Speeches - आरबीआय - Reserve Bank of India
Speeches & Media Interactions
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor October 09, 2024
Speeches
एप्रि 26, 2005
Are Banks serving the Common Man ?
Ladies and gentlemen of the Lions Club of Bombay, Thank you very much for giving me an opportunity to share my thoughts with you all. Only Lions would be courageous enough to listen to a talk on the subject of banking which is dry and devoid of any humour. But if you keep in mind that banks deal with your hard-earned savings, what I have to say may be of interest to you. 2. The Reserve Bank has been trying to discipline banks with regard to the quality of customer ser
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
Ladies and gentlemen of the Lions Club of Bombay, Thank you very much for giving me an opportunity to share my thoughts with you all. Only Lions would be courageous enough to listen to a talk on the subject of banking which is dry and devoid of any humour. But if you keep in mind that banks deal with your hard-earned savings, what I have to say may be of interest to you. 2. The Reserve Bank has been trying to discipline banks with regard to the quality of customer ser
एप्रि 08, 2005
A Synoptic View of the Twelfth Finance Commission’s Recommendations
I am indeed very happy to be in the midst of familiar faces and familiar surroundings. This is perhaps the first public occasion on which I am commenting on the recommendations of the Twelfth Finance Commission. As such, this meeting has some special significance at least to me. I congratulate the Reserve Bank of India in organizing this meeting of Finance Secretaries so that the full implications of the various recommendations of the Twelfth Finance Commission can be
Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Hon’ble Prime Minister
I am indeed very happy to be in the midst of familiar faces and familiar surroundings. This is perhaps the first public occasion on which I am commenting on the recommendations of the Twelfth Finance Commission. As such, this meeting has some special significance at least to me. I congratulate the Reserve Bank of India in organizing this meeting of Finance Secretaries so that the full implications of the various recommendations of the Twelfth Finance Commission can be
एप्रि 04, 2005
Human Development and State Finances: Some Thoughts
It gives me great pleasure to be here on the occasion of the first programme on "Human Development and State Finances" being jointly organised by the UNDP and the RBI with the support of the Planning Commission. The UNDP, ever since its inception in 1965, and the other UN organisations before that, have been actively involved in the development priorities of developing countries like ours over the last five decades. They have gained insights and understanding of our e
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be here on the occasion of the first programme on "Human Development and State Finances" being jointly organised by the UNDP and the RBI with the support of the Planning Commission. The UNDP, ever since its inception in 1965, and the other UN organisations before that, have been actively involved in the development priorities of developing countries like ours over the last five decades. They have gained insights and understanding of our e
एप्रि 03, 2005
Emerging Realities in Banking & Finance: Role of New Generation Managers
It is indeed a pleasure to be here in your midst today. To be amongst bright young students is not only energizing but also a learning experience - as we look at issues afresh and start by asking basic questions, which at some level are the most difficult. 2. The Reserve Bank has shared a very special relationship with the NIBM – it catalyzed its creation in 1969, provided the venue for its first campus and has been intimately associated with its functioning. While th
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It is indeed a pleasure to be here in your midst today. To be amongst bright young students is not only energizing but also a learning experience - as we look at issues afresh and start by asking basic questions, which at some level are the most difficult. 2. The Reserve Bank has shared a very special relationship with the NIBM – it catalyzed its creation in 1969, provided the venue for its first campus and has been intimately associated with its functioning. While th
मार्च 12, 2005
Managing Talent in Banks: A Few Thoughts
It gives me great pleasure to be in your midst today. A hundred years is, indeed, a landmark event in the history of an institution and as Corporation Bank celebrates its centenary, it joins the rank of the ‘venerables’. The establishment of the Corporation Bank with its humble beginnings in 1906 was during an eventful period in India’s economic history. It was a brave new era which saw a flurry of activity when a host of what were then termed ‘native’ banks were set
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be in your midst today. A hundred years is, indeed, a landmark event in the history of an institution and as Corporation Bank celebrates its centenary, it joins the rank of the ‘venerables’. The establishment of the Corporation Bank with its humble beginnings in 1906 was during an eventful period in India’s economic history. It was a brave new era which saw a flurry of activity when a host of what were then termed ‘native’ banks were set
मार्च 11, 2005
Contemporary and Future Issues in Indian Banking*
Banking scenario has changed rapidly since 1990s. The decade of 90s has witnessed a sea change in the way banking is done in India. Technology has made tremendous impact in banking. ‘Anywhere banking’ and ‘Anytime banking’ have become a reality. The financial sector now operates in a more competitive environment than before and intermediates relatively large volume of international financial flows. In the wake of greater financial deregulation and global financial int
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
Banking scenario has changed rapidly since 1990s. The decade of 90s has witnessed a sea change in the way banking is done in India. Technology has made tremendous impact in banking. ‘Anywhere banking’ and ‘Anytime banking’ have become a reality. The financial sector now operates in a more competitive environment than before and intermediates relatively large volume of international financial flows. In the wake of greater financial deregulation and global financial int
मार्च 11, 2005
Basel II Accord and its Implications
Ladies and gentlemen, it is my pleasure to share my thoughts with you on a subject which is currently engaging the attention of the banking community, not just in India but worldwide. Let me first admit upfront that although I am at the moment wearing the regulator’s hat, yet I have been a commercial banker for most part of my professional career. So, the banker in me still goads me to put myself in bankers’ shoes before evaluating any regulatory options. I can better
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
Ladies and gentlemen, it is my pleasure to share my thoughts with you on a subject which is currently engaging the attention of the banking community, not just in India but worldwide. Let me first admit upfront that although I am at the moment wearing the regulator’s hat, yet I have been a commercial banker for most part of my professional career. So, the banker in me still goads me to put myself in bankers’ shoes before evaluating any regulatory options. I can better
मार्च 11, 2005
The Roadmap for Fixed Income and Derivatives Market*
Friends, I am thankful to the Fixed Income Money Market and Derivatives Association of India (FIMMDA) and Primary Dealers Association of India (PDAI), the organisers, for inviting me to deliver the keynote address today. I have had the pleasure of being closely associated with FIMMDA and PDAI since their inception. Reserve Bank of India has been taking active interest in the development of fixed income markets and the role of FIMMDA is becoming increasingly important
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Friends, I am thankful to the Fixed Income Money Market and Derivatives Association of India (FIMMDA) and Primary Dealers Association of India (PDAI), the organisers, for inviting me to deliver the keynote address today. I have had the pleasure of being closely associated with FIMMDA and PDAI since their inception. Reserve Bank of India has been taking active interest in the development of fixed income markets and the role of FIMMDA is becoming increasingly important
फेब्रु 12, 2005
Monetary Policy: An Outline*
Respected Vice-Chancellor Professor Simhadri, Professor Bhanoji Rao, Professor K.C. Reddy, and fellow-members of Andhra Pradesh Economic Association. I am thankful to the organisers for inviting me to be the President and deliver the Presidential Address. There are several reasons for my being keen to be in Visakhapatnam to deliver the Presidential Address. I commenced my career in Government of Andhra Pradesh in Visakhapatnam as Assistant Collector Under Training ove
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Respected Vice-Chancellor Professor Simhadri, Professor Bhanoji Rao, Professor K.C. Reddy, and fellow-members of Andhra Pradesh Economic Association. I am thankful to the organisers for inviting me to be the President and deliver the Presidential Address. There are several reasons for my being keen to be in Visakhapatnam to deliver the Presidential Address. I commenced my career in Government of Andhra Pradesh in Visakhapatnam as Assistant Collector Under Training ove
फेब्रु 10, 2005
The pursuit of financial stability
It gives me great pleasure to address this gathering at the 7th Annual Conference on Money and Finance in the Indian economy organised by the Indira Gandhi Institute of Development Research (IGIDR). Issues related to monetary policy and financial sector continue to attract a lot of research interest all over the world and this is all the more true for emerging economies like India which are gradually integrating with the rest of the world. Accordingly, the initiatives
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
It gives me great pleasure to address this gathering at the 7th Annual Conference on Money and Finance in the Indian economy organised by the Indira Gandhi Institute of Development Research (IGIDR). Issues related to monetary policy and financial sector continue to attract a lot of research interest all over the world and this is all the more true for emerging economies like India which are gradually integrating with the rest of the world. Accordingly, the initiatives
जाने 25, 2005
Foreign Exchange Regulatory Regimes in India: From Control to Management
Shri Minoo Shroff, Mr Gazaria, Mr. Thakkar, ladies and gentlemen. I am delighted to be here in Forum of Free Enterprise to deliver the keynote address at this programme on FEMA for executives and professionals. The Forum of Free Enterprise has been engaged in educating public focusing special attention on the youth with a view to helping today’s younger generation to become good, responsible, active and well informed citizens of tomorrow. Towards that end stalwarts li
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
Shri Minoo Shroff, Mr Gazaria, Mr. Thakkar, ladies and gentlemen. I am delighted to be here in Forum of Free Enterprise to deliver the keynote address at this programme on FEMA for executives and professionals. The Forum of Free Enterprise has been engaged in educating public focusing special attention on the youth with a view to helping today’s younger generation to become good, responsible, active and well informed citizens of tomorrow. Towards that end stalwarts li
जाने 17, 2005
Issues in Strengthening Commercial Paper Market
I am happy to be with you today in this seminar on "Issues in Strengthening Commercial Paper Market". I am sure the seminar will bring out issues, which would be useful in further strengthening the CP market. It is worth noting that during late the 1980s, call/notice market was virtually the only segment in Indian money market. Today, we have a variety of new instruments e.g., CD, CP, Treasury bills, repo and CBLO catering to the varied needs of market participants. W
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
I am happy to be with you today in this seminar on "Issues in Strengthening Commercial Paper Market". I am sure the seminar will bring out issues, which would be useful in further strengthening the CP market. It is worth noting that during late the 1980s, call/notice market was virtually the only segment in Indian money market. Today, we have a variety of new instruments e.g., CD, CP, Treasury bills, repo and CBLO catering to the varied needs of market participants. W
जाने 12, 2005
Indian Economy : Current Status and Select Issues
Professor Parikh, Professor Radhakrishna and Friends, I am thankful to Professor Radhakrishna for giving me the opportunity to be here for the release of India Development Report 2004-05. The Report prepared by IGIDR, released today, is unique in several respects. It addresses contemporary policy issues unambiguously and is more issue-based than technique oriented. At the same time, it is based on thorough research with scholarly inputs. Being issue-oriented, the Repo
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Professor Parikh, Professor Radhakrishna and Friends, I am thankful to Professor Radhakrishna for giving me the opportunity to be here for the release of India Development Report 2004-05. The Report prepared by IGIDR, released today, is unique in several respects. It addresses contemporary policy issues unambiguously and is more issue-based than technique oriented. At the same time, it is based on thorough research with scholarly inputs. Being issue-oriented, the Repo
जाने 08, 2005
Investing in India: Challenges and Opportunities*
I am extremely happy to be here at the Pravasi Bharatiya Divas 2005. Whether in the spirit of the traditional Indian culture of Vasudaiva Kutumbakam, or in the context of a globalised world, I would not like to treat the Pravasi Bharatiyas as distant, but close to both our hearts and the economy. We are, of course, very proud of the achievements of the Indians settled abroad. It is, therefore, only befitting that the great Indian family should meet once a year. The to
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
I am extremely happy to be here at the Pravasi Bharatiya Divas 2005. Whether in the spirit of the traditional Indian culture of Vasudaiva Kutumbakam, or in the context of a globalised world, I would not like to treat the Pravasi Bharatiyas as distant, but close to both our hearts and the economy. We are, of course, very proud of the achievements of the Indians settled abroad. It is, therefore, only befitting that the great Indian family should meet once a year. The to
नोव्हें 27, 2004
Corporate Governance in Banks*
Let me at the outset commend the achievements of your bank in almost all the performance parameters. It is indeed heartening to see a well functioning and sound bank in the otherwise none too rosy co-operative sector. In fact, there could have been no better tribute to the memory of your great founder Sheth Shantaram Mangesh Kulkarni than to turn in a solid performance year after year, and also at the same time becoming a technologically savvy institution. I congratul
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
Let me at the outset commend the achievements of your bank in almost all the performance parameters. It is indeed heartening to see a well functioning and sound bank in the otherwise none too rosy co-operative sector. In fact, there could have been no better tribute to the memory of your great founder Sheth Shantaram Mangesh Kulkarni than to turn in a solid performance year after year, and also at the same time becoming a technologically savvy institution. I congratul
नोव्हें 16, 2004
Rural Credit : Status and Agenda
Distinguished participants and guests, It is a privilege to be associated with the International Seminar in Honour of Professor CH. Hanumantha Rao. His valuable contributions as a member of the Board of Directors of RBI, my professional association with him for about three decades being a fellow Osmanian, and above all, my personal regard for him, make the participation in the inaugural session today a source of pride and pleasure for me. There is a wide-range of subj
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Distinguished participants and guests, It is a privilege to be associated with the International Seminar in Honour of Professor CH. Hanumantha Rao. His valuable contributions as a member of the Board of Directors of RBI, my professional association with him for about three decades being a fellow Osmanian, and above all, my personal regard for him, make the participation in the inaugural session today a source of pride and pleasure for me. There is a wide-range of subj
नोव्हें 10, 2004
Banking Needs of a Global Economy - Keynote Address
Thank you. I am, as ever, delighted to be in India. I am only sorry that on this occasion my visit is so brief. I am here in Delhi specifically to attend your conference this morning. I was glad to have the opportunity to address such an important topic and I am grateful to the organizers for persisting with their invitation even when getting here did not seem logistically possible. As you can see, it was—just! A strong, well-functioning financial sector is crucial fo
Anne O Krueger, First Deputy Managing Director
Thank you. I am, as ever, delighted to be in India. I am only sorry that on this occasion my visit is so brief. I am here in Delhi specifically to attend your conference this morning. I was glad to have the opportunity to address such an important topic and I am grateful to the organizers for persisting with their invitation even when getting here did not seem logistically possible. As you can see, it was—just! A strong, well-functioning financial sector is crucial fo
नोव्हें 10, 2004
Banking Sector in Global Perspective - Inaugural Address
Distinguished guests, Ladies and Gentlemen, It is indeed a pleasure and privilege to be amidst this august gathering of eminent bankers, experts and policymakers. Over the years, the Conference has evolved as an important forum for structured information sharing among not only delegates from the banking sector, but also experts from research institutions, credit rating agencies, international institutions and other financial sector bodies. The Bankers’ Conference, 200
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Distinguished guests, Ladies and Gentlemen, It is indeed a pleasure and privilege to be amidst this august gathering of eminent bankers, experts and policymakers. Over the years, the Conference has evolved as an important forum for structured information sharing among not only delegates from the banking sector, but also experts from research institutions, credit rating agencies, international institutions and other financial sector bodies. The Bankers’ Conference, 200
नोव्हें 10, 2004
Corporate Governance: Towards Best Practices*
Corporate governance is increasingly demanding our attention and has moved centrestage. The Enron and WorldCom scandals in the U.S have amply demonstrated the necessity of having a system of corporate governance even in the developed world. In a liberalising and deregulating country like India, corporate governance is all the more important. In this context, it is indeed heartening to note that Bankers’ conference is devoting a full session on "corporate governance".
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
Corporate governance is increasingly demanding our attention and has moved centrestage. The Enron and WorldCom scandals in the U.S have amply demonstrated the necessity of having a system of corporate governance even in the developed world. In a liberalising and deregulating country like India, corporate governance is all the more important. In this context, it is indeed heartening to note that Bankers’ conference is devoting a full session on "corporate governance".
सप्टें 30, 2004
Fiscal Challenges of Population Ageing: The Asian Experience
I. Introduction One of the most critical demographic events in the world today is population ageing i.e., the process by which the share of older individuals in the total population starts becoming larger. The ageing phenomenon, which has been initially experienced by developed countries, is now steadily approaching the developing world. Projections show that over the next five decades, world median age will continue to increase, resulting in enhanced old age dependen
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I. Introduction One of the most critical demographic events in the world today is population ageing i.e., the process by which the share of older individuals in the total population starts becoming larger. The ageing phenomenon, which has been initially experienced by developed countries, is now steadily approaching the developing world. Projections show that over the next five decades, world median age will continue to increase, resulting in enhanced old age dependen
सप्टें 25, 2004
Indian Investments Abroad: Current Policy and Trends governing Indian Investments Abroad
Presentation(Powerpoint) by Smt. Shyamala Gopinath at a Seminar in Mumbai
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
Presentation(Powerpoint) by Smt. Shyamala Gopinath at a Seminar in Mumbai
सप्टें 20, 2004
First P. R. Brahmananda Memorial Lecture
Welcome Speech by Dr. Y.V.Reddy, Governor, RBIPDF First Brahmananda Memorial Lecture by Lord Meghnad Desai PDF Presidential Speech by Dr. I. G. Patel PDF Vote of Thanks by Dr. Rakesh Mohan, Deputy Governor, RBI PDF
Lord Meghnad Desai,
Welcome Speech by Dr. Y.V.Reddy, Governor, RBIPDF First Brahmananda Memorial Lecture by Lord Meghnad Desai PDF Presidential Speech by Dr. I. G. Patel PDF Vote of Thanks by Dr. Rakesh Mohan, Deputy Governor, RBI PDF
सप्टें 16, 2004
Issues in Bank Regulation and Supervision*
FICCI has been in the forefront of creating a platform for healthy debate and discussion leading to responsible actions. I would like to thank FICCI for inviting me to speak at this Forum especially as there are several high level functionaries who have travelled great distances to be with us on this occasion. It is a wonderful opportunity and I would certainly use it to explore a few issues at the frontiers of regulation and supervision. Some of these are unsettled i
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
FICCI has been in the forefront of creating a platform for healthy debate and discussion leading to responsible actions. I would like to thank FICCI for inviting me to speak at this Forum especially as there are several high level functionaries who have travelled great distances to be with us on this occasion. It is a wonderful opportunity and I would certainly use it to explore a few issues at the frontiers of regulation and supervision. Some of these are unsettled i
सप्टें 16, 2004
Financial Sector Reforms in India: Policies and Performance Analysis*
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
सप्टें 09, 2004
Ownership and Governance in Private Sector Banks in India
I am grateful to the Confederation of Indian Industries to arrange a seminar on a subject of great importance today. This gives me an opportunity to discuss the issues with various stakeholders. On July 2, 2004, RBI issued draft guidelines on ownership and governance in private sector banks in India. These guidelines were placed in the public domain for wider debate and feedback. The RBI is to put out a second draft and then finalise the policy taking into account the
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I am grateful to the Confederation of Indian Industries to arrange a seminar on a subject of great importance today. This gives me an opportunity to discuss the issues with various stakeholders. On July 2, 2004, RBI issued draft guidelines on ownership and governance in private sector banks in India. These guidelines were placed in the public domain for wider debate and feedback. The RBI is to put out a second draft and then finalise the policy taking into account the
ऑग 28, 2004
Bank Supervision – Challenges Ahead*
I deem it an honour and a privilege to speak before this august gathering on the occasion of the Nani Palkhivala Memorial Oration. While conferring on him the Honorary degree of Doctor of Laws, Shri Nani Palkhivala was described by Princeton University, USA, as a "defender of constitutional liberties, champion of human rights, teacher, author and economic developer". This description, however, does not capture the brilliance of the man’s mind, the eloquence of his spe
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
I deem it an honour and a privilege to speak before this august gathering on the occasion of the Nani Palkhivala Memorial Oration. While conferring on him the Honorary degree of Doctor of Laws, Shri Nani Palkhivala was described by Princeton University, USA, as a "defender of constitutional liberties, champion of human rights, teacher, author and economic developer". This description, however, does not capture the brilliance of the man’s mind, the eloquence of his spe
ऑग 27, 2004
Current Concerns and Some Perspectives on Inflation*
Dear Shri Bajpaiji, Shri C. S. Rao garu, Shri Kamesam, Dr. Gulati and friends, At the outset, I am thankful to the Institute for inviting me to this function and giving the pleasure of being with you all. The programme clearly says that I have to give some concluding remarks. This makes it clear that my presence is essentially ceremonial – hand over the certificates to the bright young people and just give a few remarks, basically perhaps because the Reserve Bank of I
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Dear Shri Bajpaiji, Shri C. S. Rao garu, Shri Kamesam, Dr. Gulati and friends, At the outset, I am thankful to the Institute for inviting me to this function and giving the pleasure of being with you all. The programme clearly says that I have to give some concluding remarks. This makes it clear that my presence is essentially ceremonial – hand over the certificates to the bright young people and just give a few remarks, basically perhaps because the Reserve Bank of I
ऑग 20, 2004
Development of Forex Markets in India : Review and Prospects
I am delighted to be in Colombo today to address the 15th National Forex Assembly. India and Sri Lanka have had very close and friendly neighbourly relations especially culturally, for centuries - indeed millennia. On behalf of Reserve Bank of India, I bring greetings to you all and express appreciation of the warm hospitality of the host country. RBI has always actively participated in the meetings of national Forex Assembly at Governor or Deputy Governor level. I am
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
I am delighted to be in Colombo today to address the 15th National Forex Assembly. India and Sri Lanka have had very close and friendly neighbourly relations especially culturally, for centuries - indeed millennia. On behalf of Reserve Bank of India, I bring greetings to you all and express appreciation of the warm hospitality of the host country. RBI has always actively participated in the meetings of national Forex Assembly at Governor or Deputy Governor level. I am
ऑग 14, 2004
Debt Markets in India - Issues and Prospects
I am very happy to be amongst you today to deliver the keynote address at the 3 rd Annual Citibank - Fitch Debt Markets Conference. I understand that the response to the previous Citibank-Fitch debt markets conferences has been very encouraging, which has motivated the organisers to convert this into an annual event. This kind of interaction among investors and issuers provides an opportunity for mutual discussions in the interest of fostering further market developme
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I am very happy to be amongst you today to deliver the keynote address at the 3 rd Annual Citibank - Fitch Debt Markets Conference. I understand that the response to the previous Citibank-Fitch debt markets conferences has been very encouraging, which has motivated the organisers to convert this into an annual event. This kind of interaction among investors and issuers provides an opportunity for mutual discussions in the interest of fostering further market developme
जुलै 30, 2004
Indian Banking and e-Security*
I. INTRODUCTION Thank you very much for inviting me to this inaugural session of the Conference on e-security. With the expansion of IT applications in the Indian banking system, there is a concomitant increase in concerns relating to e-security. It is, therefore, very appropriate and timely that the Indian Banks' Association (IBA) and Manufacturers Association of Information Technology (MAIT) have come together to organize this conference. The banking sector is one o
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I. INTRODUCTION Thank you very much for inviting me to this inaugural session of the Conference on e-security. With the expansion of IT applications in the Indian banking system, there is a concomitant increase in concerns relating to e-security. It is, therefore, very appropriate and timely that the Indian Banks' Association (IBA) and Manufacturers Association of Information Technology (MAIT) have come together to organize this conference. The banking sector is one o
जुलै 17, 2004
India and the Global Economy
Friends, I am delighted to be here in the Lal Bahadur Shastri National Academy of Administration, Mussoorie. You are among the few that have succeeded in perhaps one of the most competitive and fairest examinations in the world. You have the additional advantage of having spent some time in the rural and semi urban areas of our country while in the districts. I chose the subject `India and global economy’ precisely because during the next three to four decades that yo
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Friends, I am delighted to be here in the Lal Bahadur Shastri National Academy of Administration, Mussoorie. You are among the few that have succeeded in perhaps one of the most competitive and fairest examinations in the world. You have the additional advantage of having spent some time in the rural and semi urban areas of our country while in the districts. I chose the subject `India and global economy’ precisely because during the next three to four decades that yo
जून 27, 2004
Financial Stability : Indian Experience
I am thankful to the BIS for inviting me to share some thoughts on financial stability issues in the Panel of four Governors. It is an honour to address the galaxy of central bankers assembled here in connection with the annual meetings of the BIS. My observations are based on the Indian experience and would focus on rebalancing of efficiency and stability in the context of financial sector reforms in India. 2. In India, we have been moving from a government-dominated
Dr. Y. V. Reddy, Governor, Reserve Bank of India
I am thankful to the BIS for inviting me to share some thoughts on financial stability issues in the Panel of four Governors. It is an honour to address the galaxy of central bankers assembled here in connection with the annual meetings of the BIS. My observations are based on the Indian experience and would focus on rebalancing of efficiency and stability in the context of financial sector reforms in India. 2. In India, we have been moving from a government-dominated
जून 25, 2004
Remarks on capital account liberalisation and capital controls
I am thankful to Bank of England for the excellent arrangements and well thought out agenda for the 2004 Central Bank Governors' Symposium. As desired by Governor Mervyn King, I will give a brief introduction in this session on capital account liberalisation and capital controls. Professor Kenneth Rogoff's well-researched messages on effects of financial globalisation on developing countries are appropriate as governing thoughts for this session. There is evidence of
Dr. Y. V. Reddy, Governor, Reserve Bank of India
I am thankful to Bank of England for the excellent arrangements and well thought out agenda for the 2004 Central Bank Governors' Symposium. As desired by Governor Mervyn King, I will give a brief introduction in this session on capital account liberalisation and capital controls. Professor Kenneth Rogoff's well-researched messages on effects of financial globalisation on developing countries are appropriate as governing thoughts for this session. There is evidence of
जून 02, 2004
Implementation of Basel II: An Indian Perspective
Address by Smt. Kishori J. Udeshi, Deputy Governor, Reserve Bank of India at the World Bank/IMF/US Federal Reserve Board 4th Annual International Seminar on Policy Challenges for the Financial Sector : Basel II at Washington on June 2, 2004 Yesterday we had very absorbing discussions on macro issues, regulatory perspectives and risk management challenges relating to Basel II. We are now not debating whether to go forward with Basel II but how to implement Basel II. In
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
Address by Smt. Kishori J. Udeshi, Deputy Governor, Reserve Bank of India at the World Bank/IMF/US Federal Reserve Board 4th Annual International Seminar on Policy Challenges for the Financial Sector : Basel II at Washington on June 2, 2004 Yesterday we had very absorbing discussions on macro issues, regulatory perspectives and risk management challenges relating to Basel II. We are now not debating whether to go forward with Basel II but how to implement Basel II. In
एप्रि 24, 2004
International Monetary and Financial Committee Statement
Ninth Meeting April 24, 2004Statement by Dr. Y.V. Reddy, Governor, Reserve Bank of India and Leader of the Indian Delegation On behalf of Bangladesh, Bhutan, India and Sri Lanka Statement by Dr. Y.V. Reddy, Governor, Reserve Bank of India and Leader of the Indian Delegation To the International Monetary and Financial Committee(IMFC), Washington, D.C., April 24, 2004 Representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka Mr. Chairman The Gl
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Ninth Meeting April 24, 2004Statement by Dr. Y.V. Reddy, Governor, Reserve Bank of India and Leader of the Indian Delegation On behalf of Bangladesh, Bhutan, India and Sri Lanka Statement by Dr. Y.V. Reddy, Governor, Reserve Bank of India and Leader of the Indian Delegation To the International Monetary and Financial Committee(IMFC), Washington, D.C., April 24, 2004 Representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka Mr. Chairman The Gl
एप्रि 07, 2004
A Policy Update
Friends, I have great pleasure in participating in this book release function. The Academic Foundation has provided yeomen service in bringing out this book, which is very valuable and special for several reasons. It is essential to note that the title of the book reminds us that the focus of accelerating growth should be on poverty reduction. The writing displays a high degree of objectivity. Of particular interest to students and policy-makers is that it presents, i
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Friends, I have great pleasure in participating in this book release function. The Academic Foundation has provided yeomen service in bringing out this book, which is very valuable and special for several reasons. It is essential to note that the title of the book reminds us that the focus of accelerating growth should be on poverty reduction. The writing displays a high degree of objectivity. Of particular interest to students and policy-makers is that it presents, i
मार्च 27, 2004
M.A.Master Memorial Lecture
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Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
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मार्च 26, 2004
A Decade of Reforms in Government Securities Market in India and the Road Ahead*
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Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
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मार्च 20, 2004
A Decade of Reforms in Government Securities Market in India and the Road Ahead*
I. INTRODUCTIONIt gives me great pleasure to deliver this keynote address at the Annual Conference of FIMMDA jointly organised by the Fixed Income Money Market Dealers Association of India (FIMMDA) and Primary Dealers Association of India (PDAI). Many of you would recall that the FIMMDA-PDAI conference held in Bangkok in 2002 was addressed by Governor, Dr. Y. V. Reddy when he was Deputy Governor. My address today is like a footnote to the comprehensive address given b
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I. INTRODUCTIONIt gives me great pleasure to deliver this keynote address at the Annual Conference of FIMMDA jointly organised by the Fixed Income Money Market Dealers Association of India (FIMMDA) and Primary Dealers Association of India (PDAI). Many of you would recall that the FIMMDA-PDAI conference held in Bangkok in 2002 was addressed by Governor, Dr. Y. V. Reddy when he was Deputy Governor. My address today is like a footnote to the comprehensive address given b
मार्च 19, 2004
Role of Central Bankers in Emerging Economy like India
Dr. Kanu Doshiwas kind enough to leave the choice of topic for today’s lecture, to be decided by me. I chose this topic as I consider it to be one which would perhaps be of interest to bright and young students and one of contemporary relevance. Although the role of central banking is extensively discussed in the literature on monetary economics, the role of central bankers has remained obscure as central bankers were traditionally meant to operate in anonymity and th
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
Dr. Kanu Doshiwas kind enough to leave the choice of topic for today’s lecture, to be decided by me. I chose this topic as I consider it to be one which would perhaps be of interest to bright and young students and one of contemporary relevance. Although the role of central banking is extensively discussed in the literature on monetary economics, the role of central bankers has remained obscure as central bankers were traditionally meant to operate in anonymity and th
मार्च 03, 2004
Orderly Global Economic Recovery : Are Exchange Rate Adjustments Effective Any More?*
When we last met in London in October, I had talked about medium and long-term issues related to globalisation and possible enduring imbalances in the medium- and long-term. I had talked in particular about the consequences of economic demographics and ageing. So I am delighted that this is now a specific subject for discussion in this meeting. Today, I will focus on possible short-term issues that may arise as the current economic imbalances are corrected. Recent dat
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
When we last met in London in October, I had talked about medium and long-term issues related to globalisation and possible enduring imbalances in the medium- and long-term. I had talked in particular about the consequences of economic demographics and ageing. So I am delighted that this is now a specific subject for discussion in this meeting. Today, I will focus on possible short-term issues that may arise as the current economic imbalances are corrected. Recent dat
फेब्रु 05, 2004
Agricultural Credit in India: Status, Issues and Future Agenda*
INTRODUCTION: HISTORICAL OVERVIEW O F AGRICULTURAL CREDIT IN INDIA RISK IN INDIAN FARMING Settled agriculture in India has had a long history because of the fertile plains of Northern India irrigated by the Indus, the Ganga-Jamuna river systems and the Brahmaputra in the East. Southern India has its own river systems and has, moreover, been characterised by its impressive history of sophisticated water management systems: perhaps among the most developed historically.
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
INTRODUCTION: HISTORICAL OVERVIEW O F AGRICULTURAL CREDIT IN INDIA RISK IN INDIAN FARMING Settled agriculture in India has had a long history because of the fertile plains of Northern India irrigated by the Indus, the Ganga-Jamuna river systems and the Brahmaputra in the East. Southern India has its own river systems and has, moreover, been characterised by its impressive history of sophisticated water management systems: perhaps among the most developed historically.
जाने 21, 2004
Capital Flows and Indian Policy Response - Presidential Comments
After such an illuminating lecture by Prof. Krueger and a very lively discussion, I would with your permission, dispense with the formality of a formal address. However, as is expected of me, I will make a few comments. At the outset, I should confess the main reasons for my being here. It is out of my personal affection, great respect for scholarship and admiration for the leadership as well as diplomatic skills of Prof. Krueger, that I made it a point to be here. Of
Dr. Y. V. Reddy, Governor, Reserve Bank of India
After such an illuminating lecture by Prof. Krueger and a very lively discussion, I would with your permission, dispense with the formality of a formal address. However, as is expected of me, I will make a few comments. At the outset, I should confess the main reasons for my being here. It is out of my personal affection, great respect for scholarship and admiration for the leadership as well as diplomatic skills of Prof. Krueger, that I made it a point to be here. Of
जाने 13, 2004
L.K. Jha Memorial Lecture by Martin Feldstein on 12 January, 2004
Budget Deficits and National DebtMartin Feldstein* I am delighted to be here in Mumbai and honored by your invitation to give this year’s L. K. Jha Memorial Lecture. I first came to India only about eight years ago and have been coming to India once each year for the past five years. Even in that short period of time, I have seen significant improvements in the Indian economy and now hear about important structural changes that are being made or contemplated. I am ver
Martin Feldstein, George F. Baker Professor of Economics at Harvard University and President of the National Bureau of Economic Research.
Budget Deficits and National DebtMartin Feldstein* I am delighted to be here in Mumbai and honored by your invitation to give this year’s L. K. Jha Memorial Lecture. I first came to India only about eight years ago and have been coming to India once each year for the past five years. Even in that short period of time, I have seen significant improvements in the Indian economy and now hear about important structural changes that are being made or contemplated. I am ver
जाने 07, 2004
The Outlook for Indian Economy - An Update
January 7, 200476th Annual General Meeting of FICCI, New DelhiThe Outlook for Indian Economy : An Update Friends, I am thankful to President Mr. Muthiah for giving me the opportunity to address the 76th General Meeting of FICCI. I had the privilege of addressing FICCI in New Delhi about a year ago (October 24, 2002), at the invitation of Mr. Lodha and the subject was, if I recall right, "World Economic Outlook and Financial Market Developments – Implications for India
Dr. Y. V. Reddy, Governor, Reserve Bank of India
January 7, 200476th Annual General Meeting of FICCI, New DelhiThe Outlook for Indian Economy : An Update Friends, I am thankful to President Mr. Muthiah for giving me the opportunity to address the 76th General Meeting of FICCI. I had the privilege of addressing FICCI in New Delhi about a year ago (October 24, 2002), at the invitation of Mr. Lodha and the subject was, if I recall right, "World Economic Outlook and Financial Market Developments – Implications for India
जाने 06, 2004
Credit Policy, Systems and Culture
Coming to the Institute kindles a feeling of festive occasion and it is a privilege and an honour to be here with you. There have been significant achievements, in training, in diversified fields, with new initiatives and a wider coverage in the area of research and consultancy. Admittedly, there is more of sponsored research now. Incidentally, one of my former colleagues Ms. Indrani Banerjee, who along with others worked with me on a money-laundering Report in the Re
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Coming to the Institute kindles a feeling of festive occasion and it is a privilege and an honour to be here with you. There have been significant achievements, in training, in diversified fields, with new initiatives and a wider coverage in the area of research and consultancy. Admittedly, there is more of sponsored research now. Incidentally, one of my former colleagues Ms. Indrani Banerjee, who along with others worked with me on a money-laundering Report in the Re
जाने 01, 2004
Understanding Reforms
I have great pleasure in welcoming you on behalf of Finance Minister, Mr. Jaswant Singh, on behalf of Reserve Bank of India and, on my own behalf. India has been playing active role in researching and debating issues relating to development, particularly in the context of developing nations. We believe that holding of the Global Development Netowrk (GDN) Annual Conference in India is a tribute to our approach to reform, and is also a recognition of the need to continu
Dr. Y. V. Reddy, Governor, Reserve Bank of India
I have great pleasure in welcoming you on behalf of Finance Minister, Mr. Jaswant Singh, on behalf of Reserve Bank of India and, on my own behalf. India has been playing active role in researching and debating issues relating to development, particularly in the context of developing nations. We believe that holding of the Global Development Netowrk (GDN) Annual Conference in India is a tribute to our approach to reform, and is also a recognition of the need to continu
डिसें 12, 2003
Retail Banking : Challenges Ahead in Distribution Channels in Urban/Rural India - Remarks
The promise of lower transaction costs, increased sales productivity, and more convenient service has lured banks into setting up new delivery channels. Earlier, vast brick and mortar branch network has been considered as an inherent advantage of established banks and new entrants were at huge disadvantage vis-à-vis the established players in terms of customer reach. However, post 1990s new players are effectively taking on the branch network advantage of the establis
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
The promise of lower transaction costs, increased sales productivity, and more convenient service has lured banks into setting up new delivery channels. Earlier, vast brick and mortar branch network has been considered as an inherent advantage of established banks and new entrants were at huge disadvantage vis-à-vis the established players in terms of customer reach. However, post 1990s new players are effectively taking on the branch network advantage of the establis
डिसें 11, 2003
Towards Globalisation in the Financial Sector in India - Inaugural Address
I am indeed very happy to be, once again, amongst friends– albeit in a slightly different capacity. All of you have been totally supportive to me and, I must express my deep sense of gratitude to you for the warm and affectionate welcome that you gave for my appointment. My address today is in the nature of sharing of some of my preliminary thought processes on the subject of globalisation and the financial sector. The presentation today starts with a framework for ap
Dr. Y. V. Reddy, Governor, Reserve Bank of India
I am indeed very happy to be, once again, amongst friends– albeit in a slightly different capacity. All of you have been totally supportive to me and, I must express my deep sense of gratitude to you for the warm and affectionate welcome that you gave for my appointment. My address today is in the nature of sharing of some of my preliminary thought processes on the subject of globalisation and the financial sector. The presentation today starts with a framework for ap
डिसें 09, 2003
Banking and Trade Finance Inaugural Address
I am indeed privileged to be invited to inaugurate this conference and especially so, as this is the first time that the International Chamber of Commerce Banking Commission Meeting is taking place in India. The contribution made by ICC in standardisation is well-known but perhaps what is not so well-known is that the ICC also contributes to making business policy by publishing policy statements and reports and laying down guidelines, goals and rules. This conference
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
I am indeed privileged to be invited to inaugurate this conference and especially so, as this is the first time that the International Chamber of Commerce Banking Commission Meeting is taking place in India. The contribution made by ICC in standardisation is well-known but perhaps what is not so well-known is that the ICC also contributes to making business policy by publishing policy statements and reports and laying down guidelines, goals and rules. This conference
भारतीय रिझर्व्ह बँक मोबाईल ॲप्लिकेशन इंस्टॉल करा आणि नवीनतम बातम्यांचा त्वरित ॲक्सेस मिळवा!
पेज अंतिम अपडेट तारीख: नोव्हेंबर 21, 2024
