Speeches - ஆர்பிஐ - Reserve Bank of India
Speeches & Media Interactions
Monetary Policy Statement by RBI Governor- June 06, 2025
Speeches
ஜூலை 29,
2000
Current Developments in Money and Government Securities Market
It gives me great pleasure in being with you, today, to share some thoughts relating to money and government securities market where the Reserve Bank of India has a pivotal role to play not only as the debt manager to the Government but also as the monetary authority of the country. I am indeed thankful to Shri M.R.Ramesh for giving me this opportunity to participate in this Seminar. As all of you are aware, in order that the Central Bank conducts the monetary policy
Shri P. R. Gopala Rao,
Executive Director, Reserve Bank of India
It gives me great pleasure in being with you, today, to share some thoughts relating to money and government securities market where the Reserve Bank of India has a pivotal role to play not only as the debt manager to the Government but also as the monetary authority of the country. I am indeed thankful to Shri M.R.Ramesh for giving me this opportunity to participate in this Seminar. As all of you are aware, in order that the Central Bank conducts the monetary policy
ஜூலை 13,
2000
Capital Flows and Self Reliance Redefined
Mr. President and friends, I consider it a great privilege and an honour to be invited to deliver the 27th Frank Moraes Memorial Lecture. While I did not have the privilege of meeting Mr. Frank Moraes, I am an admirer of his writings, which are at once, objective, informative, illuminating, and inspiring. I must compliment the United Writers Association for keeping alive his memory in a befitting manner. I must also compliment the organisers for their tradition of inv
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Mr. President and friends, I consider it a great privilege and an honour to be invited to deliver the 27th Frank Moraes Memorial Lecture. While I did not have the privilege of meeting Mr. Frank Moraes, I am an admirer of his writings, which are at once, objective, informative, illuminating, and inspiring. I must compliment the United Writers Association for keeping alive his memory in a befitting manner. I must also compliment the organisers for their tradition of inv
ஜூலை 08,
2000
Analysing Economic Policy and Sourcing Reserve Bank of India
Friends, I have great pleasure in being with you today to share some thoughts relating to analysis of economic policy, and I am thankful to respected journalist Shri Potturi Venkateswara Rao Garu for giving me this opportunity. It is a memorable day for me to share the podium with our Chief Minister, Shri Chandrababu Naidu garu. We have known each other closely for about two decades and have subsisting regard and affection for each other. He has changed the mindset of
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Friends, I have great pleasure in being with you today to share some thoughts relating to analysis of economic policy, and I am thankful to respected journalist Shri Potturi Venkateswara Rao Garu for giving me this opportunity. It is a memorable day for me to share the podium with our Chief Minister, Shri Chandrababu Naidu garu. We have known each other closely for about two decades and have subsisting regard and affection for each other. He has changed the mindset of
ஜூன் 24,
2000
Issues in Managing Capital Account Liberalisation
The objectives of this presentation are:(i) To suggest the need of some of the developing countries for managing capital account, implying elements of control, regulation and liberalisation as appropriate.(ii) to emphasise the importance of both international and national context in the management of capital account.(iii) to outline the contours of control and regulatory framework and the possible use of these in prioritising capital flows while suggesting the dynamic
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
The objectives of this presentation are:(i) To suggest the need of some of the developing countries for managing capital account, implying elements of control, regulation and liberalisation as appropriate.(ii) to emphasise the importance of both international and national context in the management of capital account.(iii) to outline the contours of control and regulatory framework and the possible use of these in prioritising capital flows while suggesting the dynamic
ஜூன் 22,
2000
Operationalising Capital Account Liberalisation : Indian Experience
The objective of this paper is to narrate the Indian experience in operationalising capital account liberalisation. At the outset, the Indian context is described followed by a brief account of the factors that triggered the process of liberalisation in the nineties. The policy framework that governed liberalisation, the process of liberalisation and the current framework of controls are then explained. Subsequent sections describe the management of capital account a
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
The objective of this paper is to narrate the Indian experience in operationalising capital account liberalisation. At the outset, the Indian context is described followed by a brief account of the factors that triggered the process of liberalisation in the nineties. The policy framework that governed liberalisation, the process of liberalisation and the current framework of controls are then explained. Subsequent sections describe the management of capital account a
ஜூன் 20,
2000
Managing Public Debt and Promoting Debt Markets in India
Friends,I welcome this opportunity to be with you and benefit from the deliberations. There is an increasing awareness of the importance of domestic-debt markets, particularly in our region. Recent events in the Asian region have bought to light the importance of avoiding excessive reliance on the banking system for financial intermediation even as the health of the banking systems is being improved. Diversification of means of intermediation and competition therein w
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Friends,I welcome this opportunity to be with you and benefit from the deliberations. There is an increasing awareness of the importance of domestic-debt markets, particularly in our region. Recent events in the Asian region have bought to light the importance of avoiding excessive reliance on the banking system for financial intermediation even as the health of the banking systems is being improved. Diversification of means of intermediation and competition therein w
ஜூன் 13,
2000
Changing Role of RBI: Agenda for Attention
Mr. Chairman and friends, I am grateful to the organisers of the Madon Memorial Lecture for inviting me to deliver this Lecture. That the contributions of Shri B.F. Madon are of lasting value is evident from the fact that although, over seventy years have elapsed since he passed away, lectures in his memory are organised, and the response is still overwhelming. There are several reasons why I feel especially elated at my association with this lecture series. First, Ma
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, I am grateful to the organisers of the Madon Memorial Lecture for inviting me to deliver this Lecture. That the contributions of Shri B.F. Madon are of lasting value is evident from the fact that although, over seventy years have elapsed since he passed away, lectures in his memory are organised, and the response is still overwhelming. There are several reasons why I feel especially elated at my association with this lecture series. First, Ma
மே 05,
2000
Pro-Poor Growth: New Realities and Emerging Questions
Friends, I am thankful to the organisers for inviting me to participate in this Seminar. The document of the Asian Development Bank (ADB) on the subject is very comprehensive and incisive. It is difficult to add much to it so far as strategies outlined therein are concerned. There are, however, some new realities, especially due to compulsions of globalisation and technological progress that impinge on policies relating to poverty alleviation. Similarly, the changing
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Friends, I am thankful to the organisers for inviting me to participate in this Seminar. The document of the Asian Development Bank (ADB) on the subject is very comprehensive and incisive. It is difficult to add much to it so far as strategies outlined therein are concerned. There are, however, some new realities, especially due to compulsions of globalisation and technological progress that impinge on policies relating to poverty alleviation. Similarly, the changing
ஏப். 08,
2000
Credit Rating : Changing Perspectives
Respected Vice-Chancellor Dr. D.C. Reddy, Professor Kishan Rao, and, friends, I am thankful to my large circle of friends who organised this gathering, and gave me an opportunity to be at home in Osmania University today. My association with the University is forty years old, a long time indeed, and in several capacities, as a research scholar, lecturer and Visiting Professor. Dr. Nagaraj was my senior colleague and we had many things in common, including Bellary-conn
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Respected Vice-Chancellor Dr. D.C. Reddy, Professor Kishan Rao, and, friends, I am thankful to my large circle of friends who organised this gathering, and gave me an opportunity to be at home in Osmania University today. My association with the University is forty years old, a long time indeed, and in several capacities, as a research scholar, lecturer and Visiting Professor. Dr. Nagaraj was my senior colleague and we had many things in common, including Bellary-conn
மார். 18,
2000
Bretton Woods Institutions In 2000
Respected Narasimham garu, Professor Radhakrishna and friends, I am thankful to the organisers for giving me the honour and privilege of delivering the Dr. V.S. Krishna Memorial lecture. Dr. Krishna, a Professor of Economics in this University was chosen by Pandit Jawaharlal Nehru to succeed Dr. C.D. Deshmukh as the Chairman of University Grants Commission in 1961. Unfortunately his untimely death soon after he assumed charge deprived the nation of his services. His v
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Respected Narasimham garu, Professor Radhakrishna and friends, I am thankful to the organisers for giving me the honour and privilege of delivering the Dr. V.S. Krishna Memorial lecture. Dr. Krishna, a Professor of Economics in this University was chosen by Pandit Jawaharlal Nehru to succeed Dr. C.D. Deshmukh as the Chairman of University Grants Commission in 1961. Unfortunately his untimely death soon after he assumed charge deprived the nation of his services. His v
மார். 04,
2000
Budget 2000 and Fixed Income Markets
Friends,I must compliment the organisers for convening this Conference and thank them for inviting me to be here. Perhaps, you could not have chosen a better moment to have an inaugural meet of dealers in Fixed Income markets. The latest Budget announced earlier this week is a landmark and, indeed a watershed, in heralding an enabling environment for the development of healthy fixed income markets in India. The Budget ushers in the most comprehensive debt market refor
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Friends,I must compliment the organisers for convening this Conference and thank them for inviting me to be here. Perhaps, you could not have chosen a better moment to have an inaugural meet of dealers in Fixed Income markets. The latest Budget announced earlier this week is a landmark and, indeed a watershed, in heralding an enabling environment for the development of healthy fixed income markets in India. The Budget ushers in the most comprehensive debt market refor
பிப். 25,
2000
Monetary and Fiscal Policy, and Poverty, andPublic Policy: What is New ?
Professor Raja Chelliah, Professor Govinda Rao, and distinguished participants. I am thankful to Professor Rao for giving me the privilege of being part of this distinguished gathering assembled to honour Professor Chelliah. Papers presented in the seminar covered a wide spectrum of theory and practice; analysed a broad range of topics, from inter-governmental issues to poverty alleviation schemes and brought to bear varying experiences of landlocked Nepal, island eco
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Professor Raja Chelliah, Professor Govinda Rao, and distinguished participants. I am thankful to Professor Rao for giving me the privilege of being part of this distinguished gathering assembled to honour Professor Chelliah. Papers presented in the seminar covered a wide spectrum of theory and practice; analysed a broad range of topics, from inter-governmental issues to poverty alleviation schemes and brought to bear varying experiences of landlocked Nepal, island eco
பிப். 25,
2000
Banking in Future : Flexibility, Autonomy and Regulatory Refocus
At the outset, I am thankful to the Institute for giving me an opportunity to be here and share the experiences and be a witness to the variety of sentiments and ideas. There is no prepared valedictory address; and I deliberately decided not to have one, so that I can share with you my perception of what happened in this Conference and incidentally make a few comments. This is a somewhat risky path for a central banker, especially with the press being here. But, by an
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
At the outset, I am thankful to the Institute for giving me an opportunity to be here and share the experiences and be a witness to the variety of sentiments and ideas. There is no prepared valedictory address; and I deliberately decided not to have one, so that I can share with you my perception of what happened in this Conference and incidentally make a few comments. This is a somewhat risky path for a central banker, especially with the press being here. But, by an
பிப். 15,
2000
Legislation on Fiscal Responsibility and Reserve Bank's Role : Some Issues
Mr. Chairman and friends, I am thankful to Mr. Mathur for giving me this opportunity to participate in this workshop. Mr. Mathurs letter of invitation stated that "In India there is an urgent need for improved management of national finances", and Reserve Bank of India has been advocating fiscal prudence, especially since the reform process started about a decade ago. The subject is vast and complex, and in this speech, the issues relevant for a legislation on fiscal
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Mr. Chairman and friends, I am thankful to Mr. Mathur for giving me this opportunity to participate in this workshop. Mr. Mathurs letter of invitation stated that "In India there is an urgent need for improved management of national finances", and Reserve Bank of India has been advocating fiscal prudence, especially since the reform process started about a decade ago. The subject is vast and complex, and in this speech, the issues relevant for a legislation on fiscal
பிப். 09,
2000
Agenda for Banking in the Millenium
Thank you Dr. Subrahmanyam,Mr Bhide, Chairman, Deputy Governors, Chairmen of Banking Industry, Faculty of NIBM and distinguished guests, I am very glad to be here. This is a very important occasion because, as Dr. Subrahmanyam pointed out, this kind of Conference is taking place after nearly 10 years. And it is taking place at an opportune moment when we are beginning the new Millenium. We have ended a century and your discussions would give direction to the banking i
Dr. Bimal Jalan,
Governor, Reserve Bank of India
Thank you Dr. Subrahmanyam,Mr Bhide, Chairman, Deputy Governors, Chairmen of Banking Industry, Faculty of NIBM and distinguished guests, I am very glad to be here. This is a very important occasion because, as Dr. Subrahmanyam pointed out, this kind of Conference is taking place after nearly 10 years. And it is taking place at an opportune moment when we are beginning the new Millenium. We have ended a century and your discussions would give direction to the banking i
பிப். 07,
2000
International Financial Regulation : The Quiet Revolution
I am highly honoured to have been asked to be the latest in a very distinguished list of C. D. Deshmukh lecturers. My predecessors are a kind of Whos Who of international finance: Michel Camdessus, Gerry Corrigan, Eddie George and others. Clearly, to mark the new Millennium, you have decided to go downmarket!I was last in India, in both Mumbai and Chennai almost exactly two years ago. I spoke at a CII conference in Chennai with Mr Narasimham, who was at that time eng
Mr.Howard Davies,
I am highly honoured to have been asked to be the latest in a very distinguished list of C. D. Deshmukh lecturers. My predecessors are a kind of Whos Who of international finance: Michel Camdessus, Gerry Corrigan, Eddie George and others. Clearly, to mark the new Millennium, you have decided to go downmarket!I was last in India, in both Mumbai and Chennai almost exactly two years ago. I spoke at a CII conference in Chennai with Mr Narasimham, who was at that time eng
பிப். 02,
2000
"Is Inflation Dead" - Some Comments
Honourable Shri Jaswant Singhji, respected Dr. Sushil Wadhwani, Director General Rakesh Mohan and friends. I am thankful to Dr. Rakesh Mohan for giving me this, opportunity. It is a matter of personal satisfaction to me to meet Dr. Wadhwani, whose lecture in London School of Economics on 'Currency Puzzles' in September won wide acclaim. Needless to say, his presentation today on 'Is Inflation dead' is bound to be another landmark speech. Its breadth and depth as also
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Honourable Shri Jaswant Singhji, respected Dr. Sushil Wadhwani, Director General Rakesh Mohan and friends. I am thankful to Dr. Rakesh Mohan for giving me this, opportunity. It is a matter of personal satisfaction to me to meet Dr. Wadhwani, whose lecture in London School of Economics on 'Currency Puzzles' in September won wide acclaim. Needless to say, his presentation today on 'Is Inflation dead' is bound to be another landmark speech. Its breadth and depth as also
ஜன. 04,
2000
Developing Government Securities Market : Some Issues
Mr. Ramesh and friends,I am happy to be here with you today at the Second in the series of seminars conducted by the Primary Dealers Association of India. Since I delivered the inaugural address at the first seminar in Chennai last year, the number of Primary Dealers (PDs) has increased from six to fourteen. So, let me welcome the new additions to the family at this Seminar. I participated in a Bank for International Settlements meeting last month in which one of the
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Mr. Ramesh and friends,I am happy to be here with you today at the Second in the series of seminars conducted by the Primary Dealers Association of India. Since I delivered the inaugural address at the first seminar in Chennai last year, the number of Primary Dealers (PDs) has increased from six to fourteen. So, let me welcome the new additions to the family at this Seminar. I participated in a Bank for International Settlements meeting last month in which one of the
டிச. 06,
1999
Finance and Development - Which Way Now?
The Annual Foundation Lecture of this famous College is an important event in our countrys academic calendar. Several of our most distinguished economists, public administrators and thinkers have shared their thoughts with you on this occasion. I feel privileged to have been invited to deliver this years lecture. My happiness in being able to join you today has been immeasurably enhanced by the presence of Shri M. Narasimham at this function. Shri Narasimhams subst
Dr. Bimal Jalan,
Governor, Reserve Bank of India
The Annual Foundation Lecture of this famous College is an important event in our countrys academic calendar. Several of our most distinguished economists, public administrators and thinkers have shared their thoughts with you on this occasion. I feel privileged to have been invited to deliver this years lecture. My happiness in being able to join you today has been immeasurably enhanced by the presence of Shri M. Narasimham at this function. Shri Narasimhams subst
டிச. 04,
1999
Future of Rural Banking
Respected Professor Khan, distinguished academics and friends, I am grateful to the Ram Reddy Memorial Trust for giving me an opportunity to deliver this endowment lecture. I knew Ram Reddy Sab since 1960 and, like some of you here, we developed abiding affection towards each other. To me, he was indeed, a friend, philosopher and guide in every sense of the word. He won people's heart, made academic contributions and built lasting institutions, and he achieved all thi
Dr. Y. V. Reddy,
Deputy Governor, Reserve Bank of India
Respected Professor Khan, distinguished academics and friends, I am grateful to the Ram Reddy Memorial Trust for giving me an opportunity to deliver this endowment lecture. I knew Ram Reddy Sab since 1960 and, like some of you here, we developed abiding affection towards each other. To me, he was indeed, a friend, philosopher and guide in every sense of the word. He won people's heart, made academic contributions and built lasting institutions, and he achieved all thi
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கடைசியாக புதுப்பிக்கப்பட்ட பக்கம்: ஜூலை 22, 2025
