Speeches - आरबीआय - Reserve Bank of India
Speeches & Media Interactions
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor October 09, 2024
Speeches
ऑग 13, 2011
Forex market development-Issues and Challenges -Thoughts of a returning forex market regulator
Friends, 1. I am delighted to be in your midst after a long gap of a decade. The occasion brings back reminiscences of late 1990s and the early years of this century when the forex market in India was quite different from what exists today. A nascent market that it was, needed a lot of hand-holding from RBI. The Rupee was always moving down a one-way street and every bout of volatility ( plenty those days, for example, the South East Asian crisis, Nuclear sanctions, K
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Friends, 1. I am delighted to be in your midst after a long gap of a decade. The occasion brings back reminiscences of late 1990s and the early years of this century when the forex market in India was quite different from what exists today. A nascent market that it was, needed a lot of hand-holding from RBI. The Rupee was always moving down a one-way street and every bout of volatility ( plenty those days, for example, the South East Asian crisis, Nuclear sanctions, K
ऑग 13, 2011
Changing Inflation Dynamics in India
I thank the Motilal Nehru National Institute of Technology (MNNIT) for giving me this opportunity to address this distinguished gathering. I propose to speak on inflation which is a matter of concern to all of us. What is inflation? Simply put, inflation is the sustained increase in the overall price level. Relative change in prices of goods and services is a desirable attribute of market economy as it reflects productivity changes as well as demand and supply conditi
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank the Motilal Nehru National Institute of Technology (MNNIT) for giving me this opportunity to address this distinguished gathering. I propose to speak on inflation which is a matter of concern to all of us. What is inflation? Simply put, inflation is the sustained increase in the overall price level. Relative change in prices of goods and services is a desirable attribute of market economy as it reflects productivity changes as well as demand and supply conditi
ऑग 12, 2011
Technology in Banking- In Pursuit of Excellence
Director IDRBT, Shri B Sambamurthy, faculty members and officers of IDRBT, officials from banks, members of the selection panel, my colleagues from Reserve Bank and all the other participants. It is indeed my privilege to be present here today to honour the recipients of the banking technology awards and deliver the key note address for the 7th edition of the awards. I am grateful to IDRBT for giving me this opportunity. My heartiest congratulations to all the winners
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Director IDRBT, Shri B Sambamurthy, faculty members and officers of IDRBT, officials from banks, members of the selection panel, my colleagues from Reserve Bank and all the other participants. It is indeed my privilege to be present here today to honour the recipients of the banking technology awards and deliver the key note address for the 7th edition of the awards. I am grateful to IDRBT for giving me this opportunity. My heartiest congratulations to all the winners
ऑग 12, 2011
How does the Reserve Bank of India Conduct its Monetary Policy?
I thank the Indian Institute of Management (IIM), Lucknow for inviting me to address this distinguished gathering. I do see many bright young prospective managers in the audience. As you step out of the portals of the Institute, you will be faced with the challenge of managing some or the other key aspect of our economy, be it agriculture, industry or services. This evening, let me give you a flavour of how do we manage monetary policy in the Reserve Bank of India? In
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank the Indian Institute of Management (IIM), Lucknow for inviting me to address this distinguished gathering. I do see many bright young prospective managers in the audience. As you step out of the portals of the Institute, you will be faced with the challenge of managing some or the other key aspect of our economy, be it agriculture, industry or services. This evening, let me give you a flavour of how do we manage monetary policy in the Reserve Bank of India? In
ऑग 05, 2011
Indian Education System – Issues and Challenges
‘Plants are shaped by cultivation and humans by education’ Mr. Shantanu Prakash, Chairman and CEO, Educomp Solutions Ltd., Mr. Harpreet Singh, President, JRE Group of Institutions, Prof. Stephen Rawlinson, Academic President, JRE Group of Institutions, Mr. Siddharth Mukherjee, Director of Corporate Relations, Prof. Pankaj Gupta, Director, School of Management, Dr. Ramesh Agarwal, Director, JRE Group of Institutions, members of the print and electronic media, students
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
‘Plants are shaped by cultivation and humans by education’ Mr. Shantanu Prakash, Chairman and CEO, Educomp Solutions Ltd., Mr. Harpreet Singh, President, JRE Group of Institutions, Prof. Stephen Rawlinson, Academic President, JRE Group of Institutions, Mr. Siddharth Mukherjee, Director of Corporate Relations, Prof. Pankaj Gupta, Director, School of Management, Dr. Ramesh Agarwal, Director, JRE Group of Institutions, members of the print and electronic media, students
जुलै 29, 2011
Secured Online Banking Vs. Customer Convenience – Opportunities and Challenges
Ladies and Gentlemen, Good morning. It is my pleasure to be here amongst all of you in the Annual conference on secure banking 2011, and share with you some of my thoughts on the subject. I thank IBA and MP TFCI, co-organizers for the event, for this opportunity. 2. Banking, as all of us know, is a business activity synonymous with Trust, and security in banking is a paramount presumption for trust. The concept and perception of such security in banking has, over a pe
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Ladies and Gentlemen, Good morning. It is my pleasure to be here amongst all of you in the Annual conference on secure banking 2011, and share with you some of my thoughts on the subject. I thank IBA and MP TFCI, co-organizers for the event, for this opportunity. 2. Banking, as all of us know, is a business activity synonymous with Trust, and security in banking is a paramount presumption for trust. The concept and perception of such security in banking has, over a pe
जुलै 08, 2011
Economic Reforms for Sustainable Growth
Economic Reforms for Sustainable Growth* I. Introduction It is a great pleasure and privilege for me to be speaking at the 175th Annual General Meeting of the Madras Chamber of Commerce and Industry. I have had the opportunity to speak at previous events organized by the Chamber, and also interact with committee members and the secretariat during my tenure as the chairperson of the Economic Affairs Committee of ASSOCHAM. But, this is a special occasion and I thank the
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Economic Reforms for Sustainable Growth* I. Introduction It is a great pleasure and privilege for me to be speaking at the 175th Annual General Meeting of the Madras Chamber of Commerce and Industry. I have had the opportunity to speak at previous events organized by the Chamber, and also interact with committee members and the secretariat during my tenure as the chairperson of the Economic Affairs Committee of ASSOCHAM. But, this is a special occasion and I thank the
जुलै 07, 2011
Mutual Funds and Market Development in India
Mutual Funds and Market Development in India* I. Introduction Financial sector development can be viewed as a process that enhances four critical attributes of the financial system: efficiency, stability, transparency and inclusion. The emergence of intermediation mechanisms and products that help improve on one or more of these without causing others to weaken are, therefore, a meaningful indicator of financial development. From this perspective, Mutual Funds play an
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Mutual Funds and Market Development in India* I. Introduction Financial sector development can be viewed as a process that enhances four critical attributes of the financial system: efficiency, stability, transparency and inclusion. The emergence of intermediation mechanisms and products that help improve on one or more of these without causing others to weaken are, therefore, a meaningful indicator of financial development. From this perspective, Mutual Funds play an
जुलै 07, 2011
Striking the Balance between Growth and Inflation in India
Striking the Balance between Growth and Inflation in India* I. Introduction The Indian economy recovered relatively quickly from the financial crisis of 2008, but inflationary pressures emerged even in the early stages of the recovery in late 2009. Over the past year and a half, the challenge for monetary policy has been to contain these inflationary pressures without disrupting the recovery. The economy grew by 8.5 per cent in the fiscal year 2010-11, which is close
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Striking the Balance between Growth and Inflation in India* I. Introduction The Indian economy recovered relatively quickly from the financial crisis of 2008, but inflationary pressures emerged even in the early stages of the recovery in late 2009. Over the past year and a half, the challenge for monetary policy has been to contain these inflationary pressures without disrupting the recovery. The economy grew by 8.5 per cent in the fiscal year 2010-11, which is close
जुलै 05, 2011
Statistics in the Reserve Bank of India
Governor Dr. Subbarao, Deputy Governor Dr. Subir Gokarn, Professor Pantula, Professor Karandikar, distinguished invitees and friends. I welcome you all to the Reserve Bank’s 5th statistics day conference. This annual event provides an occasion to learn about developments in the area of statistics, review the contribution of statisticians in the Reserve Bank and reflect on challenges in the way forward. 2. Since 2007, 29th June is celebrated as the statistics day in ho
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
Governor Dr. Subbarao, Deputy Governor Dr. Subir Gokarn, Professor Pantula, Professor Karandikar, distinguished invitees and friends. I welcome you all to the Reserve Bank’s 5th statistics day conference. This annual event provides an occasion to learn about developments in the area of statistics, review the contribution of statisticians in the Reserve Bank and reflect on challenges in the way forward. 2. Since 2007, 29th June is celebrated as the statistics day in ho
जुलै 05, 2011
Statistics in the World of RBI - Duvvuri Subbarao
We are gathered here today for the 5th Annual Statistics Day Conference of the Reserve Bank to honour the signal contribution of late Prof. P.C. Mahalanobis to the Indian statistical system. Let me start by noting that the United Nations declared October 20, 2010 as the first World Statistics Day. In recognizing the importance of statistics and statistical analysis to public policy formulation, we in India have been ahead of the world. Statistics Day in RBI 2. I note
Dr. D. Subbarao, Governor, Reserve Bank of India
We are gathered here today for the 5th Annual Statistics Day Conference of the Reserve Bank to honour the signal contribution of late Prof. P.C. Mahalanobis to the Indian statistical system. Let me start by noting that the United Nations declared October 20, 2010 as the first World Statistics Day. In recognizing the importance of statistics and statistical analysis to public policy formulation, we in India have been ahead of the world. Statistics Day in RBI 2. I note
जून 30, 2011
Challenges for Next Generation Banking
Mr. Krishnan, President of Indian Chamber of Commerce and Industry, Coimbatore; Mr. M. Narendra, Chairman and Managing Director of Indian Overseas Bank; Mr. D. Raj Kumar, Regional General Manager, The Hindu; Mr. K.G. Balakrishnan, Past President of ICCI, Coimbatore; members of ICCI and captains of industries in Coimbatore; representatives of banks in Coimbatore; members of the print and electronic media; distinguished invitees, ladies and gentlemen, 1. I am very happy
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. Krishnan, President of Indian Chamber of Commerce and Industry, Coimbatore; Mr. M. Narendra, Chairman and Managing Director of Indian Overseas Bank; Mr. D. Raj Kumar, Regional General Manager, The Hindu; Mr. K.G. Balakrishnan, Past President of ICCI, Coimbatore; members of ICCI and captains of industries in Coimbatore; representatives of banks in Coimbatore; members of the print and electronic media; distinguished invitees, ladies and gentlemen, 1. I am very happy
जून 28, 2011
Connecting The Dots
Shri N Chandrasekaran, CEO & MD, Tata Consultancy Services Ltd., Shri Praveen Toshniwal, Chairman, CII Western Region, Mr Robert Lattimore, ED, Price Waterhouse Coopers (PwC), Shri Dev Ranjan Mukherjee, Head-CII Gujarat State, distinguished guests, friends from the media, ladies and gentlemen. I am thankful to CII for having invited me over to address the participants of the 6th BANKing TECH Summit 2011. At the outset, I would like to congratulate CII and PwC for
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri N Chandrasekaran, CEO & MD, Tata Consultancy Services Ltd., Shri Praveen Toshniwal, Chairman, CII Western Region, Mr Robert Lattimore, ED, Price Waterhouse Coopers (PwC), Shri Dev Ranjan Mukherjee, Head-CII Gujarat State, distinguished guests, friends from the media, ladies and gentlemen. I am thankful to CII for having invited me over to address the participants of the 6th BANKing TECH Summit 2011. At the outset, I would like to congratulate CII and PwC for
जून 23, 2011
India and the Global Financial Crisis What Have We Learnt?
Thank you for inviting me to deliver the 2011 K R Narayanan Oration. It is an honour to which I attach a lot of value. President Narayanan 2. Late President Narayanan was a distinguished diplomat, a reputed parliamentarian, a capable minister and above all an erudite scholar. Born at the very bottom of India’s social pyramid, he rose on to occupy the highest office in the country with no assets other than hard work, integrity and humility. ‘A working President’, as he
Dr. D. Subbarao, Governor, Reserve Bank of India
Thank you for inviting me to deliver the 2011 K R Narayanan Oration. It is an honour to which I attach a lot of value. President Narayanan 2. Late President Narayanan was a distinguished diplomat, a reputed parliamentarian, a capable minister and above all an erudite scholar. Born at the very bottom of India’s social pyramid, he rose on to occupy the highest office in the country with no assets other than hard work, integrity and humility. ‘A working President’, as he
जून 17, 2011
Challenges and Opportunities in a Trillion Dollar Economy
Shri Pranab Mukherjee, Hon’ble Finance Minister, Government of India, Dr Narendra Jadhav, Member, Planning Commission, Shri Dilip Modi, President , ASSOCHAM, Shri R. N. Dhoot, Senior Vice President, ASSOCHAM, and MP, Rajya Sabha, Shri J. M. Garg, Central Vigilance Commissioner, Dr Thomas Mathew, Jt Secretary, Capital Markets, Ministry of Finance, Shri M. Narendra, Chairperson, ASSOCHAM National Council for Banking & Finance and CMD, Indian Overseas Bank, Shri T. M
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri Pranab Mukherjee, Hon’ble Finance Minister, Government of India, Dr Narendra Jadhav, Member, Planning Commission, Shri Dilip Modi, President , ASSOCHAM, Shri R. N. Dhoot, Senior Vice President, ASSOCHAM, and MP, Rajya Sabha, Shri J. M. Garg, Central Vigilance Commissioner, Dr Thomas Mathew, Jt Secretary, Capital Markets, Ministry of Finance, Shri M. Narendra, Chairperson, ASSOCHAM National Council for Banking & Finance and CMD, Indian Overseas Bank, Shri T. M
जून 15, 2011
Macroprudential Policies: Indian Experience
Introduction 1. Good Morning. It gives me great pleasure to share with you our experience in implementing macroprudential policies in India. The current global financial crisis has brought to fore serious lacunae in the approach to regulation and supervision and put the issue of systemic risk on to the regulatory agenda. A comprehensive definition of systemic risk is, “The risk of disruptions to financial services that is caused by an impairment of all or parts of the
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Introduction 1. Good Morning. It gives me great pleasure to share with you our experience in implementing macroprudential policies in India. The current global financial crisis has brought to fore serious lacunae in the approach to regulation and supervision and put the issue of systemic risk on to the regulatory agenda. A comprehensive definition of systemic risk is, “The risk of disruptions to financial services that is caused by an impairment of all or parts of the
जून 10, 2011
'Financial Stability : The Indian Experience' presentation by Smt. Shyamala Gopinath, Deputy Governor, RBI at the SAARCFINANCE Governors' Symposium, Kumarakom, Kerala on June 10, 2011
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
जून 10, 2011
Financial Stability: Some Issues
Dear Governor Subbarao, Esteemed Mr. Jaime Caruana, Respected Governors of Central Banks of SAARC region, distinguished central bankers and friends, I am grateful to my friend and distinguished successor Governor Subbarao and RBI, for giving me this opportunity to be with this august gathering. The subject for the Symposium is very timely, and is of great significance for the central banks. I want to congratulate the scholars in RBI for outstanding concept papers. The
Dr. Y. V. Reddy, Former Governor, Reserve Bank of India
Dear Governor Subbarao, Esteemed Mr. Jaime Caruana, Respected Governors of Central Banks of SAARC region, distinguished central bankers and friends, I am grateful to my friend and distinguished successor Governor Subbarao and RBI, for giving me this opportunity to be with this august gathering. The subject for the Symposium is very timely, and is of great significance for the central banks. I want to congratulate the scholars in RBI for outstanding concept papers. The
जून 10, 2011
Financial Stability Mandate of Central Banks Issues in the International and Indian Context
Financial stability has come centre stage in the post crisis scenario. The discourse has been quite broad spectrum - ranging from first principles such as the definition of financial stability to intellectually involved issues like the implication of financial stability for growth and welfare. Although the crisis originated in the advanced economies, we, in emerging economies too have been affected by it, and indeed by much more than we had thought possible. This cont
Dr. D. Subbarao, Governor, Reserve Bank of India
Financial stability has come centre stage in the post crisis scenario. The discourse has been quite broad spectrum - ranging from first principles such as the definition of financial stability to intellectually involved issues like the implication of financial stability for growth and welfare. Although the crisis originated in the advanced economies, we, in emerging economies too have been affected by it, and indeed by much more than we had thought possible. This cont
जून 10, 2011
Welcome remarks by Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India at SAARCFINANCE Governors’ Symposium on ‘Financial Stability’
1. Governor Dr. Subbarao, distinguished Governors, Dr. Reddy, Mr. Caruana, Mr. Ninan, Mrs. Thorat, Deputy Governors, our guests from SAARC central banks and friends. On behalf of the Reserve Bank of India, I extend a warm welcome to you all to the SAARCFINANCE Governor’s Symposium 2011 on the theme of Financial Stability. Just to refresh your memories, the last Governors Symposium organized by us under Dr. Reddy was in 2005 at Mumbai which dealt with the theme of ‘Com
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
1. Governor Dr. Subbarao, distinguished Governors, Dr. Reddy, Mr. Caruana, Mr. Ninan, Mrs. Thorat, Deputy Governors, our guests from SAARC central banks and friends. On behalf of the Reserve Bank of India, I extend a warm welcome to you all to the SAARCFINANCE Governor’s Symposium 2011 on the theme of Financial Stability. Just to refresh your memories, the last Governors Symposium organized by us under Dr. Reddy was in 2005 at Mumbai which dealt with the theme of ‘Com
जून 10, 2011
Wrap up and Concluding Remarks
Governor Dr. Subbarao, governors of other SAARC member countries, heads of country delegations, Dr. Reddy, Dr. Caruana, Mr. Ninan and distinguished participants from the SAARC central banks and friends, It has been a long day of exciting and thought provoking discussions on the very important issue of financial stability. The backwaters of Kumarakom and the tranquil atmosphere of Zuri has provided the perfect setting for a free flow of ideas throughout the day. The th
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
Governor Dr. Subbarao, governors of other SAARC member countries, heads of country delegations, Dr. Reddy, Dr. Caruana, Mr. Ninan and distinguished participants from the SAARC central banks and friends, It has been a long day of exciting and thought provoking discussions on the very important issue of financial stability. The backwaters of Kumarakom and the tranquil atmosphere of Zuri has provided the perfect setting for a free flow of ideas throughout the day. The th
जून 10, 2011
Monetary policy in a world with macroprudential policy
Introduction Ladies and gentlemen, it is a privilege to be able to speak today to this distinguished group of Governors. As for my subject, I will focus on how monetary policy might need to adjust to the implementation of new macroprudential frameworks. To speak on this topic in India is almost presumptuous, given that the Reserve Bank of India is among those central banks, mainly Asian ones, that have successfully combined both monetary policy and macroprudential mea
Jaime Caruana, General Manager, Bank for International Settlements
Introduction Ladies and gentlemen, it is a privilege to be able to speak today to this distinguished group of Governors. As for my subject, I will focus on how monetary policy might need to adjust to the implementation of new macroprudential frameworks. To speak on this topic in India is almost presumptuous, given that the Reserve Bank of India is among those central banks, mainly Asian ones, that have successfully combined both monetary policy and macroprudential mea
जून 06, 2011
Non-financial Reporting – What, Why and How - Indian Perspective
Mr Stefan Helming, Country Director, GIZ India, Mr Rakesh Rewari, DMD, SIDBI, Prof Rajeev Gowda, Chair, Centre for Public Policy, IIM-Bangalore, Ms Karin Ireton, Director, Group Sustainability Management, Standard Bank, Dr Aditi Haldar, Director, GRI, India, Ms Richa Bajpai- co founder NextGen, distinguished guests, ladies and gentlemen. It is a pleasure to be here at this National Conference on “Non-Financial Reporting and Risk Management for Financial Institutions i
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr Stefan Helming, Country Director, GIZ India, Mr Rakesh Rewari, DMD, SIDBI, Prof Rajeev Gowda, Chair, Centre for Public Policy, IIM-Bangalore, Ms Karin Ireton, Director, Group Sustainability Management, Standard Bank, Dr Aditi Haldar, Director, GRI, India, Ms Richa Bajpai- co founder NextGen, distinguished guests, ladies and gentlemen. It is a pleasure to be here at this National Conference on “Non-Financial Reporting and Risk Management for Financial Institutions i
जून 02, 2011
A presentation on ‘Financial Inclusion - Achievements So Far and Road Ahead’ by Dr K.C. Chakrabarty, Deputy Governor, Reserve Bank of India at the 26th SKOCH Summit, Mumbai on June 02, 2011
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
जून 01, 2011
Talent Acquisition and Management
Shri M. Balachandran, Director, IBPS, Shri K. Ramakrishnan, CEO, IBA, members of Governing Board of the IBPS, faculty members of IBPS, my old friends and colleagues, Mr. Saurabh Tripathi of BCG who made an excellent presentation, distinguished guests, ladies and gentlemen. It is a pleasure and privilege to be here at the Seminar on Talent Acquisition and Management organized by the IBPS. The Seminar has very interesting objectives in that it attempts to review and evo
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri M. Balachandran, Director, IBPS, Shri K. Ramakrishnan, CEO, IBA, members of Governing Board of the IBPS, faculty members of IBPS, my old friends and colleagues, Mr. Saurabh Tripathi of BCG who made an excellent presentation, distinguished guests, ladies and gentlemen. It is a pleasure and privilege to be here at the Seminar on Talent Acquisition and Management organized by the IBPS. The Seminar has very interesting objectives in that it attempts to review and evo
मे 31, 2011
Banking on Technology
I would like to thank IDRBT for inviting me to address you on the above topic. I must appreciate IDRBT for choosing this topic for the Seminar and inviting Directors of Indian banks, as all the issues chosen for the Seminar are very relevant today for banking. 2. At the outset, I would like to quote Bill Gates who has very rightly summarized the significance of technology in today’s world and I quote “The first rule of any technology used in a business is that automat
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
I would like to thank IDRBT for inviting me to address you on the above topic. I must appreciate IDRBT for choosing this topic for the Seminar and inviting Directors of Indian banks, as all the issues chosen for the Seminar are very relevant today for banking. 2. At the outset, I would like to quote Bill Gates who has very rightly summarized the significance of technology in today’s world and I quote “The first rule of any technology used in a business is that automat
मे 10, 2011
Policy Discipline and Spillovers in an Inter-connected Global Economy
The interconnected world is not new. We have been living in it for some time. For half a century, exports, international capital flows, and foreign direct investment have been growing much faster than GDP, binding economies ever more tightly together. In many ways, this process has been a tremendous force for good. My own country, India, is testament to that. Integration with the world contributed to growth, lifting hundreds of millions of people out of poverty. But i
Dr. D. Subbarao, Governor, Reserve Bank of India
The interconnected world is not new. We have been living in it for some time. For half a century, exports, international capital flows, and foreign direct investment have been growing much faster than GDP, binding economies ever more tightly together. In many ways, this process has been a tremendous force for good. My own country, India, is testament to that. Integration with the world contributed to growth, lifting hundreds of millions of people out of poverty. But i
मे 09, 2011
Regulatory Perspectives on Derivatives Markets in India
Introduction It is a pleasure for me to be speaking at this conference organized by the International Options Market Association. The presence and role of derivatives in India, both OTC and Exchange traded, has been increasing steadily over the years. These instruments are an important component of the overall financial sector strategy and the broad regulatory objective is to ensure that they are used to their potential in ways that are consistent with both financial
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Introduction It is a pleasure for me to be speaking at this conference organized by the International Options Market Association. The presence and role of derivatives in India, both OTC and Exchange traded, has been increasing steadily over the years. These instruments are an important component of the overall financial sector strategy and the broad regulatory objective is to ensure that they are used to their potential in ways that are consistent with both financial
मे 09, 2011
Central Bank Governance Issues : Some RBI Perspectives
Thank you for this opportunity to speak on some central bank governance issues from the perspective of the Reserve Bank of India (RBI). I will raise some specific issues. But before getting into them, I want to make two broad comments about the mandate of the Reserve Bank and our systems of autonomy and accountability. That will give you the broad context for appreciating the specific issues that I will raise later. RBI’s Mandate 2. RBI has a mandate that is wider tha
Dr. D. Subbarao, Governor, Reserve Bank of India
Thank you for this opportunity to speak on some central bank governance issues from the perspective of the Reserve Bank of India (RBI). I will raise some specific issues. But before getting into them, I want to make two broad comments about the mandate of the Reserve Bank and our systems of autonomy and accountability. That will give you the broad context for appreciating the specific issues that I will raise later. RBI’s Mandate 2. RBI has a mandate that is wider tha
एप्रि 17, 2011
Global Challenges, Global Solutions: Some Remarks
Mr. Chairman 1. Recent experience suggests that globalization offers incredible opportunities but also poses immense challenges. If the years before the global financial crisis - the period of the so called ‘Great Moderation’ - demonstrated the benefits of globalization, the devastating toll of the crisis showed its costs. Just as in the case of an economy, there are price setters and price takers, in the international economy too, there are economies which shape the
Dr. D. Subbarao, Governor, Reserve Bank of India
Mr. Chairman 1. Recent experience suggests that globalization offers incredible opportunities but also poses immense challenges. If the years before the global financial crisis - the period of the so called ‘Great Moderation’ - demonstrated the benefits of globalization, the devastating toll of the crisis showed its costs. Just as in the case of an economy, there are price setters and price takers, in the international economy too, there are economies which shape the
एप्रि 17, 2011
Statement by Mr. Duvvuri Subbarao, Governor, Reserve Bank of India at IMFC, Washington
Leader of the Indian Delegation to the International Monetary and Financial Committee Washington D.C., April 16, 2011 Mr. Chairman, 1. There have been significant developments in the global economy since we met in the fall of 2010. The IMF too has moved on several fronts under its mandate which has strengthened its position in a changing world. There are several key questions confronting us today: Is the recovery assured in the face of still turbulent financial condit
Dr. D. Subbarao, Governor, Reserve Bank of India
Leader of the Indian Delegation to the International Monetary and Financial Committee Washington D.C., April 16, 2011 Mr. Chairman, 1. There have been significant developments in the global economy since we met in the fall of 2010. The IMF too has moved on several fronts under its mandate which has strengthened its position in a changing world. There are several key questions confronting us today: Is the recovery assured in the face of still turbulent financial condit
एप्रि 16, 2011
The Global Economy and Framework
Chairperson, Finance Ministers and colleague Governors, 1. After its very successful efforts at a coordinated response to the challenges emerging out of the recent unprecedented global financial crisis and safeguarding the process of economic recovery, the G-20 is now turning to the more challenging task of addressing structural imbalances in the global economy. India has had the privilege of co-chairing, together with Canada, the G-20 collective effort towards drawin
Dr. D. Subbarao, Governor, Reserve Bank of India
Chairperson, Finance Ministers and colleague Governors, 1. After its very successful efforts at a coordinated response to the challenges emerging out of the recent unprecedented global financial crisis and safeguarding the process of economic recovery, the G-20 is now turning to the more challenging task of addressing structural imbalances in the global economy. India has had the privilege of co-chairing, together with Canada, the G-20 collective effort towards drawin
एप्रि 05, 2011
Linking Entrepreneurship with Credit- The Role of Financial System
Shri R.M. Malla, President-EDI, Members of the Governing Council, Director Dr.Dinesh Awasthi, invited dignitaries, faculty members, passing out students and their parents, members of the print and electronic media, ladies and gentlemen. It is, indeed, a pleasure to be here amongst graduating students and I am thankful to Shri Malla and the EDI for this opportunity especially when it is an opportunity to return to my home state, Gujarat. A galaxy of speakers have addre
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri R.M. Malla, President-EDI, Members of the Governing Council, Director Dr.Dinesh Awasthi, invited dignitaries, faculty members, passing out students and their parents, members of the print and electronic media, ladies and gentlemen. It is, indeed, a pleasure to be here amongst graduating students and I am thankful to Shri Malla and the EDI for this opportunity especially when it is an opportunity to return to my home state, Gujarat. A galaxy of speakers have addre
एप्रि 05, 2011
Sustainability of Economic Growth and Controlling Inflation: The Way Forward
It is my pleasure to speak at FICCI’s National Executive Committee Meeting this year. As many observers have been highlighting, after a relatively long phase of benign, growth-friendly macroeconomic conditions, things have begun to look somewhat hostile on the macroeconomic front. The most significant manifestation of this is the acceleration of inflation, a trend that was visible even before the impact of the financial crisis was felt in late 2008, but which very qui
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
It is my pleasure to speak at FICCI’s National Executive Committee Meeting this year. As many observers have been highlighting, after a relatively long phase of benign, growth-friendly macroeconomic conditions, things have begun to look somewhat hostile on the macroeconomic front. The most significant manifestation of this is the acceleration of inflation, a trend that was visible even before the impact of the financial crisis was felt in late 2008, but which very qui
एप्रि 01, 2011
Lessons for Monetary Policy from the Global Financial Crisis : An Emerging Market Perspective
The global financial crisis has challenged the conventional views on the role of monetary policy. Post-crisis, the weight of arguments tilts towards acceptance of financial stability as an objective of central bank or monetary policy. However, the key challenge is to evolve a consistent framework for implementation. While interest rate can continue as the dominant instrument for implementing monetary policy, supplementing it with other quantity or macro-prudential ins
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
The global financial crisis has challenged the conventional views on the role of monetary policy. Post-crisis, the weight of arguments tilts towards acceptance of financial stability as an objective of central bank or monetary policy. However, the key challenge is to evolve a consistent framework for implementation. While interest rate can continue as the dominant instrument for implementing monetary policy, supplementing it with other quantity or macro-prudential ins
मार्च 29, 2011
Frontier Issues on the Global Agenda Emerging Economy Perspective
First of all, my thanks to the Central Bank of Sri Lanka (CBSL) and to Governor Cabraal for inviting me to deliver this commemorative oration as part of CBSL’s Diamond Jubilee celebrations. I gather that a number of distinguished people have given orations as part of this anniversary series. I am indeed honoured to add my name to that very select list. My compliments to the management and staff of CBSL on this happy and historic occasion. 2. As institutions, central b
Dr. D. Subbarao, Governor, Reserve Bank of India
First of all, my thanks to the Central Bank of Sri Lanka (CBSL) and to Governor Cabraal for inviting me to deliver this commemorative oration as part of CBSL’s Diamond Jubilee celebrations. I gather that a number of distinguished people have given orations as part of this anniversary series. I am indeed honoured to add my name to that very select list. My compliments to the management and staff of CBSL on this happy and historic occasion. 2. As institutions, central b
मार्च 28, 2011
Financial Inclusion: A Consumer Centric View
I. Introduction It is a great pleasure for me to be delivering the VIth V. Narayanan Memorial Lecture. I never had the opportunity to meet Mr. Narayanan, but, from what I have heard and read about him, he was clearly a person dedicated to the mission of expanding the reach of and access to banking services in a way which benefitted both the customer and the service provider. As you may know, the financial inclusion agenda has assumed top priority in the Reserve Bank o
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
I. Introduction It is a great pleasure for me to be delivering the VIth V. Narayanan Memorial Lecture. I never had the opportunity to meet Mr. Narayanan, but, from what I have heard and read about him, he was clearly a person dedicated to the mission of expanding the reach of and access to banking services in a way which benefitted both the customer and the service provider. As you may know, the financial inclusion agenda has assumed top priority in the Reserve Bank o
मार्च 24, 2011
Economic and Financial Developments in the North-Eastern States
I thank Gauhati University for inviting me to address this distinguished gathering. The North-Eastern States (NES)1, also known as land of seven sisters, are very richly endowed. The North-Eastern region covers 5.5 per cent of the total geographical area of the country and accounts for 3.9 per cent of the national population and 2.7 per cent of all-India net domestic product (NDP). The lushness of its landscape, geographical and ecological diversity and range of commu
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Gauhati University for inviting me to address this distinguished gathering. The North-Eastern States (NES)1, also known as land of seven sisters, are very richly endowed. The North-Eastern region covers 5.5 per cent of the total geographical area of the country and accounts for 3.9 per cent of the national population and 2.7 per cent of all-India net domestic product (NDP). The lushness of its landscape, geographical and ecological diversity and range of commu
मार्च 16, 2011
Banking and Beyond: New Challenges before Indian Financial System
Lord Stephen Green, Minister for Trade and Investment, UK, distinguished panelists, distinguished guests, ladies and gentlemen. First of all my thanks to Mint, Mumbai, and to my good friends Tamal and R Sukumar for inviting me to initiate today’s debate – “Banking & Beyond: New Challenges Before Indian Financial System” with a panel of luminaries on the stage. Over the years, Mint, through its Clarity Through Debate trail-blazer series has been flagging topical pu
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Lord Stephen Green, Minister for Trade and Investment, UK, distinguished panelists, distinguished guests, ladies and gentlemen. First of all my thanks to Mint, Mumbai, and to my good friends Tamal and R Sukumar for inviting me to initiate today’s debate – “Banking & Beyond: New Challenges Before Indian Financial System” with a panel of luminaries on the stage. Over the years, Mint, through its Clarity Through Debate trail-blazer series has been flagging topical pu
फेब्रु 24, 2011
The Reserve Bank of India Making a Difference in Your Daily Life
First of all, my thanks to the Governor and Chancellor, HE Shri M.C. Bhandare, Vice Chancellor Professor Pujari, faculty and students of Sambalpur University for inviting me to be the convocation speaker this year. This is an honour to which I attach a lot of value. It feels wonderful to be in this beautiful state of Orissa and in the bustling Sambalpur area. Changes Around the World 2. All of you young graduates, passing out with degrees today, are a delightful sight
Dr. D. Subbarao, Governor, Reserve Bank of India
First of all, my thanks to the Governor and Chancellor, HE Shri M.C. Bhandare, Vice Chancellor Professor Pujari, faculty and students of Sambalpur University for inviting me to be the convocation speaker this year. This is an honour to which I attach a lot of value. It feels wonderful to be in this beautiful state of Orissa and in the bustling Sambalpur area. Changes Around the World 2. All of you young graduates, passing out with degrees today, are a delightful sight
फेब्रु 21, 2011
Approach to Capital Account Management - Shifting Contours
1. Thank you for inviting me to this forum once again and that too in these sublime environs. Only in such sublimity could the deeply spiritual concept of “Gross National Happiness” have been crystallised into a national policy mission. The theory of Gross National Happiness (GNH) established by His Majesty the King of Bhutan in 1972, defines Bhutan’s development objective as improvement in the happiness and satisfaction of the people rather than growth of Gross Natio
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
1. Thank you for inviting me to this forum once again and that too in these sublime environs. Only in such sublimity could the deeply spiritual concept of “Gross National Happiness” have been crystallised into a national policy mission. The theory of Gross National Happiness (GNH) established by His Majesty the King of Bhutan in 1972, defines Bhutan’s development objective as improvement in the happiness and satisfaction of the people rather than growth of Gross Natio
फेब्रु 18, 2011
Beyond CBS : Fast Forward to Banking 2.0!
Shri M V Nair, Chairman & Managing Director, Union Bank of India, Shri B Sambamurthy, Director, IDRBT, Shri S S Mundra, Executive Director, Union Bank of India, Shri M G Sanghvi, Executive Director, Bank of Maharashtra, senior bankers, other distinguished guest, ladies and gentlemen. It is a pleasure to be in your midst today at this Executive Roundtable organised by IDRBT in association with Union Bank of India on the theme “Beyond Core Banking”. As you may
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri M V Nair, Chairman & Managing Director, Union Bank of India, Shri B Sambamurthy, Director, IDRBT, Shri S S Mundra, Executive Director, Union Bank of India, Shri M G Sanghvi, Executive Director, Bank of Maharashtra, senior bankers, other distinguished guest, ladies and gentlemen. It is a pleasure to be in your midst today at this Executive Roundtable organised by IDRBT in association with Union Bank of India on the theme “Beyond Core Banking”. As you may
फेब्रु 14, 2011
Introduction of IFRS- Issues and Challenges
Dr Naresh Chandra, Principal, Birla College, Former Pro Vice Chancellor, Mumbai University, Dr Shyam Agrawal, eminent eye surgeon, Shri M. M. Chitale, veteran CA and Chairman NACAS, Shri U. Venkataraman, CEO- Currency Derivatives Segment & Whole Time Director, MCX-SX, Principal of PDL College of Commerce and Economics and my dear student Dr N. N. Pandey, Prof D. M. Kadhi, Convenor, other distinguished guests, ladies and gentlemen. I am delighted to be present here
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr Naresh Chandra, Principal, Birla College, Former Pro Vice Chancellor, Mumbai University, Dr Shyam Agrawal, eminent eye surgeon, Shri M. M. Chitale, veteran CA and Chairman NACAS, Shri U. Venkataraman, CEO- Currency Derivatives Segment & Whole Time Director, MCX-SX, Principal of PDL College of Commerce and Economics and my dear student Dr N. N. Pandey, Prof D. M. Kadhi, Convenor, other distinguished guests, ladies and gentlemen. I am delighted to be present here
फेब्रु 11, 2011
Welcome Remarks by the Governor at the Third P. R. Brahmananda Memorial Lecture
I have great pleasure in welcoming Governor Stanley Fischer who will shortly be delivering the P.R. Brahmananda Memorial Lecture. A hearty welcome also to the members of the family of late Prof. Brahmananda - Shri P.R. Ramaswamy, and Smt. and Shri P.R. Vishwanath. Of course, a warm welcome to all the invitees, who have made time to come for this lecture. Prof. Brahmananda 2. Professor Brahmananda was a distinguished academic, a noted researcher and a respected teacher
Dr. D. Subbarao, Governor, Reserve Bank of India
I have great pleasure in welcoming Governor Stanley Fischer who will shortly be delivering the P.R. Brahmananda Memorial Lecture. A hearty welcome also to the members of the family of late Prof. Brahmananda - Shri P.R. Ramaswamy, and Smt. and Shri P.R. Vishwanath. Of course, a warm welcome to all the invitees, who have made time to come for this lecture. Prof. Brahmananda 2. Professor Brahmananda was a distinguished academic, a noted researcher and a respected teacher
जाने 31, 2011
Implications of the Expansion of Central Bank Balance Sheets
1. At the outset, let me congratulate the BIS for bringing out a very analytical and comprehensive paper on the subject. The topic for the session has been thrown into prominence by the experience of the recent financial crisis when many central banks were forced to adopt an expansionary stance of monetary policy. The expansion of balance sheets of central banks has important monetary and financial implications. In normal times, a central bank’s balance sheet attracts
Dr. D. Subbarao, Governor, Reserve Bank of India
1. At the outset, let me congratulate the BIS for bringing out a very analytical and comprehensive paper on the subject. The topic for the session has been thrown into prominence by the experience of the recent financial crisis when many central banks were forced to adopt an expansionary stance of monetary policy. The expansion of balance sheets of central banks has important monetary and financial implications. In normal times, a central bank’s balance sheet attracts
जाने 19, 2011
Emerging Trends in Payment Systems and Challenges
It is a pleasure and privilege to be here at the Banknet’s 7th Annual Conference on Payment Systems. The theme of today’s conference – ‘Moving to next generation payment systems & solutions’ - is fitting especially at a time when the banking industry is going through a transitional phase of broadening, deepening and strengthening the financial services available to the masses. I take this opportunity to congratulate Banknet for providing this platform for the bank
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
It is a pleasure and privilege to be here at the Banknet’s 7th Annual Conference on Payment Systems. The theme of today’s conference – ‘Moving to next generation payment systems & solutions’ - is fitting especially at a time when the banking industry is going through a transitional phase of broadening, deepening and strengthening the financial services available to the masses. I take this opportunity to congratulate Banknet for providing this platform for the bank
जाने 10, 2011
Centrality of banks in the financial system
1. I am delighted to be present here amongst you all on the occasion of the 12th Annual Conference of FIMMDA-PDAI. These conferences have over the years assumed importance in not just bringing the participants together to tally notes and network but to take a pause and reflect over the issues arising out of fast changing times. 2. I see from the agenda for the conference that the focus is on the emerging post-crisis regulatory landscape for the financial sector – Base
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
1. I am delighted to be present here amongst you all on the occasion of the 12th Annual Conference of FIMMDA-PDAI. These conferences have over the years assumed importance in not just bringing the participants together to tally notes and network but to take a pause and reflect over the issues arising out of fast changing times. 2. I see from the agenda for the conference that the focus is on the emerging post-crisis regulatory landscape for the financial sector – Base
जाने 07, 2011
Dilemmas in Central Bank Communication: Some Reflections Based on Recent Experience
First of all my thanks to Business Standard, and to my good friends T.N. Ninan and Sanjaya Baru, for inviting me to deliver this second Business Standard Annual lecture. This is an honour to which I attach a lot of value. Central Bank Communication 2. As a part of my job, I accept several speaking commitments, and often I struggle to determine the topic for my speech and the key message I should be delivering. From that perspective, deciding on a topic for this lectur
Dr. D. Subbarao, Governor, Reserve Bank of India
First of all my thanks to Business Standard, and to my good friends T.N. Ninan and Sanjaya Baru, for inviting me to deliver this second Business Standard Annual lecture. This is an honour to which I attach a lot of value. Central Bank Communication 2. As a part of my job, I accept several speaking commitments, and often I struggle to determine the topic for my speech and the key message I should be delivering. From that perspective, deciding on a topic for this lectur
डिसें 16, 2010
ASEM Conference on ‘Investment and its Financing: What causes private investment to remain relatively low in Asia?’
1. Mr. Peter Bekx, Director, European Commission. Mr. Subir Gokarn, Deputy Governor. Mr. Moreno Bertoldi, Head of Unit, European Commission. Ms. Valerie Rouxel-Laxton, Head of Sector, European Commission. Distinguished representatives from the ASEM member countries. Esteemed colleagues of central banks, representatives from multilateral organisations, think-tanks and academia, distinguished experts and friends. I am really privileged to have this pleasant opportunity
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
1. Mr. Peter Bekx, Director, European Commission. Mr. Subir Gokarn, Deputy Governor. Mr. Moreno Bertoldi, Head of Unit, European Commission. Ms. Valerie Rouxel-Laxton, Head of Sector, European Commission. Distinguished representatives from the ASEM member countries. Esteemed colleagues of central banks, representatives from multilateral organisations, think-tanks and academia, distinguished experts and friends. I am really privileged to have this pleasant opportunity
डिसें 10, 2010
Prospects for Economic Growth and the Policy Imperatives for India
Mr Harshvardhan Neotia, Chairman, CII- Suresh Neotia Centre of Excellence for Leadership, distinguished guests, ladies and gentlemen, let me begin by thanking the organisers for inviting me to deliver this address on a theme which is both topical and of considerable relevance. My objective is to give a realistic assessment of the prospects of India’s economic growth, and the policy imperatives to achieve what is within our reach, while also ensuring that we do not fal
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr Harshvardhan Neotia, Chairman, CII- Suresh Neotia Centre of Excellence for Leadership, distinguished guests, ladies and gentlemen, let me begin by thanking the organisers for inviting me to deliver this address on a theme which is both topical and of considerable relevance. My objective is to give a realistic assessment of the prospects of India’s economic growth, and the policy imperatives to achieve what is within our reach, while also ensuring that we do not fal
भारतीय रिझर्व्ह बँक मोबाईल ॲप्लिकेशन इंस्टॉल करा आणि नवीनतम बातम्यांचा त्वरित ॲक्सेस मिळवा!
पेज अंतिम अपडेट तारीख: नोव्हेंबर 21, 2024
