Speeches - Regulating Commercial Banking - ਆਰਬੀਆਈ - Reserve Bank of India
speeches
ਸਤੰ 04, 2015
Basel III Implementation- Challenges for Indian banking system
I am indeed privileged to be sharing the dais with stalwarts and thank ASSOCHAM for giving me this opportunity to speak on challenges in implementing Basel III in India. 2. Basel III framework was basically the response of the global banking regulators to deal with the factors, more specifically those relating to the banking system that led to the global economic crisis or the great recession. In the advanced economies, there was a huge fiscal cost for protecting the
Shri N.S. Vishwanathan, Executive Director, Reserve Bank of India
I am indeed privileged to be sharing the dais with stalwarts and thank ASSOCHAM for giving me this opportunity to speak on challenges in implementing Basel III in India. 2. Basel III framework was basically the response of the global banking regulators to deal with the factors, more specifically those relating to the banking system that led to the global economic crisis or the great recession. In the advanced economies, there was a huge fiscal cost for protecting the
ਅਗ 25, 2015
Disruptive Innovation and Inclusive Growth – Some Random Thoughts
Friends, Disruptive Innovation 2. By this time, I am sure, you all have heard any number of times through these two days what a disruptive innovation is. Let me make you hear that one more time that it is an innovation that helps create a new market and value network and eventually disrupts an existing market and value network over a few years, displacing an earlier technology. 3. The theory of disruptive innovation was invented by Clayton Christensen, of Harvard Busi
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Friends, Disruptive Innovation 2. By this time, I am sure, you all have heard any number of times through these two days what a disruptive innovation is. Let me make you hear that one more time that it is an innovation that helps create a new market and value network and eventually disrupts an existing market and value network over a few years, displacing an earlier technology. 3. The theory of disruptive innovation was invented by Clayton Christensen, of Harvard Busi
ਅਗ 24, 2015
Strong Sustainable Growth for the Indian Economy
We live in an increasingly uncertain world. Seven years after the financial crisis, advanced economies are still growing slowly, while a number of emerging economies are experiencing difficulty as the old export-led growth model flounders. In this environment, there is both challenge and opportunity. Challenge because the world will not provide the strong and supportive growth environment we had in the last decade, opportunity because global capital is looking for inv
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
We live in an increasingly uncertain world. Seven years after the financial crisis, advanced economies are still growing slowly, while a number of emerging economies are experiencing difficulty as the old export-led growth model flounders. In this environment, there is both challenge and opportunity. Challenge because the world will not provide the strong and supportive growth environment we had in the last decade, opportunity because global capital is looking for inv
ਅਗ 12, 2015
Financing for Infrastructure: Current Issues & Emerging Challenges
Smt. Arundhati Bhattacharya, Chairman, State Bank of India Group, Shri V G Kannan, Managing Director, State Bank of India, Shri Praveen Gupta, MD & CEO SBICAP, Shri Abhay Chaudhari, President & COO, SBICAP, Shri Supratim Sarkar, Executive Vice President, SBICAP, esteemed guest speakers, colleagues and friends from SBI & SBICAP and participants. It gives me immense pleasure to deliver the keynote address in this wonderful setting where the annual conclave o
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Smt. Arundhati Bhattacharya, Chairman, State Bank of India Group, Shri V G Kannan, Managing Director, State Bank of India, Shri Praveen Gupta, MD & CEO SBICAP, Shri Abhay Chaudhari, President & COO, SBICAP, Shri Supratim Sarkar, Executive Vice President, SBICAP, esteemed guest speakers, colleagues and friends from SBI & SBICAP and participants. It gives me immense pleasure to deliver the keynote address in this wonderful setting where the annual conclave o
ਅਗ 10, 2015
Strong Financial Services Sector: Imperative for Sustainable Growth
Good Morning to you all! I am pleased to be here this morning to speak to the delegates of this International Conference and I thank ICAI for providing me this opportunity. As you all know, the theme of this morning’s session is “Financial Services Sector- Agenda for Sustainable Growth” and as somebody who has spent his entire professional life in the banking sector - first as a commercial banker and now as a Central banker, I would speak with a particular emphasis on
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Good Morning to you all! I am pleased to be here this morning to speak to the delegates of this International Conference and I thank ICAI for providing me this opportunity. As you all know, the theme of this morning’s session is “Financial Services Sector- Agenda for Sustainable Growth” and as somebody who has spent his entire professional life in the banking sector - first as a commercial banker and now as a Central banker, I would speak with a particular emphasis on
ਜੁਲਾ 23, 2015
Unintended consequences of new international supervisory framework: An Emerging Market Perspective
Bonjour! Thank you Ms. Anne Le Lorier for your thoughts. It is my pleasure to deliver the key note address at this RBI-BdF joint Conference being hosted by Banque de France. Let me begin by thanking you and the BdF for your warmth, friendliness and cordiality. Banque de France is one of the oldest central banks in the world, set up in January 1800 by Napoléon Bonaparte with the objective of fostering renewed economic growth in the wake of the deep recession of the Rev
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Bonjour! Thank you Ms. Anne Le Lorier for your thoughts. It is my pleasure to deliver the key note address at this RBI-BdF joint Conference being hosted by Banque de France. Let me begin by thanking you and the BdF for your warmth, friendliness and cordiality. Banque de France is one of the oldest central banks in the world, set up in January 1800 by Napoléon Bonaparte with the objective of fostering renewed economic growth in the wake of the deep recession of the Rev
ਜੁਲਾ 15, 2015
Securitisation in India: Ambling Down or Revving up?
Financial sector’s primary role is intermediation between ultimate savers and ultimate investors. Initially, it was banks which were the intermediaries. As the financial sector evolved, other types of financial institutions came on the scene to undertake such intermediation directly, or between and among other intermediaries. A parallel development is the emergence of varieties of financial products, far removed from simple deposits and advances, delivering such inter
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Financial sector’s primary role is intermediation between ultimate savers and ultimate investors. Initially, it was banks which were the intermediaries. As the financial sector evolved, other types of financial institutions came on the scene to undertake such intermediation directly, or between and among other intermediaries. A parallel development is the emergence of varieties of financial products, far removed from simple deposits and advances, delivering such inter
ਜੂਨ 26, 2015
Financial Frauds – Prevention: A Question of Knowing Somebody
Ladies and Gentlemen, it’s a great pleasure for me to be amidst all of you this morning to inaugurate the conference on Financial Frauds – Risks and prevention. Introduction 2. “There are three things in the world that deserve no mercy - hypocrisy, fraud, and tyranny” - Frederick William Robertson There is no universally accepted definition for the term ‘fraud’. The laws in many countries do not define fraud; it actually needs no definition; it is as old as falsehood
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen, it’s a great pleasure for me to be amidst all of you this morning to inaugurate the conference on Financial Frauds – Risks and prevention. Introduction 2. “There are three things in the world that deserve no mercy - hypocrisy, fraud, and tyranny” - Frederick William Robertson There is no universally accepted definition for the term ‘fraud’. The laws in many countries do not define fraud; it actually needs no definition; it is as old as falsehood
ਜੂਨ 22, 2015
Roundtable on Capacity Building in Banks
I appreciate CAFRAL for taking the initiative of holding this roundtable on capacity building in banks. As I am given to understand, the objective of this roundtable is to discuss the key aspects of the recommendations of the Committee on Capacity Building in Banks and Non-Bank Institutions (Chairman: Shri G. Goplalakrishna) and to formulate strategy to streamline and implement the recommendations. I also understand that the issues and challenges in implementing these
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
I appreciate CAFRAL for taking the initiative of holding this roundtable on capacity building in banks. As I am given to understand, the objective of this roundtable is to discuss the key aspects of the recommendations of the Committee on Capacity Building in Banks and Non-Bank Institutions (Chairman: Shri G. Goplalakrishna) and to formulate strategy to streamline and implement the recommendations. I also understand that the issues and challenges in implementing these
ਮਈ 05, 2015
Indian Banking Sector: Emerging Challenges and Way Forward
Shri Sharad Sharma, Managing Director, State Bank of Mysore; Shri Karthak, Regional Director for Karnataka, RBI; senior colleagues from the banking fraternity; ladies and gentlemen! It is a privilege for me to deliver the inaugural memorial lecture in the honour of His Highness Sri Nalwadi Krishnaraja Wadiyar, former Maharaja of Mysore. It is quite apt that a memorial lecture has been instituted by State Bank of Mysore in the honour of Sri Krishnaraja Wadiyar. The pro
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri Sharad Sharma, Managing Director, State Bank of Mysore; Shri Karthak, Regional Director for Karnataka, RBI; senior colleagues from the banking fraternity; ladies and gentlemen! It is a privilege for me to deliver the inaugural memorial lecture in the honour of His Highness Sri Nalwadi Krishnaraja Wadiyar, former Maharaja of Mysore. It is quite apt that a memorial lecture has been instituted by State Bank of Mysore in the honour of Sri Krishnaraja Wadiyar. The pro
ਅਪ੍ਰੈ 20, 2015
Differentiated Banks: Design Challenges
In a dynamic growth-oriented economy, the financial sector needs to keep pace with the demands of the real sector. It is crucial that the financial system is flexible and competitive to cope with multiple objectives and demands made on it by various constituents of the economy. The financial sector comes of age when it has diverse institutions, catering to different segments, ranging from retail to wholesale, micro-finance to project finance, nurturing specific sector
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
In a dynamic growth-oriented economy, the financial sector needs to keep pace with the demands of the real sector. It is crucial that the financial system is flexible and competitive to cope with multiple objectives and demands made on it by various constituents of the economy. The financial sector comes of age when it has diverse institutions, catering to different segments, ranging from retail to wholesale, micro-finance to project finance, nurturing specific sector
ਮਾਰਚ 23, 2015
Banker-Borrower Interplay: Synergies & Challenges
Shri A.C. Mahajan, Chairman, BCSBI; Shri M. Narendra, Chairman, Assocham National Council for Banking & Finance; Shri Ashvin Parekh, MD APAS LLP; other dignitaries on the dais; colleagues from the banking fraternity; members of Assocham; representatives of the print and electronic media; ladies and gentlemen! Let me begin by complimenting ASSOCHAM for flagging an issue that is so relevant and contemporaneous for the banking industry. Banks face immense challenges
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri A.C. Mahajan, Chairman, BCSBI; Shri M. Narendra, Chairman, Assocham National Council for Banking & Finance; Shri Ashvin Parekh, MD APAS LLP; other dignitaries on the dais; colleagues from the banking fraternity; members of Assocham; representatives of the print and electronic media; ladies and gentlemen! Let me begin by complimenting ASSOCHAM for flagging an issue that is so relevant and contemporaneous for the banking industry. Banks face immense challenges
ਮਾਰਚ 03, 2015
Recent Policy initiatives in Credit Information Sharing
Shri M.V.Nair, Chairman, CIBIL; Ms. Arundhati Bhattacharya, Chairman, SBI; Shri T.M. Bhasin, Chairman, IBA; Shri Arun Thukral, Managing Director, CIBIL; delegates to the Conference; ladies and gentlemen! It is a pleasure for me to be present here this morning to deliver the keynote address at the Seventh Annual CIBIL TransUnion Credit Information Conference. Background 2. Consequent to the recommendations of the ‘Working Group to explore the possibilities of setting u
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Shri M.V.Nair, Chairman, CIBIL; Ms. Arundhati Bhattacharya, Chairman, SBI; Shri T.M. Bhasin, Chairman, IBA; Shri Arun Thukral, Managing Director, CIBIL; delegates to the Conference; ladies and gentlemen! It is a pleasure for me to be present here this morning to deliver the keynote address at the Seventh Annual CIBIL TransUnion Credit Information Conference. Background 2. Consequent to the recommendations of the ‘Working Group to explore the possibilities of setting u
ਫ਼ਰ 24, 2015
Emerging Trends in the Global Financial Landscape: India’s Challenges and Opportunities
Good morning Symbiosis. Dr. Rajani Gupte, Vice Chancellor, Symbiosis International University, Dr. Bhama Venkataramani, Director, Symbiosis Centre for Management Studies, Mr. Y.M Deosthalee, Chairman & MD, L&T Finance Holdings Ltd., Mr. Alexander K. Sattler, Financial Counsellor & Representative of the Deutsche Bundesbank, members of faculty, students, distinguished invitees and friends from media. It is a pleasure to be in your midst and inaugurate the Th
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Good morning Symbiosis. Dr. Rajani Gupte, Vice Chancellor, Symbiosis International University, Dr. Bhama Venkataramani, Director, Symbiosis Centre for Management Studies, Mr. Y.M Deosthalee, Chairman & MD, L&T Finance Holdings Ltd., Mr. Alexander K. Sattler, Financial Counsellor & Representative of the Deutsche Bundesbank, members of faculty, students, distinguished invitees and friends from media. It is a pleasure to be in your midst and inaugurate the Th
ਫ਼ਰ 02, 2015
Problem Loan Management & MSME Financing
I am very glad to be talking to you on a subject which is very contemporary and very critical for the economy. Both the Government of India and the Reserve Bank have long been convinced of the contribution, and of the enormous potential, of the SME sector to the economic growth, employment and income generation for vast masses of the country. Recent Government pronouncements about “Make in India” are fundamentally based on these convictions. Therefore, detailed discus
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
I am very glad to be talking to you on a subject which is very contemporary and very critical for the economy. Both the Government of India and the Reserve Bank have long been convinced of the contribution, and of the enormous potential, of the SME sector to the economic growth, employment and income generation for vast masses of the country. Recent Government pronouncements about “Make in India” are fundamentally based on these convictions. Therefore, detailed discus
ਜਨ 19, 2015
Changing Contours of Debt Management
Mr Sharan, Mr Sridharan, office bearers of Primary Dealers Association of India (PDAI) and other colleagues from banking fraternity. India, like other Emerging Market Economies (EMEs), has been impacted by the global financial crisis, European sovereign debt crisis and related developments. We were certainly bruised, but not battered. This led to increased volatility and uncertainty in the financial markets. Like other economies, we had also embarked on a program of f
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Mr Sharan, Mr Sridharan, office bearers of Primary Dealers Association of India (PDAI) and other colleagues from banking fraternity. India, like other Emerging Market Economies (EMEs), has been impacted by the global financial crisis, European sovereign debt crisis and related developments. We were certainly bruised, but not battered. This led to increased volatility and uncertainty in the financial markets. Like other economies, we had also embarked on a program of f
ਜਨ 15, 2015
Role of Audit Committees in Financial Conglomerates
Introduction Ms. Chanda Kochhar, MD & CEO, ICICI Bank; members of the Audit Committee of the Boards of ICICI Bank subsidiaries & other senior officials from ICICI Bank Group! It is, indeed, a pleasure and privilege for me to be here today and to interact with the members of the Audit Committee of the bank as well as those of the subsidiary companies. I understand that this is the fifth such occasion when this kind of a meeting has been organized and I congratu
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Introduction Ms. Chanda Kochhar, MD & CEO, ICICI Bank; members of the Audit Committee of the Boards of ICICI Bank subsidiaries & other senior officials from ICICI Bank Group! It is, indeed, a pleasure and privilege for me to be here today and to interact with the members of the Audit Committee of the bank as well as those of the subsidiary companies. I understand that this is the fifth such occasion when this kind of a meeting has been organized and I congratu
ਜਨ 12, 2015
Public Sector Banks: At Cross Road
Ladies and Gentlemen! It is a pleasure and privilege to be among the banking and industry participantsat this Conference on “Indian PSU Banking Industry: Road Ahead” organised by the Bengal Chamber of Commerce and Industry. The theme of the Conference is very contemporary. In recent times, the PSBs position in the banking pecking order has been seriously challenged. There are lot of churning of ideas to restore greater strength in them. I thought today I can discuss c
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen! It is a pleasure and privilege to be among the banking and industry participantsat this Conference on “Indian PSU Banking Industry: Road Ahead” organised by the Bengal Chamber of Commerce and Industry. The theme of the Conference is very contemporary. In recent times, the PSBs position in the banking pecking order has been seriously challenged. There are lot of churning of ideas to restore greater strength in them. I thought today I can discuss c
ਦਸੰ 29, 2014
Banks, Debt Recovery and Regulations: A synergy
Honourable Judges of Debt Recovery Appellate Tribunals (DRATs) and the Presiding Officers of Debt Recovery Tribunals (DRTs) and other distinguished guests. It is an honour for me to address you all here at this Workshop organised under the aegis of CAFRAL. This Workshop comes at a very opportune time when banks are facing multi-dimensional challenges to recover their debts. The rising level of non-performing assets is a major concern of the banking system. In spite of
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Honourable Judges of Debt Recovery Appellate Tribunals (DRATs) and the Presiding Officers of Debt Recovery Tribunals (DRTs) and other distinguished guests. It is an honour for me to address you all here at this Workshop organised under the aegis of CAFRAL. This Workshop comes at a very opportune time when banks are facing multi-dimensional challenges to recover their debts. The rising level of non-performing assets is a major concern of the banking system. In spite of
ਨਵੰ 25, 2014
Saving Credit
Let me start by thanking the Director of IRMA for inviting me to deliver the Third Dr. Verghese Kurien lecture. Dr. Kurien was a pioneer in the co-operative movement. He not only was instrumental in bringing about the White Revolution but he also built a variety of institutions, including Amul, IRMA, and NDDB. In creating the means by which farmers could get remunerative, stable incomes, even while professionals managed their interactions with the modern market econom
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Let me start by thanking the Director of IRMA for inviting me to deliver the Third Dr. Verghese Kurien lecture. Dr. Kurien was a pioneer in the co-operative movement. He not only was instrumental in bringing about the White Revolution but he also built a variety of institutions, including Amul, IRMA, and NDDB. In creating the means by which farmers could get remunerative, stable incomes, even while professionals managed their interactions with the modern market econom
ਨਵੰ 19, 2014
Emerging contours of Regulation and Supervision in the Indian Banking Sector
Delegates to the conference, ladies and gentlemen! It is a pleasure to be here this morning to interact with you all. At the outset, I would like to thank Axis Capital Limited and especially Mr. Nilesh Shah, for inviting me to address the participants. 2. During 2013-14, amid slow growth and high inflation, the Indian economy had to contend with serious challenges to external stability emanating from an unsustainably high current account deficit (CAD), capital outflow
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Delegates to the conference, ladies and gentlemen! It is a pleasure to be here this morning to interact with you all. At the outset, I would like to thank Axis Capital Limited and especially Mr. Nilesh Shah, for inviting me to address the participants. 2. During 2013-14, amid slow growth and high inflation, the Indian economy had to contend with serious challenges to external stability emanating from an unsustainably high current account deficit (CAD), capital outflow
ਨਵੰ 10, 2014
Structure of Foreign banks for emerging nations – Indian case
Ladies and Gentlemen! It is a pleasure and privilege to be among the banking and finance industry participants and fellow regulators in this ASIFMA Annual Conference on Developing Asia’s Capital Market. The theme of the Conference is very contemporary. Though the theme relates to Capital Market, I also find that you had included credit and banking in the discussions. And I find that one of the panel sessions was specific to India, besides many other sessions which als
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen! It is a pleasure and privilege to be among the banking and finance industry participants and fellow regulators in this ASIFMA Annual Conference on Developing Asia’s Capital Market. The theme of the Conference is very contemporary. Though the theme relates to Capital Market, I also find that you had included credit and banking in the discussions. And I find that one of the panel sessions was specific to India, besides many other sessions which als
ਅਕਤੂ 14, 2014
Banking Renaissance: Inclusion, Innovation & Implementation
Shri Arun Tiwari, Chairman, Union Bank of India; Dr. Rajan Saxena, Vice-Chancellor, Narsee Monjee Institute of Management Studies (NMIMS); Dr. Shamsuddin Ahmed, Dean; Dr. Vrinda Kamat, Professor and Programme Chairperson (MBA Banking); Shri. C. B. Ramamurthy; faculty and students of the School of Business Management, NMIMS University; distinguished invitees, members of the print and electronic media, ladies and gentlemen! At the outset, let me commend the NMIMS for im
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri Arun Tiwari, Chairman, Union Bank of India; Dr. Rajan Saxena, Vice-Chancellor, Narsee Monjee Institute of Management Studies (NMIMS); Dr. Shamsuddin Ahmed, Dean; Dr. Vrinda Kamat, Professor and Programme Chairperson (MBA Banking); Shri. C. B. Ramamurthy; faculty and students of the School of Business Management, NMIMS University; distinguished invitees, members of the print and electronic media, ladies and gentlemen! At the outset, let me commend the NMIMS for im
ਅਕਤੂ 01, 2014
Designing Banking Regulation in Aspiring Economies: The Challenges
Prof. Suresh Aggarwal, Head of the Department of Business Economics, University of Delhi, delegates to this flagship 41st Annual Convention of the Department and students participating in the convention - very good morning! It is an honour for me to be here today to deliver the inaugural address of the convention. The convention provides a valuable platform for interaction between the industry and academia on various current issues relevant to creating conducive busin
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Prof. Suresh Aggarwal, Head of the Department of Business Economics, University of Delhi, delegates to this flagship 41st Annual Convention of the Department and students participating in the convention - very good morning! It is an honour for me to be here today to deliver the inaugural address of the convention. The convention provides a valuable platform for interaction between the industry and academia on various current issues relevant to creating conducive busin
ਸਤੰ 17, 2014
Protecting Customers - Safeguarding Stability
Introduction: At the outset, I thank the All India Bank Depositors’ Association for inviting me to this - their Annual event. I am deeply honoured to be here today for the 10th M R Pai Memorial Awards. It is with a sense of great humility that I deliver this address. The memorial is a fitting tribute to Shri M R Pai, a crusader of Customer Rights. A Karma Yogi in the spirit of the Bhagwad Geeta, one who worked selflessly and without hope of reward, guided by the Gita’
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
Introduction: At the outset, I thank the All India Bank Depositors’ Association for inviting me to this - their Annual event. I am deeply honoured to be here today for the 10th M R Pai Memorial Awards. It is with a sense of great humility that I deliver this address. The memorial is a fitting tribute to Shri M R Pai, a crusader of Customer Rights. A Karma Yogi in the spirit of the Bhagwad Geeta, one who worked selflessly and without hope of reward, guided by the Gita’
ਸਤੰ 16, 2014
Digital India: Emerging Challenges & Opportunities for the Banking Sector - A presentation by Harun R Khan, Deputy Governor, Reserve Bank of India, at the FIBAC 2014
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
ਸਤੰ 16, 2014
Re-emphasizing the Role of Compliance Function In Banks
Shri G. Gopalakrishna, Director, CAFRAL; Shri P.R. Ravi Mohan, Chief General Manager-in-Charge, Department of Banking Supervision, Reserve Bank of India (RBI) and the conference participants! It is a pleasure for me to deliver the keynote address at this Conference of senior representatives of the compliance departments of commercial banks. Across the globe, it is an accepted fact that compliance is an area that warrants considerable attention. In recent times, the em
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri G. Gopalakrishna, Director, CAFRAL; Shri P.R. Ravi Mohan, Chief General Manager-in-Charge, Department of Banking Supervision, Reserve Bank of India (RBI) and the conference participants! It is a pleasure for me to deliver the keynote address at this Conference of senior representatives of the compliance departments of commercial banks. Across the globe, it is an accepted fact that compliance is an area that warrants considerable attention. In recent times, the em
ਅਗ 22, 2014
Danger Posed by Shadow Banking Systems to the Global Financial System - The Indian Case
What is Shadow Banking? Shadow banking is a universal phenomenon, although it takes on different forms. In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitization; while in the economically backward economies where financial market is still in a developing stage, the activities are more of supplementary to banking activities. However, in both the structures, shadow banking operates
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
What is Shadow Banking? Shadow banking is a universal phenomenon, although it takes on different forms. In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitization; while in the economically backward economies where financial market is still in a developing stage, the activities are more of supplementary to banking activities. However, in both the structures, shadow banking operates
ਅਗ 21, 2014
Real Estate and Housing - A Sensitive Sector or Samvriddhi Sector ?
Shri Navin Raheja, Chairman, National Real Estate Development Council, Shri Sunil Mantri, President, NAREDCO, members of NAREDCO, Ladies and Gentlemen, a warm good evening to all of you. I am very happy to be addressing you all at this valedictory session of the NAREDCO Conclave on Banking & Investment Reforms. Real estate and our economy 2. The term ‘real estate’ is defined1 as land, including the air above it, the ground below it, and any buildings or structures
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Shri Navin Raheja, Chairman, National Real Estate Development Council, Shri Sunil Mantri, President, NAREDCO, members of NAREDCO, Ladies and Gentlemen, a warm good evening to all of you. I am very happy to be addressing you all at this valedictory session of the NAREDCO Conclave on Banking & Investment Reforms. Real estate and our economy 2. The term ‘real estate’ is defined1 as land, including the air above it, the ground below it, and any buildings or structures
ਜੂਨ 30, 2014
Banks in India: Challenges & Opportunities
Smt. Arundhati Bhattacharya, Chairman, State Bank of India, Shri. Deepak Parekh, Chairman HDFC, Shri. V. G. Kannan, Chairman, SBI Cap Securities Ltd., Shri. Mani Palivesan, Managing Director, SBI Cap Securities Ltd, distinguished panelists and participants. It is a pleasure to address the BFSI Conference 2014 which features panel discussions on topical issues in banking. The first panel discussion, interestingly, is on Disruptive Themes for Next Decade. The word disru
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Smt. Arundhati Bhattacharya, Chairman, State Bank of India, Shri. Deepak Parekh, Chairman HDFC, Shri. V. G. Kannan, Chairman, SBI Cap Securities Ltd., Shri. Mani Palivesan, Managing Director, SBI Cap Securities Ltd, distinguished panelists and participants. It is a pleasure to address the BFSI Conference 2014 which features panel discussions on topical issues in banking. The first panel discussion, interestingly, is on Disruptive Themes for Next Decade. The word disru
ਜੂਨ 30, 2014
Governance in the Corporate Sector – Certain Perspectives
Mr. Sridharan, President, Institute of Company Secretaries of India (ICSI), Mr. Khare Vice-President, Mr. Sahoo, ladies and gentlemen. Good afternoon. It is my pleasure and privilege to address this gathering today at the conclusion of the 15th National Conference of Practicing Company Secretaries (PCS) held under the aegis of ICSI. When my good friend Mr. Sahoo asked me to address this august gathering, I accepted with alacrity since I am aware that the ICSI has been
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Mr. Sridharan, President, Institute of Company Secretaries of India (ICSI), Mr. Khare Vice-President, Mr. Sahoo, ladies and gentlemen. Good afternoon. It is my pleasure and privilege to address this gathering today at the conclusion of the 15th National Conference of Practicing Company Secretaries (PCS) held under the aegis of ICSI. When my good friend Mr. Sahoo asked me to address this august gathering, I accepted with alacrity since I am aware that the ICSI has been
ਜੂਨ 17, 2014
Financial Sector Legislative Reforms Committee Report (FSLRC): What to do and when?
The Financial Sector Legislative Reforms Committee (FSLRC) Report is one of the most important, well researched, as well as well-publicized reports in Indian financial history. It not only lays out the functions of the financial sector and how it should be structured, but also how legislation and regulation governing it ought to look like. The authors of this report truly have to be commended for their national service. The report’s influence will be felt for many yea
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
The Financial Sector Legislative Reforms Committee (FSLRC) Report is one of the most important, well researched, as well as well-publicized reports in Indian financial history. It not only lays out the functions of the financial sector and how it should be structured, but also how legislation and regulation governing it ought to look like. The authors of this report truly have to be commended for their national service. The report’s influence will be felt for many yea
ਜੂਨ 16, 2014
Indian Banking Sector: Role in Triggering Future Growth
Good evening, Ladies and Gentlemen! 2. It is both an honour and a privilege to attend this important Conference at the Indian Chamber of Commerce (ICC) in Kolkata. From humble beginnings in the early 1920s, the ICC has come a long way and has presently evolved into a leading national chamber operating from Kolkata. With banks being the mainstay of the financial system, I am sure that the deliberations in the Conference would have provided important insights to all att
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Good evening, Ladies and Gentlemen! 2. It is both an honour and a privilege to attend this important Conference at the Indian Chamber of Commerce (ICC) in Kolkata. From humble beginnings in the early 1920s, the ICC has come a long way and has presently evolved into a leading national chamber operating from Kolkata. With banks being the mainstay of the financial system, I am sure that the deliberations in the Conference would have provided important insights to all att
ਜੂਨ 02, 2014
Growing NPAs in Banks: Efficacy of Ratings Accountability & Transparency of Credit Rating Agencies
Shri Jajodia, Shri Narang, Shri Dubey, Shri Kulkarni, Shri Dogra, Shri Khanna, Shri Pathak, other distinguished speakers, Ladies and Gentlemen, a very good morning to everyone! To start with I would like to commend ASSOCHAM for this seminar, for bringing together experts from banking and rating industry, to discuss and debate upon this very pertinent and challenging subject of NPAs and credit rating. A subject like this needs a lot of discussion and thinking, because
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Shri Jajodia, Shri Narang, Shri Dubey, Shri Kulkarni, Shri Dogra, Shri Khanna, Shri Pathak, other distinguished speakers, Ladies and Gentlemen, a very good morning to everyone! To start with I would like to commend ASSOCHAM for this seminar, for bringing together experts from banking and rating industry, to discuss and debate upon this very pertinent and challenging subject of NPAs and credit rating. A subject like this needs a lot of discussion and thinking, because
ਮਈ 26, 2014
KYC : Compliance vs Convenience
Is KYC a recent phenomenon? KYC was always there in banking! The focus, earlier, was more on the asset side and not on the liability side as no banker could risk parting with his funds to an unknown person. The thorough appraisal process to screen the potential borrowers is a good example of KYC process. Then, issues such as illegal/black money and more recently, terrorism financing became matters of serious concern and then KYC on payments and remittances, and conseq
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Is KYC a recent phenomenon? KYC was always there in banking! The focus, earlier, was more on the asset side and not on the liability side as no banker could risk parting with his funds to an unknown person. The thorough appraisal process to screen the potential borrowers is a good example of KYC process. Then, issues such as illegal/black money and more recently, terrorism financing became matters of serious concern and then KYC on payments and remittances, and conseq
ਮਈ 20, 2014
Banks Must build a Structure to provide Superior and Efficient Customer Service
Respected Shri Mahajan, Smt Rama Bijapurkar, member, Governing Council, Banking Standards Codes and Standards Board of India (BCSBI), Shri N Raja, CEO, BCSBI and banker colleagues. At the very outset, I thank Shri Mahajan, Chairman, BCSBI for the kind invitation to address Principal Code Compliance Officers of the BCSBI, this afternoon. I attach a great deal of value to this interaction. The day long deliberations will provide you the opportunity to Brainstorm with PC
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
Respected Shri Mahajan, Smt Rama Bijapurkar, member, Governing Council, Banking Standards Codes and Standards Board of India (BCSBI), Shri N Raja, CEO, BCSBI and banker colleagues. At the very outset, I thank Shri Mahajan, Chairman, BCSBI for the kind invitation to address Principal Code Compliance Officers of the BCSBI, this afternoon. I attach a great deal of value to this interaction. The day long deliberations will provide you the opportunity to Brainstorm with PC
ਮਈ 20, 2014
Competition in the Banking Sector: Opportunities and Challenges
Good evening. Shri Ashok Chawla, distinguished invitees, our friends from the press, and ladies and gentlemen: It is a great honour to be invited to deliver the Annual Day lecture at the Competition Commission of India. Competition is the life force of a modern economy – it replaces dated and inefficient methods while preserving valuable traditions; it rewards the innovative and energetic and punishes the merely connected; it destroys the stability of the status quo w
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Good evening. Shri Ashok Chawla, distinguished invitees, our friends from the press, and ladies and gentlemen: It is a great honour to be invited to deliver the Annual Day lecture at the Competition Commission of India. Competition is the life force of a modern economy – it replaces dated and inefficient methods while preserving valuable traditions; it rewards the innovative and energetic and punishes the merely connected; it destroys the stability of the status quo w
ਮਈ 13, 2014
Credit Scoring
Shri R.K. Dubey, Chairman and Managing Director, Canara Bank of India, other distinguished guests, ladies and gentlemen. I am happy to be here for the launch of Canara Bank’s credit scoring model for MSMEs. We had recently on November 29, 2013 held a workshop on credit scoring models with experts from IFC, which was fundamentally aimed at capacity building in the banking sector by imparting practical knowhow to Bankers who are expected to use it in their day-to-day op
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
Shri R.K. Dubey, Chairman and Managing Director, Canara Bank of India, other distinguished guests, ladies and gentlemen. I am happy to be here for the launch of Canara Bank’s credit scoring model for MSMEs. We had recently on November 29, 2013 held a workshop on credit scoring models with experts from IFC, which was fundamentally aimed at capacity building in the banking sector by imparting practical knowhow to Bankers who are expected to use it in their day-to-day op
ਮਈ 09, 2014
Indian Banking at Crossroads – Challenge of Risk Management from Globalisation to Financial Inclusion
Shri Shailesh Vaidya, Chairman, Indian Merchants’ Chamber (IMC), Shri Chandan Bhattacharya, Chairman, Finance and Banking Committee, IMC and delegates to this IMC National Seminar, a very warm good evening! It is an honour for me to be here today to deliver the valedictory address of this National Seminar organised by IMC. The Seminar provides an opportunity to consider the developments in the banking risk management, assess the recent experience in this space and wor
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Shri Shailesh Vaidya, Chairman, Indian Merchants’ Chamber (IMC), Shri Chandan Bhattacharya, Chairman, Finance and Banking Committee, IMC and delegates to this IMC National Seminar, a very warm good evening! It is an honour for me to be here today to deliver the valedictory address of this National Seminar organised by IMC. The Seminar provides an opportunity to consider the developments in the banking risk management, assess the recent experience in this space and wor
ਅਪ੍ਰੈ 23, 2014
Framework for the conduct of macroprudential policy in India: experiences and perspectives
(Reproduced with permission from Financial Stability Review, April 2014 published by Banque de France)
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
(Reproduced with permission from Financial Stability Review, April 2014 published by Banque de France)
ਮਾਰਚ 21, 2014
Transforming Credit Information into Action: Issues and Challenges
Shri M.V.Nair, Chairman, CIBIL; Shri R.V.Verma, CMD, National Housing Bank; Shri M.V.Tanksale, Chief Executive, Indian Banks’ Association; Shri Rajiv Sabharwal, Executive Director, ICICI Bank; Shri Arun Thukral, Managing Director, CIBIL; Shri Satish Pillai, Chief Operating Officer, CIBIL; delegates to the Conference; friends from the media fraternity; ladies and gentlemen! It is a pleasure for me to be present here this morning to deliver the keynote address at the Si
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri M.V.Nair, Chairman, CIBIL; Shri R.V.Verma, CMD, National Housing Bank; Shri M.V.Tanksale, Chief Executive, Indian Banks’ Association; Shri Rajiv Sabharwal, Executive Director, ICICI Bank; Shri Arun Thukral, Managing Director, CIBIL; Shri Satish Pillai, Chief Operating Officer, CIBIL; delegates to the Conference; friends from the media fraternity; ladies and gentlemen! It is a pleasure for me to be present here this morning to deliver the keynote address at the Si
ਮਾਰਚ 11, 2014
Efficient systems and Proficient banks
Shri Sambamurthy, Dr Ramasastri, Dr Gulshan Rai, CIOs of banks, faculty and staff of IDRBT, ladies and gentlemen. I would like to express my gratitude to the Director for inviting me to deliver the keynote address at the two day Conference for the Chief Information Officers (CIO) of banks. I addressed a similar forum of CIOs in December 2012 at this very venue. I recollect that I had left the audience with a few questions for further deliberations in the Conference. I
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Shri Sambamurthy, Dr Ramasastri, Dr Gulshan Rai, CIOs of banks, faculty and staff of IDRBT, ladies and gentlemen. I would like to express my gratitude to the Director for inviting me to deliver the keynote address at the two day Conference for the Chief Information Officers (CIO) of banks. I addressed a similar forum of CIOs in December 2012 at this very venue. I recollect that I had left the audience with a few questions for further deliberations in the Conference. I
ਫ਼ਰ 25, 2014
Bold face of India’s economy speaks out
Emerging markets Jacob Greber and Greg Earl report on governor with an impeccable pedigree Raghuram Rajan represents the bold face of India’s potential new economy – impeccably credentialed, upbeat and ready to force himself onto centre stage in the global debate about the reshaping of the world economy. Appointed as governor of the Reserve Bank of India in September, Rajan has taken no time to make himself heard in international financial markets. Last month he too
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Emerging markets Jacob Greber and Greg Earl report on governor with an impeccable pedigree Raghuram Rajan represents the bold face of India’s potential new economy – impeccably credentialed, upbeat and ready to force himself onto centre stage in the global debate about the reshaping of the world economy. Appointed as governor of the Reserve Bank of India in September, Rajan has taken no time to make himself heard in international financial markets. Last month he too
ਫ਼ਰ 15, 2014
Financial Regulation: Which Way Forward?
I thank Prof. Rajas Parchure for inviting me to this Economic Conclave at the Gokhale Institute. The Conclave has brought together eminent scholars and policy practitioners to brainstorm on issues of contemporary relevance to the Indian economy. Such interchange of ideas is important not only in encouraging research but also in shaping the contours of policymaking. While the recent global financial crisis taught us several lessons, one key message has been the weaknes
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Prof. Rajas Parchure for inviting me to this Economic Conclave at the Gokhale Institute. The Conclave has brought together eminent scholars and policy practitioners to brainstorm on issues of contemporary relevance to the Indian economy. Such interchange of ideas is important not only in encouraging research but also in shaping the contours of policymaking. While the recent global financial crisis taught us several lessons, one key message has been the weaknes
ਫ਼ਰ 07, 2014
Human Resource Challenges in Indian banks: ‘Foolproof’ing the employees
Smt. Meena Hemchandra, Principal, College of Agricultural Banking (CAB), Pune; Shri R.K.Gupta, Executive Director, Bank of Maharashtra; delegates to the Conference; ladies and gentlemen! I thank the Principal, CAB for inviting me to inaugurate this conference of HR heads of banks and financial institutions. I feel the choice of theme for the Conference i.e. “Future Proofing of Banking Personnel” is quite interesting. Given that this Conference is now in its 7th year,
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Smt. Meena Hemchandra, Principal, College of Agricultural Banking (CAB), Pune; Shri R.K.Gupta, Executive Director, Bank of Maharashtra; delegates to the Conference; ladies and gentlemen! I thank the Principal, CAB for inviting me to inaugurate this conference of HR heads of banks and financial institutions. I feel the choice of theme for the Conference i.e. “Future Proofing of Banking Personnel” is quite interesting. Given that this Conference is now in its 7th year,
ਫ਼ਰ 03, 2014
Indian Banking: the New Landscape
Sukumar and Tamal, thank you very much, for this invite. I am happy to note that you and your paper- the Mint, have been focussing on the process of change for the Indian banking that is presently underway. I see that in many of its writings. By organizing this discussion on ‘Indian Banking: The New Landscape’, it will further spur thoughts and debates in this area. That this discussion has drawn several doyens of the Indian banking, is a testimony to the importance o
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Sukumar and Tamal, thank you very much, for this invite. I am happy to note that you and your paper- the Mint, have been focussing on the process of change for the Indian banking that is presently underway. I see that in many of its writings. By organizing this discussion on ‘Indian Banking: The New Landscape’, it will further spur thoughts and debates in this area. That this discussion has drawn several doyens of the Indian banking, is a testimony to the importance o
ਦਸੰ 13, 2013
NISM Conference on Ethics and Corporate Governance
Introduction At the outset, let me congratulate the organisers for this topical choice of subject, one which concerns us all. I thank Director, National Institute of Securities Markets, Dr.Sandip Ghose and the Institute of Company Secretaries for having me here and my dear friend, Prashant Saran, for that brilliant opening address, which quite sets the tone for this panel. Que Custodiet Ipso Custodes? Who will guard the guards ? Over the last two decades, corporate go
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
Introduction At the outset, let me congratulate the organisers for this topical choice of subject, one which concerns us all. I thank Director, National Institute of Securities Markets, Dr.Sandip Ghose and the Institute of Company Secretaries for having me here and my dear friend, Prashant Saran, for that brilliant opening address, which quite sets the tone for this panel. Que Custodiet Ipso Custodes? Who will guard the guards ? Over the last two decades, corporate go
ਦਸੰ 12, 2013
Financial Sector Reforms
The economy is stabilizing, but there is no room for complacency. Some part of improvement in the CAD has happened due to suppressing gold imports. Not all the measures to reduce fiscal deficit are of high quality. We have considerable work to do still. At the same time the country faces elections next year. A stable government post elections, while likely, cannot be taken for granted. This implies that all parties have to work together today to ensure that any govern
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
The economy is stabilizing, but there is no room for complacency. Some part of improvement in the CAD has happened due to suppressing gold imports. Not all the measures to reduce fiscal deficit are of high quality. We have considerable work to do still. At the same time the country faces elections next year. A stable government post elections, while likely, cannot be taken for granted. This implies that all parties have to work together today to ensure that any govern
ਦਸੰ 04, 2013
Credit Scoring – An effective way to ensure availability of timely and adequate credit to MSEs
Ms. Jennifer Isern, Manager, South Asia Advisory Services, International Finance Corporation (IFC); Shri S.K. Dubey, CMD, Canara Bank; Shri H.S.U. Kamath, CMD, Vijaya Bank; Smt. Archana Bhargava, CMD, United Bank of India; Shri Ashwini Kumar, CMD, Dena Bank; Shri S.R. Bansal, CMD, Corporation Bank; Shri Sushil Muhnot, CMD, Bank of Maharashtra; Dr. Deepali Pant Joshi, Executive Director, Reserve Bank of India; Executive Directors and other senior officials from various
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Ms. Jennifer Isern, Manager, South Asia Advisory Services, International Finance Corporation (IFC); Shri S.K. Dubey, CMD, Canara Bank; Shri H.S.U. Kamath, CMD, Vijaya Bank; Smt. Archana Bhargava, CMD, United Bank of India; Shri Ashwini Kumar, CMD, Dena Bank; Shri S.R. Bansal, CMD, Corporation Bank; Shri Sushil Muhnot, CMD, Bank of Maharashtra; Dr. Deepali Pant Joshi, Executive Director, Reserve Bank of India; Executive Directors and other senior officials from various
ਨਵੰ 18, 2013
Two decades of credit management in banks : Looking back and moving ahead
Presentation Shri K.R. Kamath, Chairman, IBA and Chairman, Punjab National Bank; Smt. V.R. Iyer, Chairperson, Bank of India; CMDs of banks, delegates to the BANCON 2013; members of the print and electronic media; my other colleagues from the banking fraternity; ladies and gentlemen! At the outset let me thank the Indian Banks’ Association and the Bank of India for giving me this opportunity to share my thoughts with you from the platform of BANCON. This annual event i
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Presentation Shri K.R. Kamath, Chairman, IBA and Chairman, Punjab National Bank; Smt. V.R. Iyer, Chairperson, Bank of India; CMDs of banks, delegates to the BANCON 2013; members of the print and electronic media; my other colleagues from the banking fraternity; ladies and gentlemen! At the outset let me thank the Indian Banks’ Association and the Bank of India for giving me this opportunity to share my thoughts with you from the platform of BANCON. This annual event i
ਨਵੰ 15, 2013
The Five Pillars of RBI’s Financial Sector Policies
Good evening. I thank the organisers for inviting me. These are challenging times for the Indian economy, but I have dwelt on those near-term challenges elsewhere. Let me turn instead to the opportunities we have to make India a far better place than it is today, focussing in particular on finance. Much of the world is ageing, facing the demographic tax of having to pay for an increasingly elderly population with a shrinking work force. Much of the world has run out o
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Good evening. I thank the organisers for inviting me. These are challenging times for the Indian economy, but I have dwelt on those near-term challenges elsewhere. Let me turn instead to the opportunities we have to make India a far better place than it is today, focussing in particular on finance. Much of the world is ageing, facing the demographic tax of having to pay for an increasingly elderly population with a shrinking work force. Much of the world has run out o
ਨਵੰ 13, 2013
Vigilance Administration: Encouraging Probity in Public Life
Shri A. K. Handa, Chairman, Centre For Integrity, Governance & Training on Vigilance Administration (CIGVA); Shri S .K. Goel, former CMD, UCO Bank; Shri R.V. Verma, Chairman, NHB; other officials of CIGVA; delegates to this seminar on Vigilance Administration, ladies and gentlemen! At the outset, let me congratulate CIGVA and Shri Handa for creating an institutional forum which seeks to strengthen the governance processes with an underlying objective of bringing a
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri A. K. Handa, Chairman, Centre For Integrity, Governance & Training on Vigilance Administration (CIGVA); Shri S .K. Goel, former CMD, UCO Bank; Shri R.V. Verma, Chairman, NHB; other officials of CIGVA; delegates to this seminar on Vigilance Administration, ladies and gentlemen! At the outset, let me congratulate CIGVA and Shri Handa for creating an institutional forum which seeks to strengthen the governance processes with an underlying objective of bringing a
ਨਵੰ 11, 2013
Training for Commercial Bankers
Honorable Chancellor Shri Vinay Hegde, Professor Dr. Ramananda Shetty, Dr. Shantaram Shetty, Dr. Thingalaya, Shri S.K. Jain, CMD, Syndicate Bank, Shri S.R. Bansal, CMD, Corporation Bank, Shri Anantha krishna, Chairman, Karnataka Bank, ladies and gentlemen. It gives me immense pleasure to inaugurate the academic block of NITTE Institute of Banking and Finance. It is an opportune time as also the need of the hour to enhance professional skills of bankers since we are po
Shri G. Gopalakrishna, Executive Director, Reserve Bank of India
Honorable Chancellor Shri Vinay Hegde, Professor Dr. Ramananda Shetty, Dr. Shantaram Shetty, Dr. Thingalaya, Shri S.K. Jain, CMD, Syndicate Bank, Shri S.R. Bansal, CMD, Corporation Bank, Shri Anantha krishna, Chairman, Karnataka Bank, ladies and gentlemen. It gives me immense pleasure to inaugurate the academic block of NITTE Institute of Banking and Finance. It is an opportune time as also the need of the hour to enhance professional skills of bankers since we are po
ਅਕਤੂ 11, 2013
Welcome to India: State of the Indian economy, banking sector and factoring services
Mr. Gerhard Prenner, Chairman, International Factors Group (IFG); Mr. Pramod Bhasin, Founder & Vice Chairman, Genpact Limited; Mr. Sanjay Chamria, Co-founder & CEO, Magma Fincorp Limited; Mr. Ravi Gupta, Managing Director, Blend Financial Services Ltd.; delegates to the conference, ladies and gentlemen! It gives me great pleasure to welcome you all, especially the foreign delegates, to India and to this historic city of New Delhi for IFG’s Annual Conference. I
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. Gerhard Prenner, Chairman, International Factors Group (IFG); Mr. Pramod Bhasin, Founder & Vice Chairman, Genpact Limited; Mr. Sanjay Chamria, Co-founder & CEO, Magma Fincorp Limited; Mr. Ravi Gupta, Managing Director, Blend Financial Services Ltd.; delegates to the conference, ladies and gentlemen! It gives me great pleasure to welcome you all, especially the foreign delegates, to India and to this historic city of New Delhi for IFG’s Annual Conference. I
ਅਕਤੂ 07, 2013
What, Why and How of Retail (Mass) Banking: Issues and Challenges
Mrs. Usha Thorat, Director, Centre For Advanced Financial Research And Learning (CAFRAL); Mr. B D W A Silva, Deputy Governor , Central Bank of Sri Lanka; CEOs of various commercial banks from across the globe, other fellow Central Bankers ; ladies and gentleman! At the outset, I would like to extend a warm welcome to all the delegates to this roundtable, especially the foreign delegates who have travelled to India to be a part of this event. It is indeed a privilege f
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mrs. Usha Thorat, Director, Centre For Advanced Financial Research And Learning (CAFRAL); Mr. B D W A Silva, Deputy Governor , Central Bank of Sri Lanka; CEOs of various commercial banks from across the globe, other fellow Central Bankers ; ladies and gentleman! At the outset, I would like to extend a warm welcome to all the delegates to this roundtable, especially the foreign delegates who have travelled to India to be a part of this event. It is indeed a privilege f
ਸਤੰ 30, 2013
Transformation of Development Financial Institutions into Commercial Banks: The Case of IDBI and the Role of Employee Unions
Shri Basudeb Achariya, Hon’ble MP, Lok Sabha; Comrade Rajen Nagar, President, AIBEA; Shri B.P. Kanungo, Regional Director for West Bengal and Sikkim, Reserve Bank of India; Shri Samir Ghosh, General Secretary, All Indian Reserve Bank Employees Association; Principal office bearers of the United Forum of IDBI Officers and Employees; officers and employees of IDBI and other delegates to the seminar; ladies and gentlemen! I am pleased to note that the United Forum of IDB
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri Basudeb Achariya, Hon’ble MP, Lok Sabha; Comrade Rajen Nagar, President, AIBEA; Shri B.P. Kanungo, Regional Director for West Bengal and Sikkim, Reserve Bank of India; Shri Samir Ghosh, General Secretary, All Indian Reserve Bank Employees Association; Principal office bearers of the United Forum of IDBI Officers and Employees; officers and employees of IDBI and other delegates to the seminar; ladies and gentlemen! I am pleased to note that the United Forum of IDB
ਸਤੰ 28, 2013
National Institute of Bank Management Conclave on Implications of New Bank Licences
I have great pleasure and privilege in associating myself with the conclave of the Post Graduate Students of National Institute of Bank Management (NIBM), Pune. I am indeed grateful to Director Allen C A Pereira for inviting me to deliver the inaugural address. NIBM is a premier educational institution of the country in the field of banking and finance and it is but natural for them to select a subject of topical interest for this conclave. 2. I understand that the ob
Shri B. Mahapatra, Executive Director, Reserve Bank of India
I have great pleasure and privilege in associating myself with the conclave of the Post Graduate Students of National Institute of Bank Management (NIBM), Pune. I am indeed grateful to Director Allen C A Pereira for inviting me to deliver the inaugural address. NIBM is a premier educational institution of the country in the field of banking and finance and it is but natural for them to select a subject of topical interest for this conclave. 2. I understand that the ob
ਅਗ 20, 2013
Infrastructure Financing By Banks In India: Myths and Realities
Mr. B. Sreeram, Managing Director, State Bank of Bikaner & Jaipur; Mr M. Bhagavantha Rao, MD, State Bank of Hyderabad; my fellow panelists, Mr. V. G. Kannan, MD, SBI Capital Markets Limited; Mr. Partha Bhattacharya, Ex- CMD, Coal India Limited; Mr. Seshagiri Rao, Joint Managing Director, JSW Steel Limited and CFO of JSW Group, Ms. Zarin Daruwala, President, ICICI Bank Ltd.; delegates to the Conclave; ladies and gentlemen. It is, indeed, a great pleasure to be here
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. B. Sreeram, Managing Director, State Bank of Bikaner & Jaipur; Mr M. Bhagavantha Rao, MD, State Bank of Hyderabad; my fellow panelists, Mr. V. G. Kannan, MD, SBI Capital Markets Limited; Mr. Partha Bhattacharya, Ex- CMD, Coal India Limited; Mr. Seshagiri Rao, Joint Managing Director, JSW Steel Limited and CFO of JSW Group, Ms. Zarin Daruwala, President, ICICI Bank Ltd.; delegates to the Conclave; ladies and gentlemen. It is, indeed, a great pleasure to be here
ਅਗ 15, 2013
Productivity Trends in Indian Banking in the Post Reform Period – Experience, Issues and Future Challenges
Shri K.R. Kamath, Chairman, IBA and CMD, Punjab National Bank; Shri H.S.U. Kamath, CMD, Vijaya Bank; Smt. V.R. Iyer, CMD, Bank of India; Shri R.K. Dubey, CMD, Canara Bank; Shri M. Narendra, CMD, Indian Overseas Bank; Shri D. Sarkar, CMD Union Bank of India; other senior colleagues from the banking industry; delegates to the conference; members of the print and electronic media; ladies and gentlemen. It is, indeed, a great pleasure and privilege for me to address this
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri K.R. Kamath, Chairman, IBA and CMD, Punjab National Bank; Shri H.S.U. Kamath, CMD, Vijaya Bank; Smt. V.R. Iyer, CMD, Bank of India; Shri R.K. Dubey, CMD, Canara Bank; Shri M. Narendra, CMD, Indian Overseas Bank; Shri D. Sarkar, CMD Union Bank of India; other senior colleagues from the banking industry; delegates to the conference; members of the print and electronic media; ladies and gentlemen. It is, indeed, a great pleasure and privilege for me to address this
ਅਗ 13, 2013
Banking Structure in India Looking Ahead by Looking Back
1. For the fifth year on a trot, you have given me the privilege of inaugurating this prestigious and influential FICCI-IBA Annual Banking Conference. In my fifth year as Governor of RBI, I have the Governor’s annual schedule firmly ingrained in my mind. I have come to expect, even look forward to, this event in September every year. I am aware that the organizers have advanced the schedule by a month to extend to me the honour of inaugurating this conference before I
Dr. D. Subbarao, Governor, Reserve Bank of India
1. For the fifth year on a trot, you have given me the privilege of inaugurating this prestigious and influential FICCI-IBA Annual Banking Conference. In my fifth year as Governor of RBI, I have the Governor’s annual schedule firmly ingrained in my mind. I have come to expect, even look forward to, this event in September every year. I am aware that the organizers have advanced the schedule by a month to extend to me the honour of inaugurating this conference before I
ਅਗ 02, 2013
Responsible Innovation and Regulation in the Financial Sector
Once again, it is my pleasure and privilege to be here at IDRBT for the annual awards for IT excellence in banking. Every time I come here, I am impressed by the passion and energy with which IDRBT pursues its mission of improving banking technology. Over the last five years, under the leadership of Director Sambamurthy, the Institute has made impressive progress in several areas. Apart from training junior and middle level officers, the Institute also engages Directo
Dr. D. Subbarao, Governor, Reserve Bank of India
Once again, it is my pleasure and privilege to be here at IDRBT for the annual awards for IT excellence in banking. Every time I come here, I am impressed by the passion and energy with which IDRBT pursues its mission of improving banking technology. Over the last five years, under the leadership of Director Sambamurthy, the Institute has made impressive progress in several areas. Apart from training junior and middle level officers, the Institute also engages Directo
ਜੁਲਾ 29, 2013
Frauds in the Banking Sector: Causes, Concerns and Cures
Dr. Rana Kapoor, President, ASSOCHAM and MD & CEO, Yes Bank; Shri M. J. Joseph, Additional Secretary and Chief Vigilance Officer, Ministry of Corporate Affairs, Ms. Preeti Malhotra, Chairperson, ASSOCHAM National Council for Corporate Affairs; senior members from the financial services industry; delegates to the conference; members of the print and electronic media; ladies and gentlemen. It is a pleasure to be here this morning to deliver the inaugural address at
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr. Rana Kapoor, President, ASSOCHAM and MD & CEO, Yes Bank; Shri M. J. Joseph, Additional Secretary and Chief Vigilance Officer, Ministry of Corporate Affairs, Ms. Preeti Malhotra, Chairperson, ASSOCHAM National Council for Corporate Affairs; senior members from the financial services industry; delegates to the conference; members of the print and electronic media; ladies and gentlemen. It is a pleasure to be here this morning to deliver the inaugural address at
ਜੁਲਾ 18, 2013
Financing Strategies for Urban Infrastructure: Trends and Challenges
Presentation I. Introduction 1. It is my great pleasure to be here for the opening session of this conference where so many stakeholders – the Government (central, state and local), the financiers, the rating agencies and the academia – have come together to deliberate on an important subject that is fast gaining significance. I am thankful to the Centre for Advanced Financial Research and Learning (CAFRAL) and, in particular Smt. Usha Thorat, Director, CAFRAL for tak
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Presentation I. Introduction 1. It is my great pleasure to be here for the opening session of this conference where so many stakeholders – the Government (central, state and local), the financiers, the rating agencies and the academia – have come together to deliberate on an important subject that is fast gaining significance. I am thankful to the Centre for Advanced Financial Research and Learning (CAFRAL) and, in particular Smt. Usha Thorat, Director, CAFRAL for tak
ਜੁਲਾ 16, 2013
Compliance Function in Banks: Back to the basics
Mr. S.N. Ananthasubramanian, President, Institute of Company Secretaries of India (ICSI);Mr. Allen Pereira, Director, National Institute of Bank Management (NIBM); Dr. R. Bhaskaran, Chief Executive Officer, Indian Institute of Banking & Finance (IIBF); Mr. S.S. Mundra, CMD, Bank of Baroda; Mr. M.V. Tanksale, CMD, Central Bank of India; other dignitaries, ladies and gentlemen. I am pleased to be amidst you today on the occasion of launch of two new certificate cour
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. S.N. Ananthasubramanian, President, Institute of Company Secretaries of India (ICSI);Mr. Allen Pereira, Director, National Institute of Bank Management (NIBM); Dr. R. Bhaskaran, Chief Executive Officer, Indian Institute of Banking & Finance (IIBF); Mr. S.S. Mundra, CMD, Bank of Baroda; Mr. M.V. Tanksale, CMD, Central Bank of India; other dignitaries, ladies and gentlemen. I am pleased to be amidst you today on the occasion of launch of two new certificate cour
ਜੁਲਾ 15, 2013
Conference of Principal Code Compliance Officers (PCCOs) / Chairmen of Regional Rural Banks organised by BCSBI at Mumbai, on July 15, 2013
It is a privilege to be here this morning and I would like to thank Shri A.C. Mahajan, Chairman, BCSBI, and Shri N. Raja, CEO, BCSBI, for giving me the opportunity to be here. I extend warm congratulations to the BCSBI on the initiative of hosting this Conference of Principal Code Compliance Officers (PCCOs) of Regional Rural Banks (RRBs). I understand it is an annual event. 2. The purpose is to interface with the Chairmen of RRBs. This becomes especially important as
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
It is a privilege to be here this morning and I would like to thank Shri A.C. Mahajan, Chairman, BCSBI, and Shri N. Raja, CEO, BCSBI, for giving me the opportunity to be here. I extend warm congratulations to the BCSBI on the initiative of hosting this Conference of Principal Code Compliance Officers (PCCOs) of Regional Rural Banks (RRBs). I understand it is an annual event. 2. The purpose is to interface with the Chairmen of RRBs. This becomes especially important as
ਜੁਲਾ 05, 2013
Credit Information Companies: Seeking New Frontiers
Dr. Richard Fiddis, Managing Director – Strategic Markets, Experian; Mr. Vikram Narayan and Mr. Mohan Jayaraman, Managing Directors, Experian Credit Information Company of India Pvt. Ltd.; senior members from the financial services industry; delegates to the conference; members of the print and electronic media; ladies and gentlemen. It is a pleasure to be here this morning to deliver the inaugural address at the Experian India Conclave 2013. As you know, this Conclav
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr. Richard Fiddis, Managing Director – Strategic Markets, Experian; Mr. Vikram Narayan and Mr. Mohan Jayaraman, Managing Directors, Experian Credit Information Company of India Pvt. Ltd.; senior members from the financial services industry; delegates to the conference; members of the print and electronic media; ladies and gentlemen. It is a pleasure to be here this morning to deliver the inaugural address at the Experian India Conclave 2013. As you know, this Conclav
ਜੂਨ 11, 2013
Challenges and Concerns of the Central Bank: Opportunities and Role for the Commercial Banks
Presentation It is a pleasure to be in the midst of so many bankers & colleagues in this serene temple city of Thiruvananthapuram in God’s own country of Kerala. Bankers’ Club, as we all know, provides an informal platform for exchange of views and information on the banking system and about the economic environment in which banks operate. This has assumed added importance in these challenging times for the economy and the financial system. Today, I intend to cove
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Presentation It is a pleasure to be in the midst of so many bankers & colleagues in this serene temple city of Thiruvananthapuram in God’s own country of Kerala. Bankers’ Club, as we all know, provides an informal platform for exchange of views and information on the banking system and about the economic environment in which banks operate. This has assumed added importance in these challenging times for the economy and the financial system. Today, I intend to cove
ਜੂਨ 05, 2013
The Global Financial Crisis and the Indian Financial Sector What Have We Learnt and How Have We Responded?
Thank you very much for inviting me to speak at this conference of the Indian Merchants’ Chamber on international finance and banking. I attach a lot of value to speaking from this platform and to sharing some thoughts on financial and banking sector reforms. 2. In a few months from now, we will be marking the fifth anniversary of the collapse of Lehman Brothers which will go down in popular perception as the trigger for the biggest financial crisis of our time. Five
Dr. D. Subbarao, Governor, Reserve Bank of India
Thank you very much for inviting me to speak at this conference of the Indian Merchants’ Chamber on international finance and banking. I attach a lot of value to speaking from this platform and to sharing some thoughts on financial and banking sector reforms. 2. In a few months from now, we will be marking the fifth anniversary of the collapse of Lehman Brothers which will go down in popular perception as the trigger for the biggest financial crisis of our time. Five
ਮਈ 24, 2013
Evolving Regulations and Emerging Market Challenges- The Indian context
It is a pleasure to once again address the practitioners of foreign exchange at this Seminar organized by the Foreign Exchange Dealers Association of India in the beautiful city state of Singapore. Let us hope that the events that follow in the Indian forex market would be largely different from the events that followed after my last address in this city. The issues that you have flagged for discussion are very topical and therefore I shall comment on each of them. A.
Shri G Padmanabhan, Executive Director, Reserve Bank of India
It is a pleasure to once again address the practitioners of foreign exchange at this Seminar organized by the Foreign Exchange Dealers Association of India in the beautiful city state of Singapore. Let us hope that the events that follow in the Indian forex market would be largely different from the events that followed after my last address in this city. The issues that you have flagged for discussion are very topical and therefore I shall comment on each of them. A.
ਮਈ 18, 2013
Perspectives on Banking in India
I thank Shri Rajiv Mundhra, President Indian Chamber of Commerce (ICC) and Shri Rajeev Singh, Director General ICC for the opportunity to be a part of this distinguished panel. The ICC is making an important contribution to the development of banking by bringing together the experience and expertise from the banking industry, corporate sector and financial regulators through its banking summits year after year. In this year’s Summit too, I see a judicious mix of exper
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Shri Rajiv Mundhra, President Indian Chamber of Commerce (ICC) and Shri Rajeev Singh, Director General ICC for the opportunity to be a part of this distinguished panel. The ICC is making an important contribution to the development of banking by bringing together the experience and expertise from the banking industry, corporate sector and financial regulators through its banking summits year after year. In this year’s Summit too, I see a judicious mix of exper
ਮਈ 14, 2013
Strengthening the Banking Supervision through Risk Based Approach: Laying the Stepping Stones
The learned Non-executive directors on the Boards of various commercial banks; Shri A.K. Garg, CGM, CAFRAL; colleagues from the Reserve Bank of India; ladies and gentlemen. It is a pleasure and privilege for me to be amongst you this morning at the inaugural session of this conference organized by CAFRAL, with the objective of enabling non-executive directors of commercial banks to effectively perform their responsibilities as members of Bank Boards. As non-executive
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
The learned Non-executive directors on the Boards of various commercial banks; Shri A.K. Garg, CGM, CAFRAL; colleagues from the Reserve Bank of India; ladies and gentlemen. It is a pleasure and privilege for me to be amongst you this morning at the inaugural session of this conference organized by CAFRAL, with the objective of enabling non-executive directors of commercial banks to effectively perform their responsibilities as members of Bank Boards. As non-executive
ਮਈ 06, 2013
Indian Rural Banking Sector: Big Challenges and the Road Ahead
Respected Dr. Thingalaya, Former CMD Syndicate Bank, Dr. G. L. Easwara Prasad, Principal, Mangalore Institute of Technology and Engineering, senior bankers and dear students. I am extremely delighted to be amongst you in this prestigious institute which has several achievements in engineering studies to its credit in a very short span of time. I am honoured, privileged and happy to inaugurate this topical seminar aptly titled Indian Banking Sector Big Challenges and t
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
Respected Dr. Thingalaya, Former CMD Syndicate Bank, Dr. G. L. Easwara Prasad, Principal, Mangalore Institute of Technology and Engineering, senior bankers and dear students. I am extremely delighted to be amongst you in this prestigious institute which has several achievements in engineering studies to its credit in a very short span of time. I am honoured, privileged and happy to inaugurate this topical seminar aptly titled Indian Banking Sector Big Challenges and t
ਅਪ੍ਰੈ 30, 2013
Regulation for Financial Consumer Protection: Present Status and Future Directions
Presentation Shri A.C. Mahajan, Chairman, BCSBI; Shri C.K Krishnan and Shri M. M. Chitale, Members of BCSBI Governing Council; Shri N. Raja, CEO, BCSBI; Smt. Meena Hemachandra, Principal, College of Agricultural Banking; Principal Code Compliance Officers (PCCOs) from various scheduled commercial banks and urban cooperative banks; officials from BCSBI; colleagues from the Reserve Bank of India; ladies and gentlemen. It is a pleasure for me to be here today at the PCCO
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Presentation Shri A.C. Mahajan, Chairman, BCSBI; Shri C.K Krishnan and Shri M. M. Chitale, Members of BCSBI Governing Council; Shri N. Raja, CEO, BCSBI; Smt. Meena Hemachandra, Principal, College of Agricultural Banking; Principal Code Compliance Officers (PCCOs) from various scheduled commercial banks and urban cooperative banks; officials from BCSBI; colleagues from the Reserve Bank of India; ladies and gentlemen. It is a pleasure for me to be here today at the PCCO
ਅਪ੍ਰੈ 15, 2013
Perspectives on Housing Finance in India
I thank Mr. R.V. Verma, Chairman and Managing Director, National Housing Bank (NHB) for the opportunity to be a part of this distinguished panel on “Housing Finance Post Sub-prime”. Housing is a basic necessity. Yet a large number of households do not have access to decent housing, particularly in a developing country like ours. In view of the importance of housing, a key element of public policy in many countries has been to encourage house ownership largely through
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Mr. R.V. Verma, Chairman and Managing Director, National Housing Bank (NHB) for the opportunity to be a part of this distinguished panel on “Housing Finance Post Sub-prime”. Housing is a basic necessity. Yet a large number of households do not have access to decent housing, particularly in a developing country like ours. In view of the importance of housing, a key element of public policy in many countries has been to encourage house ownership largely through
ਮਾਰਚ 29, 2013
Financial Consumer Protection
Madam Anne Le Lorier, First Deputy Governor, Banque de France, Senior executives from the Banque de France, Shri G. Padmanabhan and Smt. Deepali Pant Joshi, Executive Directors and my other colleagues from the Reserve Bank of India, Principal and the staff at College of Agricultural Banking, Pune, participants to the seminar, ladies and gentlemen! At the outset, I extend a warm and hearty welcome to all of you, and especially to our guests from France, I say “bienvenu
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Madam Anne Le Lorier, First Deputy Governor, Banque de France, Senior executives from the Banque de France, Shri G. Padmanabhan and Smt. Deepali Pant Joshi, Executive Directors and my other colleagues from the Reserve Bank of India, Principal and the staff at College of Agricultural Banking, Pune, participants to the seminar, ladies and gentlemen! At the outset, I extend a warm and hearty welcome to all of you, and especially to our guests from France, I say “bienvenu
ਮਾਰਚ 20, 2013
Governance in Banks and Financial Institutions
Shri Deosthalee and senior management of L & T. A very good evening. I deem it a privilege to address you this evening on ‘Governance in banks and financial institutions’. 2. Governance issues have been engaging the attention of policy makers, more intensely in the aftermath of the global financial crisis. Many instances of governance failures have come to the fore as the contributory factors that had exacerbated the crisis. With lessons learnt from the crisis, th
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Shri Deosthalee and senior management of L & T. A very good evening. I deem it a privilege to address you this evening on ‘Governance in banks and financial institutions’. 2. Governance issues have been engaging the attention of policy makers, more intensely in the aftermath of the global financial crisis. Many instances of governance failures have come to the fore as the contributory factors that had exacerbated the crisis. With lessons learnt from the crisis, th
ਮਾਰਚ 06, 2013
Approach to regulation and supervision in the post crisis world
Ms. Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL), Mr. Aristobulo de Juan, a veteran supervisor and an international consultant, Mr. Pierre Yves Thoraval, former Deputy Secretary General of the French Banking Commission, Mr. Chris Cardoza, Program Director at the Toronto Centre, Ms. Shyamala Gopinath, former Deputy Governor, Reserve Bank of India and all the esteemed delegates of the conference. It is my privilege to address you a
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Ms. Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL), Mr. Aristobulo de Juan, a veteran supervisor and an international consultant, Mr. Pierre Yves Thoraval, former Deputy Secretary General of the French Banking Commission, Mr. Chris Cardoza, Program Director at the Toronto Centre, Ms. Shyamala Gopinath, former Deputy Governor, Reserve Bank of India and all the esteemed delegates of the conference. It is my privilege to address you a
ਫ਼ਰ 18, 2013
Indian Banking Sector: Pushing the Boundaries
Dr. Pritam Singh, Director General, International Management Institute (IMI), participants from Reserve Bank of India and the commercial banks! It is a pleasure to be amongst you today as you complete the first leg of the learning experience which is the Advanced Management Programme. I believe that the programme is craftily designed with an appropriate blend of lectures and interactive sessions with some leading academicians, industry captains and management experts,
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr. Pritam Singh, Director General, International Management Institute (IMI), participants from Reserve Bank of India and the commercial banks! It is a pleasure to be amongst you today as you complete the first leg of the learning experience which is the Advanced Management Programme. I believe that the programme is craftily designed with an appropriate blend of lectures and interactive sessions with some leading academicians, industry captains and management experts,
ਜਨ 22, 2013
Reserve Bank of India – Federal Reserve System Market Risk Analysis Seminar
1) I extend a warm welcome to the faculty from the Federal Reserve and all the participants of this programme. I am happy to inaugurate the Market Risk Analysis Programme. The periodic programmes involving the Fed Reserve experts have been welcomed wholeheartedly by the participants and we are glad to have another edition of the training programme, with focus on market risk. I hope the participants would be immensely benefited by this programme, just like the particip
Shri G. Gopalakrishna, Executive Director, Reserve Bank of India
1) I extend a warm welcome to the faculty from the Federal Reserve and all the participants of this programme. I am happy to inaugurate the Market Risk Analysis Programme. The periodic programmes involving the Fed Reserve experts have been welcomed wholeheartedly by the participants and we are glad to have another edition of the training programme, with focus on market risk. I hope the participants would be immensely benefited by this programme, just like the particip
ਜਨ 19, 2013
Vote of Thanks by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the First Prof. Tendulkar Memorial Oration at CAB, Pune on January 19, 2013
Respected Governor, Honourable Prof. Abhijit Banerjee, distinguished guests, my colleagues from Reserve Bank, ladies and gentlemen 2. On behalf of the Reserve Bank of India and also College of Agricultural Banking, Pune, I sincerely thank Prof. Abhijit Banerjee for having accepted our invitation to deliver the first Suresh Tendulkar Memorial Oration here today. 3. The Memorial Orations series in Reserve Bank have been a platform for all of us to share knowledge from a
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Respected Governor, Honourable Prof. Abhijit Banerjee, distinguished guests, my colleagues from Reserve Bank, ladies and gentlemen 2. On behalf of the Reserve Bank of India and also College of Agricultural Banking, Pune, I sincerely thank Prof. Abhijit Banerjee for having accepted our invitation to deliver the first Suresh Tendulkar Memorial Oration here today. 3. The Memorial Orations series in Reserve Bank have been a platform for all of us to share knowledge from a
ਦਸੰ 31, 2012
Contemporary issues in Banking: Reflections on Viewpoints of a Bank Economist
Dr. M. Narendra, Chairman and Managing Director, Indian Overseas Bank (IOB); Shri A.K. Bansal and Shri A.D.M. Chavali, Executive Directors of IOB; Shri N. Viswanathan, Regional Director, RBI; Smt. Indira Padmini and other General Managers of IOB; Shri M. Ramaswamy, Retired Secretary of Auroville; Shri S. Muthiah, Historian; Shri M.Ct.P. Chidambaram, grandson of the founder of Indian Overseas Bank; Shri B.J. Krishnan, Environmentalist; Shri Bhakther Solomon, Chief Exec
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr. M. Narendra, Chairman and Managing Director, Indian Overseas Bank (IOB); Shri A.K. Bansal and Shri A.D.M. Chavali, Executive Directors of IOB; Shri N. Viswanathan, Regional Director, RBI; Smt. Indira Padmini and other General Managers of IOB; Shri M. Ramaswamy, Retired Secretary of Auroville; Shri S. Muthiah, Historian; Shri M.Ct.P. Chidambaram, grandson of the founder of Indian Overseas Bank; Shri B.J. Krishnan, Environmentalist; Shri Bhakther Solomon, Chief Exec
ਦਸੰ 17, 2012
Technology enabled transformation in the Financial Sector
Mr Sambamurthy, Members of Faculty, CIOs and GMs of banks, ladies and gentlemen. I thank the IDRBT for inviting me to address this erudite audience. The issues that I have chosen to flag; I hope, would generate adequate interest and be the basis for further deliberations leading to some concrete suggestions. We, in the Reserve Bank would eagerly look forward to such outcomes, as these can be useful to set the road map for technology adoption in the Indian financial se
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Mr Sambamurthy, Members of Faculty, CIOs and GMs of banks, ladies and gentlemen. I thank the IDRBT for inviting me to address this erudite audience. The issues that I have chosen to flag; I hope, would generate adequate interest and be the basis for further deliberations leading to some concrete suggestions. We, in the Reserve Bank would eagerly look forward to such outcomes, as these can be useful to set the road map for technology adoption in the Indian financial se
ਨਵੰ 23, 2012
Supporting Explosive Growth: Effective Linkages between the Banking Sector and Real Sector
Introduction Shri Rajkumar Dhoot, Hon’ble Member of Parliament and President, ASSOCHAM, Shri M. Narendra, Chairperson, ASSOCHAM National Council for Banking & Finance and CMD, Indian Overseas Bank, Shri Sunil Kanoria, Vice President, ASSOCHAM and Vice Chairman, SREI Infrastructure Finance Ltd.; Mrs. Shubhada Rao, Senior President and Chief Economist, Yes Bank Ltd.; Mr. Subhash C Aggarwal, CMD, SMC Group; Ms. Sudha Ravi, Co-Chairperson, ASSOCHAM National Council fo
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Introduction Shri Rajkumar Dhoot, Hon’ble Member of Parliament and President, ASSOCHAM, Shri M. Narendra, Chairperson, ASSOCHAM National Council for Banking & Finance and CMD, Indian Overseas Bank, Shri Sunil Kanoria, Vice President, ASSOCHAM and Vice Chairman, SREI Infrastructure Finance Ltd.; Mrs. Shubhada Rao, Senior President and Chief Economist, Yes Bank Ltd.; Mr. Subhash C Aggarwal, CMD, SMC Group; Ms. Sudha Ravi, Co-Chairperson, ASSOCHAM National Council fo
ਅਕਤੂ 25, 2012
Financial Regulatory Reforms
A very good afternoon to you all. It is my privilege to chair the panel on ‘Financial Regulatory Reforms: Not far enough or Overkill?’ Let me welcome the four very eminent panelists, Mr. Jae-ha Park, Deputy Dean ADBI; Mr. Stephen Pickford, Associate Fellow, Chatham House; Mr. Paul Bernd Spahn, Professor Emeritus of Goethe University, Frankfurt am Main, Germany and Ms. Susan Thomas, Assistant Professor, Indira Gandhi Institute of Development Research. 2. The topic of t
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
A very good afternoon to you all. It is my privilege to chair the panel on ‘Financial Regulatory Reforms: Not far enough or Overkill?’ Let me welcome the four very eminent panelists, Mr. Jae-ha Park, Deputy Dean ADBI; Mr. Stephen Pickford, Associate Fellow, Chatham House; Mr. Paul Bernd Spahn, Professor Emeritus of Goethe University, Frankfurt am Main, Germany and Ms. Susan Thomas, Assistant Professor, Indira Gandhi Institute of Development Research. 2. The topic of t
ਅਕਤੂ 23, 2012
Technology in the Financial Sector- Some Issues and a Few Concerns
Mr Joseph, Mr Jayakumar, Mr Hareesh Babu, Mr John, distinguished ladies and gentlemen, it is a pleasure to be addressing the bankers in this beautiful city of Thrissur, often called the cultural capital of Kerala. From the bankers' perspective it can well be called the banking capital of Kerala, as three banks are head-quartered in Thrissur and a fourth in the adjoining town of Aluva. I am told that the Bankers Club, Thrissur is one of the oldest and the largest in Ke
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Mr Joseph, Mr Jayakumar, Mr Hareesh Babu, Mr John, distinguished ladies and gentlemen, it is a pleasure to be addressing the bankers in this beautiful city of Thrissur, often called the cultural capital of Kerala. From the bankers' perspective it can well be called the banking capital of Kerala, as three banks are head-quartered in Thrissur and a fourth in the adjoining town of Aluva. I am told that the Bankers Club, Thrissur is one of the oldest and the largest in Ke
ਅਕਤੂ 22, 2012
Gauging the Potential of Emerging Markets – Can growth be achieved with Durable Financial Stability
Ms. Henny Sender, Chief Correspondent, International Finance, Financial Times and moderator for the panel discussion, my co-panelists, Mr. Bunt Ghosh, Head of Emerging Market Strategy for Asset Management, Credit Suisse; Mr. Sunil Godhwani, CMD, Religare Enterprises; Mr. Sizwe Nxasana, CEO, First Rand Group; Dr. Rana Kapoor, Founder, Managing Director and CEO, Yes Bank; other delegates and members of print and electronic media. A very good afternoon to you all. 2. Whi
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Ms. Henny Sender, Chief Correspondent, International Finance, Financial Times and moderator for the panel discussion, my co-panelists, Mr. Bunt Ghosh, Head of Emerging Market Strategy for Asset Management, Credit Suisse; Mr. Sunil Godhwani, CMD, Religare Enterprises; Mr. Sizwe Nxasana, CEO, First Rand Group; Dr. Rana Kapoor, Founder, Managing Director and CEO, Yes Bank; other delegates and members of print and electronic media. A very good afternoon to you all. 2. Whi
ਅਕਤੂ 09, 2012
Techno - Banking – Prospects and Challenges
Distinguished ladies and gentlemen, I am honoured to be invited to deliver the key note address at the 6th edition of the ET Banking Technology Conclave. I am also thankful to the organizers for their kind gesture in asking me to deliver the inaugural rather than the valedictory address, as originally intended. I was rather apprehensive of delivering a valedictory address in a Seminar like this, since-drawing a cricket analogy- it would be like going in as the last ma
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Distinguished ladies and gentlemen, I am honoured to be invited to deliver the key note address at the 6th edition of the ET Banking Technology Conclave. I am also thankful to the organizers for their kind gesture in asking me to deliver the inaugural rather than the valedictory address, as originally intended. I was rather apprehensive of delivering a valedictory address in a Seminar like this, since-drawing a cricket analogy- it would be like going in as the last ma
ਸਤੰ 21, 2012
Underlying Concepts and Principles of Dynamic Provisioning
Thank you very much for inviting me to this conference to share with you my understanding of the underlying concepts and principles of dynamic provisioning. A discussion paper on the subject was brought out by the Reserve Bank of India (RBI) in March 2012. We are still in the process of examining the comments received from banks and other stakeholders and it may take us a while to finalise anything in this regard. Why make provisions? 2. Let me start the discussion wi
Shri B. Mahapatra, Executive Director, Reserve Bank of India
Thank you very much for inviting me to this conference to share with you my understanding of the underlying concepts and principles of dynamic provisioning. A discussion paper on the subject was brought out by the Reserve Bank of India (RBI) in March 2012. We are still in the process of examining the comments received from banks and other stakeholders and it may take us a while to finalise anything in this regard. Why make provisions? 2. Let me start the discussion wi
ਸਤੰ 17, 2012
Indian Economy: Imperatives for Second Generation Reforms
Dr. Suresh Kotak, Chairman, Kotak and Co. Ltd.; Dr. J. Phadnis, Principal of the VES College of Arts, Science and Commerce; Shri B.L. Boolani, Trustee In-charge; Dr. Suniti Nagpurkar, Head of the Economics Department and Convener of the Seminar, Mrs. Dipta Dasgupta, my old friend from the Banaras Hindu University; faculty members and students participating in the Seminar, Ladies and Gentlemen. It is, indeed, a matter of great pleasure and privilege for me that I have
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr. Suresh Kotak, Chairman, Kotak and Co. Ltd.; Dr. J. Phadnis, Principal of the VES College of Arts, Science and Commerce; Shri B.L. Boolani, Trustee In-charge; Dr. Suniti Nagpurkar, Head of the Economics Department and Convener of the Seminar, Mrs. Dipta Dasgupta, my old friend from the Banaras Hindu University; faculty members and students participating in the Seminar, Ladies and Gentlemen. It is, indeed, a matter of great pleasure and privilege for me that I have
ਸਤੰ 11, 2012
Financial Stability: 2007 to 2012 - Five years on
Mr. D. Sarkar, CMD, Union Bank of India, Mr. Pratip Chaudhuri, Chairman, State Bank of India, senior members of the banking fraternity, delegates to the Conference, members of the print and electronic media and other distinguished guests. It is my privilege to be here in FIBAC 2012 whose theme is “Sustainable excellence through customer engagement, employee engagement and right use of technology”. FIBAC is an important forum for serious deliberations on banking sector
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Mr. D. Sarkar, CMD, Union Bank of India, Mr. Pratip Chaudhuri, Chairman, State Bank of India, senior members of the banking fraternity, delegates to the Conference, members of the print and electronic media and other distinguished guests. It is my privilege to be here in FIBAC 2012 whose theme is “Sustainable excellence through customer engagement, employee engagement and right use of technology”. FIBAC is an important forum for serious deliberations on banking sector
ਸਤੰ 05, 2012
Revised Guidelines on Priority Sector Lending: Rationale and Logic
Shri Alok K. Misra, Chairman, IBA and CMD, Bank of India; Shri Pratip Chaudhuri, Chairman, State Bank of India; CMDs/ CEOs of other banks; other senior members of the banking fraternity, delegates to the conference, members of the print and electronic media, other distinguished guests, ladies and gentlemen. It is, indeed, a matter of great pleasure for me to deliver this special address at the annual FICCI – IBA Global Banking Conference - FIBAC 2012. FIBAC has become
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri Alok K. Misra, Chairman, IBA and CMD, Bank of India; Shri Pratip Chaudhuri, Chairman, State Bank of India; CMDs/ CEOs of other banks; other senior members of the banking fraternity, delegates to the conference, members of the print and electronic media, other distinguished guests, ladies and gentlemen. It is, indeed, a matter of great pleasure for me to deliver this special address at the annual FICCI – IBA Global Banking Conference - FIBAC 2012. FIBAC has become
ਸਤੰ 04, 2012
Basel III in International and Indian Contexts Ten Questions We Should Know the Answers For
For the fourth year on a trot, you have extended me the privilege of inaugurating this annual FICCI-IBA conference. Involving as it does leaders from the corporate and banking sectors, this conference has emerged as an important forum for discussing major policy issues. Naturally, I attach a lot of value to speaking from this platform. Thank you for this opportunity. 2. Later this month, we will be marking the fourth anniversary of the collapse of Lehman Brothers whic
Dr. D. Subbarao, Governor, Reserve Bank of India
For the fourth year on a trot, you have extended me the privilege of inaugurating this annual FICCI-IBA conference. Involving as it does leaders from the corporate and banking sectors, this conference has emerged as an important forum for discussing major policy issues. Naturally, I attach a lot of value to speaking from this platform. Thank you for this opportunity. 2. Later this month, we will be marking the fourth anniversary of the collapse of Lehman Brothers whic
ਸਤੰ 03, 2012
CRR is a cost, manage it: Chakrabarty tells SBI
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
ਅਗ 28, 2012
Perspectives on Risk and Governance
Mr. P R Ramesh, Chairman, Deloitte, Dr. Vikram Kuriyan, Director of the Investment Centre, Indian School of Business, Ms. Usha Thorat and Mr. V S Das, my erstwhile colleagues from Reserve Bank and other delegates. It is a pleasure for me to interact with you all, today at this Summit. 2. The theme of the Summit revolves around risk and governance, the two terms which are being looked at by policy makers with renewed interest and a fresh perspective in the aftermath of
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Mr. P R Ramesh, Chairman, Deloitte, Dr. Vikram Kuriyan, Director of the Investment Centre, Indian School of Business, Ms. Usha Thorat and Mr. V S Das, my erstwhile colleagues from Reserve Bank and other delegates. It is a pleasure for me to interact with you all, today at this Summit. 2. The theme of the Summit revolves around risk and governance, the two terms which are being looked at by policy makers with renewed interest and a fresh perspective in the aftermath of
ਅਗ 13, 2012
Corporate Debt Restructuring- Issues and Way Forward
Ms. Soundara Kumar, Deputy Managing Director, State Bank of India, Mr. Siby Anthony, Managing Director & CEO, Edelweiss Asset Reconstruction Co. Ltd., Mr. R. Sundaram, President (Finance) & Company Secretary, Indo Count Industries Limited, Mr. T.R Madhavan, Executive Chairman, Centrum Group, and, seated in front of the dais, Mr. Chandir Gidwani , Promoter, Centrum Group, other distinguished guests, members of the print and electronic media, ladies and gentleme
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Ms. Soundara Kumar, Deputy Managing Director, State Bank of India, Mr. Siby Anthony, Managing Director & CEO, Edelweiss Asset Reconstruction Co. Ltd., Mr. R. Sundaram, President (Finance) & Company Secretary, Indo Count Industries Limited, Mr. T.R Madhavan, Executive Chairman, Centrum Group, and, seated in front of the dais, Mr. Chandir Gidwani , Promoter, Centrum Group, other distinguished guests, members of the print and electronic media, ladies and gentleme
ਜੁਲਾ 19, 2012
Small is still Beautiful and Competitive – Reflections on the Growth of Micro, Small and Medium Enterprises (MSMEs) in India
Mr. Partha Chatterjee, Hon’ble Minister in Charge, Department of Commerce and Industries, Government of West Bengal, Dr. Manas Ranjan Bhunia, Hon’ble Minister in Charge, Department of Micro and Small Scale Enterprises and Textiles, Government of West Bengal, Dr. Rajeev Singh, Director General, Indian Chamber of Commerce, Kolkata, and other distinguished invitees. I am indeed happy to be a part of this national conference. 2. This conference is very timely for several
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Mr. Partha Chatterjee, Hon’ble Minister in Charge, Department of Commerce and Industries, Government of West Bengal, Dr. Manas Ranjan Bhunia, Hon’ble Minister in Charge, Department of Micro and Small Scale Enterprises and Textiles, Government of West Bengal, Dr. Rajeev Singh, Director General, Indian Chamber of Commerce, Kolkata, and other distinguished invitees. I am indeed happy to be a part of this national conference. 2. This conference is very timely for several
ਜੁਲਾ 16, 2012
Issues in IT Governance
Smt. Meena Hemchandra, Principal CAB, members of CAB faculty and participants; wish you all a very good morning. I thank the Principal for the privilege given to me to address this gathering of CTOs and CIOs of banks, who are responsible for managing information, the most valuable resource for banks today. It is indeed appreciable and thoughtful of the CAB to organize a programme with a theme which has great contemporary relevance. Emergence of Corporate Governance 2.
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Smt. Meena Hemchandra, Principal CAB, members of CAB faculty and participants; wish you all a very good morning. I thank the Principal for the privilege given to me to address this gathering of CTOs and CIOs of banks, who are responsible for managing information, the most valuable resource for banks today. It is indeed appreciable and thoughtful of the CAB to organize a programme with a theme which has great contemporary relevance. Emergence of Corporate Governance 2.
ਜੁਲਾ 13, 2012
Global Convergence of Banking Regulations and its impact on Indian Banking System
I am very happy to be here to address the Bankers Club at Raipur. Chhattisgarh is a fast developing state and the banking system here has to play its role in ushering in economic growth of the state. The outreach programme in which I participated yesterday at Makanpur was an eye opener for me regarding the active role played by the banks towards this direction. Global Financial Crisis – A curtain raiser 2. As we are passing through difficult but challenging times as f
Shri G Padmanabhan, Executive Director, Reserve Bank of India
I am very happy to be here to address the Bankers Club at Raipur. Chhattisgarh is a fast developing state and the banking system here has to play its role in ushering in economic growth of the state. The outreach programme in which I participated yesterday at Makanpur was an eye opener for me regarding the active role played by the banks towards this direction. Global Financial Crisis – A curtain raiser 2. As we are passing through difficult but challenging times as f
ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਮੋਬਾਈਲ ਐਪਲੀਕੇਸ਼ਨ ਇੰਸਟਾਲ ਕਰੋ ਅਤੇ ਨਵੀਨਤਮ ਖਬਰਾਂ ਤੱਕ ਤੇਜ਼ ਐਕਸੈਸ ਪ੍ਰਾਪਤ ਕਰੋ!
ਪੇਜ ਅੰਤਿਮ ਅੱਪਡੇਟ ਦੀ ਤਾਰੀਖ: ਜੁਲਾਈ 25, 2024
