Speeches - ஆர்பிஐ - Reserve Bank of India
Speeches
ஏப். 02, 2009
Platinum Jubilee Celebrations - Governor’s Address to Staff
Dear Colleagues, As the Reserve Bank of India enters its 75th year, today marks a momentous milestone in the history of this great institution. I am indeed delighted and privileged to be speaking to all of you, members of the RBI family, on this historic occasion. 2. Marking the 75th birthday is a time for joy and celebration. It is also an occasion for introspection - an occasion to reflect on the evolution of the Reserve Bank, to look back on the road we traversed,
Dr. D. Subbarao, Governor, Reserve Bank of India
Dear Colleagues, As the Reserve Bank of India enters its 75th year, today marks a momentous milestone in the history of this great institution. I am indeed delighted and privileged to be speaking to all of you, members of the RBI family, on this historic occasion. 2. Marking the 75th birthday is a time for joy and celebration. It is also an occasion for introspection - an occasion to reflect on the evolution of the Reserve Bank, to look back on the road we traversed,
மார். 26, 2009
India - Managing the Impact of the Global Financial Crisis
Introduction 1. Less than a year ago, much of what has happened in the Indian economy since last October would have been hard to anticipate. I recall, around this time last year, the most frequently asked questions (FAQs) were, what are the factors that put India on a high growth trajectory and what can we do to remain there? Today, the FAQ is, when and how do we get back on to the high growth trajectory? The sharp turn around in the FAQs summarizes in a nutshell the
Dr. D. Subbarao, Governor, Reserve Bank of India
Introduction 1. Less than a year ago, much of what has happened in the Indian economy since last October would have been hard to anticipate. I recall, around this time last year, the most frequently asked questions (FAQs) were, what are the factors that put India on a high growth trajectory and what can we do to remain there? Today, the FAQ is, when and how do we get back on to the high growth trajectory? The sharp turn around in the FAQs summarizes in a nutshell the
மார். 23, 2009
Technology in Banks – Responding to the Emerging Challenges
Ladies and gentlemen, a very good morning. A central banker addressing an impressive gathering of technology experts on a topic which is their very own – to say the least, is a formidable task. In the current global financial context, though, I may not be surprised if many central banks, as regulators of banking and other financial institutions get more engaged with the technology aspects of the regulated institutions’ operations. 2. It is not hard to miss the role pl
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
Ladies and gentlemen, a very good morning. A central banker addressing an impressive gathering of technology experts on a topic which is their very own – to say the least, is a formidable task. In the current global financial context, though, I may not be surprised if many central banks, as regulators of banking and other financial institutions get more engaged with the technology aspects of the regulated institutions’ operations. 2. It is not hard to miss the role pl
மார். 19, 2009
Retail Payments : Perspectives and Way Forward
Introduction 1. It is a great delight for me to be here at the conclusion of this seminar on Payment and Settlement Systems aimed at improving our understanding of the way forward on this vital segment of central bank infrastructure. Here, at the Reserve Bank of India (RBI), we have traversed a steep learning curve over the last several years, and come a long way in implementing an efficient and effective payment system. I am deeply conscious of the fact that we still
Dr. D. Subbarao, Governor, Reserve Bank of India
Introduction 1. It is a great delight for me to be here at the conclusion of this seminar on Payment and Settlement Systems aimed at improving our understanding of the way forward on this vital segment of central bank infrastructure. Here, at the Reserve Bank of India (RBI), we have traversed a steep learning curve over the last several years, and come a long way in implementing an efficient and effective payment system. I am deeply conscious of the fact that we still
மார். 17, 2009
Retail Payment Systems – Select Issues
Ladies and Gentlemen, 1. It is indeed an honour to be the first speaker in a gathering of Payment and Settlement System professionals who will be deliberating upon various issues that I am sure will go a long way in strengthening the payment systems fabric in individual countries as well as in a global context. In the context of an otherwise gloomy scenario in the global financial system, the presence of robust payment and settlement systems infrastructure around the
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen, 1. It is indeed an honour to be the first speaker in a gathering of Payment and Settlement System professionals who will be deliberating upon various issues that I am sure will go a long way in strengthening the payment systems fabric in individual countries as well as in a global context. In the context of an otherwise gloomy scenario in the global financial system, the presence of robust payment and settlement systems infrastructure around the
மார். 03, 2009
Lessons for Financial Policymaking - Interpreting the Dilemmas
I was really struggling to select a theme for today’s address. I intended it to be relevant but not repetitive, comprehensive but not broad brush, having a policymaker’s perspective but not too uni-dimensional. Finally the theme I zeroed down on emerged out of this very exercise of the balancing act - the dilemmas and conflicts thrown up for the policymakers by the paradoxical character of recent turn of events in the global financial markets. It is rather surprising
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
I was really struggling to select a theme for today’s address. I intended it to be relevant but not repetitive, comprehensive but not broad brush, having a policymaker’s perspective but not too uni-dimensional. Finally the theme I zeroed down on emerged out of this very exercise of the balancing act - the dilemmas and conflicts thrown up for the policymakers by the paradoxical character of recent turn of events in the global financial markets. It is rather surprising
பிப். 18, 2009
Impact of the Global Financial Crisis on India Collateral Damage and Response
Global outlook 1. The global economic outlook deteriorated sharply over the last quarter. In a sign of the ferocity of the down turn, the IMF made a marked downward revision of its estimate for global growth in 2009 in purchasing power parity terms – from its forecast of 3.0 per cent made in October 2008 to 0.5 per cent in January 2009. In market exchange rate terms, the downturn is sharper – global GDP is projected to actually shrink by 0.6 per cent. With all the adv
Dr. D. Subbarao, Governor, Reserve Bank of India
Global outlook 1. The global economic outlook deteriorated sharply over the last quarter. In a sign of the ferocity of the down turn, the IMF made a marked downward revision of its estimate for global growth in 2009 in purchasing power parity terms – from its forecast of 3.0 per cent made in October 2008 to 0.5 per cent in January 2009. In market exchange rate terms, the downturn is sharper – global GDP is projected to actually shrink by 0.6 per cent. With all the adv
ஜன. 13, 2009
Some Reflections on the recent global financial turmoil – an Indian perspective
Every year, this forum provides an opportunity to collectively review and analyse the developments of the past year in the forex market. But the past year has been like never before and now the focus is on the impact of the financial crisis on the real economy. The financial meltdown has resulted in effective nationalisation of major financial institutions in the US, UK and Eurozone. So far global banks, mortgage lenders and insurance firms have announced write downs
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
Every year, this forum provides an opportunity to collectively review and analyse the developments of the past year in the forex market. But the past year has been like never before and now the focus is on the impact of the financial crisis on the real economy. The financial meltdown has resulted in effective nationalisation of major financial institutions in the US, UK and Eurozone. So far global banks, mortgage lenders and insurance firms have announced write downs
டிச. 18, 2008
The Global Financial Turmoil and Challenges for the Indian Economy
It is my pleasure to be here this evening and to be able to share my thoughts with an exclusive gathering of bankers. Since this is an in-house meeting and we are professional colleagues, I propose to be frank and forthright. I am glad to know that the Bankers' Club in Kolkata has been recently revived and is engaged in promoting professional interaction within the banking community. 2. The global financial crisis is now the staple of front page news. Banks around the
Dr. D. Subbarao, Governor, Reserve Bank of India
It is my pleasure to be here this evening and to be able to share my thoughts with an exclusive gathering of bankers. Since this is an in-house meeting and we are professional colleagues, I propose to be frank and forthright. I am glad to know that the Bankers' Club in Kolkata has been recently revived and is engaged in promoting professional interaction within the banking community. 2. The global financial crisis is now the staple of front page news. Banks around the
டிச. 04, 2008
Mitigating Spillovers and Contagion Lessons from the Global Financial Crisis
1. On behalf of the Reserve Bank of India, it is my pleasure and privilege to welcome all of you international delegates to India, to this wonderful city of Hyderabad, and to this RBI-BIS Seminar on "Mitigating Spillovers and Contagion - Lessons from the Global Financial Crisis". Seminar Context 2. This seminar is the second successive BIS seminar to be organised by the RBI, and marks an important milestone in the intellectual collaboration between the Bank for Intern
Dr. D. Subbarao, Governor, Reserve Bank of India
1. On behalf of the Reserve Bank of India, it is my pleasure and privilege to welcome all of you international delegates to India, to this wonderful city of Hyderabad, and to this RBI-BIS Seminar on "Mitigating Spillovers and Contagion - Lessons from the Global Financial Crisis". Seminar Context 2. This seminar is the second successive BIS seminar to be organised by the RBI, and marks an important milestone in the intellectual collaboration between the Bank for Intern
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