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ਅਪ੍ਰੈ 22, 2006
Statement by Honorable Governor Dr. Y.V. Reddy, Leader of the Indian Delegation to the International Monetary and Financial Committee
Representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka Mr. Chairman, The Global Economy and Financial Markets 1. We broadly agree with the Fund’s assessment of the global economy in its latest World Economic Outlook (WEO). A positive feature of the current growth scenario is that it is becoming more diversified. Notwithstanding such positive developments, the continuing volatility of the international oil prices and the ever widening globa
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka Mr. Chairman, The Global Economy and Financial Markets 1. We broadly agree with the Fund’s assessment of the global economy in its latest World Economic Outlook (WEO). A positive feature of the current growth scenario is that it is becoming more diversified. Notwithstanding such positive developments, the continuing volatility of the international oil prices and the ever widening globa
ਮਾਰਚ 27, 2006
Coping With Liquidity Management in India: A Practitioner's View
'Liquidity Management in India' is a subject that is not widely discussed but is the bread and butter of daily monetary management. Whereas I was not a monetary specialist prior to coming to the Reserve Bank, I have been able to gather some insights through on-the-job training. It is also an issue of current relevance and appeal. Conduct of monetary policy and management in the context of large and volatile capital flows has proved to be difficult for many countries.
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
'Liquidity Management in India' is a subject that is not widely discussed but is the bread and butter of daily monetary management. Whereas I was not a monetary specialist prior to coming to the Reserve Bank, I have been able to gather some insights through on-the-job training. It is also an issue of current relevance and appeal. Conduct of monetary policy and management in the context of large and volatile capital flows has proved to be difficult for many countries.
ਮਾਰਚ 18, 2006
Governor’s Speech
Respected Prime Minister, distinguished guests and friends, On behalf of all the Reserve Bank employees - retired and serving; on behalf of the Central Board of the Bank and on my own behalf, I have the honour and privilege of extending a hearty welcome to our esteemed Prime Minister, Dr. Manmohan Singh; Governor of Maharashtra Shri S.M. Krishnaji; Chief Minister of Maharashtra State Shri Deshmukhji; Union Finance Minister Shri Chidambaramji and other distinguished gu
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Respected Prime Minister, distinguished guests and friends, On behalf of all the Reserve Bank employees - retired and serving; on behalf of the Central Board of the Bank and on my own behalf, I have the honour and privilege of extending a hearty welcome to our esteemed Prime Minister, Dr. Manmohan Singh; Governor of Maharashtra Shri S.M. Krishnaji; Chief Minister of Maharashtra State Shri Deshmukhji; Union Finance Minister Shri Chidambaramji and other distinguished gu
ਮਾਰਚ 18, 2006
Vote of Thanks by Dr. Rakesh Mohan, Deputy Governor
It is a great honour for all of us at the Reserve Bank of India to have the Honourable Prime Minister, Dr Manmohan Singh ji, our former Governor, to release the History of the Reserve Bank and to inaugurate the Centre for Advanced Financial Learning. Both the actions are very fitting since the History goes up to the time that the Prime Minister assumed office as Governor; and the inauguration of the Centre marks a forward looking approach to the development of the fin
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
It is a great honour for all of us at the Reserve Bank of India to have the Honourable Prime Minister, Dr Manmohan Singh ji, our former Governor, to release the History of the Reserve Bank and to inaugurate the Centre for Advanced Financial Learning. Both the actions are very fitting since the History goes up to the time that the Prime Minister assumed office as Governor; and the inauguration of the Centre marks a forward looking approach to the development of the fin
ਮਾਰਚ 18, 2006
Prime Minister's Speech
My Cabinet colleague Chidambaramji, Dr. Reddy, Ladies and Gentlemen, It is always a pleasure to be here. There is always something special about returning to a place that was one's own home. Even more so when one has only happy and warm memories. For me and my family, Mumbai has been a second home, and I have the fondest of memories of my tenure here at the Reserve Bank of India. I am delighted to release the third volume of the History of Reserve Bank of India coveri
Dr. Manmohan Singh, Hon’ble Prime Minister
My Cabinet colleague Chidambaramji, Dr. Reddy, Ladies and Gentlemen, It is always a pleasure to be here. There is always something special about returning to a place that was one's own home. Even more so when one has only happy and warm memories. For me and my family, Mumbai has been a second home, and I have the fondest of memories of my tenure here at the Reserve Bank of India. I am delighted to release the third volume of the History of Reserve Bank of India coveri
ਮਾਰਚ 18, 2006
Finance Minister`s Speech
It gives me great pleasure to be here today on the occasion of the release of three volumes of the History of the Reserve Bank of India by the Prime Minister. On this occasion, I am happy to release one of the key research publications of the Reserve Bank, viz., Report on Currency and Finance for the year 2004-05. Since 1999, the Report has focussed on a particular theme each year so that the overlap with the Bank's other flagship publications, such as, the Annual Rep
P. Chidambaram, Hon’ble Finance Minister
It gives me great pleasure to be here today on the occasion of the release of three volumes of the History of the Reserve Bank of India by the Prime Minister. On this occasion, I am happy to release one of the key research publications of the Reserve Bank, viz., Report on Currency and Finance for the year 2004-05. Since 1999, the Report has focussed on a particular theme each year so that the overlap with the Bank's other flagship publications, such as, the Annual Rep
ਮਾਰਚ 14, 2006
Recent Trends in the Indian Debt Market and Current Initiatives
The Indian debt market, and the government securities market in particular, is at a turning point in India with significant changes taking place in the domestic economic environment along with various proposed legislative changes. Let me briefly touch upon the reasons why I believe we are living in interesting times and why this is an opportune time to reflect on further debt market development. The first such significant change is the prohibition of RBI’s subscriptio
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
The Indian debt market, and the government securities market in particular, is at a turning point in India with significant changes taking place in the domestic economic environment along with various proposed legislative changes. Let me briefly touch upon the reasons why I believe we are living in interesting times and why this is an opportune time to reflect on further debt market development. The first such significant change is the prohibition of RBI’s subscriptio
ਮਾਰਚ 10, 2006
Financial Sector Reform and Financial Stability
Mr. President and distinguished friends, It is a privilege and an honour to be invited for this 8th Global Conference of Actuaries. Dr. R. Kannan has been a respected colleague of mine for several years in the Reserve Bank and I am thankful to him for persuading me to join you. Also, Mr. C.S. Rao, Chairman, IRDA and Mr. D. Swarup, PFRDA have been my friends and colleagues in the Government of Andhra Pradesh and Government of India. Financial sector reform and financia
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Mr. President and distinguished friends, It is a privilege and an honour to be invited for this 8th Global Conference of Actuaries. Dr. R. Kannan has been a respected colleague of mine for several years in the Reserve Bank and I am thankful to him for persuading me to join you. Also, Mr. C.S. Rao, Chairman, IRDA and Mr. D. Swarup, PFRDA have been my friends and colleagues in the Government of Andhra Pradesh and Government of India. Financial sector reform and financia
ਮਾਰਚ 06, 2006
Reforms, Productivity and Efficiency in Banking: The Indian Experience
Let me at the outset congratulate the Pakistan Society of Development Economists for organising this Conference. Issues of productivity and efficiency have been at the centre-stage of discussions in recent years. Nowhere is this truer than the financial sector, which is perceived to be the ‘brain’ of the economy (Stiglitz, 1998). Even within the financial sector, given the dominance of bank-based financial systems in most emerging markets including ours and the system
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
Let me at the outset congratulate the Pakistan Society of Development Economists for organising this Conference. Issues of productivity and efficiency have been at the centre-stage of discussions in recent years. Nowhere is this truer than the financial sector, which is perceived to be the ‘brain’ of the economy (Stiglitz, 1998). Even within the financial sector, given the dominance of bank-based financial systems in most emerging markets including ours and the system
ਜਨ 31, 2006
Indian banks and the global challenges*
It gives me great pleasure and privilege to participate in the Seminar jointly hosted by Indian Merchants' Chamber and IBA at a juncture when financial services sector across jurisdictions is going through a strong phase of increasing globalisation. Integration of economies leads to integration of financial markets catalyzing the globalisation process. The growing role of the financial sector in allocation of resources has significant potential advantages for the effi
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It gives me great pleasure and privilege to participate in the Seminar jointly hosted by Indian Merchants' Chamber and IBA at a juncture when financial services sector across jurisdictions is going through a strong phase of increasing globalisation. Integration of economies leads to integration of financial markets catalyzing the globalisation process. The growing role of the financial sector in allocation of resources has significant potential advantages for the effi

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