Speeches - ਆਰਬੀਆਈ - Reserve Bank of India
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Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor June 07, 2024
Speeches
ਜੁਲਾ 30, 2004
Indian Banking and e-Security*
I. INTRODUCTION Thank you very much for inviting me to this inaugural session of the Conference on e-security. With the expansion of IT applications in the Indian banking system, there is a concomitant increase in concerns relating to e-security. It is, therefore, very appropriate and timely that the Indian Banks' Association (IBA) and Manufacturers Association of Information Technology (MAIT) have come together to organize this conference. The banking sector is one o
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I. INTRODUCTION Thank you very much for inviting me to this inaugural session of the Conference on e-security. With the expansion of IT applications in the Indian banking system, there is a concomitant increase in concerns relating to e-security. It is, therefore, very appropriate and timely that the Indian Banks' Association (IBA) and Manufacturers Association of Information Technology (MAIT) have come together to organize this conference. The banking sector is one o
ਜੁਲਾ 17, 2004
India and the Global Economy
Friends, I am delighted to be here in the Lal Bahadur Shastri National Academy of Administration, Mussoorie. You are among the few that have succeeded in perhaps one of the most competitive and fairest examinations in the world. You have the additional advantage of having spent some time in the rural and semi urban areas of our country while in the districts. I chose the subject `India and global economy’ precisely because during the next three to four decades that yo
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Friends, I am delighted to be here in the Lal Bahadur Shastri National Academy of Administration, Mussoorie. You are among the few that have succeeded in perhaps one of the most competitive and fairest examinations in the world. You have the additional advantage of having spent some time in the rural and semi urban areas of our country while in the districts. I chose the subject `India and global economy’ precisely because during the next three to four decades that yo
ਜੂਨ 27, 2004
Financial Stability : Indian Experience
I am thankful to the BIS for inviting me to share some thoughts on financial stability issues in the Panel of four Governors. It is an honour to address the galaxy of central bankers assembled here in connection with the annual meetings of the BIS. My observations are based on the Indian experience and would focus on rebalancing of efficiency and stability in the context of financial sector reforms in India. 2. In India, we have been moving from a government-dominated
Dr. Y. V. Reddy, Governor, Reserve Bank of India
I am thankful to the BIS for inviting me to share some thoughts on financial stability issues in the Panel of four Governors. It is an honour to address the galaxy of central bankers assembled here in connection with the annual meetings of the BIS. My observations are based on the Indian experience and would focus on rebalancing of efficiency and stability in the context of financial sector reforms in India. 2. In India, we have been moving from a government-dominated
ਜੂਨ 25, 2004
Remarks on capital account liberalisation and capital controls
I am thankful to Bank of England for the excellent arrangements and well thought out agenda for the 2004 Central Bank Governors' Symposium. As desired by Governor Mervyn King, I will give a brief introduction in this session on capital account liberalisation and capital controls. Professor Kenneth Rogoff's well-researched messages on effects of financial globalisation on developing countries are appropriate as governing thoughts for this session. There is evidence of
Dr. Y. V. Reddy, Governor, Reserve Bank of India
I am thankful to Bank of England for the excellent arrangements and well thought out agenda for the 2004 Central Bank Governors' Symposium. As desired by Governor Mervyn King, I will give a brief introduction in this session on capital account liberalisation and capital controls. Professor Kenneth Rogoff's well-researched messages on effects of financial globalisation on developing countries are appropriate as governing thoughts for this session. There is evidence of
ਜੂਨ 02, 2004
Implementation of Basel II: An Indian Perspective
Address by Smt. Kishori J. Udeshi, Deputy Governor, Reserve Bank of India at the World Bank/IMF/US Federal Reserve Board 4th Annual International Seminar on Policy Challenges for the Financial Sector : Basel II at Washington on June 2, 2004 Yesterday we had very absorbing discussions on macro issues, regulatory perspectives and risk management challenges relating to Basel II. We are now not debating whether to go forward with Basel II but how to implement Basel II. In
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
Address by Smt. Kishori J. Udeshi, Deputy Governor, Reserve Bank of India at the World Bank/IMF/US Federal Reserve Board 4th Annual International Seminar on Policy Challenges for the Financial Sector : Basel II at Washington on June 2, 2004 Yesterday we had very absorbing discussions on macro issues, regulatory perspectives and risk management challenges relating to Basel II. We are now not debating whether to go forward with Basel II but how to implement Basel II. In
ਅਪ੍ਰੈ 24, 2004
International Monetary and Financial Committee Statement
Ninth Meeting April 24, 2004Statement by Dr. Y.V. Reddy, Governor, Reserve Bank of India and Leader of the Indian Delegation On behalf of Bangladesh, Bhutan, India and Sri Lanka Statement by Dr. Y.V. Reddy, Governor, Reserve Bank of India and Leader of the Indian Delegation To the International Monetary and Financial Committee(IMFC), Washington, D.C., April 24, 2004 Representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka Mr. Chairman The Gl
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Ninth Meeting April 24, 2004Statement by Dr. Y.V. Reddy, Governor, Reserve Bank of India and Leader of the Indian Delegation On behalf of Bangladesh, Bhutan, India and Sri Lanka Statement by Dr. Y.V. Reddy, Governor, Reserve Bank of India and Leader of the Indian Delegation To the International Monetary and Financial Committee(IMFC), Washington, D.C., April 24, 2004 Representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka Mr. Chairman The Gl
ਅਪ੍ਰੈ 07, 2004
A Policy Update
Friends, I have great pleasure in participating in this book release function. The Academic Foundation has provided yeomen service in bringing out this book, which is very valuable and special for several reasons. It is essential to note that the title of the book reminds us that the focus of accelerating growth should be on poverty reduction. The writing displays a high degree of objectivity. Of particular interest to students and policy-makers is that it presents, i
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Friends, I have great pleasure in participating in this book release function. The Academic Foundation has provided yeomen service in bringing out this book, which is very valuable and special for several reasons. It is essential to note that the title of the book reminds us that the focus of accelerating growth should be on poverty reduction. The writing displays a high degree of objectivity. Of particular interest to students and policy-makers is that it presents, i
ਮਾਰਚ 27, 2004
M.A.Master Memorial Lecture
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Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
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ਮਾਰਚ 26, 2004
A Decade of Reforms in Government Securities Market in India and the Road Ahead*
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Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
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ਮਾਰਚ 20, 2004
A Decade of Reforms in Government Securities Market in India and the Road Ahead*
I. INTRODUCTIONIt gives me great pleasure to deliver this keynote address at the Annual Conference of FIMMDA jointly organised by the Fixed Income Money Market Dealers Association of India (FIMMDA) and Primary Dealers Association of India (PDAI). Many of you would recall that the FIMMDA-PDAI conference held in Bangkok in 2002 was addressed by Governor, Dr. Y. V. Reddy when he was Deputy Governor. My address today is like a footnote to the comprehensive address given b
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I. INTRODUCTIONIt gives me great pleasure to deliver this keynote address at the Annual Conference of FIMMDA jointly organised by the Fixed Income Money Market Dealers Association of India (FIMMDA) and Primary Dealers Association of India (PDAI). Many of you would recall that the FIMMDA-PDAI conference held in Bangkok in 2002 was addressed by Governor, Dr. Y. V. Reddy when he was Deputy Governor. My address today is like a footnote to the comprehensive address given b
ਮਾਰਚ 19, 2004
Role of Central Bankers in Emerging Economy like India
Dr. Kanu Doshiwas kind enough to leave the choice of topic for today’s lecture, to be decided by me. I chose this topic as I consider it to be one which would perhaps be of interest to bright and young students and one of contemporary relevance. Although the role of central banking is extensively discussed in the literature on monetary economics, the role of central bankers has remained obscure as central bankers were traditionally meant to operate in anonymity and th
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
Dr. Kanu Doshiwas kind enough to leave the choice of topic for today’s lecture, to be decided by me. I chose this topic as I consider it to be one which would perhaps be of interest to bright and young students and one of contemporary relevance. Although the role of central banking is extensively discussed in the literature on monetary economics, the role of central bankers has remained obscure as central bankers were traditionally meant to operate in anonymity and th
ਮਾਰਚ 03, 2004
Orderly Global Economic Recovery : Are Exchange Rate Adjustments Effective Any More?*
When we last met in London in October, I had talked about medium and long-term issues related to globalisation and possible enduring imbalances in the medium- and long-term. I had talked in particular about the consequences of economic demographics and ageing. So I am delighted that this is now a specific subject for discussion in this meeting. Today, I will focus on possible short-term issues that may arise as the current economic imbalances are corrected. Recent dat
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
When we last met in London in October, I had talked about medium and long-term issues related to globalisation and possible enduring imbalances in the medium- and long-term. I had talked in particular about the consequences of economic demographics and ageing. So I am delighted that this is now a specific subject for discussion in this meeting. Today, I will focus on possible short-term issues that may arise as the current economic imbalances are corrected. Recent dat
ਫ਼ਰ 05, 2004
Agricultural Credit in India: Status, Issues and Future Agenda*
INTRODUCTION: HISTORICAL OVERVIEW O F AGRICULTURAL CREDIT IN INDIA RISK IN INDIAN FARMING Settled agriculture in India has had a long history because of the fertile plains of Northern India irrigated by the Indus, the Ganga-Jamuna river systems and the Brahmaputra in the East. Southern India has its own river systems and has, moreover, been characterised by its impressive history of sophisticated water management systems: perhaps among the most developed historically.
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
INTRODUCTION: HISTORICAL OVERVIEW O F AGRICULTURAL CREDIT IN INDIA RISK IN INDIAN FARMING Settled agriculture in India has had a long history because of the fertile plains of Northern India irrigated by the Indus, the Ganga-Jamuna river systems and the Brahmaputra in the East. Southern India has its own river systems and has, moreover, been characterised by its impressive history of sophisticated water management systems: perhaps among the most developed historically.
ਜਨ 21, 2004
Capital Flows and Indian Policy Response - Presidential Comments
After such an illuminating lecture by Prof. Krueger and a very lively discussion, I would with your permission, dispense with the formality of a formal address. However, as is expected of me, I will make a few comments. At the outset, I should confess the main reasons for my being here. It is out of my personal affection, great respect for scholarship and admiration for the leadership as well as diplomatic skills of Prof. Krueger, that I made it a point to be here. Of
Dr. Y. V. Reddy, Governor, Reserve Bank of India
After such an illuminating lecture by Prof. Krueger and a very lively discussion, I would with your permission, dispense with the formality of a formal address. However, as is expected of me, I will make a few comments. At the outset, I should confess the main reasons for my being here. It is out of my personal affection, great respect for scholarship and admiration for the leadership as well as diplomatic skills of Prof. Krueger, that I made it a point to be here. Of
ਜਨ 13, 2004
L.K. Jha Memorial Lecture by Martin Feldstein on 12 January, 2004
Budget Deficits and National DebtMartin Feldstein* I am delighted to be here in Mumbai and honored by your invitation to give this year’s L. K. Jha Memorial Lecture. I first came to India only about eight years ago and have been coming to India once each year for the past five years. Even in that short period of time, I have seen significant improvements in the Indian economy and now hear about important structural changes that are being made or contemplated. I am ver
Martin Feldstein, George F. Baker Professor of Economics at Harvard University and President of the National Bureau of Economic Research.
Budget Deficits and National DebtMartin Feldstein* I am delighted to be here in Mumbai and honored by your invitation to give this year’s L. K. Jha Memorial Lecture. I first came to India only about eight years ago and have been coming to India once each year for the past five years. Even in that short period of time, I have seen significant improvements in the Indian economy and now hear about important structural changes that are being made or contemplated. I am ver
ਜਨ 07, 2004
The Outlook for Indian Economy - An Update
January 7, 200476th Annual General Meeting of FICCI, New DelhiThe Outlook for Indian Economy : An Update Friends, I am thankful to President Mr. Muthiah for giving me the opportunity to address the 76th General Meeting of FICCI. I had the privilege of addressing FICCI in New Delhi about a year ago (October 24, 2002), at the invitation of Mr. Lodha and the subject was, if I recall right, "World Economic Outlook and Financial Market Developments – Implications for India
Dr. Y. V. Reddy, Governor, Reserve Bank of India
January 7, 200476th Annual General Meeting of FICCI, New DelhiThe Outlook for Indian Economy : An Update Friends, I am thankful to President Mr. Muthiah for giving me the opportunity to address the 76th General Meeting of FICCI. I had the privilege of addressing FICCI in New Delhi about a year ago (October 24, 2002), at the invitation of Mr. Lodha and the subject was, if I recall right, "World Economic Outlook and Financial Market Developments – Implications for India
ਜਨ 06, 2004
Credit Policy, Systems and Culture
Coming to the Institute kindles a feeling of festive occasion and it is a privilege and an honour to be here with you. There have been significant achievements, in training, in diversified fields, with new initiatives and a wider coverage in the area of research and consultancy. Admittedly, there is more of sponsored research now. Incidentally, one of my former colleagues Ms. Indrani Banerjee, who along with others worked with me on a money-laundering Report in the Re
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Coming to the Institute kindles a feeling of festive occasion and it is a privilege and an honour to be here with you. There have been significant achievements, in training, in diversified fields, with new initiatives and a wider coverage in the area of research and consultancy. Admittedly, there is more of sponsored research now. Incidentally, one of my former colleagues Ms. Indrani Banerjee, who along with others worked with me on a money-laundering Report in the Re
ਜਨ 01, 2004
Understanding Reforms
I have great pleasure in welcoming you on behalf of Finance Minister, Mr. Jaswant Singh, on behalf of Reserve Bank of India and, on my own behalf. India has been playing active role in researching and debating issues relating to development, particularly in the context of developing nations. We believe that holding of the Global Development Netowrk (GDN) Annual Conference in India is a tribute to our approach to reform, and is also a recognition of the need to continu
Dr. Y. V. Reddy, Governor, Reserve Bank of India
I have great pleasure in welcoming you on behalf of Finance Minister, Mr. Jaswant Singh, on behalf of Reserve Bank of India and, on my own behalf. India has been playing active role in researching and debating issues relating to development, particularly in the context of developing nations. We believe that holding of the Global Development Netowrk (GDN) Annual Conference in India is a tribute to our approach to reform, and is also a recognition of the need to continu
ਦਸੰ 12, 2003
Retail Banking : Challenges Ahead in Distribution Channels in Urban/Rural India - Remarks
The promise of lower transaction costs, increased sales productivity, and more convenient service has lured banks into setting up new delivery channels. Earlier, vast brick and mortar branch network has been considered as an inherent advantage of established banks and new entrants were at huge disadvantage vis-à-vis the established players in terms of customer reach. However, post 1990s new players are effectively taking on the branch network advantage of the establis
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
The promise of lower transaction costs, increased sales productivity, and more convenient service has lured banks into setting up new delivery channels. Earlier, vast brick and mortar branch network has been considered as an inherent advantage of established banks and new entrants were at huge disadvantage vis-à-vis the established players in terms of customer reach. However, post 1990s new players are effectively taking on the branch network advantage of the establis
ਦਸੰ 11, 2003
Towards Globalisation in the Financial Sector in India - Inaugural Address
I am indeed very happy to be, once again, amongst friends– albeit in a slightly different capacity. All of you have been totally supportive to me and, I must express my deep sense of gratitude to you for the warm and affectionate welcome that you gave for my appointment. My address today is in the nature of sharing of some of my preliminary thought processes on the subject of globalisation and the financial sector. The presentation today starts with a framework for ap
Dr. Y. V. Reddy, Governor, Reserve Bank of India
I am indeed very happy to be, once again, amongst friends– albeit in a slightly different capacity. All of you have been totally supportive to me and, I must express my deep sense of gratitude to you for the warm and affectionate welcome that you gave for my appointment. My address today is in the nature of sharing of some of my preliminary thought processes on the subject of globalisation and the financial sector. The presentation today starts with a framework for ap
ਦਸੰ 09, 2003
Banking and Trade Finance Inaugural Address
I am indeed privileged to be invited to inaugurate this conference and especially so, as this is the first time that the International Chamber of Commerce Banking Commission Meeting is taking place in India. The contribution made by ICC in standardisation is well-known but perhaps what is not so well-known is that the ICC also contributes to making business policy by publishing policy statements and reports and laying down guidelines, goals and rules. This conference
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
I am indeed privileged to be invited to inaugurate this conference and especially so, as this is the first time that the International Chamber of Commerce Banking Commission Meeting is taking place in India. The contribution made by ICC in standardisation is well-known but perhaps what is not so well-known is that the ICC also contributes to making business policy by publishing policy statements and reports and laying down guidelines, goals and rules. This conference
ਨਵੰ 28, 2003
Finance for Industrial Growth
It is indeed a privilege and an honour for me to deliver the Mohan Kumaramangalam Memorial Lecture here at the Administrative Staff College of India. Mohan Kumaramangalam was one of the most distinguished public servants of his generation. His untimely and unfortunate death in a plane crash in 1973 deprived India of a worthy son. A leftist in his student days in England, Mohan Kumaramangalam was a leading light of Mrs. Gandhi's cabinet. His enduring contribution was t
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
It is indeed a privilege and an honour for me to deliver the Mohan Kumaramangalam Memorial Lecture here at the Administrative Staff College of India. Mohan Kumaramangalam was one of the most distinguished public servants of his generation. His untimely and unfortunate death in a plane crash in 1973 deprived India of a worthy son. A leftist in his student days in England, Mohan Kumaramangalam was a leading light of Mrs. Gandhi's cabinet. His enduring contribution was t
ਨਵੰ 21, 2003
Challenges to Monetary Policy in A Global Context
Rakesh Mohan* I. Introduction Recent global developments have transformed the environment in which monetary policy operates, throwing up opportunities as well as challenges. Globalisation has expanded economic interdependence and interaction of countries greatly. This has created the need for greater coordination in terms of the design of appropriate institutional architecture as well as standardisation reflected in the adoption of similar monetary policy approaches.
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
Rakesh Mohan* I. Introduction Recent global developments have transformed the environment in which monetary policy operates, throwing up opportunities as well as challenges. Globalisation has expanded economic interdependence and interaction of countries greatly. This has created the need for greater coordination in terms of the design of appropriate institutional architecture as well as standardisation reflected in the adoption of similar monetary policy approaches.
ਸਤੰ 23, 2003
Boards of Governors - 2003 Annual Meetings
September 23–24, 2003World Bank GroupInternational Bank for Reconstruction and Development International Finance Corporation International Development Association International Centre For Settlement Of Investment Disputes Multilateral Investment Guarantee Agency International Monetary FundStatement by the Hon. Mr. Y.V. Reddy, Alternate Governor of the Fund for India, at the Joint Annual DiscussionMr. Chairman:1. Since we met last in April 2003, there have been some si
Dr. Y. V. Reddy, Governor, Reserve Bank of India
September 23–24, 2003World Bank GroupInternational Bank for Reconstruction and Development International Finance Corporation International Development Association International Centre For Settlement Of Investment Disputes Multilateral Investment Guarantee Agency International Monetary FundStatement by the Hon. Mr. Y.V. Reddy, Alternate Governor of the Fund for India, at the Joint Annual DiscussionMr. Chairman:1. Since we met last in April 2003, there have been some si
ਸਤੰ 21, 2003
The Global Economy and Financial Markets
Statement by Dr. Y.V. Reddy, Governor, Reserve Bank of India and Leader of the Indian Delegation to the International Monetary and Financial Committee(Dubai, Sunday, September 21, 2003)Mr. Chairman,The Global Economy and Financial MarketsOutlook, Risks and Policy Responses1. There have been several welcome developments in the global environment since we met in last April. To our relief, several uncertainties relating to Iraq war, impact of SARS and volatility in oil p
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Statement by Dr. Y.V. Reddy, Governor, Reserve Bank of India and Leader of the Indian Delegation to the International Monetary and Financial Committee(Dubai, Sunday, September 21, 2003)Mr. Chairman,The Global Economy and Financial MarketsOutlook, Risks and Policy Responses1. There have been several welcome developments in the global environment since we met in last April. To our relief, several uncertainties relating to Iraq war, impact of SARS and volatility in oil p
ਸਤੰ 19, 2003
Economic Development of the North East Region:Some Reflections* - RAKESH MOHAN
It is a matter of great pleasure to be here with you to deliver the keynote address on this occasion of the 8th anniversary of the North Eastern Development Finance Corporation (NEDFi). As a financial institution NEDFi is unique, given the challenging domain of the North Eastern Region (NER) that it endeavours to promote. Like many of you, I have often wondered why the growth and development performance of this richly endowed Region has been well below its potential;
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
It is a matter of great pleasure to be here with you to deliver the keynote address on this occasion of the 8th anniversary of the North Eastern Development Finance Corporation (NEDFi). As a financial institution NEDFi is unique, given the challenging domain of the North Eastern Region (NER) that it endeavours to promote. Like many of you, I have often wondered why the growth and development performance of this richly endowed Region has been well below its potential;
ਸਤੰ 16, 2003
Indian Economic Scenario Yesterday – Today – Tomorrow
I am honoured to address this gathering which has been facilitating constructive interactions and garnering public debate on various issues confronting India. The theme chosen for this gathering ‘Indian Economic Scenario – Yesterday, Today and Tomorrow’ is one of the most important issues requiring wide public debate as the Indian Financial system is passing through a phase of transformation and consolidation. It is time to build strategies for the challenges that lie
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I am honoured to address this gathering which has been facilitating constructive interactions and garnering public debate on various issues confronting India. The theme chosen for this gathering ‘Indian Economic Scenario – Yesterday, Today and Tomorrow’ is one of the most important issues requiring wide public debate as the Indian Financial system is passing through a phase of transformation and consolidation. It is time to build strategies for the challenges that lie
ਸਤੰ 09, 2003
Financing for Entrepreneurship and SMEs : An Indian Perspective
I am indeed thankful to OECD for inviting me as speaker at this important workshop on "Entrepreneurship in a Global Economy". In my address, I shall share with you some of the initiatives that are being taken by the Indian authorities with regard to the Small Scale Industries (SSI), against the backdrop of the SME financing in a cross-country perspective.In view of the continuing financing problems of the SMEs, at least two broad approaches have been adopted at the na
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I am indeed thankful to OECD for inviting me as speaker at this important workshop on "Entrepreneurship in a Global Economy". In my address, I shall share with you some of the initiatives that are being taken by the Indian authorities with regard to the Small Scale Industries (SSI), against the backdrop of the SME financing in a cross-country perspective.In view of the continuing financing problems of the SMEs, at least two broad approaches have been adopted at the na
ਅਗ 21, 2003
Recent Technological Developments In Indian Banking
Presentation (Powerpoint) by Shri Vepa Kamesam Deputy Governor Reserve Bank of India on Recent Technological Developments In Indian Banking
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
Presentation (Powerpoint) by Shri Vepa Kamesam Deputy Governor Reserve Bank of India on Recent Technological Developments In Indian Banking
ਅਗ 21, 2003
Recent Technological Developments in Indian Banking (Currency Management)
Presentation (Powerpoint) by Shri Vepa Kamesam Deputy Governor Reserve Bank of India on Recent Technological Developments in Indian Banking (Currency Management)
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
Presentation (Powerpoint) by Shri Vepa Kamesam Deputy Governor Reserve Bank of India on Recent Technological Developments in Indian Banking (Currency Management)
ਅਗ 14, 2003
Exchange Rate Management: An Emerging Consensus?
I am very happy to be here with you on the occasion of the 14th National Assembly. This annual gathering of our Forex specialists is a very special occasion for everyone interested in the evolution of forex market in India – not only the dealers and market participants, but also the RBI, Government and outside experts interested in appropriate macro-economic management for higher growth and the greater good of our people. It provides all of us with an opportunity to r
Dr. Bimal Jalan, Governor, Reserve Bank of India
I am very happy to be here with you on the occasion of the 14th National Assembly. This annual gathering of our Forex specialists is a very special occasion for everyone interested in the evolution of forex market in India – not only the dealers and market participants, but also the RBI, Government and outside experts interested in appropriate macro-economic management for higher growth and the greater good of our people. It provides all of us with an opportunity to r
ਜੁਲਾ 25, 2003
Role of Quality Human Resource in Target Setting for Economic Growth1
I am indeed thankful to Technology Information, Forecasting and Assessment Council (TIFAC) and especially to Dr. R. Chidambaram, Chairman, TIFAC for inviting me to join the distinguished participants and share my thoughts on ‘Role of Quality Human Resources in Target Setting for Economic Growth’. As I understand TIFAC has undertaken an ambitious programme known as ‘MISSION REACH’ as a follow up of the Technology Vision-2020 recommendations. The MISSION REACH is three
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I am indeed thankful to Technology Information, Forecasting and Assessment Council (TIFAC) and especially to Dr. R. Chidambaram, Chairman, TIFAC for inviting me to join the distinguished participants and share my thoughts on ‘Role of Quality Human Resources in Target Setting for Economic Growth’. As I understand TIFAC has undertaken an ambitious programme known as ‘MISSION REACH’ as a follow up of the Technology Vision-2020 recommendations. The MISSION REACH is three
ਜੁਲਾ 21, 2003
Roll-out Strategy for RTGS Implementation1
I welcome you all to this meeting. I am glad to share with you that the implementation of the RTGS Project has progressed significantly and is now critically poised. Even when I am speaking to you, the demonstration of the Demo RTGS System to a group of bank officials is in progress in our Bankers’ Training College. The RTGS System is scheduled to be delivered by the end of October, 2003, followed by installation, testing and commencement of parallel run before the ye
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I welcome you all to this meeting. I am glad to share with you that the implementation of the RTGS Project has progressed significantly and is now critically poised. Even when I am speaking to you, the demonstration of the Demo RTGS System to a group of bank officials is in progress in our Bankers’ Training College. The RTGS System is scheduled to be delivered by the end of October, 2003, followed by installation, testing and commencement of parallel run before the ye
ਜੂਨ 16, 2003
32nd ACU Board Meeting - Governor’s Welcome Address on June 16, 2003
Honourable Governors and distinguished Delegates, Guests, Ladies and Gentlemen:It is a great privilege for me to welcome you to this 32nd Board meeting of the Asian Clearing Union (ACU). I am happy that this meeting is being held in the city of Bangalore, known as the ‘City of Gardens’ , with a great tradition in music, literature, architecture, science and technology. The city is now known even more as India’s leading city for information technology.2. Before proceed
Dr. Bimal Jalan, Governor, Reserve Bank of India
Honourable Governors and distinguished Delegates, Guests, Ladies and Gentlemen:It is a great privilege for me to welcome you to this 32nd Board meeting of the Asian Clearing Union (ACU). I am happy that this meeting is being held in the city of Bangalore, known as the ‘City of Gardens’ , with a great tradition in music, literature, architecture, science and technology. The city is now known even more as India’s leading city for information technology.2. Before proceed
ਮਈ 21, 2003
Infrastructure Development in India: Emerging Challenges
I. BACKGROUNDInfrastructure contributes significantly to economic development both by increasing productivity and by providing amenities that enhance the quality of life. The impact of infrastructure on economic growth is well documented internationally. In the Indian context too, elasticities of output with respect to various stocks of infrastructure indicate that the transport and communication sectors play a dominant role in explaining the variations in GDP and its
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I. BACKGROUNDInfrastructure contributes significantly to economic development both by increasing productivity and by providing amenities that enhance the quality of life. The impact of infrastructure on economic growth is well documented internationally. In the Indian context too, elasticities of output with respect to various stocks of infrastructure indicate that the transport and communication sectors play a dominant role in explaining the variations in GDP and its
ਮਈ 06, 2003
Payment & Settlement Systems
The Payment and Settlement System is an essential part of the financial system of a vibrant economy. Consolidation, Development and Integration of the financial infrastructure and reforms in the payment and settlement systems of the country that address the twin issues of safety and efficiency have been engaging the attention of the Central Bankers and Financial Institutions the world over. Payment and Settlement Systems are no longer the backwaters of either the bank
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
The Payment and Settlement System is an essential part of the financial system of a vibrant economy. Consolidation, Development and Integration of the financial infrastructure and reforms in the payment and settlement systems of the country that address the twin issues of safety and efficiency have been engaging the attention of the Central Bankers and Financial Institutions the world over. Payment and Settlement Systems are no longer the backwaters of either the bank
ਮਈ 06, 2003
Developing Corporate Debt Market in India
Presentation (Powerpoint) by Shri Rakesh Mohan at the 3rd Invest India Debt Market Round Table on May 6, 2003
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
Presentation (Powerpoint) by Shri Rakesh Mohan at the 3rd Invest India Debt Market Round Table on May 6, 2003
ਅਪ੍ਰੈ 30, 2003
Monetary and Credit Policy for the year 2003-04
Presentation (Powerpoint) by Shri Rakesh Mohan Deputy Governor Reserve Bank of India
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
Presentation (Powerpoint) by Shri Rakesh Mohan Deputy Governor Reserve Bank of India
ਫ਼ਰ 01, 2003
Bonds & Derivatives - The Road Ahead
Ladies & Gentlemen,At the outset, let me express my gratitude to FIMMDA and PDAI for giving me an opportunity to give valedictory address to this prestigious annual conference. The role of FIMMDA/PDAI has become increasingly important in the development of the fixed income market in India. FIMMDA has played a pivotal role in the documentation of repos, CPs & CDs, finalizing the daily / annual valuation methodology for fixed income securities / derivatives. RBI
Shri Mohammad Tahir, Executive Director, Reserve Bank of India
Ladies & Gentlemen,At the outset, let me express my gratitude to FIMMDA and PDAI for giving me an opportunity to give valedictory address to this prestigious annual conference. The role of FIMMDA/PDAI has become increasingly important in the development of the fixed income market in India. FIMMDA has played a pivotal role in the documentation of repos, CPs & CDs, finalizing the daily / annual valuation methodology for fixed income securities / derivatives. RBI
ਜਨ 07, 2003
Management Challenges in Banking*
IntroductionIt gives me great pleasure in participating in the Annual Day function of NIBM where I have spent two years as a student of BMP in 1980s. NIBM has been playing a vital role in providing a platform to bankers and at times to Regulators also for exchange of views and thoughts to meet the emerging requirements of banking sector. Recent developments have underscored the urgency to sensitise the banking industry on emerging issues and quickly adapt to the chang
Shri. G.P. Muniappan, Deputy Governor, Reserve Bank of India
IntroductionIt gives me great pleasure in participating in the Annual Day function of NIBM where I have spent two years as a student of BMP in 1980s. NIBM has been playing a vital role in providing a platform to bankers and at times to Regulators also for exchange of views and thoughts to meet the emerging requirements of banking sector. Recent developments have underscored the urgency to sensitise the banking industry on emerging issues and quickly adapt to the chang
ਦਸੰ 29, 2002
Transforming Indian Banking: In Search of a Better Tomorrow
The significant transformation of the banking industry in India is clearly evident from the changes that have occurred in the financial markets, institutions and products. While deregulation has opened up new vistas for banks to augment revenues, it has entailed greater competition and consequently greater risks. Cross-border flows and entry of new products, particularly derivative instruments, have impacted significantly on the domestic banking sector, forcing banks
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
The significant transformation of the banking industry in India is clearly evident from the changes that have occurred in the financial markets, institutions and products. While deregulation has opened up new vistas for banks to augment revenues, it has entailed greater competition and consequently greater risks. Cross-border flows and entry of new products, particularly derivative instruments, have impacted significantly on the domestic banking sector, forcing banks
ਦਸੰ 28, 2002
Re-Engineering Operations in Banking System
Banking has traditionally remained a protected industry in many emerging economies. However, a combination of developments has compelled banks to change the old ways of doing business. These include, among others, technological advancements, disintermediation pressures arising from a liberalized marketplace, increased emphasis on shareholders’ value and macroeconomic pressures and banking crises in 1990s. As a consequence of these developments, the dividing line betwe
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
Banking has traditionally remained a protected industry in many emerging economies. However, a combination of developments has compelled banks to change the old ways of doing business. These include, among others, technological advancements, disintermediation pressures arising from a liberalized marketplace, increased emphasis on shareholders’ value and macroeconomic pressures and banking crises in 1990s. As a consequence of these developments, the dividing line betwe
ਦਸੰ 28, 2002
Inaugural Session on Technical Session I - Reorienting Structure
Introduction It gives me great pleasure to address this gathering of professionals from the financial sector. I have been impressed by the arrangements which have been made for the conduct of the program, and hope that the proceedings will also match the organisation in grandeur. I have had the opportunity to go through the papers which are being presented at this session and I am very happy to note that they are of a high quality and raise very pertinent issues. In f
Shri. G.P. Muniappan, Deputy Governor, Reserve Bank of India
Introduction It gives me great pleasure to address this gathering of professionals from the financial sector. I have been impressed by the arrangements which have been made for the conduct of the program, and hope that the proceedings will also match the organisation in grandeur. I have had the opportunity to go through the papers which are being presented at this session and I am very happy to note that they are of a high quality and raise very pertinent issues. In f
ਦਸੰ 27, 2002
Strengthening Indian Banking and Finance: Progress and Prospects
The Bank Economists’ Conference has become an important annual event for constructive interactions and informed debate on the state of our financial system. The theme chosen for this year, "Indian Banking: Managing Transformation", provides an excellent opportunity to reflect on the ground that has been covered in transforming Indian banking into a vibrant, sound and a well-functioning system, and to chart out a plan for the future. I am happy to be here with you agai
Dr. Bimal Jalan, Governor, Reserve Bank of India
The Bank Economists’ Conference has become an important annual event for constructive interactions and informed debate on the state of our financial system. The theme chosen for this year, "Indian Banking: Managing Transformation", provides an excellent opportunity to reflect on the ground that has been covered in transforming Indian banking into a vibrant, sound and a well-functioning system, and to chart out a plan for the future. I am happy to be here with you agai
ਅਕਤੂ 29, 2002
Distribution of Notes and Coins in India
Presentation (Powerpoint) by Shri Vepa Kamesam at Currency Conference 2002, Honolulu, Hawaii
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
Presentation (Powerpoint) by Shri Vepa Kamesam at Currency Conference 2002, Honolulu, Hawaii
ਅਕਤੂ 18, 2002
Development of Bond Market in India
IntroductionBond markets link issuers, i.e., governments, state owned institutions, local bodies and corporates having financing needs, with investors having investible surplus. An efficient bond market is one where the requirements of both issuers and investors are met effectively at a price (interest rates) determined competitively, and where price adjustment to new information is seamless. For this purpose, the basic pre-requisites are: stable macro-economic enviro
Shri Mohammad Tahir, Executive Director, Reserve Bank of India
IntroductionBond markets link issuers, i.e., governments, state owned institutions, local bodies and corporates having financing needs, with investors having investible surplus. An efficient bond market is one where the requirements of both issuers and investors are met effectively at a price (interest rates) determined competitively, and where price adjustment to new information is seamless. For this purpose, the basic pre-requisites are: stable macro-economic enviro
ਸਤੰ 28, 2002
Key Note Address at the Assembly of the Forex Dealers' Association of India at Bangalore on September 28, 2002 delivered by Smt K.J.Udeshi, Executive Director, RBI
Mr.Pravin Gupta, Chairman, Forex Association of India, Mr Tyagarajan, General Secretary, other dignitaries present here, ladies and gentlemen,It is indeed a great pleasure to be amidst you all this evening. This is my first participation in the Forex Assembly. The first thing however that came to my mind when Mr Gupta approached me is that, thankfully there could not be a more opportune time for my first visit when all is apparently well with the forex market world an
Smt. K.J. Udeshi, Executive Director, Reserve Bank of India
Mr.Pravin Gupta, Chairman, Forex Association of India, Mr Tyagarajan, General Secretary, other dignitaries present here, ladies and gentlemen,It is indeed a great pleasure to be amidst you all this evening. This is my first participation in the Forex Assembly. The first thing however that came to my mind when Mr Gupta approached me is that, thankfully there could not be a more opportune time for my first visit when all is apparently well with the forex market world an
ਸਤੰ 11, 2002
Governance and Regulation of Financial Services
I. Introduction to the theme and the speakersThe theme for this session is a very broad one, encompassing the entire framework of regulation. However, it is very relevant in today’s times given the focus on the regulation and supervision of the institutions in the financial sector. This focus has emerged in the context of the large number of financial sector crises and bank failures, which have plagued almost all the economies in the world over the last two decades. T
Shri. G.P. Muniappan, Deputy Governor, Reserve Bank of India
I. Introduction to the theme and the speakersThe theme for this session is a very broad one, encompassing the entire framework of regulation. However, it is very relevant in today’s times given the focus on the regulation and supervision of the institutions in the financial sector. This focus has emerged in the context of the large number of financial sector crises and bank failures, which have plagued almost all the economies in the world over the last two decades. T
ਸਤੰ 03, 2002
Managing Public Debt - Issues and Challenges
I thank the ASSOCHAM for inviting me at the Valedictory session of the Seminar on Managing Public Debt.During the course of Seminar, various aspects of Managing Public Debt have been discussed. Many suggestions have been made by the speakers. I am sure these suggestions will be sent to Government for consideration.Practically, all aspects of Debt Management have been discussed in the Seminar. I would, therefore, be supplementing to what has already been said.Role of R
Shri Mohammad Tahir, Executive Director, Reserve Bank of India
I thank the ASSOCHAM for inviting me at the Valedictory session of the Seminar on Managing Public Debt.During the course of Seminar, various aspects of Managing Public Debt have been discussed. Many suggestions have been made by the speakers. I am sure these suggestions will be sent to Government for consideration.Practically, all aspects of Debt Management have been discussed in the Seminar. I would, therefore, be supplementing to what has already been said.Role of R
ਅਗ 31, 2002
Challenges Before The Indian Banking Industry
I am honoured to speak at the 55th Annual General Meeting of the Indian Banks' Association. The Indian Banks' Association started as a voluntary service Organisation in 1946 has played a very important and pivotal role for more than 50 years in the banking industry and has made commendable efforts as a facilitator in ensuring an efficient and sound banking system which is committed to excellence in operations and customer service. The Association strives to meet the d
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I am honoured to speak at the 55th Annual General Meeting of the Indian Banks' Association. The Indian Banks' Association started as a voluntary service Organisation in 1946 has played a very important and pivotal role for more than 50 years in the banking industry and has made commendable efforts as a facilitator in ensuring an efficient and sound banking system which is committed to excellence in operations and customer service. The Association strives to meet the d
ਅਗ 30, 2002
Seminar on Banking Reforms and Strategies1
The first phase of banking sector reforms initiated in pursuance of the recommendations of the Committee on Financial Sector Reforms provided the necessary platform to the banking sector to operate on the basis of operational flexibility and functional autonomy, thereby enhancing efficiency, productivity and profitability. Keeping in view the major changes that took place in the macro economic environment and policy and institutional developments in the interim period
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
The first phase of banking sector reforms initiated in pursuance of the recommendations of the Committee on Financial Sector Reforms provided the necessary platform to the banking sector to operate on the basis of operational flexibility and functional autonomy, thereby enhancing efficiency, productivity and profitability. Keeping in view the major changes that took place in the macro economic environment and policy and institutional developments in the interim period
ਜੁਲਾ 26, 2002
A Decade after 1991: New Challenges Facing the Indian Economy
I feel deeply honoured to have been invited to deliver the 28 th Frank Moraes Memorial Lecture this evening. I feel particularly honoured, but also humbled, when I look at the list of the very distinguished predecessors who have delivered this lecture. Frank Moraes was among the pioneers of independent Indian journalism. As editor of the Indian Express he set new standards in journalism in terms of both probity and quality of writing. I know that successive generation
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I feel deeply honoured to have been invited to deliver the 28 th Frank Moraes Memorial Lecture this evening. I feel particularly honoured, but also humbled, when I look at the list of the very distinguished predecessors who have delivered this lecture. Frank Moraes was among the pioneers of independent Indian journalism. As editor of the Indian Express he set new standards in journalism in terms of both probity and quality of writing. I know that successive generation
ਜੁਲਾ 08, 2002
Bank of England’s Seminar on International Financial Architecture
Today’s topic is a very large one and the time available to us is relatively short. To make the maximum use of the time available to me, I will make four broad points rather than deal with any specific issues relating to the international financial architecture. These, we can deal with later in the seminar during the question/answer period. The First point that I want to make is that we need to recognize that the period of the 90s, despite many gains, has seen many mo
Dr. Bimal Jalan, Governor, Reserve Bank of India
Today’s topic is a very large one and the time available to us is relatively short. To make the maximum use of the time available to me, I will make four broad points rather than deal with any specific issues relating to the international financial architecture. These, we can deal with later in the seminar during the question/answer period. The First point that I want to make is that we need to recognize that the period of the 90s, despite many gains, has seen many mo
ਜੁਲਾ 05, 2002
Co-Operative Banks in India : Strengthening through Corporate Governance
by Vepa Kamesam Deputy Governor, Reserve Bank of India 1I deem it a privilege to have been invited to address this gathering on a topic of tremendous relevance, focus and significance in today’s context. Needless to say, for the co-operative banks in India these are transitional times. Never before has the need for restoring customer confidence in the co-operative sector been felt so much. Never before has the issue of good governance in the co-operative banks assumed
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
by Vepa Kamesam Deputy Governor, Reserve Bank of India 1I deem it a privilege to have been invited to address this gathering on a topic of tremendous relevance, focus and significance in today’s context. Needless to say, for the co-operative banks in India these are transitional times. Never before has the need for restoring customer confidence in the co-operative sector been felt so much. Never before has the issue of good governance in the co-operative banks assumed
ਮਈ 10, 2002
India’s Foreign Exchange Reserves : Policy, Status and Issues
Mr. Chairman and friends, I am thankful to the National Council of Applied Economic Research, (NCAER) and in particular, to Dr. Suman Bery, for giving me this opportunity to make a presentation on the foreign exchange reserves. There are several reasons for speaking on this subject before this august gathering in the capital. First, the subject is receiving renewed global interest among policy makers and academicians against the backdrop of increasing globalization of
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, I am thankful to the National Council of Applied Economic Research, (NCAER) and in particular, to Dr. Suman Bery, for giving me this opportunity to make a presentation on the foreign exchange reserves. There are several reasons for speaking on this subject before this august gathering in the capital. First, the subject is receiving renewed global interest among policy makers and academicians against the backdrop of increasing globalization of
ਅਪ੍ਰੈ 22, 2002
List of Articles / Speeches Published in Reserve Bank of India Bulletin [1947-2001]
I - Articles 1. Money, prices, money supply, monetary trends, policies and credit 2. Various Aspects of Banking (including Co-operative Banking) 3. Finances of the Union and State Governments, Public Debts, etc. 4. Foreign Trade, International Finance and Balance of Payments 5. National Income, Savings, Investment and Financial Flows 6. Agricultural Production, Finance and other Aspects of Agriculture (including Co-operation) 7. Industry: Production, Finance and Relat
I - Articles 1. Money, prices, money supply, monetary trends, policies and credit 2. Various Aspects of Banking (including Co-operative Banking) 3. Finances of the Union and State Governments, Public Debts, etc. 4. Foreign Trade, International Finance and Balance of Payments 5. National Income, Savings, Investment and Financial Flows 6. Agricultural Production, Finance and other Aspects of Agriculture (including Co-operation) 7. Industry: Production, Finance and Relat
ਅਪ੍ਰੈ 19, 2002
Monetary and Financial Sector Reforms in India: A Practitioner's Perspective
Draft for Discussion For Private Circulation The objectives of this paper are to review the monetary and financial sector reforms in India, identify the emerging issues and explore the prospects for further reform. The first part is devoted to a brief background on the need for reforms taken up in 1991-92. The second part is devoted to the institutional aspects of the reform. Issues relating to ownership, competition and regulation in the financial sector as a whole,
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Draft for Discussion For Private Circulation The objectives of this paper are to review the monetary and financial sector reforms in India, identify the emerging issues and explore the prospects for further reform. The first part is devoted to a brief background on the need for reforms taken up in 1991-92. The second part is devoted to the institutional aspects of the reform. Issues relating to ownership, competition and regulation in the financial sector as a whole,
ਅਪ੍ਰੈ 18, 2002
Public Sector Banks and the Governance Challenge: Indian Experience
The objective of this paper is to detail the Indian experience in meeting the governance challenge with special reference to public sector banks (PSBs) or State-owned banks as they are described in some countries. The paper sets out the historical context of the Indian experience since the governance challenge is significantly related to the background in which state ownership emerged. This will be followed by an account of the pre-reform status encompassing the polic
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
The objective of this paper is to detail the Indian experience in meeting the governance challenge with special reference to public sector banks (PSBs) or State-owned banks as they are described in some countries. The paper sets out the historical context of the Indian experience since the governance challenge is significantly related to the background in which state ownership emerged. This will be followed by an account of the pre-reform status encompassing the polic
ਅਪ੍ਰੈ 03, 2002
Economic Reforms and Evolving Role of RBI as Banker to the Governments
Mr. Chairman, Mrs. Usha Sahajpal and friends, I am thankful to the organizers for inviting me to the Silver Jubilee Year of founding of Accounts Organisation and I recognize it as a reflection of the close cooperation and understanding that have evolved between Reserve Bank of India (RBI) as a banker to Government of India and its Accounts organisation. The title of the address refers to being banker to governments simply because RBI is a banker not only to the Centra
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman, Mrs. Usha Sahajpal and friends, I am thankful to the organizers for inviting me to the Silver Jubilee Year of founding of Accounts Organisation and I recognize it as a reflection of the close cooperation and understanding that have evolved between Reserve Bank of India (RBI) as a banker to Government of India and its Accounts organisation. The title of the address refers to being banker to governments simply because RBI is a banker not only to the Centra
ਅਪ੍ਰੈ 01, 2002
The NPA Overhang - Magnitude, Solutions, Legal Reforms
IntroductionI have readily accepted the invitation of CII for an interaction on NPAs so that the central bank can convey its concerns to those who can offer right solutions to this vexing problem and at the same time hear their view points for possible mitigation role by the central bank and government. I am thus really grateful to have been given an opportunity to talk on a subject of great interest to all who have assembled here.In fact, the problem of non performin
Shri. G.P. Muniappan, Deputy Governor, Reserve Bank of India
IntroductionI have readily accepted the invitation of CII for an interaction on NPAs so that the central bank can convey its concerns to those who can offer right solutions to this vexing problem and at the same time hear their view points for possible mitigation role by the central bank and government. I am thus really grateful to have been given an opportunity to talk on a subject of great interest to all who have assembled here.In fact, the problem of non performin
ਮਾਰਚ 21, 2002
Evolving Role of Gold – Recent Trends and Future Direction
Mr. Chairman, Mr. Tarapore, Distinguished visitors and friends,I am thankful to the World Gold Council (WGC) for inviting me to participate in this meeting on the future direction of the gold market. This is the third conference of WGC, with which I am being associated and I do notice that all of these are held in New Delhi. It shows that though Mumbai is the financial capital and a major centre for gold market in India, the directions of gold policy have been and wil
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman, Mr. Tarapore, Distinguished visitors and friends,I am thankful to the World Gold Council (WGC) for inviting me to participate in this meeting on the future direction of the gold market. This is the third conference of WGC, with which I am being associated and I do notice that all of these are held in New Delhi. It shows that though Mumbai is the financial capital and a major centre for gold market in India, the directions of gold policy have been and wil
ਮਾਰਚ 11, 2002
Developing Bond Markets in Emerging Economies : Issues and Indian Experience
Governor Dr. Tarisa Watanagase, Dean, Yoshitomi, Dr. Nachiket Mor, Mr. Joshi & friends, It gives me great pleasure to deliver the keynote address at the Asian Bond Conference organised jointly by the Thai Bond Dealing Centre (Thai BDC), Fixed Income Money Market Dealers Association of India (FIMMDA) and Primary Dealers Association of India (PDAI). It is a matter of significance that some of the major self-regulatory organisations (SROs) in the debt markets of Asia
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Governor Dr. Tarisa Watanagase, Dean, Yoshitomi, Dr. Nachiket Mor, Mr. Joshi & friends, It gives me great pleasure to deliver the keynote address at the Asian Bond Conference organised jointly by the Thai Bond Dealing Centre (Thai BDC), Fixed Income Money Market Dealers Association of India (FIMMDA) and Primary Dealers Association of India (PDAI). It is a matter of significance that some of the major self-regulatory organisations (SROs) in the debt markets of Asia
ਫ਼ਰ 11, 2002
Winning Strategies in Small and Medium Enterprises Finance
It is a matter of great pleasure for me to be present on this occasion for the inaugural address and share some of my thoughts and experiences on the development of this vital sector of economy. The IFC and FICCI need to be congratulated for the thoughtful theme selected for the symposium. The organisation of this symposium gains importance in the context of globalisation when the Small and Medium Enterprises (SME) face challenges and take advantage of opportunities c
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
It is a matter of great pleasure for me to be present on this occasion for the inaugural address and share some of my thoughts and experiences on the development of this vital sector of economy. The IFC and FICCI need to be congratulated for the thoughtful theme selected for the symposium. The organisation of this symposium gains importance in the context of globalisation when the Small and Medium Enterprises (SME) face challenges and take advantage of opportunities c
ਜਨ 23, 2002
Legal Aspects of International Financial Standards : National Law Perspective
Professor Giovanoli and friends, I am thankful to the Bank for International Settlements for giving me opportunity to make this presentation on the national law perspective, though a large number of presentations in the Seminar relate to international law. The presentation is based on Indian approach and Indian experience and focus is on processes and current status of various legislative changes that evolve in the consideration of international standards and codes. S
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Professor Giovanoli and friends, I am thankful to the Bank for International Settlements for giving me opportunity to make this presentation on the national law perspective, though a large number of presentations in the Seminar relate to international law. The presentation is based on Indian approach and Indian experience and focus is on processes and current status of various legislative changes that evolve in the consideration of international standards and codes. S
ਜਨ 17, 2002
Indian Banking of Tomorrow *
It is a proud privilege to be present at a conference which not only provides an introspection of the way things have gone by but also provides a glimpse into the near future – so that banks could plan their future course of action accordingly. I am indeed privileged to make the lead presentation on a topic close to my heart – on managing change for the better. Although my topic reads as ‘Indian Banking of tomorrow’ let me hasten to add that the tomorrow is already he
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
It is a proud privilege to be present at a conference which not only provides an introspection of the way things have gone by but also provides a glimpse into the near future – so that banks could plan their future course of action accordingly. I am indeed privileged to make the lead presentation on a topic close to my heart – on managing change for the better. Although my topic reads as ‘Indian Banking of tomorrow’ let me hasten to add that the tomorrow is already he
ਜਨ 16, 2002
Indian Banking : Paradigm Shift in Public Policy
Chairman, distinguished participants and friends,I am thankful to the organisers for inviting me to deliver this address. It is good to see that the focus on paradigm shift did not extend to shifting the traditional speaker at the Valedictory Address. Today’s address will be divided into five sections. The first section would capture the paradigm shift in the environment in the Indian banking as presented in the Conference and the deliberations as captured by the Rapp
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Chairman, distinguished participants and friends,I am thankful to the organisers for inviting me to deliver this address. It is good to see that the focus on paradigm shift did not extend to shifting the traditional speaker at the Valedictory Address. Today’s address will be divided into five sections. The first section would capture the paradigm shift in the environment in the Indian banking as presented in the Conference and the deliberations as captured by the Rapp
ਜਨ 15, 2002
India and Globalisation
This is a truly momentous occasion in the life of this Institute, its students, its teachers, and its friends. Let me begin by conveying my heartiest congratulations to the students who are receiving their degrees today. For all of them, it is a culmination of years of hard work, and a recognition of their high academic merit. All the teachers of this great Institute, who have put in so much time and effort to make this day possible, also deserve our gratitude. I woul
Dr. Bimal Jalan, Governor, Reserve Bank of India
This is a truly momentous occasion in the life of this Institute, its students, its teachers, and its friends. Let me begin by conveying my heartiest congratulations to the students who are receiving their degrees today. For all of them, it is a culmination of years of hard work, and a recognition of their high academic merit. All the teachers of this great Institute, who have put in so much time and effort to make this day possible, also deserve our gratitude. I woul
ਜਨ 15, 2002
Parameters of Monetary Policy in India
FriendsIt is a great honour to be asked to deliver an invited lecture at the annual conference of the Indian Econometric Society and I am grateful to the organisers for this opportunity. For obvious reasons, including the growing interest in monetary policy, I intend presenting before you the parameters of monetary policy in India. In the first part of this lecture, I propose to give a general overview of the parameters of monetary policy. In the second part, I would
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
FriendsIt is a great honour to be asked to deliver an invited lecture at the annual conference of the Indian Econometric Society and I am grateful to the organisers for this opportunity. For obvious reasons, including the growing interest in monetary policy, I intend presenting before you the parameters of monetary policy in India. In the first part of this lecture, I propose to give a general overview of the parameters of monetary policy. In the second part, I would
ਜਨ 14, 2002
Indian Banking and Finance: Managing New Challenges
IntroductionIn my inaugural address last year, I had indicated a vision for Indian banking in the new millennium – that of a vibrant, internationally active banking system, drawing upon its innate strengths and comparative advantages to make India a major banking centre of the world. I had pointed out then that, while it may take up to 10 or even 15 years to achieve this vision, the time to begin was now. Recent developments have only served to bring forward the urgen
Dr. Bimal Jalan, Governor, Reserve Bank of India
IntroductionIn my inaugural address last year, I had indicated a vision for Indian banking in the new millennium – that of a vibrant, internationally active banking system, drawing upon its innate strengths and comparative advantages to make India a major banking centre of the world. I had pointed out then that, while it may take up to 10 or even 15 years to achieve this vision, the time to begin was now. Recent developments have only served to bring forward the urgen
ਜਨ 14, 2002
Indian Banking : Paradigm Shift – A regulatory point of view
I am very happy to be here today in the midst of this distinguished gathering of practising bank economists. The decade gone by witnessed a wide range of financial sector reforms, with many of them still in the process of implementation. Some of the recently initiated measures by the RBI for risk management systems, anti money laundering safeguards and corporate governance in banks, and regulatory framework for non bank financial companies, urban cooperative banks, go
Shri. G.P. Muniappan, Deputy Governor, Reserve Bank of India
I am very happy to be here today in the midst of this distinguished gathering of practising bank economists. The decade gone by witnessed a wide range of financial sector reforms, with many of them still in the process of implementation. Some of the recently initiated measures by the RBI for risk management systems, anti money laundering safeguards and corporate governance in banks, and regulatory framework for non bank financial companies, urban cooperative banks, go
ਜਨ 06, 2002
Corporate Governance and Financial Sector: Some Issues
Mr. Bhide, Dr. Saha, Distinguished Chairpersons of banks, FIs, and friends,The Annual Day of the NIBM has become an important event in the Bank’s calendar that all of us look forward to, and I am glad to be with you once again. I am thankful to Mr. Bhide and the Board of the NIBM for giving me this opportunity for an exchange of views on the important subject of Corporate Governance in banks and financial institutions. This is a timely initiative as the events of last
Dr. Bimal Jalan, Governor, Reserve Bank of India
Mr. Bhide, Dr. Saha, Distinguished Chairpersons of banks, FIs, and friends,The Annual Day of the NIBM has become an important event in the Bank’s calendar that all of us look forward to, and I am glad to be with you once again. I am thankful to Mr. Bhide and the Board of the NIBM for giving me this opportunity for an exchange of views on the important subject of Corporate Governance in banks and financial institutions. This is a timely initiative as the events of last
ਦਸੰ 06, 2001
Knowledge Revolution and Social Development
It gives me great pleasure to deliver the inaugural address at the IX Economic Convention 2001 at the H.R. College of Commerce & Economics for more than one reason. First and the foremost, it provides me an opportunity to be amongst students who would add to the vast pool of knowledge workers that our economy commands. If this convention helps shape their future and add to their knowledge bank, I would be most happy to play my part. Second, I learnt that the annua
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
It gives me great pleasure to deliver the inaugural address at the IX Economic Convention 2001 at the H.R. College of Commerce & Economics for more than one reason. First and the foremost, it provides me an opportunity to be amongst students who would add to the vast pool of knowledge workers that our economy commands. If this convention helps shape their future and add to their knowledge bank, I would be most happy to play my part. Second, I learnt that the annua
ਨਵੰ 22, 2001
Corporate Governance
I am happy to be here today. I am happy to be here in this historic city of Hyderabad, which is known as the training capital of India and equally happy to be in this prestigious campus of Administrative Staff College of India, nationally acclaimed as a temple of learning and temple of training. I thank my good and esteemed friend Dr. E.A.S Sarma- a well-known administrator, intellectual, economist and academician for giving me this wonderful opportunity of addressing
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I am happy to be here today. I am happy to be here in this historic city of Hyderabad, which is known as the training capital of India and equally happy to be in this prestigious campus of Administrative Staff College of India, nationally acclaimed as a temple of learning and temple of training. I thank my good and esteemed friend Dr. E.A.S Sarma- a well-known administrator, intellectual, economist and academician for giving me this wonderful opportunity of addressing
ਨਵੰ 02, 2001
Changing Faces of Banking : Banking With Technology 1
It gives me great pleasure to be present among you and share some of my thoughts on the changes staring at bankers today and the role that technology has to play as one of the significant contributors to managing the change. I am particularly glad that I can kick start the much needed initiatives by sowing the seeds in the minds of the topmost harbingers of change in the public sector banks. And the optimal start could not be better than the facilities provided for by
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be present among you and share some of my thoughts on the changes staring at bankers today and the role that technology has to play as one of the significant contributors to managing the change. I am particularly glad that I can kick start the much needed initiatives by sowing the seeds in the minds of the topmost harbingers of change in the public sector banks. And the optimal start could not be better than the facilities provided for by
ਅਕਤੂ 26, 2001
Forex Markets in India: Some Thoughts
It gives me great pleasure to address this gathering of forex professionals from all over the country. Looking at the list of speakers from the central bank who have addressed this august assembly in the past, I find that you have opted for change by inviting the regulator/supervisor rather than the exchange rate policy maker and manager from RBI. Although I am not very certain as to why, may be the fact that I was on your side of the market till a few months ago migh
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
It gives me great pleasure to address this gathering of forex professionals from all over the country. Looking at the list of speakers from the central bank who have addressed this august assembly in the past, I find that you have opted for change by inviting the regulator/supervisor rather than the exchange rate policy maker and manager from RBI. Although I am not very certain as to why, may be the fact that I was on your side of the market till a few months ago migh
ਅਕਤੂ 03, 2001
Autonomy of the Central Bank : Changing Contours in India
Dear Dr. Saxena, distinguished faculty, respected visitors, and young friends, I am grateful to the organisers for giving me this opportunity to be here with you today to deliver the Second Foundation Day Lecture. The IIM, Indore has acquired a great standing and high stature within a short span of four years and the entire credit should go to the support rendered by all, and in particular, the devotion and dedication displayed by the faculty and students to academic
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Dear Dr. Saxena, distinguished faculty, respected visitors, and young friends, I am grateful to the organisers for giving me this opportunity to be here with you today to deliver the Second Foundation Day Lecture. The IIM, Indore has acquired a great standing and high stature within a short span of four years and the entire credit should go to the support rendered by all, and in particular, the devotion and dedication displayed by the faculty and students to academic
ਸਤੰ 22, 2001
Primary Dealers, Debt Markets and State Finances : Challenges and Responses
Mr. Joshi and friends, I am happy to be amidst you in the third of the annual Seminars organised by the Primary Dealers’ Association of India (PDAI). I wish to place on record the valuable contribution of the PDAI not only in regard to Government Securities market, but also in the consultative process in policy making in important areas in financial markets. My presence here today is a reinforcement of our collaborative efforts to enhance efficiency and assure soundne
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Joshi and friends, I am happy to be amidst you in the third of the annual Seminars organised by the Primary Dealers’ Association of India (PDAI). I wish to place on record the valuable contribution of the PDAI not only in regard to Government Securities market, but also in the consultative process in policy making in important areas in financial markets. My presence here today is a reinforcement of our collaborative efforts to enhance efficiency and assure soundne
ਸਤੰ 12, 2001
Indian Insurance : At The Crossroads
I am grateful to the New India Assurance Company Limited for inviting me to this special function organised on the occasion of launching a new financial product for credit insurance by the Honourable Union Minister of Finance. It is fitting that New India Assurance, the first insurer fully set up by Indians in 1919 and the country's largest non-life insurer today should lead the way in product innovation. All of us present here are thankful to the Honourable Finance M
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
I am grateful to the New India Assurance Company Limited for inviting me to this special function organised on the occasion of launching a new financial product for credit insurance by the Honourable Union Minister of Finance. It is fitting that New India Assurance, the first insurer fully set up by Indians in 1919 and the country's largest non-life insurer today should lead the way in product innovation. All of us present here are thankful to the Honourable Finance M
ਸਤੰ 05, 2001
Reviving Confidence in the Indian Economy
Respected Vice-Chancellor, Professor Rama Rao, distinguished academics and friends, At the outset, I would like to express my grateful thanks to Professor Rama Rao garu for giving me the privilege and honour of delivering the first Dr. S. Radhakrishnan Memorial Lecture sponsored by the University Grants Commission and being organised by the University of Hyderabad on the occasion of the Teachers’ Days this year. So much has been written and said about Dr. Sarvepalli R
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Respected Vice-Chancellor, Professor Rama Rao, distinguished academics and friends, At the outset, I would like to express my grateful thanks to Professor Rama Rao garu for giving me the privilege and honour of delivering the first Dr. S. Radhakrishnan Memorial Lecture sponsored by the University Grants Commission and being organised by the University of Hyderabad on the occasion of the Teachers’ Days this year. So much has been written and said about Dr. Sarvepalli R
ਅਗ 28, 2001
Communication Policy of the Reserve Bank of India
Mr. Green, Mr. Weetman, Mr. New and friends, I am thankful to the organisers and in particular Mr. New for giving me the honour of participating in the 150th anniversary celebrations of the Reuters Group. In all innocence, I accepted the invitation only soon to realise that there is no free lunch or free dinner in this world. I am assigned the task of inaugurating the evening and addressing the guests on this occasion. I pleaded for some draft from Reuters, though inf
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Green, Mr. Weetman, Mr. New and friends, I am thankful to the organisers and in particular Mr. New for giving me the honour of participating in the 150th anniversary celebrations of the Reuters Group. In all innocence, I accepted the invitation only soon to realise that there is no free lunch or free dinner in this world. I am assigned the task of inaugurating the evening and addressing the guests on this occasion. I pleaded for some draft from Reuters, though inf
ਜੁਲਾ 20, 2001
Credit through Co-Operatives : Some Thoughts
Let me at the outset thank the Chairman and other Executives of the National Co-operative Agricultural & Rural Development Banks’ Federation Ltd. for having invited me here today. The Federation has played a very important role in providing the members a forum for joint consultations and inputs for policy formulation since its inception in 1960. It has also been instrumental in facilitating a series of initiatives for beefing up the co-operative structure by bring
Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India
Let me at the outset thank the Chairman and other Executives of the National Co-operative Agricultural & Rural Development Banks’ Federation Ltd. for having invited me here today. The Federation has played a very important role in providing the members a forum for joint consultations and inputs for policy formulation since its inception in 1960. It has also been instrumental in facilitating a series of initiatives for beefing up the co-operative structure by bring
ਜੁਲਾ 17, 2001
Fiscal Transparency and Beyond
Mr. Chairman and friends, It has always been an extremely productive venture for me to visit Indian Merchants Chamber and interact with the gathering. The subject chosen today has special relevance at this juncture for several reasons. The Reserve Bank of India (RBI) has released a Report on Fiscal Transparency a few weeks ago and it is necessary to view it and debate it in the context of fiscal challenges and their linkages with monetary policy. The Fiscal Responsibi
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, It has always been an extremely productive venture for me to visit Indian Merchants Chamber and interact with the gathering. The subject chosen today has special relevance at this juncture for several reasons. The Reserve Bank of India (RBI) has released a Report on Fiscal Transparency a few weeks ago and it is necessary to view it and debate it in the context of fiscal challenges and their linkages with monetary policy. The Fiscal Responsibi
ਜੂਨ 29, 2001
Issues in Implementing International Financial Standards and Codes
Governor Jayawardena, Deputy Governor Wijewardena and friends, It gives me great pleasure to deliver this public lecture at the Centre for Banking Studies (CBS) of the Central Bank of Sri Lanka. It gives me greater pleasure to share the podium with Governor Jayawardena whom I greatly admire for his intellect, acumen and outstanding statesmanship. The last time I shared the same forum with him was at the Second South Asia Forex Dealers Association Conference at Hydera
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Governor Jayawardena, Deputy Governor Wijewardena and friends, It gives me great pleasure to deliver this public lecture at the Centre for Banking Studies (CBS) of the Central Bank of Sri Lanka. It gives me greater pleasure to share the podium with Governor Jayawardena whom I greatly admire for his intellect, acumen and outstanding statesmanship. The last time I shared the same forum with him was at the Second South Asia Forex Dealers Association Conference at Hydera
ਮਈ 22, 2001
Issues in Choosing Between Single and Multiple Regulators of Financial System
Respected Chairman, Dr. Patel, Dr. Isher Ahluwalia and distinguished participants. I am here in fulfillment of a promise made to Mrs.Isher Ahluwalia some time back to make a presentation at this prestigious institute. Needless to say it is a privilege to be here; and I am thankful to the organizers for giving me freedom to choose the subject of the day. My fascination for this subject is only about four yours old. Dr. Rangarajan, the then Governor deputed me to attend
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Respected Chairman, Dr. Patel, Dr. Isher Ahluwalia and distinguished participants. I am here in fulfillment of a promise made to Mrs.Isher Ahluwalia some time back to make a presentation at this prestigious institute. Needless to say it is a privilege to be here; and I am thankful to the organizers for giving me freedom to choose the subject of the day. My fascination for this subject is only about four yours old. Dr. Rangarajan, the then Governor deputed me to attend
ਮਈ 19, 2001
Globalisation and Challenges for South Asia
Mr. Chairman and friends, At the outset, I would like to pay homage to the memory of late Bishweshwar Prasad Koirala who dedicated his life to the cause of democracy, liberty, social justice and human rights. His distinguished contemporaries respectfully but affectionately described him as 'BP' and as Mr. P.V. Narasimha Rao, one of our Prime Ministers mentioned : 'BP belonged, in the truest sense, to both our peoples of India as well as of Nepal'. Another Prime Minist
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, At the outset, I would like to pay homage to the memory of late Bishweshwar Prasad Koirala who dedicated his life to the cause of democracy, liberty, social justice and human rights. His distinguished contemporaries respectfully but affectionately described him as 'BP' and as Mr. P.V. Narasimha Rao, one of our Prime Ministers mentioned : 'BP belonged, in the truest sense, to both our peoples of India as well as of Nepal'. Another Prime Minist
ਮਈ 10, 2001
Urban Co-operative Banks: Agenda for Future Reforms
It is very gratifying to note that Federation of Indian Chambers of Commerce and Industry (FICCI) as Apex representative body of Indian Trade & Commerce has evinced keen interest in Urban Co-operative Banks (UCBs), the purveyors of credit to small and medium enterprises. As urban co-operative banking sector is under focussed scrutiny of media and observers of co-operative credit movement, I feel it is very apt that organisers chose 'Reforms in urban banking sector
Shri Jagdish Capoor, Deputy Governor, Reserve Bank of India
It is very gratifying to note that Federation of Indian Chambers of Commerce and Industry (FICCI) as Apex representative body of Indian Trade & Commerce has evinced keen interest in Urban Co-operative Banks (UCBs), the purveyors of credit to small and medium enterprises. As urban co-operative banking sector is under focussed scrutiny of media and observers of co-operative credit movement, I feel it is very apt that organisers chose 'Reforms in urban banking sector
ਅਪ੍ਰੈ 27, 2001
Indian Agriculture and Reform : Concerns, Issues and Agenda
Professor Parthasarathy garu, Vice Chancellor Radhakrishna, Prof Sathyanarayana and friends. I am honoured by the fact that you have invited me to deliver the Presidential address. When the organisers first spoke to me about this lecture, I humbly submitted to Professor Parthasarathy that, in the past, many eminent personalities like Governor, Dr. Rangarajan, Professor G.S. Bhalla, Professor Vyas, Dr. K. Subba Rao and Professor Radhakrishna had delivered this address
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Professor Parthasarathy garu, Vice Chancellor Radhakrishna, Prof Sathyanarayana and friends. I am honoured by the fact that you have invited me to deliver the Presidential address. When the organisers first spoke to me about this lecture, I humbly submitted to Professor Parthasarathy that, in the past, many eminent personalities like Governor, Dr. Rangarajan, Professor G.S. Bhalla, Professor Vyas, Dr. K. Subba Rao and Professor Radhakrishna had delivered this address
ਅਪ੍ਰੈ 24, 2001
Developments in Monetary Policy and Financial Markets
I am thankful to the organisers for their perseverance in getting me to Chennai. I am using this opportunity to share with you some explanations on the Monetary and Credit Policy for 2001-02 announced last week. This is the fifth Annual Policy of Reserve Bank of India (RBI) that I have been associated with, and soon after every one of the fine statements, I had publicly articulated some explanations. The purpose has generally been to highlight elements of continuity,
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
I am thankful to the organisers for their perseverance in getting me to Chennai. I am using this opportunity to share with you some explanations on the Monetary and Credit Policy for 2001-02 announced last week. This is the fifth Annual Policy of Reserve Bank of India (RBI) that I have been associated with, and soon after every one of the fine statements, I had publicly articulated some explanations. The purpose has generally been to highlight elements of continuity,
ਮਾਰਚ 19, 2001
Financial Sector Reforms : An Update
Mr. Kohli, Mr. Krishnamurthy and friends, I am happy to be here again in this gathering of friends in the banking community on the occasion of the annual general meeting of the Indian Banks Association and Bankers Sports Board. I feel that it is more an occasion to conduct focussed business and celebrate rather than one to deliberate on policy issues. Yet as per tradition, I believe that there has to be an address by the chief guest. As a central banker, one always
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Kohli, Mr. Krishnamurthy and friends, I am happy to be here again in this gathering of friends in the banking community on the occasion of the annual general meeting of the Indian Banks Association and Bankers Sports Board. I feel that it is more an occasion to conduct focussed business and celebrate rather than one to deliberate on policy issues. Yet as per tradition, I believe that there has to be an address by the chief guest. As a central banker, one always
ਮਾਰਚ 15, 2001
Implementation of Financial Standards and Codes: Indian Perspective and Approach
In this paper it is proposed to describe the Indian perspective and approach in regard to the implementation of international financial standards and codes advocated by the Financial Stability Forum(FSF). The Indian efforts in this direction also seek to complement and support the ongoing initiatives of the G-20 aimed at encouraging implementation of standards and codes among member countries.The paper is schematized as follows. Section I explains Indias stand on glo
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
In this paper it is proposed to describe the Indian perspective and approach in regard to the implementation of international financial standards and codes advocated by the Financial Stability Forum(FSF). The Indian efforts in this direction also seek to complement and support the ongoing initiatives of the G-20 aimed at encouraging implementation of standards and codes among member countries.The paper is schematized as follows. Section I explains Indias stand on glo
ਫ਼ਰ 14, 2001
Developmental Issues in Micro Credit
ByJagdish Capoor Deputy Governor, Reserve Bank of IndiaAt Reserve Bank of India, we are keenly interested in purveyance of credit to all those who need it, more for the small borrowers and the poorest of the poor the most. Micro Credit, therefore, has been a thrust area with us though the vehicles of credit extension have been under constant evolution over a period of time. Without a supportive regulatory environment, a continuum of institutions providing micro financ
Shri Jagdish Capoor, Deputy Governor, Reserve Bank of India
ByJagdish Capoor Deputy Governor, Reserve Bank of IndiaAt Reserve Bank of India, we are keenly interested in purveyance of credit to all those who need it, more for the small borrowers and the poorest of the poor the most. Micro Credit, therefore, has been a thrust area with us though the vehicles of credit extension have been under constant evolution over a period of time. Without a supportive regulatory environment, a continuum of institutions providing micro financ
ਫ਼ਰ 09, 2001
Central Banking in the New Millennium*
Mr. Chairman Kohli, Mr. Narang and friends. I am happy to be here among bank economists to deliver the customary valedictory address of the Bank Economists Conference. I find that the subject chosen for this year is very broad and relates to the whole of the banking sector. I carefully read the papers presented at the Conference and I find the coverage to be comprehensive and analysis insightful as usual. The current year's Conference also had the benefit of special p
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman Kohli, Mr. Narang and friends. I am happy to be here among bank economists to deliver the customary valedictory address of the Bank Economists Conference. I find that the subject chosen for this year is very broad and relates to the whole of the banking sector. I carefully read the papers presented at the Conference and I find the coverage to be comprehensive and analysis insightful as usual. The current year's Conference also had the benefit of special p
ਜਨ 16, 2001
Financial Stability and the Role of Banks
IntroductionI am grateful to the Indian Banks’ Association (IBA) for extending me the opportunity to address this highly enlightened gathering of bankers and economists. Many of you might have participated in the last conference held at Bangalore in December 1998 with the theme focussed "Towards Sound and Strong Banking". That was built around the then emerging scenario of Indian financial system being exposed to competition and several reform measures initiated by th
Shri S. P. Talwar, Deputy Governor, Reserve Bank of India
IntroductionI am grateful to the Indian Banks’ Association (IBA) for extending me the opportunity to address this highly enlightened gathering of bankers and economists. Many of you might have participated in the last conference held at Bangalore in December 1998 with the theme focussed "Towards Sound and Strong Banking". That was built around the then emerging scenario of Indian financial system being exposed to competition and several reform measures initiated by th
ਜਨ 15, 2001
Banking and Finance in the New Millennium.
This is the first Bank Economists Conference in the new millennium, and the subject that you have chosen for this important conference "Indian Banking in the New Millennium" will set the tone and pace of development in the banking and financial sector for the future.2. Indias banking system has several outstanding achievements to its credit, the most striking of which is its reach. An extensive banking network has been established in the last thirty years, and India
Dr. Bimal Jalan, Governor, Reserve Bank of India
This is the first Bank Economists Conference in the new millennium, and the subject that you have chosen for this important conference "Indian Banking in the New Millennium" will set the tone and pace of development in the banking and financial sector for the future.2. Indias banking system has several outstanding achievements to its credit, the most striking of which is its reach. An extensive banking network has been established in the last thirty years, and India
ਜਨ 15, 2001
"Indias Economy in the Twenty-First Century: A New Beginning or A False Dawn"
I am grateful to Dr. Kapila Vatsayayan and Shri N.N. Vohra for inviting me to deliver the Dr. C.D.Deshmukh Memorial Lecture today. This annual Lecture in memory of one of Indias most distinguished thinkers and policy makers is a highly prestigious occasion, and one of the highlights of the India International Centre (IIC) calendar of events. When I was first asked, I must confess that I was reluctant as I was not sure whether matters which dominate my professional li
Dr. Bimal Jalan, Governor, Reserve Bank of India
I am grateful to Dr. Kapila Vatsayayan and Shri N.N. Vohra for inviting me to deliver the Dr. C.D.Deshmukh Memorial Lecture today. This annual Lecture in memory of one of Indias most distinguished thinkers and policy makers is a highly prestigious occasion, and one of the highlights of the India International Centre (IIC) calendar of events. When I was first asked, I must confess that I was reluctant as I was not sure whether matters which dominate my professional li
ਦਸੰ 07, 2000
Summary of the Welcome Remarks by Dr.Bimal Jalan, Governor, at the 11th C.D. Deshmukh Memorial Lecture
On behalf of the Reserve Bank of India and myself, I am very happy to welcome Professor Charles Goodhart to Mumbai to deliver the Eleventh C.D. Deshmukh Memorial Lecture. Prof. Goodhart’s work, both as a Central Banker and as an economic thinker, is well known and he hardly needs any introduction before this audience. Educated at Cambridge and Harvard Universities, he has held several high academic positions, and is at present the Norman Sosnow Profesor of Banking and
Dr. Bimal Jalan, Governor, Reserve Bank of India
On behalf of the Reserve Bank of India and myself, I am very happy to welcome Professor Charles Goodhart to Mumbai to deliver the Eleventh C.D. Deshmukh Memorial Lecture. Prof. Goodhart’s work, both as a Central Banker and as an economic thinker, is well known and he hardly needs any introduction before this audience. Educated at Cambridge and Harvard Universities, he has held several high academic positions, and is at present the Norman Sosnow Profesor of Banking and
ਦਸੰ 04, 2000
Development and Management of Forex Markets : A Central Banking Perspective
Mr. Venkataraman, distinguished guests and friends, I am thankful to the Forex Association of India for inviting me to this Session of the 21st Asia Pacific Forex Congress. I would like to add a special word of welcome to the delegates from Asia and the Pacific regions to Delhi to participate in this Congress. For us, this is a very special occasion as India, I believe, has a lot to learn from the experience of countries in our region in the proper development and man
Dr. Bimal Jalan, Governor, Reserve Bank of India
Mr. Venkataraman, distinguished guests and friends, I am thankful to the Forex Association of India for inviting me to this Session of the 21st Asia Pacific Forex Congress. I would like to add a special word of welcome to the delegates from Asia and the Pacific regions to Delhi to participate in this Congress. For us, this is a very special occasion as India, I believe, has a lot to learn from the experience of countries in our region in the proper development and man
ਨਵੰ 24, 2000
Pension System in India : A Central Bankers Perspective
Mr. Chairman and friends, At the outset I wish to compliment the Asian Development Bank Institute and others who are sponsoring this policy Conference. The Conference is rightly addressing the policy issues as well as practical skills involved in examining and improving the pension systems in South Asian countries. The approach of enabling of sharing of experiences and views among South Asian countries and, with multilateral institutions is commendable. My comments to
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, At the outset I wish to compliment the Asian Development Bank Institute and others who are sponsoring this policy Conference. The Conference is rightly addressing the policy issues as well as practical skills involved in examining and improving the pension systems in South Asian countries. The approach of enabling of sharing of experiences and views among South Asian countries and, with multilateral institutions is commendable. My comments to
ਨਵੰ 24, 2000
Fiscal Reforms at State-level : Review and Prospects
Mr. Chairman and friends, I must compliment the organisers of this conclave for choosing a subject of vital importance to our economy and society and, making excellent arrangements for a comprehensive but focussed discussion. This is a good opportunity to present Reserve Bank of India’s (RBI) perspectives on fiscal reforms at State level. The presentation is divided into five parts, viz. role of RBI in the State finances; review of fiscal reform effort; changing role
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, I must compliment the organisers of this conclave for choosing a subject of vital importance to our economy and society and, making excellent arrangements for a comprehensive but focussed discussion. This is a good opportunity to present Reserve Bank of India’s (RBI) perspectives on fiscal reforms at State level. The presentation is divided into five parts, viz. role of RBI in the State finances; review of fiscal reform effort; changing role
ਨਵੰ 16, 2000
Government Budgets, Banking and Auditors: What is New?
Mr. Chairman and friends,I am thankful to the organisers for persuading me to address this gathering since the event has provoked me to think deeper on a subject of mutual interest. In fact, having agreed to give a talk, the search for an appropriate subject commenced. It has to be futuristic as demanded by the organisers. It ought to be of general interest and at the same time relevant to a gathering of Chartered Accountants. Of course it can not but be an area of co
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends,I am thankful to the organisers for persuading me to address this gathering since the event has provoked me to think deeper on a subject of mutual interest. In fact, having agreed to give a talk, the search for an appropriate subject commenced. It has to be futuristic as demanded by the organisers. It ought to be of general interest and at the same time relevant to a gathering of Chartered Accountants. Of course it can not but be an area of co
ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ ਮੋਬਾਈਲ ਐਪਲੀਕੇਸ਼ਨ ਇੰਸਟਾਲ ਕਰੋ ਅਤੇ ਨਵੀਨਤਮ ਖਬਰਾਂ ਤੱਕ ਤੇਜ਼ ਐਕਸੈਸ ਪ੍ਰਾਪਤ ਕਰੋ!
ਪੇਜ ਅੰਤਿਮ ਅੱਪਡੇਟ ਦੀ ਤਾਰੀਖ: ਜੁਲਾਈ 12, 2024
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