Speeches - ਆਰਬੀਆਈ - Reserve Bank of India
Speeches & Interviews
Speeches & Media Interactions
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor June 07, 2024
Speeches
ਸਤੰ 04, 2012
Basel III in International and Indian Contexts Ten Questions We Should Know the Answers For
For the fourth year on a trot, you have extended me the privilege of inaugurating this annual FICCI-IBA conference. Involving as it does leaders from the corporate and banking sectors, this conference has emerged as an important forum for discussing major policy issues. Naturally, I attach a lot of value to speaking from this platform. Thank you for this opportunity. 2. Later this month, we will be marking the fourth anniversary of the collapse of Lehman Brothers whic
Dr. D. Subbarao, Governor, Reserve Bank of India
For the fourth year on a trot, you have extended me the privilege of inaugurating this annual FICCI-IBA conference. Involving as it does leaders from the corporate and banking sectors, this conference has emerged as an important forum for discussing major policy issues. Naturally, I attach a lot of value to speaking from this platform. Thank you for this opportunity. 2. Later this month, we will be marking the fourth anniversary of the collapse of Lehman Brothers whic
ਸਤੰ 03, 2012
CRR is a cost, manage it: Chakrabarty tells SBI
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
ਅਗ 31, 2012
Economic and Financial Developments in Uttarakhand
I thank Professor Murthy for inviting me to share my thoughts with a young audience in an institution which has a formidable reputation in agricultural research as having pioneered the “Green Revolution”. In my talk today, I propose to briefly outline the economic and financial structure of the State as well as highlight various financial inclusion initiatives taken by the Reserve Bank. I will then indicate a few policy challenges in sustaining the growth momentum. I
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Professor Murthy for inviting me to share my thoughts with a young audience in an institution which has a formidable reputation in agricultural research as having pioneered the “Green Revolution”. In my talk today, I propose to briefly outline the economic and financial structure of the State as well as highlight various financial inclusion initiatives taken by the Reserve Bank. I will then indicate a few policy challenges in sustaining the growth momentum. I
ਅਗ 29, 2012
India in a Globalizing World : Some Policy Dilemmas
Dr. D. Subbarao, Governor, Reserve Bank of India
ਅਗ 28, 2012
Perspectives on Risk and Governance
Mr. P R Ramesh, Chairman, Deloitte, Dr. Vikram Kuriyan, Director of the Investment Centre, Indian School of Business, Ms. Usha Thorat and Mr. V S Das, my erstwhile colleagues from Reserve Bank and other delegates. It is a pleasure for me to interact with you all, today at this Summit. 2. The theme of the Summit revolves around risk and governance, the two terms which are being looked at by policy makers with renewed interest and a fresh perspective in the aftermath of
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Mr. P R Ramesh, Chairman, Deloitte, Dr. Vikram Kuriyan, Director of the Investment Centre, Indian School of Business, Ms. Usha Thorat and Mr. V S Das, my erstwhile colleagues from Reserve Bank and other delegates. It is a pleasure for me to interact with you all, today at this Summit. 2. The theme of the Summit revolves around risk and governance, the two terms which are being looked at by policy makers with renewed interest and a fresh perspective in the aftermath of
ਅਗ 28, 2012
India’s Post-Crisis Macroeconomic Challenges
I thank Professor Aditi Abhyankar for the opportunity for being a part of such a distinguished panel and share my thoughts with the young audience. As the future of the country, you have a great stake in the performance of our economy in a globalised world: the opportunity it provides, the promise it holds and the challenges we face. Therefore, the focus of my talk today is on the recent macroeconomic performance of the Indian economy. As you know the Indian economy e
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Professor Aditi Abhyankar for the opportunity for being a part of such a distinguished panel and share my thoughts with the young audience. As the future of the country, you have a great stake in the performance of our economy in a globalised world: the opportunity it provides, the promise it holds and the challenges we face. Therefore, the focus of my talk today is on the recent macroeconomic performance of the Indian economy. As you know the Indian economy e
ਅਗ 24, 2012
Turmoil in Global Economy: The Indian Perspective
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
ਅਗ 20, 2012
Goa to Goa- Changed contours of the Indian Forex Markets- New realities and Priorities
It is indeed an honour to once again address the top professionals in the Indian forex market. It is exactly 15 years since Dr Y V Reddy, the then RBI Deputy Governor, heralded the beginning of a true forex market in India in this city through what has become famous as the "Goa Speech". Clearly the attempt of Dr Reddy that day, and I was present in the front row of the audience, was to drive home some rationale and sanity into the participating audience. The market to
Shri G Padmanabhan, Executive Director, Reserve Bank of India
It is indeed an honour to once again address the top professionals in the Indian forex market. It is exactly 15 years since Dr Y V Reddy, the then RBI Deputy Governor, heralded the beginning of a true forex market in India in this city through what has become famous as the "Goa Speech". Clearly the attempt of Dr Reddy that day, and I was present in the front row of the audience, was to drive home some rationale and sanity into the participating audience. The market to
ਅਗ 20, 2012
Economic and Financial Developments in Odisha
I thank Shri Bijoy Ketan Mishra for inviting me to address this distinguished gathering. I am happy that The Political and Business Daily has chosen to highlight the role of banking in Odisha’s development. In the development of the financial sector, banks have a pivotal role. Finance leads growth and economic progress follows. As you know, the Reserve Bank has been actively engaged in the development of the financial sector. However, we have stepped up our efforts in
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Shri Bijoy Ketan Mishra for inviting me to address this distinguished gathering. I am happy that The Political and Business Daily has chosen to highlight the role of banking in Odisha’s development. In the development of the financial sector, banks have a pivotal role. Finance leads growth and economic progress follows. As you know, the Reserve Bank has been actively engaged in the development of the financial sector. However, we have stepped up our efforts in
ਅਗ 13, 2012
Corporate Debt Restructuring- Issues and Way Forward
Ms. Soundara Kumar, Deputy Managing Director, State Bank of India, Mr. Siby Anthony, Managing Director & CEO, Edelweiss Asset Reconstruction Co. Ltd., Mr. R. Sundaram, President (Finance) & Company Secretary, Indo Count Industries Limited, Mr. T.R Madhavan, Executive Chairman, Centrum Group, and, seated in front of the dais, Mr. Chandir Gidwani , Promoter, Centrum Group, other distinguished guests, members of the print and electronic media, ladies and gentleme
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Ms. Soundara Kumar, Deputy Managing Director, State Bank of India, Mr. Siby Anthony, Managing Director & CEO, Edelweiss Asset Reconstruction Co. Ltd., Mr. R. Sundaram, President (Finance) & Company Secretary, Indo Count Industries Limited, Mr. T.R Madhavan, Executive Chairman, Centrum Group, and, seated in front of the dais, Mr. Chandir Gidwani , Promoter, Centrum Group, other distinguished guests, members of the print and electronic media, ladies and gentleme
ਅਗ 07, 2012
The First Mile Walk into Financial Inclusion – Thinking Differently
Mrs. Naina Lal Kidwai, Vice President, FICCI and Country Head, HSBC India; Dr. Amiya Sharma, Chair, Sa-Dhan; Mr. Mathew Titus, Executive Director, Sa-Dhan, delegates to this Financial Inclusion Conference organized by FICCI and Sa-Dhan, ladies and gentlemen. I am pleased to be here with you all for the Financial Inclusion Conference 2012 that is being organized jointly by Sa-Dhan and FICCI. The theme this year “The First Mile Walk into Financial Inclusion” is both inn
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mrs. Naina Lal Kidwai, Vice President, FICCI and Country Head, HSBC India; Dr. Amiya Sharma, Chair, Sa-Dhan; Mr. Mathew Titus, Executive Director, Sa-Dhan, delegates to this Financial Inclusion Conference organized by FICCI and Sa-Dhan, ladies and gentlemen. I am pleased to be here with you all for the Financial Inclusion Conference 2012 that is being organized jointly by Sa-Dhan and FICCI. The theme this year “The First Mile Walk into Financial Inclusion” is both inn
ਅਗ 03, 2012
Indian Payment and Settlement Systems Responsible Innovation and Regulation
First of all, my thanks to the management of IDRBT for inviting me to this eighth edition of the IDRBT Banking Technology Awards function. Financial Innovation in the Context of the Crisis 2. We are gathered here today to recognise and celebrate financial innovation. If we take a long sweep of history, there is no doubt that innovation has contributed to enhancing the quantum, quality and reach of financial intermediation. In recent years though, financial innovation
Dr. D. Subbarao, Governor, Reserve Bank of India
First of all, my thanks to the management of IDRBT for inviting me to this eighth edition of the IDRBT Banking Technology Awards function. Financial Innovation in the Context of the Crisis 2. We are gathered here today to recognise and celebrate financial innovation. If we take a long sweep of history, there is no doubt that innovation has contributed to enhancing the quantum, quality and reach of financial intermediation. In recent years though, financial innovation
ਜੁਲਾ 30, 2012
Managing currency risk in the new normal
Ladies and Gentlemen, I am happy to be here today and share with you my perspectives on this interesting theme of the Seminar. It does take a lot of courage to coin anything as "normal' these days. What is ‘New Normal’? Mr. Mohamed El-Erian and Mr. Bill Gross of Pacific Investment Management Company (PIMCO)coined the phrase ‘New Normal’ during early 2009 that basically signifies a downward shift in potential growth of the advanced economies post-crisis and the consequ
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Ladies and Gentlemen, I am happy to be here today and share with you my perspectives on this interesting theme of the Seminar. It does take a lot of courage to coin anything as "normal' these days. What is ‘New Normal’? Mr. Mohamed El-Erian and Mr. Bill Gross of Pacific Investment Management Company (PIMCO)coined the phrase ‘New Normal’ during early 2009 that basically signifies a downward shift in potential growth of the advanced economies post-crisis and the consequ
ਜੁਲਾ 23, 2012
Issues and Challenges in Financial Inclusion: Policies, Partnerships, Processes & Products
It is a great pleasure to be in the midst of such a galaxy of eminent civil servants, serving and retired, academics and corporate citizens associated with the Indian Institute of Public Administration (IIPA). IIPA was established in the year 1954 to undertake academic activities to enhance the leadership qualities and managerial capabilities. The idea is to build capacity for good governance and create mechanism for efficient delivery of public goods and welfare supp
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
It is a great pleasure to be in the midst of such a galaxy of eminent civil servants, serving and retired, academics and corporate citizens associated with the Indian Institute of Public Administration (IIPA). IIPA was established in the year 1954 to undertake academic activities to enhance the leadership qualities and managerial capabilities. The idea is to build capacity for good governance and create mechanism for efficient delivery of public goods and welfare supp
ਜੁਲਾ 19, 2012
Small is still Beautiful and Competitive – Reflections on the Growth of Micro, Small and Medium Enterprises (MSMEs) in India
Mr. Partha Chatterjee, Hon’ble Minister in Charge, Department of Commerce and Industries, Government of West Bengal, Dr. Manas Ranjan Bhunia, Hon’ble Minister in Charge, Department of Micro and Small Scale Enterprises and Textiles, Government of West Bengal, Dr. Rajeev Singh, Director General, Indian Chamber of Commerce, Kolkata, and other distinguished invitees. I am indeed happy to be a part of this national conference. 2. This conference is very timely for several
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Mr. Partha Chatterjee, Hon’ble Minister in Charge, Department of Commerce and Industries, Government of West Bengal, Dr. Manas Ranjan Bhunia, Hon’ble Minister in Charge, Department of Micro and Small Scale Enterprises and Textiles, Government of West Bengal, Dr. Rajeev Singh, Director General, Indian Chamber of Commerce, Kolkata, and other distinguished invitees. I am indeed happy to be a part of this national conference. 2. This conference is very timely for several
ਜੁਲਾ 19, 2012
Remembering Dr. I G Patel
1. There are many privileges of being the Governor. Among them is releasing the books by former Governors. It is a privilege to which I attach a lot of value, something which I prize. Newton 2. Because the occasion demands it, I must repeat what I said at the Reserve Bank’s Platinum Jubilee. 3. Those of you who have had some exposure to the history of science would know that Sir Isaac Newton was an intellectually arrogant man. When his friend and rival, Robert Hooke w
Dr. D. Subbarao, Governor, Reserve Bank of India
1. There are many privileges of being the Governor. Among them is releasing the books by former Governors. It is a privilege to which I attach a lot of value, something which I prize. Newton 2. Because the occasion demands it, I must repeat what I said at the Reserve Bank’s Platinum Jubilee. 3. Those of you who have had some exposure to the history of science would know that Sir Isaac Newton was an intellectually arrogant man. When his friend and rival, Robert Hooke w
ਜੁਲਾ 18, 2012
On Leadership Skills
I thank the students of Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai for inviting me to this Seminar, aptly titled “The CATALYST”. For me, being here, in my Alma Mater, is special, and being the Chief Guest today is therefore doubly special. I am also happy to be sharing with you my thoughts on a subject, which has been close to my heart: Leadership. I remember having studied Transformational Leadership and its Impact on Organisational Climate and Un
Shri V.S. Das, Executive Director, Reserve Bank of India
I thank the students of Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai for inviting me to this Seminar, aptly titled “The CATALYST”. For me, being here, in my Alma Mater, is special, and being the Chief Guest today is therefore doubly special. I am also happy to be sharing with you my thoughts on a subject, which has been close to my heart: Leadership. I remember having studied Transformational Leadership and its Impact on Organisational Climate and Un
ਜੁਲਾ 17, 2012
Statistics in the Reserve Bank of India
Governor Dr. Subbarao, Prof. R. Radhakrishna, Chairman, National Statistical Commission, Dr. Aurel Schubert, Director General, Statistics Department, European Central Bank (ECB), Deputy Governor Dr. Subir Gokarn; other distinguished speakers Prof. J.R. Varma, IIM Ahmedabad, Prof. Probal Chaudhuri, ISI Kolkata and Prof. Amit Bubna, ISB, Hyderabad; Deputy Governors, colleague Executive Directors, distinguished guests from the financial sector and academia, members of th
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
Governor Dr. Subbarao, Prof. R. Radhakrishna, Chairman, National Statistical Commission, Dr. Aurel Schubert, Director General, Statistics Department, European Central Bank (ECB), Deputy Governor Dr. Subir Gokarn; other distinguished speakers Prof. J.R. Varma, IIM Ahmedabad, Prof. Probal Chaudhuri, ISI Kolkata and Prof. Amit Bubna, ISB, Hyderabad; Deputy Governors, colleague Executive Directors, distinguished guests from the financial sector and academia, members of th
ਜੁਲਾ 17, 2012
Statistics and Statistical Analysis in RBI’s Work
Statistics Day at RBI The Statistics Day Conference, held to honour the memory of that doyen of statistics, the late Prof. P. C. Mahalanobis, has become an important event in the Reserve Bank’s annual calendar. Since statistical analysis is a critical input for the Reserve Bank to deliver on its mandate, we have found this annual conference to be a very valuable learning experience. 2. I want to acknowledge the presence here of several leading experts in statistical a
Dr. D. Subbarao, Governor, Reserve Bank of India
Statistics Day at RBI The Statistics Day Conference, held to honour the memory of that doyen of statistics, the late Prof. P. C. Mahalanobis, has become an important event in the Reserve Bank’s annual calendar. Since statistical analysis is a critical input for the Reserve Bank to deliver on its mandate, we have found this annual conference to be a very valuable learning experience. 2. I want to acknowledge the presence here of several leading experts in statistical a
ਜੁਲਾ 16, 2012
Issues in IT Governance
Smt. Meena Hemchandra, Principal CAB, members of CAB faculty and participants; wish you all a very good morning. I thank the Principal for the privilege given to me to address this gathering of CTOs and CIOs of banks, who are responsible for managing information, the most valuable resource for banks today. It is indeed appreciable and thoughtful of the CAB to organize a programme with a theme which has great contemporary relevance. Emergence of Corporate Governance 2.
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Smt. Meena Hemchandra, Principal CAB, members of CAB faculty and participants; wish you all a very good morning. I thank the Principal for the privilege given to me to address this gathering of CTOs and CIOs of banks, who are responsible for managing information, the most valuable resource for banks today. It is indeed appreciable and thoughtful of the CAB to organize a programme with a theme which has great contemporary relevance. Emergence of Corporate Governance 2.
ਜੁਲਾ 13, 2012
Global Convergence of Banking Regulations and its impact on Indian Banking System
I am very happy to be here to address the Bankers Club at Raipur. Chhattisgarh is a fast developing state and the banking system here has to play its role in ushering in economic growth of the state. The outreach programme in which I participated yesterday at Makanpur was an eye opener for me regarding the active role played by the banks towards this direction. Global Financial Crisis – A curtain raiser 2. As we are passing through difficult but challenging times as f
Shri G Padmanabhan, Executive Director, Reserve Bank of India
I am very happy to be here to address the Bankers Club at Raipur. Chhattisgarh is a fast developing state and the banking system here has to play its role in ushering in economic growth of the state. The outreach programme in which I participated yesterday at Makanpur was an eye opener for me regarding the active role played by the banks towards this direction. Global Financial Crisis – A curtain raiser 2. As we are passing through difficult but challenging times as f
ਜੁਲਾ 12, 2012
Issues and Challenges in Financial Inclusion : Policies, Partnerships, Processes and Products
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
ਜੁਲਾ 12, 2012
Agricultural Credit - Accomplishments and Challenges
I am delighted to be a part of NABARD’s celebrations of its completion of thirty years. This is a special occasion for NABARD, of course; but also a special occasion for the Reserve Bank, for NABARD was incubated in the Reserve Bank before it rolled out as an independent development financial institution in 1982. The bondage between our two institutions has not only remained strong but is getting stronger. We share a common goal - of furthering inclusive growth. We al
Dr. D. Subbarao, Governor, Reserve Bank of India
I am delighted to be a part of NABARD’s celebrations of its completion of thirty years. This is a special occasion for NABARD, of course; but also a special occasion for the Reserve Bank, for NABARD was incubated in the Reserve Bank before it rolled out as an independent development financial institution in 1982. The bondage between our two institutions has not only remained strong but is getting stronger. We share a common goal - of furthering inclusive growth. We al
ਜੁਲਾ 11, 2012
Launch of the OTC Derivatives Trade Repository
We are gathered here to mark the launch of the OTC Derivatives Trade Repository. As you know, in the aftermath of the US sub-prime crisis, improving transparency and reducing counterparty risk in OTC derivatives transactions have been two principal themes of discourse in the context of helping create a robust financial market architecture. This would not only reduce the possibility of recurrence of such a crisis in future but also contain the fallout and facilitate ti
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
We are gathered here to mark the launch of the OTC Derivatives Trade Repository. As you know, in the aftermath of the US sub-prime crisis, improving transparency and reducing counterparty risk in OTC derivatives transactions have been two principal themes of discourse in the context of helping create a robust financial market architecture. This would not only reduce the possibility of recurrence of such a crisis in future but also contain the fallout and facilitate ti
ਜੁਲਾ 04, 2012
Touching Hearts and Spreading Smiles
I am deeply touched by the invitation to deliver this oration as part of Indian Overseas Bank’s Platinum Jubilee celebrations. I know that some very distinguished people have given orations in this series, and it is an honour for me to add my name to that very select list. IOB - Origins and Legacy 2. At the outset, my congratulations to the CMD Shri Narendra, all the officers and staff of IOB on this very special occasion. I browsed through the history of IOB and am s
Dr. D. Subbarao, Governor, Reserve Bank of India
I am deeply touched by the invitation to deliver this oration as part of Indian Overseas Bank’s Platinum Jubilee celebrations. I know that some very distinguished people have given orations in this series, and it is an honour for me to add my name to that very select list. IOB - Origins and Legacy 2. At the outset, my congratulations to the CMD Shri Narendra, all the officers and staff of IOB on this very special occasion. I browsed through the history of IOB and am s
ਜੁਲਾ 03, 2012
IT and Governance in Banks - Some thoughts
Shri Sambamurthy, Director, IDRBT; Shri Prabhakar, Chairman and Managing Director, Andhra Bank, Shri Rao, Managing Director, SBH, Shri Siva Kumar, member of faculty, IDRBT, distinguished fellows of IDRBT; other members of the faculty; and directors on the Boards of banks. Wish you all a very good morning. 2. Independent directors are looked upon by both the stakeholders and regulators as important contributors to the value additive and ethically positive oversight of
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Shri Sambamurthy, Director, IDRBT; Shri Prabhakar, Chairman and Managing Director, Andhra Bank, Shri Rao, Managing Director, SBH, Shri Siva Kumar, member of faculty, IDRBT, distinguished fellows of IDRBT; other members of the faculty; and directors on the Boards of banks. Wish you all a very good morning. 2. Independent directors are looked upon by both the stakeholders and regulators as important contributors to the value additive and ethically positive oversight of
ਜੂਨ 28, 2012
ICT Based Financial Inclusion - Carving a New path through Innovation
Shri N. Chandrasekaran, Chairman-CII BANKing TECH Summit 2012 and CEO & Managing Director, Tata Consultancy Services Ltd; Shri Pratip Chaudhuri, Chairman, State Bank of India; Shri Pradeep Bhargava, Chairman – CII Western Region; Mr. Manoj K. Kashyap, Executive Director, Pricewaterhouse Coopers Pvt. Ltd.; Mr. Dev Ranjan Mukherjee, Director, CII; distinguished guests, ladies and gentlemen. 2. When the financial sector is going through perhaps the most chequered pha
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri N. Chandrasekaran, Chairman-CII BANKing TECH Summit 2012 and CEO & Managing Director, Tata Consultancy Services Ltd; Shri Pratip Chaudhuri, Chairman, State Bank of India; Shri Pradeep Bhargava, Chairman – CII Western Region; Mr. Manoj K. Kashyap, Executive Director, Pricewaterhouse Coopers Pvt. Ltd.; Mr. Dev Ranjan Mukherjee, Director, CII; distinguished guests, ladies and gentlemen. 2. When the financial sector is going through perhaps the most chequered pha
ਜੂਨ 27, 2012
Price Stability and Financial Stability An Emerging Market Perspective
“A system of credit which has slowly grown up as years went on, which has suited itself to the course of business, which has forced itself on the habits of men, will not be altered because theorists disapprove of it, or because books are written against it.” Walter Bagehot, Lombard Street,1873. It is indeed an honour for me to be addressing the distinguished members of the Board of Directors and Senior Management of the Central Bank of Nigeria. I thank Governor Sanusi
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
“A system of credit which has slowly grown up as years went on, which has suited itself to the course of business, which has forced itself on the habits of men, will not be altered because theorists disapprove of it, or because books are written against it.” Walter Bagehot, Lombard Street,1873. It is indeed an honour for me to be addressing the distinguished members of the Board of Directors and Senior Management of the Central Bank of Nigeria. I thank Governor Sanusi
ਜੂਨ 20, 2012
Responsible Innovation in Finance
Ladies and gentlemen, 1. C' est en effet un honneur et un privilège d'être ici ce soir, dans une des plus belles villes du monde, d'accepter au nom de l'une des Banques centrales les plus respectées du monde le prix Dufrenoy de l'Innovation décerné pour l'année 2012, à la Reserve Bank of India (pour nos calibrage politique dans le règlement des produits financiers). Je remercie tous ceux qui ont contribue a nous choisir pour cet honneur. Maintenant avant que l’on me d
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Ladies and gentlemen, 1. C' est en effet un honneur et un privilège d'être ici ce soir, dans une des plus belles villes du monde, d'accepter au nom de l'une des Banques centrales les plus respectées du monde le prix Dufrenoy de l'Innovation décerné pour l'année 2012, à la Reserve Bank of India (pour nos calibrage politique dans le règlement des produits financiers). Je remercie tous ceux qui ont contribue a nous choisir pour cet honneur. Maintenant avant que l’on me d
ਜੂਨ 19, 2012
India - Macroeconomic Situation Assessment and Prospects
Dr. D. Subbarao, Governor, Reserve Bank of India
ਜੂਨ 08, 2012
Financial Inclusion - A Update
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
ਜੂਨ 06, 2012
Exploring the challenge of financial education across emerging economies
Mr. James Crabtree, Chief Mumbai Correspondent, Financial Times, Mr. Uttam Nayak, Group Country Manager, South Asia, Visa Inc, Mr. Thomas Davenport, Director, South Asia, IFC, Ms. Nirupama Soundararajan, Additional Director, FICCI, Ms. Jayshree Vyas, Managing Director, SEWA Bank, distinguished guests, members of the press, ladies and gentlemen. It is my pleasure to be present here today to address this august gathering to deliberate on the challenge of financial educa
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. James Crabtree, Chief Mumbai Correspondent, Financial Times, Mr. Uttam Nayak, Group Country Manager, South Asia, Visa Inc, Mr. Thomas Davenport, Director, South Asia, IFC, Ms. Nirupama Soundararajan, Additional Director, FICCI, Ms. Jayshree Vyas, Managing Director, SEWA Bank, distinguished guests, members of the press, ladies and gentlemen. It is my pleasure to be present here today to address this august gathering to deliberate on the challenge of financial educa
ਜੂਨ 04, 2012
Human Resource Management in Banks – Need for a new perspective
Shri Alok Misra, CMD, Bank of India, Dr. K. Ramakrishnan, Chief Executive, Indian Banks Association, CMDs and EDs of Public Sector Banks, fellow bankers, external consultants, members of the press and distinguished guests. I thank you for inviting me to this conference. 2. I am happy to note that a conference focusing exclusively on HR issues is being organized by Public Sector Banks. I understand that the conference is being organized at the instance of the Governmen
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri Alok Misra, CMD, Bank of India, Dr. K. Ramakrishnan, Chief Executive, Indian Banks Association, CMDs and EDs of Public Sector Banks, fellow bankers, external consultants, members of the press and distinguished guests. I thank you for inviting me to this conference. 2. I am happy to note that a conference focusing exclusively on HR issues is being organized by Public Sector Banks. I understand that the conference is being organized at the instance of the Governmen
ਅਪ੍ਰੈ 27, 2012
Strengthening Governance in Microfinance Institutions (MFIs) - Some Random Thoughts
Thank you for inviting me to deliver the keynote address at this microfinance workshop. Microfinance is currently at the centre of intense policy debate, especially, in the context of governance and regulatory oversight related issues. The current workshop which focuses the deliberations on governance issues in microfinance is, therefore, quite timely as well as contextually relevant. I congratulate the organisers on their choice of subject for this workshop and hope
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Thank you for inviting me to deliver the keynote address at this microfinance workshop. Microfinance is currently at the centre of intense policy debate, especially, in the context of governance and regulatory oversight related issues. The current workshop which focuses the deliberations on governance issues in microfinance is, therefore, quite timely as well as contextually relevant. I congratulate the organisers on their choice of subject for this workshop and hope
ਅਪ੍ਰੈ 24, 2012
Remarks by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India in a Panel Discussion on Financial Literacy and Consumer Protection, Washington, DC, on April 22, 2012
• Globally, the triad of Financial Inclusion, Financial Literacy and Consumer Protection has been recognized as intertwining threads in pursuit of Financial Stability. For any kind of stability, whether financial, economic, political or social, inclusive growth is an essential prerequisite. Inclusive growth, in turn, is largely driven by financial inclusion and an inclusive financial system. Financial Inclusion and Literacy • Financial Inclusion and financial literacy
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
• Globally, the triad of Financial Inclusion, Financial Literacy and Consumer Protection has been recognized as intertwining threads in pursuit of Financial Stability. For any kind of stability, whether financial, economic, political or social, inclusive growth is an essential prerequisite. Inclusive growth, in turn, is largely driven by financial inclusion and an inclusive financial system. Financial Inclusion and Literacy • Financial Inclusion and financial literacy
ਅਪ੍ਰੈ 13, 2012
Enabling Affordable Housing for All – Issues & Challenges
1. It is a pleasure to address such a distinguished gathering of delegates at the international conference and the well-known experts from the sector who have assembled here. It is my pleasure to be here not only as a representative of the Reserve Bank of India but also as a member of the Board of the National Housing Bank (NHB). Over the years, the Reserve Bank and the NHB have committed to the cause of improving the condition of the Indian housing sector considering
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
1. It is a pleasure to address such a distinguished gathering of delegates at the international conference and the well-known experts from the sector who have assembled here. It is my pleasure to be here not only as a representative of the Reserve Bank of India but also as a member of the Board of the National Housing Bank (NHB). Over the years, the Reserve Bank and the NHB have committed to the cause of improving the condition of the Indian housing sector considering
ਅਪ੍ਰੈ 12, 2012
Empowering the Growth of Emerging Enterprises
Shri Bodhisatva Ganguli, Deputy Executive Editor, The Economic Times, Shri Pramit Jhaveri, CEO, Citibank India, Ms. Paromita Chatterjee, Senior Editor, ET Now, Mr. Venu Srinivasan, Chairman, TVS Motor Company Ltd., Dr. Swati Piramal, Director – Strategic Alliances and Communications, Piramal Healthcare Ltd., distinguished panelists, other distinguished guests, members of the print and electronic media, ladies and gentlemen. 2. At the outset, I would like to congratula
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri Bodhisatva Ganguli, Deputy Executive Editor, The Economic Times, Shri Pramit Jhaveri, CEO, Citibank India, Ms. Paromita Chatterjee, Senior Editor, ET Now, Mr. Venu Srinivasan, Chairman, TVS Motor Company Ltd., Dr. Swati Piramal, Director – Strategic Alliances and Communications, Piramal Healthcare Ltd., distinguished panelists, other distinguished guests, members of the print and electronic media, ladies and gentlemen. 2. At the outset, I would like to congratula
ਅਪ੍ਰੈ 11, 2012
Musings on FEDAI, Forex Market and Indian Rupee
1. Dr. T V Nagendra Prasad, Charge d’ Affairs, Embassy of India, Mr. Phillipe Welti, former Ambassador of Switzerland to India & Bhutan, Mr. Beat Siegenthaler, Executive Director, UBS, Ms. Varsha Vasant Purandare, Chairperson, Foreign Exchange Dealers Association of India (FEDAI), Mr. D. G. Patwardhan, Chief Executive Officer, FEDAI, Mr. N. S. Venkatesh, Chairman, The Fixed Income Money Market and Derivatives Association of India (FIMMDA), Mr. C.E.S Azariah, Chief
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
1. Dr. T V Nagendra Prasad, Charge d’ Affairs, Embassy of India, Mr. Phillipe Welti, former Ambassador of Switzerland to India & Bhutan, Mr. Beat Siegenthaler, Executive Director, UBS, Ms. Varsha Vasant Purandare, Chairperson, Foreign Exchange Dealers Association of India (FEDAI), Mr. D. G. Patwardhan, Chief Executive Officer, FEDAI, Mr. N. S. Venkatesh, Chairman, The Fixed Income Money Market and Derivatives Association of India (FIMMDA), Mr. C.E.S Azariah, Chief
ਅਪ੍ਰੈ 09, 2012
Learning from the Crisis
On behalf of the Reserve Bank, I have great pleasure in welcoming Professor Michael D. Bordo who will shortly be delivering the fourth P. R. Brahmananda Memorial Lecture. Hearty welcome also to Ms. Jann Grace Seale, who has accompanied Prof. Bordo as the Reserve Bank’s guest. I also have pleasure in acknowledging the members of the family of late Prof. Brahmananda - Dr. P.R. Ramaswamy, Shri P.R. Vishwanath, Smt. Gayatri Viswanath and Ms. Kritika Viswanath. We are deli
Dr. D. Subbarao, Governor, Reserve Bank of India
On behalf of the Reserve Bank, I have great pleasure in welcoming Professor Michael D. Bordo who will shortly be delivering the fourth P. R. Brahmananda Memorial Lecture. Hearty welcome also to Ms. Jann Grace Seale, who has accompanied Prof. Bordo as the Reserve Bank’s guest. I also have pleasure in acknowledging the members of the family of late Prof. Brahmananda - Dr. P.R. Ramaswamy, Shri P.R. Vishwanath, Smt. Gayatri Viswanath and Ms. Kritika Viswanath. We are deli
ਅਪ੍ਰੈ 09, 2012
The Great Depression and the Great Recession: What Have We Learnt?
1. Introduction The Financial Crisis of 2007-2008 and the Great Recession of 2007-2009 are now in the past although the U.S. economy is still recovering but at an abnormally low pace, and Europe is in recession again following the debt crisis of 2010-2011. During the worst of the recent financial crisis/Great Recession many observers made comparisons between that event and the Great Depression. In this lecture I reevaluate the experience of the two events. I raise and
Prof. Michael D. Bordo, Guest Speaker
1. Introduction The Financial Crisis of 2007-2008 and the Great Recession of 2007-2009 are now in the past although the U.S. economy is still recovering but at an abnormally low pace, and Europe is in recession again following the debt crisis of 2010-2011. During the worst of the recent financial crisis/Great Recession many observers made comparisons between that event and the Great Depression. In this lecture I reevaluate the experience of the two events. I raise and
ਅਪ੍ਰੈ 03, 2012
Systemic risk assessment – The cornerstone for the pursuit of financial stability
1. First of all, let me extend a warm welcome to all of you to this vibrant city called Mumbai. We, in India, often call this city the Maximum City – it is undeniably, like the punch line of the advertisement of a global bank, a city which never sleeps. I hope all of you also take maximum advantage of your stay here in respect of the deliberations during the seminar and of the tremendous opportunities for entertainment that this city offers! 2. The subject of this con
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
1. First of all, let me extend a warm welcome to all of you to this vibrant city called Mumbai. We, in India, often call this city the Maximum City – it is undeniably, like the punch line of the advertisement of a global bank, a city which never sleeps. I hope all of you also take maximum advantage of your stay here in respect of the deliberations during the seminar and of the tremendous opportunities for entertainment that this city offers! 2. The subject of this con
ਮਾਰਚ 30, 2012
The Challenge of Globalization Some Reflections from the Reserve Bank Perspective
Thank you for inviting me to address the convocation of IIM, Bangalore. It is an honour to which I attach a lot of value. 2. First of all, heartiest congratulations to all the graduating students. Today marks a milestone in your lives. You will be leaving college with a degree in management, and not just any degree, but a degree from one of the most elite management schools in the country. You should be proud of what you have accomplished. Managing Change 3. As I see
Dr. D. Subbarao, Governor, Reserve Bank of India
Thank you for inviting me to address the convocation of IIM, Bangalore. It is an honour to which I attach a lot of value. 2. First of all, heartiest congratulations to all the graduating students. Today marks a milestone in your lives. You will be leaving college with a degree in management, and not just any degree, but a degree from one of the most elite management schools in the country. You should be proud of what you have accomplished. Managing Change 3. As I see
ਮਾਰਚ 29, 2012
M - Banking in India - Regulations and Rationale
Ms Moono Mupotola, Manager, African Development Bank Group, Mr Somak Ghosh, Group President, Development & Sustainable Banking, YES Bank, distinguished guests, participants, members of the print and electronic media, ladies and gentlemen. I am delighted to be present here at the International Banking Summit on "Regulation of Cross-Border Mobile Payments and Regional Financial Integration" and share my thoughts on the subject of mobile phones as a powerful tool for
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Ms Moono Mupotola, Manager, African Development Bank Group, Mr Somak Ghosh, Group President, Development & Sustainable Banking, YES Bank, distinguished guests, participants, members of the print and electronic media, ladies and gentlemen. I am delighted to be present here at the International Banking Summit on "Regulation of Cross-Border Mobile Payments and Regional Financial Integration" and share my thoughts on the subject of mobile phones as a powerful tool for
ਮਾਰਚ 28, 2012
Towards Vibrant Debt Markets – A 7iFramework
Presentation 1. It is a great pleasure to be here amidst you all for the 9th Annual meeting of the Fixed Income Money Market Derivatives Association (FIMMDA) and the Primary Dealers Association of India (PDAI) in this enchanting and energetic city of Kuala Lumpur. Relations between our two great nations, India and Malaysia, date back to ancient times. Indeed the name Malaysia is believed to have been derived from the Sanskrit root Malayadvipa which means “peninsula of
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Presentation 1. It is a great pleasure to be here amidst you all for the 9th Annual meeting of the Fixed Income Money Market Derivatives Association (FIMMDA) and the Primary Dealers Association of India (PDAI) in this enchanting and energetic city of Kuala Lumpur. Relations between our two great nations, India and Malaysia, date back to ancient times. Indeed the name Malaysia is believed to have been derived from the Sanskrit root Malayadvipa which means “peninsula of
ਮਾਰਚ 23, 2012
Uses and Misuses of Statistics
Prof. Umesh Singh, Coordinator, DST Centre for Interdisciplinary Mathematical Sciences, Prof Sengupta, Dean Faculty of Science, Prof Joshi, other distinguished members of faculty of the University, and above all, dear students. I thank you all for inviting me to be in your midst during the 150th birth anniversary celebrations of Mahamana Pandit Madan Mohan Malviya. It is a great honour and privilege for me. Pandit Madan Mohan Malviya 2. You have provided an opportunit
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Prof. Umesh Singh, Coordinator, DST Centre for Interdisciplinary Mathematical Sciences, Prof Sengupta, Dean Faculty of Science, Prof Joshi, other distinguished members of faculty of the University, and above all, dear students. I thank you all for inviting me to be in your midst during the 150th birth anniversary celebrations of Mahamana Pandit Madan Mohan Malviya. It is a great honour and privilege for me. Pandit Madan Mohan Malviya 2. You have provided an opportunit
ਮਾਰਚ 20, 2012
Changing Contours of Global Crisis- Impact on Indian Economy
Dr. Devi Singh, Director, IIM Lucknow and Mentor Director, IIM Kashipur; Professor Manoj Anand; other members of the faculty; my fellow bankers and the young and ‘raring to go’ students of Indian Institute of Management, Kashipur. A very good evening to you all. I deem it a privilege to address young and bright students like this. I see in them the willingness to listen, courage to question and the enthusiasm to take on challenges that the future holds for them. In sh
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Dr. Devi Singh, Director, IIM Lucknow and Mentor Director, IIM Kashipur; Professor Manoj Anand; other members of the faculty; my fellow bankers and the young and ‘raring to go’ students of Indian Institute of Management, Kashipur. A very good evening to you all. I deem it a privilege to address young and bright students like this. I see in them the willingness to listen, courage to question and the enthusiasm to take on challenges that the future holds for them. In sh
ਮਾਰਚ 19, 2012
Statistics and the Reserve Bank: Some Reflections
1. Deputy Governors, Dr. Subir Gokarn and Dr. K. C. Chakrabarty; distinguished statisticians and economists from the academia; Regional Director Chandigarh; heads of select departments; Shri A. B. Chakraborty, Officer-in-Charge Department of Statistics and Information Management (DSIM) and friends. I extend a warm welcome to you all to the Annual Conference 2012 of the Department of Statistics and Information Management (DSIM). For the first time, this conference is o
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
1. Deputy Governors, Dr. Subir Gokarn and Dr. K. C. Chakrabarty; distinguished statisticians and economists from the academia; Regional Director Chandigarh; heads of select departments; Shri A. B. Chakraborty, Officer-in-Charge Department of Statistics and Information Management (DSIM) and friends. I extend a warm welcome to you all to the Annual Conference 2012 of the Department of Statistics and Information Management (DSIM). For the first time, this conference is o
ਮਾਰਚ 13, 2012
Striking a Balance: Credit Penetration and NPA Management – Role of Information Sharing
Mr. Nair, Chairman, Credit Information Bureau (India) Limited (CIBIL) and CMD, Union Bank of India; Mr. Mallya, CMD, Bank of Baroda; Mr. Siddharth Mehta, President and CEO, TransUnion; Mr. Thukral, MD, CIBIL and other distinguished guests. It is indeed an honour for me to address you all here during the fourth annual Credit Information Conference. 2. Banking is a risky business. Banks, or more generally the credit institutions, in their role as intermediaries take upo
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Mr. Nair, Chairman, Credit Information Bureau (India) Limited (CIBIL) and CMD, Union Bank of India; Mr. Mallya, CMD, Bank of Baroda; Mr. Siddharth Mehta, President and CEO, TransUnion; Mr. Thukral, MD, CIBIL and other distinguished guests. It is indeed an honour for me to address you all here during the fourth annual Credit Information Conference. 2. Banking is a risky business. Banks, or more generally the credit institutions, in their role as intermediaries take upo
ਮਾਰਚ 05, 2012
The Framework for Pre-Empting Systemic Financial Risks
1. For all the like-never-before-and-hopefully-never-after financial, fiscal, economic and social costs of the Global Financial Crisis, the one perverse benefit of it, nevertheless, has been that it has tellingly focussed attention of global law and policy makers and head honchos of finance and banking industry, also like never before, on risk and the risk management imperative as also compelled a cathartic reappraisal of how risk should be defined and measured ! As s
Shri V.K. Sharma, Executive Director, Reserve Bank of India
1. For all the like-never-before-and-hopefully-never-after financial, fiscal, economic and social costs of the Global Financial Crisis, the one perverse benefit of it, nevertheless, has been that it has tellingly focussed attention of global law and policy makers and head honchos of finance and banking industry, also like never before, on risk and the risk management imperative as also compelled a cathartic reappraisal of how risk should be defined and measured ! As s
ਮਾਰਚ 03, 2012
Outward Indian FDI – Recent Trends & Emerging Issues
1. In recent years, emerging market economies (EMEs) are increasingly becoming a source of foreign investment for rest of the world. It is not only a sign of their increasing participation in the global economy but also of their increasing competence. More importantly, a growing impetus for change today is coming from developing countries and economies in transition, where a number of private as well as state-owned enterprises are increasingly undertaking outward expa
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
1. In recent years, emerging market economies (EMEs) are increasingly becoming a source of foreign investment for rest of the world. It is not only a sign of their increasing participation in the global economy but also of their increasing competence. More importantly, a growing impetus for change today is coming from developing countries and economies in transition, where a number of private as well as state-owned enterprises are increasingly undertaking outward expa
ਮਾਰਚ 03, 2012
Implications of Basel III for Capital, Liquidity and Profitability of Banks
It is heartening that the National Institute of Bank Management (NIBM), Pune is organizing a two-day National Conference on ‘Emerging Macro Environment, Regulatory Changes and Bank Competitiveness’, today and tomorrow. I am indeed grateful to the NIBM for giving me this privilege to talk to you today on a topic - Implications of Basel III for Capital, Liquidity and Profitability of Banks - which is contemporaneous, not only in the financial circles, but also in the la
Shri B. Mahapatra, Executive Director, Reserve Bank of India
It is heartening that the National Institute of Bank Management (NIBM), Pune is organizing a two-day National Conference on ‘Emerging Macro Environment, Regulatory Changes and Bank Competitiveness’, today and tomorrow. I am indeed grateful to the NIBM for giving me this privilege to talk to you today on a topic - Implications of Basel III for Capital, Liquidity and Profitability of Banks - which is contemporaneous, not only in the financial circles, but also in the la
ਫ਼ਰ 27, 2012
BCSBI, Customer Service and Consumer Protection-Issues and Challenges
Shri A.C.Mahajan, Chairman BCSBI, Shri M.M. Chitale, Shri H.N.Sinor, Shri C. Krishnan, members of the Governing Council of BCSBI, Shri N Raja CEO, BCSBI, delegates to the Conference, Ladies and Gentlemen, it gives me great pleasure to be in your midst today and share with you some of my thoughts concerning quality of customer care and service in our banking industry. 1. The BCSBI has been in existence for six years now and has done a commendable job in this short span
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri A.C.Mahajan, Chairman BCSBI, Shri M.M. Chitale, Shri H.N.Sinor, Shri C. Krishnan, members of the Governing Council of BCSBI, Shri N Raja CEO, BCSBI, delegates to the Conference, Ladies and Gentlemen, it gives me great pleasure to be in your midst today and share with you some of my thoughts concerning quality of customer care and service in our banking industry. 1. The BCSBI has been in existence for six years now and has done a commendable job in this short span
ਫ਼ਰ 27, 2012
Agriculture Agenda for Odisha – Issues & Challenges
1. It is a matter of great pleasure to participate in this very important Agriculture Conclave organized by the Reserve Bank of India with active support from the Odisha University of Agriculture & Technology (OUAT), the National Bank for Agriculture & Rural Development (NABARD) and the Government of Odisha. As you would be aware, both the Reserve Bank of India, Bhubaneswar Office and the OUAT are celebrating their Golden Jubilee year – fifty years of commitme
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
1. It is a matter of great pleasure to participate in this very important Agriculture Conclave organized by the Reserve Bank of India with active support from the Odisha University of Agriculture & Technology (OUAT), the National Bank for Agriculture & Rural Development (NABARD) and the Government of Odisha. As you would be aware, both the Reserve Bank of India, Bhubaneswar Office and the OUAT are celebrating their Golden Jubilee year – fifty years of commitme
ਫ਼ਰ 17, 2012
Indian Banking Sector: Towards the Next Orbit
Dr. Pritam Singh, Director General, International Management Institute, Dr. Ahindra Chakrabarti, Programme Director, participants from Reserve Bank of India and the commercial banks. It gives me great pleasure to be before you today as you embark on this journey of learning here at IMI and later across Paris, Berlin and Milan to imbibe the culture of these countries and the best practices. The Advanced Management Programme is the ninth in the series and includes study
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr. Pritam Singh, Director General, International Management Institute, Dr. Ahindra Chakrabarti, Programme Director, participants from Reserve Bank of India and the commercial banks. It gives me great pleasure to be before you today as you embark on this journey of learning here at IMI and later across Paris, Berlin and Milan to imbibe the culture of these countries and the best practices. The Advanced Management Programme is the ninth in the series and includes study
ਫ਼ਰ 17, 2012
Moving towards technology led excellence in banking
Shri Sambamurthy, Director IDRBT, Executive Directors of banks, members of faculty from IDRBT, ladies and gentlemen. It gives me immense pleasure to be delivering the keynote address in today’s workshop ‘Beyond Core Banking’ and I thank IDRBT for giving me the opportunity. 2. In today’s technologically advanced environment, Core Banking Solution (CBS), does not remain an edge anymore, but has become the basic prerequisite for any bank. Building on this, banks need to
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Shri Sambamurthy, Director IDRBT, Executive Directors of banks, members of faculty from IDRBT, ladies and gentlemen. It gives me immense pleasure to be delivering the keynote address in today’s workshop ‘Beyond Core Banking’ and I thank IDRBT for giving me the opportunity. 2. In today’s technologically advanced environment, Core Banking Solution (CBS), does not remain an edge anymore, but has become the basic prerequisite for any bank. Building on this, banks need to
ਫ਼ਰ 17, 2012
Governance deficit and financial crisis
1. It is always a pleasure to return to one's home state, that too if the state is God's own country. Thank you for inviting me to address this august gathering of the cream of professionals and management experts of the state under the common banner of Kerala Management Association. I was however slightly apprehensive of what I should talk at a gathering like this. This apprehension started bordering worry when I saw the list of illustrious speakers who have addresse
Shri G Padmanabhan, Executive Director, Reserve Bank of India
1. It is always a pleasure to return to one's home state, that too if the state is God's own country. Thank you for inviting me to address this august gathering of the cream of professionals and management experts of the state under the common banner of Kerala Management Association. I was however slightly apprehensive of what I should talk at a gathering like this. This apprehension started bordering worry when I saw the list of illustrious speakers who have addresse
ਫ਼ਰ 13, 2012
The Reserve Bank of India: Pulling every lever#
India’s central bank is one of its best institutions. It is also complicit in a government-borrowing binge One of the perks of being governor of the Reserve Bank of India (RBI) is the use of a colonial bungalow on Carmichael Road, a posh street that weaves along a ridge in south Mumbai. On one side live some of India’s richest industrialists, modern-day pharaohs with flashy architectural tastes. On the other, a stone’s throw down a cliff, is a small slum—a monument to
India’s central bank is one of its best institutions. It is also complicit in a government-borrowing binge One of the perks of being governor of the Reserve Bank of India (RBI) is the use of a colonial bungalow on Carmichael Road, a posh street that weaves along a ridge in south Mumbai. On one side live some of India’s richest industrialists, modern-day pharaohs with flashy architectural tastes. On the other, a stone’s throw down a cliff, is a small slum—a monument to
ਫ਼ਰ 07, 2012
Understanding Psychology for Responsible Financial Behaviour*
1. I thank the organizers of the Golden Jubilee celebrations of the Maharshi Dayanand College of Arts, Science & Commerce, Mumbai for inviting me to deliver the inaugural address at this important seminar. The Interdisciplinary Seminar on Psychonomics: Understanding the Psychology behind Financial Behaviour is indeed a very topical subject and especially when the world is realizing the significance of the import of human psychology in the economic behaviour of the
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
1. I thank the organizers of the Golden Jubilee celebrations of the Maharshi Dayanand College of Arts, Science & Commerce, Mumbai for inviting me to deliver the inaugural address at this important seminar. The Interdisciplinary Seminar on Psychonomics: Understanding the Psychology behind Financial Behaviour is indeed a very topical subject and especially when the world is realizing the significance of the import of human psychology in the economic behaviour of the
ਫ਼ਰ 06, 2012
Empowering MSMEs for Financial Inclusion and Growth- Role of Banks and Industry Associations1
Shri G. N. Bajpai, Former Chairman, SEBI & Chairman, Indian SME Knowledge Forum, Shri M. Narendra, Chairman & Managing Director, Indian Overseas Bank, Shri N. Shankar, CMD, ECGC, Shri A. Krishna Kumar, MD, SBI, Shri R. K. Dubey, ED, CBI, Dr K. Ramakrishnan, CEO, Indian Banks’ Association, Shri K V Srinivasan, CEO, Reliance Commercial Finance Ltd, Shri Chandrakant Salunkhe, President, SME Chamber of India, SME Entrepreneurs, other distinguished guests, members
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri G. N. Bajpai, Former Chairman, SEBI & Chairman, Indian SME Knowledge Forum, Shri M. Narendra, Chairman & Managing Director, Indian Overseas Bank, Shri N. Shankar, CMD, ECGC, Shri A. Krishna Kumar, MD, SBI, Shri R. K. Dubey, ED, CBI, Dr K. Ramakrishnan, CEO, Indian Banks’ Association, Shri K V Srinivasan, CEO, Reliance Commercial Finance Ltd, Shri Chandrakant Salunkhe, President, SME Chamber of India, SME Entrepreneurs, other distinguished guests, members
ਫ਼ਰ 02, 2012
New Trilemma in Central Banking
We have had one and half days of intellectually stimulating discussions on a range of critical central banking issues revolving around the New Trilemma that has been defined by this Conference. While we may not have clear solutions, expectations from central banks are very high. The deliberations in this Conference, I believe, make some contributions in guiding policy and spurring further research. Given the time constraint, I have to be quite selective in summing up.
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
We have had one and half days of intellectually stimulating discussions on a range of critical central banking issues revolving around the New Trilemma that has been defined by this Conference. While we may not have clear solutions, expectations from central banks are very high. The deliberations in this Conference, I believe, make some contributions in guiding policy and spurring further research. Given the time constraint, I have to be quite selective in summing up.
ਫ਼ਰ 01, 2012
International Research Conference and its Relevance
Members of the central banking fraternity, participants from the financial, academic and media communities, other distinguished guests: on behalf of the Reserve Bank of India, let me welcome you all to this Second International Research Conference. Genesis of the Conference The Reserve Bank of India’s First International Research Conference was held in 2010. In that year, The Reserve Bank, which commenced operations on April 1, 1935, entered its 75th year. A series of
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Members of the central banking fraternity, participants from the financial, academic and media communities, other distinguished guests: on behalf of the Reserve Bank of India, let me welcome you all to this Second International Research Conference. Genesis of the Conference The Reserve Bank of India’s First International Research Conference was held in 2010. In that year, The Reserve Bank, which commenced operations on April 1, 1935, entered its 75th year. A series of
ਫ਼ਰ 01, 2012
Price Stability, Financial Stability and Sovereign Debt Sustainability Policy Challenges from the New Trilemma
I have great pleasure in welcoming you all to the Reserve Bank’s Second International Research Conference (SIRC). 2. We held our first international conference two years ago, in February 2010, as a flagship event of our Platinum Jubilee celebrations. Many of you who had attended that conference complimented us for its quality and urged us to repeat it. As much as we were flattered by those compliments, I also suspect that the urging for a repeat was at least partly mo
Dr. D. Subbarao, Governor, Reserve Bank of India
I have great pleasure in welcoming you all to the Reserve Bank’s Second International Research Conference (SIRC). 2. We held our first international conference two years ago, in February 2010, as a flagship event of our Platinum Jubilee celebrations. Many of you who had attended that conference complimented us for its quality and urged us to repeat it. As much as we were flattered by those compliments, I also suspect that the urging for a repeat was at least partly mo
ਜਨ 31, 2012
Indian Banking- Journey into the Future*
Shri M D Mallya, Chairman, Indian Banks’ Association and Shri M Narendra, Chairman, Indian Overseas Bank, the joint organizers of this mega event of the Indian banking industry and other delegates. A very good evening! It is an honour for me to be here today to deliver the valedictory address of this Conference which has come to signify an annual confluence of banking minds for serious deliberations. These conferences give us all an opportunity to reflect on the lates
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Shri M D Mallya, Chairman, Indian Banks’ Association and Shri M Narendra, Chairman, Indian Overseas Bank, the joint organizers of this mega event of the Indian banking industry and other delegates. A very good evening! It is an honour for me to be here today to deliver the valedictory address of this Conference which has come to signify an annual confluence of banking minds for serious deliberations. These conferences give us all an opportunity to reflect on the lates
ਜਨ 30, 2012
Global Capital Flows and the Indian Economy: Opportunities and Challenges
I thank the Indian Institute of Technology, Kanpur and Shri Suyash Baderiya for this opportunity to interact with such a talented gathering of young minds. As you know, capital flows have played a major role in the process of globalization. While these flows bring several benefits, they pose certain risks. How in India we have handled this issue to enhance the sustainability of our external sector, is the topic of my deliberation today. Capital flows pose a puzzle bot
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank the Indian Institute of Technology, Kanpur and Shri Suyash Baderiya for this opportunity to interact with such a talented gathering of young minds. As you know, capital flows have played a major role in the process of globalization. While these flows bring several benefits, they pose certain risks. How in India we have handled this issue to enhance the sustainability of our external sector, is the topic of my deliberation today. Capital flows pose a puzzle bot
ਜਨ 27, 2012
“Towards Vibrant Debt Markets” - A presentation by Shri H.R. Khan, Deputy Governor, Reserve Bank of India, at the 13th Annual Conference of FIIMDA – PDAI at Kuala Lumpur, Malaysia on January 27, 2012
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
ਜਨ 21, 2012
The Global Financial Crisis : New Awakening
Shri Shirish Choudhary, Honorary Secretary, Chetana Trust, Dr. Ashok Choudhury, Trustee Member, Smt. Madhumita Patil, Chief Executive Officer, Dr. M. V. Deshpande, Director, Chetana’s Institute of Management & Research (CMIR), other eminent dignitaries on the dias, guests, and distinguished faculty members, graduating students, relieved parents and family members: It is a great pleasure for me to deliver the convocation address today for the batch of 2011 at
Shri B. Mahapatra, Executive Director, Reserve Bank of India
Shri Shirish Choudhary, Honorary Secretary, Chetana Trust, Dr. Ashok Choudhury, Trustee Member, Smt. Madhumita Patil, Chief Executive Officer, Dr. M. V. Deshpande, Director, Chetana’s Institute of Management & Research (CMIR), other eminent dignitaries on the dias, guests, and distinguished faculty members, graduating students, relieved parents and family members: It is a great pleasure for me to deliver the convocation address today for the batch of 2011 at
ਜਨ 16, 2012
Crisis Preparedness in Interconnected Markets - Prevention is Better than Cure
Mrs. Usha Thorat, Director, CAFRAL, learned faculty members of Toronto Centre, Canada, Chief Executives and Executive Directors of banks, Principal, Jawaharlal Nehru Institute of Development Banking, Hyderabad, participants, distinguished ladies and gentlemen. 1. Over the last five years, a word became very popular around the world. It dominated discourses amongst policy makers. It consumed innumerable hours of prime time on television. It spanned across meetings in o
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mrs. Usha Thorat, Director, CAFRAL, learned faculty members of Toronto Centre, Canada, Chief Executives and Executive Directors of banks, Principal, Jawaharlal Nehru Institute of Development Banking, Hyderabad, participants, distinguished ladies and gentlemen. 1. Over the last five years, a word became very popular around the world. It dominated discourses amongst policy makers. It consumed innumerable hours of prime time on television. It spanned across meetings in o
ਜਨ 16, 2012
Infrastructure Financing in India – Progress & Prospects
Distinguished members of faculty and students. 1. IIT, Kharagpur is one of the very few educational institutes of India which has a strong linkage to our struggle for Independence and our vision for the future India. The Institute started its illustrious journey from Hijli Detention Camp where some of our freedom fighters were kept captive and had to make the supreme sacrifice for the freedom of our country. As Pandit Nehru, in his first convocation address in 1956, s
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Distinguished members of faculty and students. 1. IIT, Kharagpur is one of the very few educational institutes of India which has a strong linkage to our struggle for Independence and our vision for the future India. The Institute started its illustrious journey from Hijli Detention Camp where some of our freedom fighters were kept captive and had to make the supreme sacrifice for the freedom of our country. As Pandit Nehru, in his first convocation address in 1956, s
ਜਨ 11, 2012
Financial Inclusion and Urban Cooperative Banks
Shri Shashikant Bugde, Chairman, Shri Krishnakumar Goyal, Vice-Chairman, Dr. Mukund Abhyankar and other Directors of the Cosmos Bank, Shri Sudhir Thakre, Secretary, Rural Development, Govt. of Maharashtra, all the aspiring women entrepreneurs present here this evening and ladies and gentlemen. I am delighted to be here this evening amongst all of you on the occasion of the launch of the Cosmos Bank’s Financial Inclusion Programme. I would like to thank the Cosmos Bank
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Shri Shashikant Bugde, Chairman, Shri Krishnakumar Goyal, Vice-Chairman, Dr. Mukund Abhyankar and other Directors of the Cosmos Bank, Shri Sudhir Thakre, Secretary, Rural Development, Govt. of Maharashtra, all the aspiring women entrepreneurs present here this evening and ladies and gentlemen. I am delighted to be here this evening amongst all of you on the occasion of the launch of the Cosmos Bank’s Financial Inclusion Programme. I would like to thank the Cosmos Bank
ਜਨ 09, 2012
Banking Sector – Maintaining Resilience to Risk and Shock and the role of the Accounting Profession
1. Shri Amarjit Chopra, past president, ICAI, Shri G. Ramaswamy, present president, ICAI, Shri Reddy and other council members, distinguished Guests and Delegates, ladies and gentlemen. It gives me great pleasure to address this august gathering of accounting professionals from around the world. I must, at the very outset, laud the initiative of The Institute of Chartered Accountants of India (ICAI) in organising this conference for accountants to dwell on issues of t
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
1. Shri Amarjit Chopra, past president, ICAI, Shri G. Ramaswamy, present president, ICAI, Shri Reddy and other council members, distinguished Guests and Delegates, ladies and gentlemen. It gives me great pleasure to address this august gathering of accounting professionals from around the world. I must, at the very outset, laud the initiative of The Institute of Chartered Accountants of India (ICAI) in organising this conference for accountants to dwell on issues of t
ਜਨ 09, 2012
Evolving Customer friendly Payment Systems in India – a continuing agenda
Mr Jaganathan, distinguished guests, officers and staff of TMB and ladies and gentlemen. It is my pleasure to be amongst you on this occasion of the launch of mobile banking service by TMB. TMB which has a history of 90 years of banking has come a long way from 4 branches in 1947 to 258 branches as on date. 2. I am pleased to note that TMB has been in the forefront in embracing modern technology providing value added services to its three million customers. The Bank h
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Mr Jaganathan, distinguished guests, officers and staff of TMB and ladies and gentlemen. It is my pleasure to be amongst you on this occasion of the launch of mobile banking service by TMB. TMB which has a history of 90 years of banking has come a long way from 4 branches in 1947 to 258 branches as on date. 2. I am pleased to note that TMB has been in the forefront in embracing modern technology providing value added services to its three million customers. The Bank h
ਜਨ 09, 2012
The Shrinking Money and RBI’s Monetary Policy
1. When I received the invitation to speak in a seminar having the theme titled “The Shrinking Money: Combating Debt Crises and Inflation”, I took some time trying to understand what exactly “shrinking money” could mean? In the global context, shrinking money could possibly be related to advanced countries’ fiscal excesses which have been fully accommodated by their respective central banks in conducting monetary policies. In other words, despite inflationary risks in
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
1. When I received the invitation to speak in a seminar having the theme titled “The Shrinking Money: Combating Debt Crises and Inflation”, I took some time trying to understand what exactly “shrinking money” could mean? In the global context, shrinking money could possibly be related to advanced countries’ fiscal excesses which have been fully accommodated by their respective central banks in conducting monetary policies. In other words, despite inflationary risks in
ਜਨ 06, 2012
Reflections on Leaders and Leadership1
Thank you very much for the opportunity to speak at this National Convention on Leadership. As it happens, I have never thought explicitly or systematically about leadership as a subject. But ever since I got an invitation to speak at this conference from Shri Harsh Neotia about two months ago, I’ve been trying to think through the subject in a structured manner. My mind would refuse to focus though, and my thoughts would travel repeatedly, often unconsciously, to Mah
Dr. D. Subbarao, Governor, Reserve Bank of India
Thank you very much for the opportunity to speak at this National Convention on Leadership. As it happens, I have never thought explicitly or systematically about leadership as a subject. But ever since I got an invitation to speak at this conference from Shri Harsh Neotia about two months ago, I’ve been trying to think through the subject in a structured manner. My mind would refuse to focus though, and my thoughts would travel repeatedly, often unconsciously, to Mah
ਜਨ 06, 2012
Financial Market Volatility and the Risk Management Imperative
1. First of all, I would wish to thank Bangalore Chamber of Industry and Commerce for giving me this honour and privilege to address this very distinguished and august audience. I must congratulate and compliment Bangalore Chamber of Industry and Commerce (BCIC) on conceiving, and organizing, this contextually, and topically, most appropriate and relevant Interactive Session on Forex Risk Management. What with the cataclysmic and apocalyptic events like the US downgra
Shri V.K. Sharma, Executive Director, Reserve Bank of India
1. First of all, I would wish to thank Bangalore Chamber of Industry and Commerce for giving me this honour and privilege to address this very distinguished and august audience. I must congratulate and compliment Bangalore Chamber of Industry and Commerce (BCIC) on conceiving, and organizing, this contextually, and topically, most appropriate and relevant Interactive Session on Forex Risk Management. What with the cataclysmic and apocalyptic events like the US downgra
ਦਸੰ 26, 2011
Legislative Reforms- Strengthening Banking Sector
Justice (Retd.) Shri B.N. Srikrishna, Chairman, Financial Sector Legislative Reforms Commission (FSLRC), Shri Swarup and Shri Malegam (members of FSLRC), Shri Yogesh Agarwal, Chairman, Pension Fund Regulatory and Development Authority (PFRDA), Shri Mudholkar and Shri Chikermane, and other delegates. It is an honour and privilege for me to address you today, on some of the key issues with regard to “Reforms in the Banking Sector” and I thank Financial Planning Standard
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Justice (Retd.) Shri B.N. Srikrishna, Chairman, Financial Sector Legislative Reforms Commission (FSLRC), Shri Swarup and Shri Malegam (members of FSLRC), Shri Yogesh Agarwal, Chairman, Pension Fund Regulatory and Development Authority (PFRDA), Shri Mudholkar and Shri Chikermane, and other delegates. It is an honour and privilege for me to address you today, on some of the key issues with regard to “Reforms in the Banking Sector” and I thank Financial Planning Standard
ਦਸੰ 26, 2011
Short Term Cooperative Credit Structure and Financial Inclusion
Shri Charan Das Mahant, Hon’ble Minister of State for Agriculture & Food Processing, Government of India, Shri Gouri Shanker Bisen, Hon’ble Minister for Co-operation, Government of Madhya Pradesh, Shri Chandra Sekhar Sahu, Hon’ble Minister for Agriculture, Government of Chhattisgarh, Dr. Chandra Pal Singh Yadav, President, National Cooperative Union of India, distinguished invitees and guests, ladies and gentlemen. I indeed deem it an honour and a privilege
Shri V.K. Sharma, Executive Director, Reserve Bank of India
Shri Charan Das Mahant, Hon’ble Minister of State for Agriculture & Food Processing, Government of India, Shri Gouri Shanker Bisen, Hon’ble Minister for Co-operation, Government of Madhya Pradesh, Shri Chandra Sekhar Sahu, Hon’ble Minister for Agriculture, Government of Chhattisgarh, Dr. Chandra Pal Singh Yadav, President, National Cooperative Union of India, distinguished invitees and guests, ladies and gentlemen. I indeed deem it an honour and a privilege
ਦਸੰ 26, 2011
Financial Reporting in the context of Financial Stability: A Regulator’s view on Some Accounting Issues
1. Dr. Ashraf Nabhan Al Nabhani, Dean, College of Banking and Financial Studies, Mr. Kishore Rabi, Chairman, ICAI Muscat Chapter and other delegates. It gives me great pleasure to address this august gathering organised by the Muscat Chapter of the Institute of Chartered Accountants of India (ICAI). I am given to understand that the Muscat Chapter, the 19th overseas chapter of the ICAI is amongst the most active chapters of the ICAI and has been engaging in capacity b
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
1. Dr. Ashraf Nabhan Al Nabhani, Dean, College of Banking and Financial Studies, Mr. Kishore Rabi, Chairman, ICAI Muscat Chapter and other delegates. It gives me great pleasure to address this august gathering organised by the Muscat Chapter of the Institute of Chartered Accountants of India (ICAI). I am given to understand that the Muscat Chapter, the 19th overseas chapter of the ICAI is amongst the most active chapters of the ICAI and has been engaging in capacity b
ਦਸੰ 23, 2011
Economic and Financial Developments in Andaman and Nicobar Islands
I thank the Andaman Chamber of Commerce and Industry for inviting me to address this distinguished gathering. This picturesque Union Territory (UT) of Andaman & Nicobar Islands (ANI) in the Bay of Bengal covers 0.25 per cent of the national geographical area but accounts for only a fractional share of 0.03 per cent of national population. This explains why ANI has the lowest population density of 46 per square kilometre as against 382 at the all-India level. The h
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank the Andaman Chamber of Commerce and Industry for inviting me to address this distinguished gathering. This picturesque Union Territory (UT) of Andaman & Nicobar Islands (ANI) in the Bay of Bengal covers 0.25 per cent of the national geographical area but accounts for only a fractional share of 0.03 per cent of national population. This explains why ANI has the lowest population density of 46 per square kilometre as against 382 at the all-India level. The h
ਦਸੰ 20, 2011
Empowering MSMEs for Financial Inclusion and Growth - Issues and Strategies1
Shri M. V. Tanksale, Chairman and Managing Director, Central Bank of India (CBI), Smt V. R. Iyer, Executive Director, Central Bank of India, Shri Chadrakant Salunkhe , President SME Chamber of India, Shri A. Ramesh Kumar, MD & CEO – Asia Pragati Capfin Pvt Ltd, SME entrepreneurs, staff members of CBI, distinguished guests, members of the print and electronic media, ladies and gentlemen. It is my pleasure to be here at this Conclave on the eve of the conclusion of
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri M. V. Tanksale, Chairman and Managing Director, Central Bank of India (CBI), Smt V. R. Iyer, Executive Director, Central Bank of India, Shri Chadrakant Salunkhe , President SME Chamber of India, Shri A. Ramesh Kumar, MD & CEO – Asia Pragati Capfin Pvt Ltd, SME entrepreneurs, staff members of CBI, distinguished guests, members of the print and electronic media, ladies and gentlemen. It is my pleasure to be here at this Conclave on the eve of the conclusion of
ਦਸੰ 16, 2011
Challenges to the Accounting Profession Some Reflections
Thank you for inviting me to speak at this conference of the Western India Regional Council of the Institute of Chartered Accountants of India (ICAI). 2. When I got invited to speak at this conference, at first I was a bit surprised. I wondered why you might be wasting valuable conference time listening to the Reserve Bank when there is not much in common between the Reserve Bank and the accounting profession, except possibly the fact that we both lose sleep when numb
Dr. D. Subbarao, Governor, Reserve Bank of India
Thank you for inviting me to speak at this conference of the Western India Regional Council of the Institute of Chartered Accountants of India (ICAI). 2. When I got invited to speak at this conference, at first I was a bit surprised. I wondered why you might be wasting valuable conference time listening to the Reserve Bank when there is not much in common between the Reserve Bank and the accounting profession, except possibly the fact that we both lose sleep when numb
ਦਸੰ 14, 2011
Ten Commandments for a Successful Banking Career1
Ms Chanda Kochhar, MD and CEO, ICICI Bank, Shri T. V. Mohandas Pai, Chairman, Manipal Global Education Services, Dr K. Ramnarayan, Vice Chancellor, Manipal University, Shri Rajiv Sabharwal, Executive Director, ICICI Bank, other distinguished guests, ladies and gentlemen, and my young friends. 2. It is indeed a pleasure to be here in your midst today. Young people infuse energy and vigour into any gathering but bright, young bankers like you also make it a learning exp
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Ms Chanda Kochhar, MD and CEO, ICICI Bank, Shri T. V. Mohandas Pai, Chairman, Manipal Global Education Services, Dr K. Ramnarayan, Vice Chancellor, Manipal University, Shri Rajiv Sabharwal, Executive Director, ICICI Bank, other distinguished guests, ladies and gentlemen, and my young friends. 2. It is indeed a pleasure to be here in your midst today. Young people infuse energy and vigour into any gathering but bright, young bankers like you also make it a learning exp
ਦਸੰ 13, 2011
Gross Financial Flows, Global Imbalances, and Crises
Good evening. On behalf of the Reserve Bank of India, I have great pleasure in welcoming Prof. Maurice Obstfeld, who will shortly be delivering the L.K. Jha Memorial Lecture. Warm welcome also to Mrs. Jeniffer Obstfeld. I also have pleasure in acknowledging the presence here of members of the family of late Dr. L.K. Jha - Smt. Dipika Maharaj Singh, Smt. Sharika Glover and Master Kiran Glover. Your presence here means a lot to us. Thank you very much. Of course, a warm
Dr. D. Subbarao, Governor, Reserve Bank of India
Good evening. On behalf of the Reserve Bank of India, I have great pleasure in welcoming Prof. Maurice Obstfeld, who will shortly be delivering the L.K. Jha Memorial Lecture. Warm welcome also to Mrs. Jeniffer Obstfeld. I also have pleasure in acknowledging the presence here of members of the family of late Dr. L.K. Jha - Smt. Dipika Maharaj Singh, Smt. Sharika Glover and Master Kiran Glover. Your presence here means a lot to us. Thank you very much. Of course, a warm
ਦਸੰ 13, 2011
Gross Financial Flows, Global Imbalances, and Crises
1. Introduction I am much honored to stand here at the Reserve Bank of India as the twelfth L. K. Jha Memorial Lecturer. Shri Lakshmi Kant Jha was a diplomat, administrator, counselor to government, and central bank governor, among other notable achievements. His writing spanned the most important economic and social issues of the day, as debated both within India and throughout the broader world. My eleven predecessors at this podium form an exceptional group of econ
Prof. Maurice Obstfeld, Guest Speaker
1. Introduction I am much honored to stand here at the Reserve Bank of India as the twelfth L. K. Jha Memorial Lecturer. Shri Lakshmi Kant Jha was a diplomat, administrator, counselor to government, and central bank governor, among other notable achievements. His writing spanned the most important economic and social issues of the day, as debated both within India and throughout the broader world. My eleven predecessors at this podium form an exceptional group of econ
ਦਸੰ 13, 2011
Food Inflation: This Time it's Different*
1. I would like to thank Prof. Parchure for inviting me to deliver this year’s Kale Memorial Lecture. The lecture has been instituted to honour Rao Saheb R. R. Kale, who was instrumental in setting up this great institution, the Gokhale Institute of Economics and Politics. Despite his professional achievements as a lawyer, he was apparently a rather modest and humble person. Given his financial contribution to the establishment of the institution, it would have seemed
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
1. I would like to thank Prof. Parchure for inviting me to deliver this year’s Kale Memorial Lecture. The lecture has been instituted to honour Rao Saheb R. R. Kale, who was instrumental in setting up this great institution, the Gokhale Institute of Economics and Politics. Despite his professional achievements as a lawyer, he was apparently a rather modest and humble person. Given his financial contribution to the establishment of the institution, it would have seemed
ਦਸੰ 07, 2011
Microenterprise Development : Path to Creating MNCs of Tomorrow
Mr. Pramit Jhaveri, CEO, Citi Bank, India, Dr Isher Judge Ahluwalia, Chairperson, ICRIER, Mr Haresh Shah, Chairman of Confederation for the promotion of Khadi and Village Industries, Mr Anami Roy, ex-DGP( Maharashtra) and Chairman Vandana Foundation, Ms Radhika Haribhakti, Chairperson, Swadhaar Fin Access, distinguished guests and winners, ladies and gentlemen. I am extremely happy to be here for the annual Citi Micro Entrepreneur Awards Ceremony. First of all, I woul
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. Pramit Jhaveri, CEO, Citi Bank, India, Dr Isher Judge Ahluwalia, Chairperson, ICRIER, Mr Haresh Shah, Chairman of Confederation for the promotion of Khadi and Village Industries, Mr Anami Roy, ex-DGP( Maharashtra) and Chairman Vandana Foundation, Ms Radhika Haribhakti, Chairperson, Swadhaar Fin Access, distinguished guests and winners, ladies and gentlemen. I am extremely happy to be here for the annual Citi Micro Entrepreneur Awards Ceremony. First of all, I woul
ਦਸੰ 03, 2011
Video - Address by Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India at CFO Summit 2011 organised by CII, December 03, 2011 at Mumbai
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
ਦਸੰ 03, 2011
An assessment of recent macroeconomic developments
Introduction Thank you for inviting me to share my thoughts at the Annual CII CFO Summit. In recent weeks, the macroeconomic environment has become particularly turbulent. Global conditions have contributed to a significant rebalancing of portfolios as a result of rapidly changing risk perceptions and appetites. This has led to increased instability and volatility in financial markets, particularly currency markets. On the domestic front, growth is decelerating while
Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India
Introduction Thank you for inviting me to share my thoughts at the Annual CII CFO Summit. In recent weeks, the macroeconomic environment has become particularly turbulent. Global conditions have contributed to a significant rebalancing of portfolios as a result of rapidly changing risk perceptions and appetites. This has led to increased instability and volatility in financial markets, particularly currency markets. On the domestic front, growth is decelerating while
ਦਸੰ 01, 2011
Changing Contours of Monetary Policy in India
I thank the Royal Monetary Authority of Bhutan and Governor H.E. Daw Tenzin for inviting me to address such a distinguished gathering. I thought of speaking on monetary policy in India for four reasons. First, the currencies of Bhutan and India, i.e., Ngultrum and Rupee are closely linked. Hence, monetary policy developments in India have implications for monetary policy in Bhutan. Second, in October 2011, the Reserve Bank deregulated savings deposit interest rate of
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank the Royal Monetary Authority of Bhutan and Governor H.E. Daw Tenzin for inviting me to address such a distinguished gathering. I thought of speaking on monetary policy in India for four reasons. First, the currencies of Bhutan and India, i.e., Ngultrum and Rupee are closely linked. Hence, monetary policy developments in India have implications for monetary policy in Bhutan. Second, in October 2011, the Reserve Bank deregulated savings deposit interest rate of
ਨਵੰ 26, 2011
Payment System Issues and Challenges
Mr V.P.Iswardas, Managing Director & CEO, Catholic Syrian Bank (CSB), Mr Nandakumar, President, Thrissur Management Association, Mr Anantharaman and Mr Bobby Jose, Board members present here, other office bearers of the Thrissur Management Association, ladies and gentlemen. I deem it a privilege to be invited to speak on this important day in the bank's history. It is a matter of pride to each one of you that the bank which had a modest beginning in November, 1920
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Mr V.P.Iswardas, Managing Director & CEO, Catholic Syrian Bank (CSB), Mr Nandakumar, President, Thrissur Management Association, Mr Anantharaman and Mr Bobby Jose, Board members present here, other office bearers of the Thrissur Management Association, ladies and gentlemen. I deem it a privilege to be invited to speak on this important day in the bank's history. It is a matter of pride to each one of you that the bank which had a modest beginning in November, 1920
ਨਵੰ 25, 2011
Rejigging the Elephant Dance
Thank you for inviting me to deliver this year’s Haksar Memorial lecture. It is an honour to which I attach a lot of value. P.N. Haksar, whom this series of lectures commemorates, was an outstanding civil servant, an intellectual power house and a grand visionary who had a profound impact on the economic and political management of the country during critical, and often turbulent, times in our post-independence history. P.N. Haksar 2. I did not have the pleasure of kn
Dr. D. Subbarao, Governor, Reserve Bank of India
Thank you for inviting me to deliver this year’s Haksar Memorial lecture. It is an honour to which I attach a lot of value. P.N. Haksar, whom this series of lectures commemorates, was an outstanding civil servant, an intellectual power house and a grand visionary who had a profound impact on the economic and political management of the country during critical, and often turbulent, times in our post-independence history. P.N. Haksar 2. I did not have the pleasure of kn
ਨਵੰ 22, 2011
The Challenge of Food Inflation
First of all, my thanks to the Indian Society of Agricultural Marketing, particularly to Prof. Radhakrishna, the President, and Prof. Satyanarayana, Secretary of the Society for inviting me to address this conference. Speaking to a gathering of distinguished agricultural economists is an opportunity to which I attach a lot of value. Whenever I am invited to speak, I struggle to determine a topic that is relevant to the organizers, and is also within the domain of the
Dr. D. Subbarao, Governor, Reserve Bank of India
First of all, my thanks to the Indian Society of Agricultural Marketing, particularly to Prof. Radhakrishna, the President, and Prof. Satyanarayana, Secretary of the Society for inviting me to address this conference. Speaking to a gathering of distinguished agricultural economists is an opportunity to which I attach a lot of value. Whenever I am invited to speak, I struggle to determine a topic that is relevant to the organizers, and is also within the domain of the
ਨਵੰ 15, 2011
Empowering Deposit Insurance Entities to Face Challenges posed by an Emerging Financial Landscape – Global and Indian experience
Mr. Hiroyuki Obata, Deputy Governor, DICJ, Japan, Mr. Carlos Isoard, Secretary General, IADI, Switzerland, Mr. Jerzy Pruski, President, BGF, Poland, Mr. Fred S. Carns, Director, FDIC, USA, Mr. G. Gopalakrishna, Executive Director, RBI, distinguished delegates, ladies and gentlemen. At the outset, on behalf of RBI, I extend a hearty welcome to all of you to India and especially to this fascinating state of Rajasthan. We thank IADI for agreeing to hold this conference j
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. Hiroyuki Obata, Deputy Governor, DICJ, Japan, Mr. Carlos Isoard, Secretary General, IADI, Switzerland, Mr. Jerzy Pruski, President, BGF, Poland, Mr. Fred S. Carns, Director, FDIC, USA, Mr. G. Gopalakrishna, Executive Director, RBI, distinguished delegates, ladies and gentlemen. At the outset, on behalf of RBI, I extend a hearty welcome to all of you to India and especially to this fascinating state of Rajasthan. We thank IADI for agreeing to hold this conference j
ਨਵੰ 15, 2011
Presentation by Jaime Caruana - General Manager, Bank for International Settlements at the First CAFRAL-BIS International Conference on Financial Sector Regulation for Growth, Equity and Stability in the Post Crisis World
Jaime Caruana, General Manager, Bank for International Settlements
ਨਵੰ 15, 2011
Financial Sector Regulation for Growth, Equity and Stability in the Post Crisis World
Introduction I am delighted to join Governor Subbarao and his colleagues at the Reserve Bank of India at this conference on “Financial sector regulation for growth, equity and stability in the post-crisis world”. And I would like to thank Usha Thorat, the first head of the Centre for Advanced Financial Research and Learning, for the invitation. All credit is due to Governor Subbarao and Usha Thorat for this important initiative. One of the lessons of this crisis is ou
Jaime Caruana, General Manager, Bank for International Settlements
Introduction I am delighted to join Governor Subbarao and his colleagues at the Reserve Bank of India at this conference on “Financial sector regulation for growth, equity and stability in the post-crisis world”. And I would like to thank Usha Thorat, the first head of the Centre for Advanced Financial Research and Learning, for the invitation. All credit is due to Governor Subbarao and Usha Thorat for this important initiative. One of the lessons of this crisis is ou
ਨਵੰ 15, 2011
Financial Regulation for Growth, Equity and Stability in the Post-Crisis World
Let me start by telling you about the motivation for the conference theme. 2. Failure of regulation, by wide agreement, was one of the main causes of the 2008 global financial crisis. It is unsurprising therefore that reforming regulation has come centre stage post-crisis. The progress in regulatory reforms over the last two years has been impressive, but the agenda ahead remains formidable. Regulation will bring in benefits by way of financial stability, but it also
Dr. D. Subbarao, Governor, Reserve Bank of India
Let me start by telling you about the motivation for the conference theme. 2. Failure of regulation, by wide agreement, was one of the main causes of the 2008 global financial crisis. It is unsurprising therefore that reforming regulation has come centre stage post-crisis. The progress in regulatory reforms over the last two years has been impressive, but the agenda ahead remains formidable. Regulation will bring in benefits by way of financial stability, but it also
ਨਵੰ 14, 2011
Bank Resolution Framework Challenges in the Indian Context
On behalf of the Reserve Bank of India, let me once again extend a hearty welcome to all the delegates to this IADI-DICGC International Conference on the Role of Deposit Insurance in Bank Resolution Framework - Lessons from the Financial Crisis. Welcome also to this Sun City of Jodhpur - on the edge of the Thar Desert - a city of forts and palaces, lakes and gardens, and folklore and legend that represents - in its mellifluous blend of tradition and modernity - the be
Dr. D. Subbarao, Governor, Reserve Bank of India
On behalf of the Reserve Bank of India, let me once again extend a hearty welcome to all the delegates to this IADI-DICGC International Conference on the Role of Deposit Insurance in Bank Resolution Framework - Lessons from the Financial Crisis. Welcome also to this Sun City of Jodhpur - on the edge of the Thar Desert - a city of forts and palaces, lakes and gardens, and folklore and legend that represents - in its mellifluous blend of tradition and modernity - the be
ਨਵੰ 14, 2011
Financial Inclusion and Financial Stability : Are they two sides of the same coin?
Presentation 1. It is always a pleasure to be a part of such a confluence of bankers and researchers on contemporary issues in banking and finance but to choose to speak on an area which needs to be either ‘wholesomely new’ or ‘extensively revised’ at such a forum becomes a challenge. I thank the organizers, the CMD of Indian Overseas Bank and the Chairman of IBA for offering me this opportunity to share my own thoughts on a topical issue that has engaged attention of
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Presentation 1. It is always a pleasure to be a part of such a confluence of bankers and researchers on contemporary issues in banking and finance but to choose to speak on an area which needs to be either ‘wholesomely new’ or ‘extensively revised’ at such a forum becomes a challenge. I thank the organizers, the CMD of Indian Overseas Bank and the Chairman of IBA for offering me this opportunity to share my own thoughts on a topical issue that has engaged attention of
ਨਵੰ 14, 2011
Getting ‘IT' Right
Dr V A Joseph, Managing Director and CEO, South Indian Bank, Shri B Sambamurthy, Director, IDRBT, other senior bank officials, ladies and gentlemen, it is indeed a matter of great pleasure for me to deliver the keynote address at the workshop on ‘Beyond Core Banking’. I am extremely grateful to IDRBT for giving me this opportunity. 2. The city of Kochi brings many thoughts to my mind, but I would confine myself mainly to the topic of our round table today. Kochi had t
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Dr V A Joseph, Managing Director and CEO, South Indian Bank, Shri B Sambamurthy, Director, IDRBT, other senior bank officials, ladies and gentlemen, it is indeed a matter of great pleasure for me to deliver the keynote address at the workshop on ‘Beyond Core Banking’. I am extremely grateful to IDRBT for giving me this opportunity. 2. The city of Kochi brings many thoughts to my mind, but I would confine myself mainly to the topic of our round table today. Kochi had t
ਨਵੰ 14, 2011
Post-Crisis: The New Normal
The aftermath of the recent global financial crisis bears testimony to the fact that impact of the turmoil is severe and the recovery therefrom is protracted, resulting in significant losses in output and employment for an extended period of time. Even two-years after the recent crisis, there are lingering apprehensions that global economy in general and advanced economies in particular may suffer double-dip recession. 2. There is a perception that advanced countries
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
The aftermath of the recent global financial crisis bears testimony to the fact that impact of the turmoil is severe and the recovery therefrom is protracted, resulting in significant losses in output and employment for an extended period of time. Even two-years after the recent crisis, there are lingering apprehensions that global economy in general and advanced economies in particular may suffer double-dip recession. 2. There is a perception that advanced countries
ਨਵੰ 11, 2011
Convergence of Mobile Banking, Financial Inclusion and Consumer Protection-Trend
Ms Ursula Menke, Commissioner , Financial Consumer Agency of Canada and Chair of the International Financial Consumer Protection Network (FinCoNet), distinguished participants, ladies and gentlemen. I thank the FinCoNet for including a special session on Financial Inclusion, Mobile Banking and Consumer Protection in today's agenda and inviting me to share the Indian perspective. Further, given the extent of financial exclusion that prevails in India where out of the 6
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Ms Ursula Menke, Commissioner , Financial Consumer Agency of Canada and Chair of the International Financial Consumer Protection Network (FinCoNet), distinguished participants, ladies and gentlemen. I thank the FinCoNet for including a special session on Financial Inclusion, Mobile Banking and Consumer Protection in today's agenda and inviting me to share the Indian perspective. Further, given the extent of financial exclusion that prevails in India where out of the 6
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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