a small way. Exactly a year ago, a page was turned on a tradition that went back to the origins of the RBI in pre-independent India. The monetary policy decision, hitherto made solely by the Governor of the RBI, was ceded to a six-member committee comprising the Governor as the Chairperson, the Deput
Dr. Michael Debabrata Patra, Executive Director, Reserve Bank of India
At 2.30 pm on October 4, 2017 the resolution of the Monetary Policy Committee (MPC) was released on the website of the Reserve Bank of India (RBI) and history was made in a small way. Exactly a year ago, a page was turned on a tradition that went back to the origins of the RBI in pre-independent India. The monetary policy decision, hitherto made solely by the Governor of the RBI, was ceded to a six-member committee comprising the Governor as the Chairperson, the Deput
നവം 16, 2017
Monetary Transmission in India: Why is it important and why hasn’t it worked well?
When I travel from my residence in Vile Parle (W) to the Reserve Bank of India Central Office in Fort, I pass each way Kenilworth – the birth place of late Homi Jehangir Bhabha. It is a good way to start and end the day, being reminded not just of his immense intellect but also of his deep sense of service to India. I am thus grateful to Professor Dipan Ghosh, who was the Dean of Students during my time at IIT Bombay, for inviting me to speak today in the Homi Bhabha
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
When I travel from my residence in Vile Parle (W) to the Reserve Bank of India Central Office in Fort, I pass each way Kenilworth – the birth place of late Homi Jehangir Bhabha. It is a good way to start and end the day, being reminded not just of his immense intellect but also of his deep sense of service to India. I am thus grateful to Professor Dipan Ghosh, who was the Dean of Students during my time at IIT Bombay, for inviting me to speak today in the Homi Bhabha
നവം 05, 2017
Initial Steps Towards the Setting up of a Public Credit Registry for India
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
ഒക്ടോ 23, 2017
Financial regulation and economic policies for avoiding the next crisis
1. Let me start by reminding ourselves of some numbers that are a key backdrop for today’s panel discussion. Total global external liabilities have grown from 30 per cent to 190 per cent of global GDP between 1980 and 2015, far outpacing the growth in global trade (from 19 per cent to 28 per cent of GDP over the same period). The main vehicle of this new globalisation has been cross-border banking flows, which constituted a third of global capital flows in the decade
Dr. Urjit R. Patel, Governor, Reserve Bank of India
1. Let me start by reminding ourselves of some numbers that are a key backdrop for today’s panel discussion. Total global external liabilities have grown from 30 per cent to 190 per cent of global GDP between 1980 and 2015, far outpacing the growth in global trade (from 19 per cent to 28 per cent of GDP over the same period). The main vehicle of this new globalisation has been cross-border banking flows, which constituted a third of global capital flows in the decade
സെപ്റ്റം 07, 2017
The Unfinished Agenda: Restoring Public Sector Bank Health in India
Good evening, friends. I am grateful to the Indian Institute of Banking and Finance (IIBF) for inviting me to deliver the 8th R K Talwar Memorial Lecture. Every institution must remember, venerate and celebrate the immense contributions of those who helped lay down and solidify its character for future generations to build upon. Principles, careers and lives such as those of Mr Talwar inspire us, as in Henry Wadsworth Longfellow’s The Psalm of Life: Lives of great men
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
Good evening, friends. I am grateful to the Indian Institute of Banking and Finance (IIBF) for inviting me to deliver the 8th R K Talwar Memorial Lecture. Every institution must remember, venerate and celebrate the immense contributions of those who helped lay down and solidify its character for future generations to build upon. Principles, careers and lives such as those of Mr Talwar inspire us, as in Henry Wadsworth Longfellow’s The Psalm of Life: Lives of great men
ഓഗ 31, 2017
Seminar on Agricultural Debt Waiver – Efficacy and Limitations
Ladies and Gentlemen, On behalf of the Reserve Bank of India, I warmly welcome you and thank you for accepting our invitation to join us today in this seminar. 1. In the recent period, farm loan waivers have engaged intense attention among the farming community, policy makers, academics, analysts and researchers. On the one hand, there is a gamut of issues that have intensified the anguish of our farmers. In this context, farm loan waivers have brought forward the urg
Dr. Urjit R. Patel, Governor, Reserve Bank of India
Ladies and Gentlemen, On behalf of the Reserve Bank of India, I warmly welcome you and thank you for accepting our invitation to join us today in this seminar. 1. In the recent period, farm loan waivers have engaged intense attention among the farming community, policy makers, academics, analysts and researchers. On the one hand, there is a gamut of issues that have intensified the anguish of our farmers. In this context, farm loan waivers have brought forward the urg
ഓഗ 19, 2017
Resolution of Stressed Assets: Towards the Endgame
1. Honourable Finance Minister, Shri Arun Jaitley; Chairman SEBI, Shri Ajay Tyagi; Chairman IBBI, Dr. Sahoo; Managing Trustee, National Foundation for Corporate Governance, Shri Chandrajit Banerjee; ladies & gentlemen. At the outset, I would like to compliment the organisers, Ministry of Corporate Affairs, the Insolvency & Bankruptcy Board of India (IBBI) and the National Foundation for Corporate Governance, for arranging a conference on such a critical nation
Dr. Urjit R. Patel, Governor, Reserve Bank of India
1. Honourable Finance Minister, Shri Arun Jaitley; Chairman SEBI, Shri Ajay Tyagi; Chairman IBBI, Dr. Sahoo; Managing Trustee, National Foundation for Corporate Governance, Shri Chandrajit Banerjee; ladies & gentlemen. At the outset, I would like to compliment the organisers, Ministry of Corporate Affairs, the Insolvency & Bankruptcy Board of India (IBBI) and the National Foundation for Corporate Governance, for arranging a conference on such a critical nation
ജൂലൈ 15, 2017
Priority Sector Lending – Status, Issues and Future Agenda
Colleagues from College of Agricultural Banking (CAB); In-charges of Priority Sector Lending in various banks assembled here and my colleagues from various regional offices of RBI who have joined over video Conference- A very Good Morning to all of you! I consider hosting of this Conference on Credit Flow to priority sector by the CAB, a very timely initiative indeed. Such conferences are extremely important as they provide a platform for exchange of views and feedbac
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Colleagues from College of Agricultural Banking (CAB); In-charges of Priority Sector Lending in various banks assembled here and my colleagues from various regional offices of RBI who have joined over video Conference- A very Good Morning to all of you! I consider hosting of this Conference on Credit Flow to priority sector by the CAB, a very timely initiative indeed. Such conferences are extremely important as they provide a platform for exchange of views and feedbac
ജൂലൈ 06, 2017
A Case for Public Credit Registry in India
Good Morning Governor, Deputy Governors S.S. Mundra, N.S. Viswanathan and B. P. Kanungo, our Chief Guest, Speakers and the team! Introduction to the Annual Statistics Day Taking off from Shri Chetan Bhagat’s address in the pre-conference dinner last evening, I hope you are all ‘alive’ today, rather than just ‘existing’ or ‘fading’. Thank you for coming in large numbers for the Annual Statistics Day Conference of the Reserve Bank of India. This auditorium has a limited
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
Good Morning Governor, Deputy Governors S.S. Mundra, N.S. Viswanathan and B. P. Kanungo, our Chief Guest, Speakers and the team! Introduction to the Annual Statistics Day Taking off from Shri Chetan Bhagat’s address in the pre-conference dinner last evening, I hope you are all ‘alive’ today, rather than just ‘existing’ or ‘fading’. Thank you for coming in large numbers for the Annual Statistics Day Conference of the Reserve Bank of India. This auditorium has a limited
ജൂൺ 16, 2017
Bankers & SME Borrowers: The Emerging Mantras
Dignitaries on the dais; distinguished colleagues from the banking fraternity; members of ASSOCHAM; representatives from the print and electronic media; ladies and gentlemen! At the outset, I would like to compliment ASSOCHAM for the effort in bringing the bankers and the borrowers together on a common platform to enable discussions on various issues of relevance to the MSME sector. With changing times new trends are emerging in every sphere and at this juncture the t
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Dignitaries on the dais; distinguished colleagues from the banking fraternity; members of ASSOCHAM; representatives from the print and electronic media; ladies and gentlemen! At the outset, I would like to compliment ASSOCHAM for the effort in bringing the bankers and the borrowers together on a common platform to enable discussions on various issues of relevance to the MSME sector. With changing times new trends are emerging in every sphere and at this juncture the t
മേയ് 30, 2017
Customer Service in Banks: Time to Raise the Bar!
Shri A. C. Mahajan, Chairman, Banking Codes and Standards Board of India (BCSBI); Shri Anand Aras, CEO, BCSBI; colleagues from the banking industry; representatives from the media; ladies and gentlemen! At the outset, I would like to thank BCSBI for inviting me for this annual conference of the Principal Code Compliance Officers (PCCOs) in the banks. 2. During the past 12 years of its existence, BCSBI has played a pivotal role in enhancing awareness about customer ser
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri A. C. Mahajan, Chairman, Banking Codes and Standards Board of India (BCSBI); Shri Anand Aras, CEO, BCSBI; colleagues from the banking industry; representatives from the media; ladies and gentlemen! At the outset, I would like to thank BCSBI for inviting me for this annual conference of the Principal Code Compliance Officers (PCCOs) in the banks. 2. During the past 12 years of its existence, BCSBI has played a pivotal role in enhancing awareness about customer ser
മേയ് 19, 2017
A Call for Enterprise in Economic Data Generation and Information Analytics
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
ഏപ്രി 28, 2017
A Bank Should Be Something One Can “Bank” Upon
I am grateful to the Federation of Indian Chambers of Commerce and Industry - FICCI Ladies Organisation, Mumbai Chapter, for inviting me to speak today. I salute FLO’s mission, and wish the very best to the incoming office bearers on their efforts to empower and educate women, unlocking a potential workforce for the Indian economy that can both balance gender distribution of jobs and identify new sources of enterprise and entrepreneurship. I hope that by explaining to
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
I am grateful to the Federation of Indian Chambers of Commerce and Industry - FICCI Ladies Organisation, Mumbai Chapter, for inviting me to speak today. I salute FLO’s mission, and wish the very best to the incoming office bearers on their efforts to empower and educate women, unlocking a potential workforce for the Indian economy that can both balance gender distribution of jobs and identify new sources of enterprise and entrepreneurship. I hope that by explaining to
മാർ 02, 2017
Improving investor interest – Recent Legislative and Regulatory Measures
It is a well recognized fact that clear and efficient laws provide confidence to the investing community. Such investments can be by domestic entities or foreign entities or investment overseas by domestic entities. In the recent past, India has embarked upon a number of legislative and regulatory measures that are certain to create a positive impact on the investment climate prevailing in the country and capable of boosting the confidence of investors. A few such mea
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
It is a well recognized fact that clear and efficient laws provide confidence to the investing community. Such investments can be by domestic entities or foreign entities or investment overseas by domestic entities. In the recent past, India has embarked upon a number of legislative and regulatory measures that are certain to create a positive impact on the investment climate prevailing in the country and capable of boosting the confidence of investors. A few such mea
മാർ 01, 2017
FinTechs and Virtual Currency
I am very glad that IBA, FICCI and NASSCOM are organizing this Conference as a Platform for Innovation and Collaboration with Upcoming and Promising (PICUP) Fintech. Technology and banking have a long close association. Both have been benefitted immensely by this association. Technological developments have been changing the way the banks and financial institutions and their customers interact. These developments have created opportunities for new entrants, not necess
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
I am very glad that IBA, FICCI and NASSCOM are organizing this Conference as a Platform for Innovation and Collaboration with Upcoming and Promising (PICUP) Fintech. Technology and banking have a long close association. Both have been benefitted immensely by this association. Technological developments have been changing the way the banks and financial institutions and their customers interact. These developments have created opportunities for new entrants, not necess
ഫെബ്രു 21, 2017
Some Ways to Decisively Resolve Bank Stressed Assets
Thank you to organizers of Indian Banks’ Association for inviting me today. To all the Award winners, congratulations on your stellar achievements and the innovative spirit you have shown to be today’s worthy recipients. Technology, “Fin Tech” as you say, is taking banking and intermediation into unchartered territories. I have yet to fathom the full import of these sweeping changes. In the meantime, my subject matter today will be more prosaic and somewhat sobering.
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
Thank you to organizers of Indian Banks’ Association for inviting me today. To all the Award winners, congratulations on your stellar achievements and the innovative spirit you have shown to be today’s worthy recipients. Technology, “Fin Tech” as you say, is taking banking and intermediation into unchartered territories. I have yet to fathom the full import of these sweeping changes. In the meantime, my subject matter today will be more prosaic and somewhat sobering.
ഫെബ്രു 20, 2017
Payment Systems - Next Orbit
Good Morning everybody I am very happy to be launching the Bharat QR Code. The QR code development for card payments in India has happened at the most appropriate time; we are on the threshold of a digital payments ‘moment’ and ‘movement’. This is a momentous occasion for the payments industry in India with the launch of this global first of its kind, low cost, interoperable, mobile based acceptance solution. I would like to congratulate the payment networks for their
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Good Morning everybody I am very happy to be launching the Bharat QR Code. The QR code development for card payments in India has happened at the most appropriate time; we are on the threshold of a digital payments ‘moment’ and ‘movement’. This is a momentous occasion for the payments industry in India with the launch of this global first of its kind, low cost, interoperable, mobile based acceptance solution. I would like to congratulate the payment networks for their
ഫെബ്രു 20, 2017
Financing MSMEs: Banks & FinTechs – Competition, Collaboration or Competitive Collaboration?
Mr. Simon Bell, Global lead, SME Finance, World Bank Group; Smt. Surekha Marandi, Executive Director, Reserve Bank of India; Shri P. K. Panda, Principal, College of Agricultural Banking(CAB); Chairmen/CEOs of various banks present here; other senior officers from the banking sector; my colleagues from RBI; ladies and gentlemen! At the outset, let me congratulate CAB for organising this Seminar on the theme of “Coping with the challenges of Financial Technology Innovat
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Mr. Simon Bell, Global lead, SME Finance, World Bank Group; Smt. Surekha Marandi, Executive Director, Reserve Bank of India; Shri P. K. Panda, Principal, College of Agricultural Banking(CAB); Chairmen/CEOs of various banks present here; other senior officers from the banking sector; my colleagues from RBI; ladies and gentlemen! At the outset, let me congratulate CAB for organising this Seminar on the theme of “Coping with the challenges of Financial Technology Innovat
ഫെബ്രു 01, 2017
Fraud Risk Management in Banks: The Do’s and Don’ts
Shri Gopalakrishna, Director, CAFRAL; fellow bankers and participants of the Program on Financial Crimes Management! At the outset, let me mention that this is the third occasion I am speaking on frauds in as many months. In November 2016, I spoke on “Fraud Risk Management in Banks – Major Concerns and 12 Sutras for Bankers” and last month I spoke on “Fraud Risk Management – Forging Partnership between Public and Private sector banks” in which I focused on the ‘contem
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri Gopalakrishna, Director, CAFRAL; fellow bankers and participants of the Program on Financial Crimes Management! At the outset, let me mention that this is the third occasion I am speaking on frauds in as many months. In November 2016, I spoke on “Fraud Risk Management in Banks – Major Concerns and 12 Sutras for Bankers” and last month I spoke on “Fraud Risk Management – Forging Partnership between Public and Private sector banks” in which I focused on the ‘contem
റിസർവ് ബാങ്ക് ഓഫ് ഇന്ത്യ മൊബൈൽ ആപ്ലിക്കേഷൻ ഇൻസ്റ്റാൾ ചെയ്ത് ഏറ്റവും പുതിയ വാർത്തകളിലേക്ക് വേഗത്തിലുള്ള ആക്സസ് നേടുക!
പേജ് അവസാനം അപ്ഡേറ്റ് ചെയ്തത്: ജൂലൈ 12, 2024
പേജ് അവസാനം അപ്ഡേറ്റ് ചെയ്തത്:
