Speeches - ఆర్బిఐ - Reserve Bank of India
Speeches & Media Interactions
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor October 09, 2024
Speeches
మే 30, 2018
Excellence in Payments
Shri B. Mahapatra, Chairman, NPCI, Shri Dilip Asbe, MD, NPCI, distinguished guests, fellow bankers, captains of the industry and the Honourable members of the Jury – it gives me great pleasure to be amidst you all as NPCI today recognises the significant work done by the innovators in payment systems of the country. Let me begin with a quote by Robin Sharma, the motivational speaker, who says ‘Small daily improvements over time lead to stunning results’. No one can di
Shri B. P. Kanungo, Deputy Governor, Reserve Bank of India
Shri B. Mahapatra, Chairman, NPCI, Shri Dilip Asbe, MD, NPCI, distinguished guests, fellow bankers, captains of the industry and the Honourable members of the Jury – it gives me great pleasure to be amidst you all as NPCI today recognises the significant work done by the innovators in payment systems of the country. Let me begin with a quote by Robin Sharma, the motivational speaker, who says ‘Small daily improvements over time lead to stunning results’. No one can di
ఏప్రి 18, 2018
It is not Business as Usual for Lenders and Borrowers
1. Chief guest, Shri M. Damodaran, Dr. Dhingra, Director NIBM, other dignitaries on the dais, distinguished bankers, faculty and staff of the institution, proud parents, and, all graduating students, and of course, friends from media, I thank NIBM for giving me the opportunity to be part of this occasion and share some thoughts when another batch of bank management graduates is passing out. 2. Martin Luther King Jr. once said “Intelligence plus character – that is the
Shri N.S. Vishwanathan, Executive Director, Reserve Bank of India
1. Chief guest, Shri M. Damodaran, Dr. Dhingra, Director NIBM, other dignitaries on the dais, distinguished bankers, faculty and staff of the institution, proud parents, and, all graduating students, and of course, friends from media, I thank NIBM for giving me the opportunity to be part of this occasion and share some thoughts when another batch of bank management graduates is passing out. 2. Martin Luther King Jr. once said “Intelligence plus character – that is the
మార్చి 14, 2018
Banking Regulatory Powers Should Be Ownership Neutral
I speak today to highlight some fundamental fissures that exist in the regulation of banks, in particular, public sector banks (PSBs). It has been slightly over a month since the latest fraud in the Indian banking sector broke news. Success has many fathers; failures none. Hence, there has been the usual blame game, passing the buck, and a tonne of honking, mostly short-term and knee-jerk reactions. These appear to have prevented the participants in this cacophony fro
Dr. Urjit R. Patel, Governor, Reserve Bank of India
I speak today to highlight some fundamental fissures that exist in the regulation of banks, in particular, public sector banks (PSBs). It has been slightly over a month since the latest fraud in the Indian banking sector broke news. Success has many fathers; failures none. Hence, there has been the usual blame game, passing the buck, and a tonne of honking, mostly short-term and knee-jerk reactions. These appear to have prevented the participants in this cacophony fro
ఫిబ్ర 10, 2018
India’s Economic Reforms: Reflections on the Unfinished Agenda
Introduction Governor Patel and friends, The Reserve Bank of India (RBI) has occupied a special place in my thoughts ever since I was here as a Special Adviser thirty-four years ago. It was an immensely enjoyable period of my life, not least because my ring-side position taught me more about public policy than any number of scholarly books and papers. Public policy was also the mission of Mr. L.K. Jha’s exceptionally distinguished career. He was, without question, one
Professor Vijay Joshi, Emeritus Fellow, Merton College, Oxford
Introduction Governor Patel and friends, The Reserve Bank of India (RBI) has occupied a special place in my thoughts ever since I was here as a Special Adviser thirty-four years ago. It was an immensely enjoyable period of my life, not least because my ring-side position taught me more about public policy than any number of scholarly books and papers. Public policy was also the mission of Mr. L.K. Jha’s exceptionally distinguished career. He was, without question, one
జన 15, 2018
Understanding and Managing Interest Rate Risk at Banks
Let me at the outset wish all of you a happy and healthy New Year. Thank you to Fixed Income Money Markets and Derivatives Association (FIIMDA) and its organizing team for inviting me to deliver this keynote address at its Annual Meet. I will speak today about understanding and managing better the interest rate risk at Indian banks. I will start, however, by looking elsewhere and historically, often a very good place to start. In the period after the Global Financial
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
Let me at the outset wish all of you a happy and healthy New Year. Thank you to Fixed Income Money Markets and Derivatives Association (FIIMDA) and its organizing team for inviting me to deliver this keynote address at its Annual Meet. I will speak today about understanding and managing better the interest rate risk at Indian banks. I will start, however, by looking elsewhere and historically, often a very good place to start. In the period after the Global Financial
జన 10, 2018
Regulation and Financial Stability
Shri Hemant Bangur, President, Merchant Chamber of Commerce and Industry, Shri Pawan Bajaj, MD and CEO, United Bank of India, other dignitaries on the dais, friends from the print and electronic media, ladies and gentlemen. I am happy to be here in front of this august gathering to share my thoughts on ‘’Regulations and Financial Stability’’. The financial system and markets have to be subject to suitable regulation. Therefore, the macroeconomic policies and prudentia
Shri N.S. Vishwanathan, Executive Director, Reserve Bank of India
Shri Hemant Bangur, President, Merchant Chamber of Commerce and Industry, Shri Pawan Bajaj, MD and CEO, United Bank of India, other dignitaries on the dais, friends from the print and electronic media, ladies and gentlemen. I am happy to be here in front of this august gathering to share my thoughts on ‘’Regulations and Financial Stability’’. The financial system and markets have to be subject to suitable regulation. Therefore, the macroeconomic policies and prudentia
నవం 20, 2017
One Year in the Life of India's Monetary Policy Committee
At 2.30 pm on October 4, 2017 the resolution of the Monetary Policy Committee (MPC) was released on the website of the Reserve Bank of India (RBI) and history was made in a small way. Exactly a year ago, a page was turned on a tradition that went back to the origins of the RBI in pre-independent India. The monetary policy decision, hitherto made solely by the Governor of the RBI, was ceded to a six-member committee comprising the Governor as the Chairperson, the Deput
Dr. Michael Debabrata Patra, Executive Director, Reserve Bank of India
At 2.30 pm on October 4, 2017 the resolution of the Monetary Policy Committee (MPC) was released on the website of the Reserve Bank of India (RBI) and history was made in a small way. Exactly a year ago, a page was turned on a tradition that went back to the origins of the RBI in pre-independent India. The monetary policy decision, hitherto made solely by the Governor of the RBI, was ceded to a six-member committee comprising the Governor as the Chairperson, the Deput
నవం 16, 2017
Monetary Transmission in India: Why is it important and why hasn’t it worked well?
When I travel from my residence in Vile Parle (W) to the Reserve Bank of India Central Office in Fort, I pass each way Kenilworth – the birth place of late Homi Jehangir Bhabha. It is a good way to start and end the day, being reminded not just of his immense intellect but also of his deep sense of service to India. I am thus grateful to Professor Dipan Ghosh, who was the Dean of Students during my time at IIT Bombay, for inviting me to speak today in the Homi Bhabha
Dr. Viral V. Acharya, Deputy Governor, Reserve Bank of India
When I travel from my residence in Vile Parle (W) to the Reserve Bank of India Central Office in Fort, I pass each way Kenilworth – the birth place of late Homi Jehangir Bhabha. It is a good way to start and end the day, being reminded not just of his immense intellect but also of his deep sense of service to India. I am thus grateful to Professor Dipan Ghosh, who was the Dean of Students during my time at IIT Bombay, for inviting me to speak today in the Homi Bhabha
జులై 15, 2017
Priority Sector Lending – Status, Issues and Future Agenda
Colleagues from College of Agricultural Banking (CAB); In-charges of Priority Sector Lending in various banks assembled here and my colleagues from various regional offices of RBI who have joined over video Conference- A very Good Morning to all of you! I consider hosting of this Conference on Credit Flow to priority sector by the CAB, a very timely initiative indeed. Such conferences are extremely important as they provide a platform for exchange of views and feedbac
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Colleagues from College of Agricultural Banking (CAB); In-charges of Priority Sector Lending in various banks assembled here and my colleagues from various regional offices of RBI who have joined over video Conference- A very Good Morning to all of you! I consider hosting of this Conference on Credit Flow to priority sector by the CAB, a very timely initiative indeed. Such conferences are extremely important as they provide a platform for exchange of views and feedbac
సెప్టెం 24, 2016
Financial Inclusion in India – The Journey so far and the Way Ahead
Shri Santhosh Kumar Gangwarji, Honorable Minister of State for Finance, Government of India; Shri Ashwani Kumar, Chairman, IBA & CMD, Dena Bank; Shri Rajiv Rishi, Deputy Chairman, IBA & CMD, Central Bank of India; Dr. Madnesh Kumar Mishra, JS(DFS) & Mission Director-Financial Inclusion, GOI; delegates to the Workshop; ladies and gentleman! At the outset, I would like to compliment Department of Financial services, GOI and IBA for organizing this workshop o
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri Santhosh Kumar Gangwarji, Honorable Minister of State for Finance, Government of India; Shri Ashwani Kumar, Chairman, IBA & CMD, Dena Bank; Shri Rajiv Rishi, Deputy Chairman, IBA & CMD, Central Bank of India; Dr. Madnesh Kumar Mishra, JS(DFS) & Mission Director-Financial Inclusion, GOI; delegates to the Workshop; ladies and gentleman! At the outset, I would like to compliment Department of Financial services, GOI and IBA for organizing this workshop o
ఆగ 26, 2016
Strengthening Our Debt Markets
Thank you for inviting me to speak to FEDAI. In the last few weeks, in successive speeches, I have outlined the RBI’s approach to inflation, distressed debt, financial inclusion, and banking sector reform. I want to speak today about debt markets and associated derivatives; why we need them to be deep and liquid, why, in addition to central and state governments, we need riskier firms and projects to be able to access the bond markets for funds, why we need to encoura
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Thank you for inviting me to speak to FEDAI. In the last few weeks, in successive speeches, I have outlined the RBI’s approach to inflation, distressed debt, financial inclusion, and banking sector reform. I want to speak today about debt markets and associated derivatives; why we need them to be deep and liquid, why, in addition to central and state governments, we need riskier firms and projects to be able to access the bond markets for funds, why we need to encoura
జులై 29, 2016
Targeted Attacks: Protection of Critical Infrastructure of the Country & Capacity Building
I am indeed glad to be present here today as we conclude the deliberations on an important topical area – pertaining to cyber security and protection of critical infrastructure from cyber threats, coupled with capacity building in this crucial area of importance. I must congratulate the organisers on having chosen the theme of this summit, given the concerns emanating from cyber security related incidents. 2. We are at a critical juncture in the world of today which i
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
I am indeed glad to be present here today as we conclude the deliberations on an important topical area – pertaining to cyber security and protection of critical infrastructure from cyber threats, coupled with capacity building in this crucial area of importance. I must congratulate the organisers on having chosen the theme of this summit, given the concerns emanating from cyber security related incidents. 2. We are at a critical juncture in the world of today which i
జులై 26, 2016
Policy and Evidence
Good morning. It is a pleasure to welcome learned statisticians and economists from across the world to this Statistics Day celebration at the RBI. I am sure you will spend the day discussing advances in the fields of economics and statistics. These discussions will be very valuable. We certainly need to improve the quality and timeliness of our statistics, and big data can be very helpful. What I want to talk about this morning is, however, not the quality or timelin
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Good morning. It is a pleasure to welcome learned statisticians and economists from across the world to this Statistics Day celebration at the RBI. I am sure you will spend the day discussing advances in the fields of economics and statistics. These discussions will be very valuable. We certainly need to improve the quality and timeliness of our statistics, and big data can be very helpful. What I want to talk about this morning is, however, not the quality or timelin
జులై 19, 2016
Information Technology – New Gauntlets for Banks (Shri R. Gandhi, Deputy Governor - July 18, 2016 - at the 12th IDRBT Banking Technology Excellence Awards, Hyderabad)
Honourable Governor Dr Raghuram Rajan, members of the Governing Council of IDRBT, Chiefs of banks, Heads of IT departments of banks, Director, IDRBT, Faculty members, students, Ladies and Gentlemen. It gives me great pleasure to be present at the 12th IDRBT Banking Technology Awards. 2. I am glad to be back to be directly dealing with the subject of technology yet another time. I have the unique honour of having been and being associated with IDRBT in every possible r
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Honourable Governor Dr Raghuram Rajan, members of the Governing Council of IDRBT, Chiefs of banks, Heads of IT departments of banks, Director, IDRBT, Faculty members, students, Ladies and Gentlemen. It gives me great pleasure to be present at the 12th IDRBT Banking Technology Awards. 2. I am glad to be back to be directly dealing with the subject of technology yet another time. I have the unique honour of having been and being associated with IDRBT in every possible r
జులై 18, 2016
The Changing Paradigm for Financial Inclusion
Thank you for inviting me to address this seminar on equity, access, and inclusion. Financial inclusion is about (a) the broadening of financial services to those people and enterprises who do not have access to financial services sector ; (b) the deepening of financial services for those who have minimal financial services; and (c) greater financial literacy and consumer protection so that those who are offered financial products can make appropriate choices. The imp
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Thank you for inviting me to address this seminar on equity, access, and inclusion. Financial inclusion is about (a) the broadening of financial services to those people and enterprises who do not have access to financial services sector ; (b) the deepening of financial services for those who have minimal financial services; and (c) greater financial literacy and consumer protection so that those who are offered financial products can make appropriate choices. The imp
జూన్ 20, 2016
The fight against inflation: a measure of our institutional development
I thank the Tata Institute of Fundamental Research for inviting me to give this Foundation Day lecture. I have always seen TIFR with awe from afar. Some explanation is in order. My roommate in my first year at MIT was Dr. Renganathan Iyer, who is one of the smartest mathematicians I know – he used to help me understand my tutorials in real analysis. And he never missed an occasion to tell me how much smarter everyone else at TIFR was. Perhaps Renga was being modest, b
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
I thank the Tata Institute of Fundamental Research for inviting me to give this Foundation Day lecture. I have always seen TIFR with awe from afar. Some explanation is in order. My roommate in my first year at MIT was Dr. Renganathan Iyer, who is one of the smartest mathematicians I know – he used to help me understand my tutorials in real analysis. And he never missed an occasion to tell me how much smarter everyone else at TIFR was. Perhaps Renga was being modest, b
మే 12, 2016
Rethinking the Global Monetary System: Talk by Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, at the London School of Economics, May 10, 2016
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
ఏప్రి 07, 2016
Empowering MSMEs: Issues & Challenges
Shri Rajkumar Dhoot, Member of Parliament; Shri K.K. Jalan, Secretary, Ministry of MSME, Govt. of India; Shri Ashwani Kumar Chairman, Indian Banks’ Association & CMD, Dena Bank; Dr. Kshatrapati Shivaji, Chairman & Managing Director, SIDBI; Shri Sunil Kanoria, President, Assocham; dignitaries on the dais; distinguished colleagues from the banking fraternity; members of Assocham; representatives of the print and electronic media; ladies and gentlemen! Bringing t
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri Rajkumar Dhoot, Member of Parliament; Shri K.K. Jalan, Secretary, Ministry of MSME, Govt. of India; Shri Ashwani Kumar Chairman, Indian Banks’ Association & CMD, Dena Bank; Dr. Kshatrapati Shivaji, Chairman & Managing Director, SIDBI; Shri Sunil Kanoria, President, Assocham; dignitaries on the dais; distinguished colleagues from the banking fraternity; members of Assocham; representatives of the print and electronic media; ladies and gentlemen! Bringing t
మార్చి 12, 2016
Towards Rules of the Monetary Game
There are few areas of robust growth around the world, with the IMF repeatedly reducing its growth forecasts in recent quarters. This period of slow growth is particularly dangerous because both industrial countries and a number of emerging markets need high growth to quell rising domestic political tensions. Policies that attempt to divert growth from others rather than create new growth, or that create growth while fostering instability elsewhere, are more likely un
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
There are few areas of robust growth around the world, with the IMF repeatedly reducing its growth forecasts in recent quarters. This period of slow growth is particularly dangerous because both industrial countries and a number of emerging markets need high growth to quell rising domestic political tensions. Policies that attempt to divert growth from others rather than create new growth, or that create growth while fostering instability elsewhere, are more likely un
సెప్టెం 16, 2015
Financing India’s Growth - Challenges and Way Ahead
Shri Yaduvendra Mathur, Chairman & Managing Director, Export Import Bank of India; Shri Sunil Srivastava, Dy Managing Director, State Bank of India; Shri Alok Shriram, President , PHD Chamber of Commerce and Industry (PHDCCI); Shri Sanjeev Gupta, Chairman, Banking Committee, PHDCCI; delegates to the Summit; members of the print and electronic media; ladies and gentlemen! I am grateful to the PHD Chamber for inviting me to deliver the keynote address on a very impo
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri Yaduvendra Mathur, Chairman & Managing Director, Export Import Bank of India; Shri Sunil Srivastava, Dy Managing Director, State Bank of India; Shri Alok Shriram, President , PHD Chamber of Commerce and Industry (PHDCCI); Shri Sanjeev Gupta, Chairman, Banking Committee, PHDCCI; delegates to the Summit; members of the print and electronic media; ladies and gentlemen! I am grateful to the PHD Chamber for inviting me to deliver the keynote address on a very impo
ఆగ 25, 2015
Disruptive Innovation and Inclusive Growth – Some Random Thoughts
Friends, Disruptive Innovation 2. By this time, I am sure, you all have heard any number of times through these two days what a disruptive innovation is. Let me make you hear that one more time that it is an innovation that helps create a new market and value network and eventually disrupts an existing market and value network over a few years, displacing an earlier technology. 3. The theory of disruptive innovation was invented by Clayton Christensen, of Harvard Busi
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Friends, Disruptive Innovation 2. By this time, I am sure, you all have heard any number of times through these two days what a disruptive innovation is. Let me make you hear that one more time that it is an innovation that helps create a new market and value network and eventually disrupts an existing market and value network over a few years, displacing an earlier technology. 3. The theory of disruptive innovation was invented by Clayton Christensen, of Harvard Busi
జూన్ 30, 2015
Financial Education: Basics and Beyond
Shri P. K. Panda, Principal, CAB; Shri Sandip Ghose, Director, NiSM; delegates to Conference; my colleagues at RBI and friends from the banking fraternity! It is a pleasure to be here this morning to deliver the keynote address at this Conference on Financial Literacy. I understand that it is quite a heterogeneous group with representation of various stake holders in the field of financial inclusion, literacy and consumer protection and hence, I believe you would have
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Shri P. K. Panda, Principal, CAB; Shri Sandip Ghose, Director, NiSM; delegates to Conference; my colleagues at RBI and friends from the banking fraternity! It is a pleasure to be here this morning to deliver the keynote address at this Conference on Financial Literacy. I understand that it is quite a heterogeneous group with representation of various stake holders in the field of financial inclusion, literacy and consumer protection and hence, I believe you would have
ఏప్రి 20, 2015
Differentiated Banks: Design Challenges
In a dynamic growth-oriented economy, the financial sector needs to keep pace with the demands of the real sector. It is crucial that the financial system is flexible and competitive to cope with multiple objectives and demands made on it by various constituents of the economy. The financial sector comes of age when it has diverse institutions, catering to different segments, ranging from retail to wholesale, micro-finance to project finance, nurturing specific sector
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
In a dynamic growth-oriented economy, the financial sector needs to keep pace with the demands of the real sector. It is crucial that the financial system is flexible and competitive to cope with multiple objectives and demands made on it by various constituents of the economy. The financial sector comes of age when it has diverse institutions, catering to different segments, ranging from retail to wholesale, micro-finance to project finance, nurturing specific sector
ఏప్రి 02, 2015
RBI celebrates its 80th Anniversary
आदरणीय प्रधान मंत्री श्री नरेंद्र मोदी जी, महाराष्ट्र गवर्नर श्री विद्यासाग्गर जी, वित्त मंत्री श्री अरुण जैटली जी, मुख्य मंत्री श्री देवेंद्र फड्नवीस, अन्य विशिष्ट अतिथिगण, मेरे RBI के साथियों, देवियों और सज्जनों। आज भारतीय रिज़र्व बैंक ने अस्सी वर्ष पूरे कर लिए हैं। आदमी के जीवन में अस्सी वर्ष काफी लंबा समय होता है। दक्षिण भारत में अस्सी वर्ष पूरे करने पर सदाभिषेकम नाम से एक समारोह मनाया जाता है। तो एक तरह से आज हम भारतीय रिज़र्व बैंक का सदाभिषेकम मना रहें है। लेकिन
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
आदरणीय प्रधान मंत्री श्री नरेंद्र मोदी जी, महाराष्ट्र गवर्नर श्री विद्यासाग्गर जी, वित्त मंत्री श्री अरुण जैटली जी, मुख्य मंत्री श्री देवेंद्र फड्नवीस, अन्य विशिष्ट अतिथिगण, मेरे RBI के साथियों, देवियों और सज्जनों। आज भारतीय रिज़र्व बैंक ने अस्सी वर्ष पूरे कर लिए हैं। आदमी के जीवन में अस्सी वर्ष काफी लंबा समय होता है। दक्षिण भारत में अस्सी वर्ष पूरे करने पर सदाभिषेकम नाम से एक समारोह मनाया जाता है। तो एक तरह से आज हम भारतीय रिज़र्व बैंक का सदाभिषेकम मना रहें है। लेकिन
మార్చి 23, 2015
Corporate Debt Market: What needs to be done - A Reaffirmation
Good morning ladies and gentlemen! 2. I would like to thank CARE Ratings for taking this initiative of holding this Summit on the corporate debt market. As I can see, the seminar is quite exhaustive in content and we will be having some excellent speakers representing various segments of the industry and hence it will be very interesting to hear their views. As a regulator, we in the Reserve Bank do have our own approach to the development of any market, but to hear t
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Good morning ladies and gentlemen! 2. I would like to thank CARE Ratings for taking this initiative of holding this Summit on the corporate debt market. As I can see, the seminar is quite exhaustive in content and we will be having some excellent speakers representing various segments of the industry and hence it will be very interesting to hear their views. As a regulator, we in the Reserve Bank do have our own approach to the development of any market, but to hear t
మార్చి 20, 2015
Defeating Poverty: Issues and Challenges
Mr. Sameer Kochhar, Chairman, Skoch Group; other dignitaries on the dais and in the audience; delegates to the Summit; members of the print and electronic media; ladies and gentlemen! It is a pleasure and privilege for me to be present here today at the inaugural session of the 39th Skoch Summit on the theme of ‘Defeating Poverty’. The theme of this conference is extremely relevant at the current juncture when the groundwork on linking each household to the banking se
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Mr. Sameer Kochhar, Chairman, Skoch Group; other dignitaries on the dais and in the audience; delegates to the Summit; members of the print and electronic media; ladies and gentlemen! It is a pleasure and privilege for me to be present here today at the inaugural session of the 39th Skoch Summit on the theme of ‘Defeating Poverty’. The theme of this conference is extremely relevant at the current juncture when the groundwork on linking each household to the banking se
మార్చి 17, 2015
Spillovers from Unconventional Monetary Policy—Lessons for Emerging Markets
Photographs Introduction Good afternoon, Ladies and Gentlemen. Governor Rajan, thank you for your generous introduction, and for inviting me to speak before this distinguished audience today. It is indeed a privilege to share the stage with Dr. Rajan, one of the world’s most highly regarded financial economists, one whom the Fund is fortunate enough to have had as its Economic Counselor. Raghu certainly has been very busy since he took over Governor of the RBI in Sept
Christine Lagarde, IMF Managing Director
Photographs Introduction Good afternoon, Ladies and Gentlemen. Governor Rajan, thank you for your generous introduction, and for inviting me to speak before this distinguished audience today. It is indeed a privilege to share the stage with Dr. Rajan, one of the world’s most highly regarded financial economists, one whom the Fund is fortunate enough to have had as its Economic Counselor. Raghu certainly has been very busy since he took over Governor of the RBI in Sept
మార్చి 03, 2015
Recent Policy initiatives in Credit Information Sharing
Shri M.V.Nair, Chairman, CIBIL; Ms. Arundhati Bhattacharya, Chairman, SBI; Shri T.M. Bhasin, Chairman, IBA; Shri Arun Thukral, Managing Director, CIBIL; delegates to the Conference; ladies and gentlemen! It is a pleasure for me to be present here this morning to deliver the keynote address at the Seventh Annual CIBIL TransUnion Credit Information Conference. Background 2. Consequent to the recommendations of the ‘Working Group to explore the possibilities of setting u
Shri R. Gandhi, Deputy Governor, Reserve Bank of India
Shri M.V.Nair, Chairman, CIBIL; Ms. Arundhati Bhattacharya, Chairman, SBI; Shri T.M. Bhasin, Chairman, IBA; Shri Arun Thukral, Managing Director, CIBIL; delegates to the Conference; ladies and gentlemen! It is a pleasure for me to be present here this morning to deliver the keynote address at the Seventh Annual CIBIL TransUnion Credit Information Conference. Background 2. Consequent to the recommendations of the ‘Working Group to explore the possibilities of setting u
నవం 21, 2014
Economic Outlook and Role of Monetary Policy in funding Infrastructure projects
Delegates to the Summit, ladies and gentlemen! It is indeed a pleasure to be here this morning to interact with you. I thank Citibank and in particular, Mr. Pramit Jhaveri for inviting me to this summit. I must say that the theme for the summit is more topical than ever before in the aftermath of the Global Financial Crisis. We are seeing some positives towards recovery from the downtrend witnessed by the Indian economy since 2007-08. You have already heard the perspe
Shri S. S. Mundra, Deputy Governor, Reserve Bank of India
Delegates to the Summit, ladies and gentlemen! It is indeed a pleasure to be here this morning to interact with you. I thank Citibank and in particular, Mr. Pramit Jhaveri for inviting me to this summit. I must say that the theme for the summit is more topical than ever before in the aftermath of the Global Financial Crisis. We are seeing some positives towards recovery from the downtrend witnessed by the Indian economy since 2007-08. You have already heard the perspe
అక్టో 07, 2014
Role of Financial Sector in Spurring Growth and Expanding Financial Inclusion in North Eastern Region
Introduction The North Eastern Region (NER) of India constitutes eight states namely Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim1.The NER is a unique socio-cultural segment in the country, richly endowed with natural resources with fertile land, identified as one of the most bio-diverse regions in the World. However, the development of the NER has lagged the rest of the country. The task of development of NER emanating from its
Shri P. Vijaya Bhaskar, Executive Director, Reserve Bank of India
Introduction The North Eastern Region (NER) of India constitutes eight states namely Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim1.The NER is a unique socio-cultural segment in the country, richly endowed with natural resources with fertile land, identified as one of the most bio-diverse regions in the World. However, the development of the NER has lagged the rest of the country. The task of development of NER emanating from its
సెప్టెం 02, 2014
Financial Intermediation for All – Economic Growth with Equity
At the very outset, I thank Dun & Bradstreet for the kind invitation to address the Financial Inclusion conclave today. I attach a great deal of value to this interaction. Financial Inclusion Financial Inclusion is defined as the process of ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular at an affordable cost in a fair a
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
At the very outset, I thank Dun & Bradstreet for the kind invitation to address the Financial Inclusion conclave today. I attach a great deal of value to this interaction. Financial Inclusion Financial Inclusion is defined as the process of ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular at an affordable cost in a fair a
ఆగ 11, 2014
Finance and Opportunity in India
The late Mr. Lalit Doshi was an IAS officer who passed away at the young age of 52 in 1994. He had a distinguished official career even though it was cruelly cut short. Lalit Doshi was one of those bureaucrats who have constituted the steel frame of this country. It was said of him: "He always had a smile on his face irrespective of the magnitude and the tension of work". In these days where work seems perpetual and overwhelming, he sounds like someone who it would ha
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
The late Mr. Lalit Doshi was an IAS officer who passed away at the young age of 52 in 1994. He had a distinguished official career even though it was cruelly cut short. Lalit Doshi was one of those bureaucrats who have constituted the steel frame of this country. It was said of him: "He always had a smile on his face irrespective of the magnitude and the tension of work". In these days where work seems perpetual and overwhelming, he sounds like someone who it would ha
జులై 25, 2014
Rural Finance: Issues & Challenges
At the outset, I thank National Bank for Agriculture and Rural Development (NABARD) for inviting me to this esteemed gathering of experts in the field of rural finance. I am happy that NABARD has organised this National Seminar to mark the completion of 32 years of its existence. Built upon the legacy of Agricultural Credit Department of the Reserve Bank of India and the Agriculture Refinance Development Corporation (ARDC), NABARD today has carved for itself a special
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
At the outset, I thank National Bank for Agriculture and Rural Development (NABARD) for inviting me to this esteemed gathering of experts in the field of rural finance. I am happy that NABARD has organised this National Seminar to mark the completion of 32 years of its existence. Built upon the legacy of Agricultural Credit Department of the Reserve Bank of India and the Agriculture Refinance Development Corporation (ARDC), NABARD today has carved for itself a special
జులై 24, 2014
Unconventional Monetary Policy and the Indian Economy
I thank Governor Cabraal for this opportunity to share with you our experience in handling the spillover from unconventional monetary policy being followed by many advanced economies. Conventionally, central banks operate monetary policy with an interest rate instrument. For example, they raise the policy interest rate to signal a tighter monetary policy and vice versa. However, this procedure has limits. In abnormal times, if central banks were to sharply loosen thei
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Governor Cabraal for this opportunity to share with you our experience in handling the spillover from unconventional monetary policy being followed by many advanced economies. Conventionally, central banks operate monetary policy with an interest rate instrument. For example, they raise the policy interest rate to signal a tighter monetary policy and vice versa. However, this procedure has limits. In abnormal times, if central banks were to sharply loosen thei
మే 28, 2014
Concerns about Competitive Monetary Easing
Good morning. The world seems to be struggling back to its feet after the great financial crisis, and financial markets are buoyant. This is partly because central bankers are collectively engaged in extreme monetary easing through unconventional policies. I have two worries about this environment. First, unconventional policies tend to be feasible when domestic commercial banks are willing to accumulate significant central bank reserves without question. But those ar
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Good morning. The world seems to be struggling back to its feet after the great financial crisis, and financial markets are buoyant. This is partly because central bankers are collectively engaged in extreme monetary easing through unconventional policies. I have two worries about this environment. First, unconventional policies tend to be feasible when domestic commercial banks are willing to accumulate significant central bank reserves without question. But those ar
ఏప్రి 22, 2014
Currency Management in India: Issues and Challenges
Mr. Tom Ferguson, Chairman, Banknote Conference 2014; Mr. Tim Vigotsky, Director, Banknote Conference 2014, my fellow speakers - Mr. Barna Barabas, DMD, Jura Security Printing Alliance; Dr. Wolfram Seidemann, Managing Director, Louisenthal; other delegates; ladies & gentlemen. At the outset, I thank the organizers of Banknote Conference 2014 for inviting me to speak at this august gathering. From the contents of the Conference Schedule and from the feedback that I
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. Tom Ferguson, Chairman, Banknote Conference 2014; Mr. Tim Vigotsky, Director, Banknote Conference 2014, my fellow speakers - Mr. Barna Barabas, DMD, Jura Security Printing Alliance; Dr. Wolfram Seidemann, Managing Director, Louisenthal; other delegates; ladies & gentlemen. At the outset, I thank the organizers of Banknote Conference 2014 for inviting me to speak at this august gathering. From the contents of the Conference Schedule and from the feedback that I
ఏప్రి 10, 2014
Competitive Monetary Easing: Is it yesterday once more?
Good morning. As the world seems to be struggling back to its feet after the great financial crisis, I want to draw attention to an area we need to be concerned about: the conduct of monetary policy in this integrated world. A good way to describe the current environment is one of extreme monetary easing through unconventional policies. In a world where debt overhangs and the need for structural change constrain domestic demand, a sizeable portion of the effects of su
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Good morning. As the world seems to be struggling back to its feet after the great financial crisis, I want to draw attention to an area we need to be concerned about: the conduct of monetary policy in this integrated world. A good way to describe the current environment is one of extreme monetary easing through unconventional policies. In a world where debt overhangs and the need for structural change constrain domestic demand, a sizeable portion of the effects of su
ఏప్రి 02, 2014
Regulation of Indian Debt & Derivatives Markets: Some perspectives on post-crisis paradigm
Shri. N. S. Venkatesh, Chairman, Fixed Income Money Market Derivatives Association (FIMMDA), Shri B. Prasanna, Chairman, Primary Dealers Association of India (PDAI), Sri. C.E.S. Azariah, outgoing Chief Executive Officer and Shri Prasad, incoming CEO of the FIMMDA, distinguished speakers and panellists and delegates to the conference. It gives me immense pleasure to be amidst you all for the 15th annual meeting of the FIMMDA and the PDAI in this beautiful, historic cit
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Shri. N. S. Venkatesh, Chairman, Fixed Income Money Market Derivatives Association (FIMMDA), Shri B. Prasanna, Chairman, Primary Dealers Association of India (PDAI), Sri. C.E.S. Azariah, outgoing Chief Executive Officer and Shri Prasad, incoming CEO of the FIMMDA, distinguished speakers and panellists and delegates to the conference. It gives me immense pleasure to be amidst you all for the 15th annual meeting of the FIMMDA and the PDAI in this beautiful, historic cit
ఏప్రి 01, 2014
Inclusion, Growth and Governance- Issues and Way Forward
Lord Meghnad Desai, Professor Emeritus, London School of Economics; Shri Rana Kapoor, Managing Director & CEO, Yes Bank and President, ASSOCHAM; Shri Sameer Kochhar, Chairman, SKOCH Group; members of the print and electronic media; ladies and gentlemen! It is a pleasure and privilege for me to be present here today at the inaugural session of this SKOCH Summit which features the theme of ‘Inclusion, Growth and Governance’. The theme of the conference is particular
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Lord Meghnad Desai, Professor Emeritus, London School of Economics; Shri Rana Kapoor, Managing Director & CEO, Yes Bank and President, ASSOCHAM; Shri Sameer Kochhar, Chairman, SKOCH Group; members of the print and electronic media; ladies and gentlemen! It is a pleasure and privilege for me to be present here today at the inaugural session of this SKOCH Summit which features the theme of ‘Inclusion, Growth and Governance’. The theme of the conference is particular
మార్చి 04, 2014
Financial Inclusion - The Indian Model – Challenges and Prospects
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
ఫిబ్ర 26, 2014
Fighting Inflation
Thank you for inviting me. The Fixed Income Money Market and Derivatives Association of India (FIMMDA) has been playing an important role in the Indian bond, money and derivatives markets. It has been working with the Reserve Bank in various capacities and has helped us address emerging challenges. I thank all of you for that. The sessions in the conference are all of current interest, and therefore I have chosen to speak on an issue, inflation, which is of paramount
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Thank you for inviting me. The Fixed Income Money Market and Derivatives Association of India (FIMMDA) has been playing an important role in the Indian bond, money and derivatives markets. It has been working with the Reserve Bank in various capacities and has helped us address emerging challenges. I thank all of you for that. The sessions in the conference are all of current interest, and therefore I have chosen to speak on an issue, inflation, which is of paramount
ఫిబ్ర 13, 2014
Inclusive Growth and the Role Technology Can Play in It
Thank you for inviting me to speak here today. Shri D.R. Gadgil is well known not only as an economist but also as a great educationist and a statesman, having served as a member of Rajya Sabha. We all know of the great contribution he made towards the distribution of plan transfers amongst the Indian states through the famous ‘Gadgil Formula’. The Gadgil formula attempted to ensure that there was objectivity in distribution of funds amongst the states in India. He wr
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Thank you for inviting me to speak here today. Shri D.R. Gadgil is well known not only as an economist but also as a great educationist and a statesman, having served as a member of Rajya Sabha. We all know of the great contribution he made towards the distribution of plan transfers amongst the Indian states through the famous ‘Gadgil Formula’. The Gadgil formula attempted to ensure that there was objectivity in distribution of funds amongst the states in India. He wr
ఫిబ్ర 12, 2014
Financial Inclusion: Technology, Institutions and Policies
Distinguished members of NASSCOM and distinguished guests: Thank you for inviting me to speak here today. The Indian information and communications technology industry that you represent has a proud history of accomplishment. You have done India great service, not just by creating a world class industry but also by showing the rest of us what is possible. I am hopeful that financial firms can join hands with you to build a technology-enabled financial sector that can
Dr. Raghuram G. Rajan, Governor, Reserve Bank of India
Distinguished members of NASSCOM and distinguished guests: Thank you for inviting me to speak here today. The Indian information and communications technology industry that you represent has a proud history of accomplishment. You have done India great service, not just by creating a world class industry but also by showing the rest of us what is possible. I am hopeful that financial firms can join hands with you to build a technology-enabled financial sector that can
జన 29, 2014
Strategy adopted for Financial Inclusion
One of the major challenges for next decade or more to banks in the country is to capture the banking business of over 50% population of this country of over 1.2 billion people. Poor people need to be provided with access to financial products at low transaction cost. They need to be provided assistance on the demand side (in terms of financial awareness and literacy) as well as on the supply side (in the form of availability of customized financial products). Taking
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
One of the major challenges for next decade or more to banks in the country is to capture the banking business of over 50% population of this country of over 1.2 billion people. Poor people need to be provided with access to financial products at low transaction cost. They need to be provided assistance on the demand side (in terms of financial awareness and literacy) as well as on the supply side (in the form of availability of customized financial products). Taking
జన 13, 2014
Why is Recent Food Inflation in India so Persistent?
It is an honour for me to deliver this year’s Annual Lalit Doshi Memorial Lecture. I thank Principal Dr. Fr. Frazer Mascarenhas, Dr. Aditi Sawant and Ms. Nikita Kohli for this opportunity. The St. Xavier's College has the distinction of producing many leaders and intellectuals, and Lalit Doshi was a giant among them. He was an accomplished economic administrator and thinker. He made immense policy contributions to aid the industrial progress in our country, and in par
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
It is an honour for me to deliver this year’s Annual Lalit Doshi Memorial Lecture. I thank Principal Dr. Fr. Frazer Mascarenhas, Dr. Aditi Sawant and Ms. Nikita Kohli for this opportunity. The St. Xavier's College has the distinction of producing many leaders and intellectuals, and Lalit Doshi was a giant among them. He was an accomplished economic administrator and thinker. He made immense policy contributions to aid the industrial progress in our country, and in par
డిసెం 26, 2013
Unconventional Monetary Policy: The Indian Experience with Crisis Response and Policy Exit
I thank Principal Uma Subramaniam for this opportunity to interact with you on unconventional monetary policy. The seminar is topical and timely. It is now 5 years since the collapse of the Lehman Brothers in September 2008, which evoked unprecedented monetary policy activism – both conventional and unconventional - across the advanced and emerging market economies (EMEs). It is for the first time on December 18, 2013 that the US Fed announced concrete measures to exi
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Principal Uma Subramaniam for this opportunity to interact with you on unconventional monetary policy. The seminar is topical and timely. It is now 5 years since the collapse of the Lehman Brothers in September 2008, which evoked unprecedented monetary policy activism – both conventional and unconventional - across the advanced and emerging market economies (EMEs). It is for the first time on December 18, 2013 that the US Fed announced concrete measures to exi
డిసెం 10, 2013
Financial Inclusion in India – An Assessment
“Overcoming poverty is not a gesture of charity. It is an act of justice. It is the protection of a fundamental human right, the right to dignity and a decent life. While poverty persists, there is no true freedom. Sometimes it falls upon a generation to be great. You can be that great generation. Let your greatness blossom. Of course, the task will not be easy. But not to do this would be a crime against humanity, against which I ask all humanity now to rise up." - N
Shri P. Vijaya Bhaskar, Executive Director, Reserve Bank of India
“Overcoming poverty is not a gesture of charity. It is an act of justice. It is the protection of a fundamental human right, the right to dignity and a decent life. While poverty persists, there is no true freedom. Sometimes it falls upon a generation to be great. You can be that great generation. Let your greatness blossom. Of course, the task will not be easy. But not to do this would be a crime against humanity, against which I ask all humanity now to rise up." - N
డిసెం 09, 2013
Moving Financial Capability Forward: Innovation Scale and Impact
Dear friends , I am honoured to be here today at the tenth anniversary of the summit on financial literacy and thank Citi and FT for having me here, and of course, my friend David Pilling for the opportunity to share the India experience. David we are out of the woods! I confirm this. As all the people in this room know, financial literacy has emerged as a focus area for policy makers all across the globe, in the wake of the global financial crisis. Financial literacy
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
Dear friends , I am honoured to be here today at the tenth anniversary of the summit on financial literacy and thank Citi and FT for having me here, and of course, my friend David Pilling for the opportunity to share the India experience. David we are out of the woods! I confirm this. As all the people in this room know, financial literacy has emerged as a focus area for policy makers all across the globe, in the wake of the global financial crisis. Financial literacy
నవం 29, 2013
Financial Inclusion - Journey so far and Road Ahead
1. Mr Tamal Bandopadhyay Deputy Managing Director, Mr Sukumar, Editor Mint, distinguished guests ,ladies and gentlemen ,at the very outset let me say that I am extremely happy to be here with you this beautiful evening and thank the Editor Mint for having me here, to share with you the RBI perspectives on the Financial Inclusion. I extend warm congratulations to Mint on celebrating a decade of engagement with these issues which concern us all. 2. Dr. Raghuram Rajan, h
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
1. Mr Tamal Bandopadhyay Deputy Managing Director, Mr Sukumar, Editor Mint, distinguished guests ,ladies and gentlemen ,at the very outset let me say that I am extremely happy to be here with you this beautiful evening and thank the Editor Mint for having me here, to share with you the RBI perspectives on the Financial Inclusion. I extend warm congratulations to Mint on celebrating a decade of engagement with these issues which concern us all. 2. Dr. Raghuram Rajan, h
అక్టో 31, 2013
Speech on Financial Inclusion delivered by Dr. (Smt) Deepali Pant Joshi, Executive Director, Reserve Bank of India at the Vth Dun and Bradstreet Conclave on Financial Inclusion – Kolkata on October 28, 2013
INTRODUCTION 1. Mr. Sampath Kumar, Ms Preetha Mishra and my dear ladies and gentlemen. I am delighted to be with you this morning for the inaugural session of the fifth Dun and Bradstreet Financial Inclusion Conclave. I extend warm congratulations to Dun and Bradstreet for hosting the event in the beautiful city of Kolkata. 2. Financial Inclusion is not a new dispensation. Bank Nationalisation in 1969 and the tremendous push for branch building which followed in its w
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
INTRODUCTION 1. Mr. Sampath Kumar, Ms Preetha Mishra and my dear ladies and gentlemen. I am delighted to be with you this morning for the inaugural session of the fifth Dun and Bradstreet Financial Inclusion Conclave. I extend warm congratulations to Dun and Bradstreet for hosting the event in the beautiful city of Kolkata. 2. Financial Inclusion is not a new dispensation. Bank Nationalisation in 1969 and the tremendous push for branch building which followed in its w
అక్టో 30, 2013
Ideas and Actions for Re-igniting India’s Growth and Shaping the Recovery
His Excellency, Dr. Arye Kumar Jagessur, High Commissioner of Mauritius in India; Dr. Ajay Pandey, Dean, IIM Ahmedabad; PGPX Chair Professor Anurag Agarwal, other faculty members and students of IIM Ahmedabad. Let me begin by thanking you for inviting me to CONNEXION 2013. I understand that this is an annual event organized by the students of the One-year Post-Graduate Programme in Management for Executives (PGPX) which brings together industry and academia for brains
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
His Excellency, Dr. Arye Kumar Jagessur, High Commissioner of Mauritius in India; Dr. Ajay Pandey, Dean, IIM Ahmedabad; PGPX Chair Professor Anurag Agarwal, other faculty members and students of IIM Ahmedabad. Let me begin by thanking you for inviting me to CONNEXION 2013. I understand that this is an annual event organized by the students of the One-year Post-Graduate Programme in Management for Executives (PGPX) which brings together industry and academia for brains
అక్టో 10, 2013
Regaining the Growth Momentum: Issues and Imperatives
Shri Pratip Chaudhuri, Former Chairman, State Bank of India; Dr. Rajan Saxena, Vice-Chancellor, Narsee Monjee Institute of Management Studies (NMIMS); Dr. Debashis Sanyal, Dean; Dr. Vrinda Kamat, Chairperson (MBA Banking); Mr. C. B. Ramamurthy, my former boss at Bank of Baroda; faculty and students of the School of Business Management, NMIMS University; distinguished invitees, members of the print and electronic media, ladies and gentlemen! At the outset let me congra
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri Pratip Chaudhuri, Former Chairman, State Bank of India; Dr. Rajan Saxena, Vice-Chancellor, Narsee Monjee Institute of Management Studies (NMIMS); Dr. Debashis Sanyal, Dean; Dr. Vrinda Kamat, Chairperson (MBA Banking); Mr. C. B. Ramamurthy, my former boss at Bank of Baroda; faculty and students of the School of Business Management, NMIMS University; distinguished invitees, members of the print and electronic media, ladies and gentlemen! At the outset let me congra
అక్టో 07, 2013
Certain Uncertainties, Uncertain Certainties: India in an interconnected world
Presentation 1. It is a pleasure to be here today at the 40th annual convention of the Department of Business Economics of the University of Delhi. Let me begin by congratulating the Department for selecting a very appropriate theme for the Convention – “Embracing uncertainty: India in an interconnected world”. The events over the last few years – beginning from the onset of the global financial crisis, the sovereign debt crisis and, more recently, the events triggere
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Presentation 1. It is a pleasure to be here today at the 40th annual convention of the Department of Business Economics of the University of Delhi. Let me begin by congratulating the Department for selecting a very appropriate theme for the Convention – “Embracing uncertainty: India in an interconnected world”. The events over the last few years – beginning from the onset of the global financial crisis, the sovereign debt crisis and, more recently, the events triggere
అక్టో 04, 2013
Financial Education Key to Promoting Financial Inclusion and Customer Protection
I am happy to be able to address, though not real time, various stakeholders from across the country on this important subject and also congratulate the CAB for focusing on this topical issue. Financial Education is a not a new idea for those present here but the enabling environment in terms of policy focus on inclusive growth and availability of technology for cost effective delivery of both banking services and financial education is of recent origin. There is a st
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
I am happy to be able to address, though not real time, various stakeholders from across the country on this important subject and also congratulate the CAB for focusing on this topical issue. Financial Education is a not a new idea for those present here but the enabling environment in terms of policy focus on inclusive growth and availability of technology for cost effective delivery of both banking services and financial education is of recent origin. There is a st
సెప్టెం 06, 2013
Financial Inclusion in India: Journey So Far And Way Forward
Mr. M Narendra, Chairman, Indian Overseas Bank; Mr. Y M Deosthalee, CMD, L&T Finance; Mr. Arun Tiwari, ED, Allahabad Bank, Ms. Shereen Bhan, Managing Editor,CNBC-TV18, delegates to the conclave; friends from the media fraternity; ladies and gentlemen! It is a pleasure for me to be present here today at the Conclave organized by CNBC TV 18 on the very topical subject of financial inclusion. I am particularly happy that a business news channel which has built up a c
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. M Narendra, Chairman, Indian Overseas Bank; Mr. Y M Deosthalee, CMD, L&T Finance; Mr. Arun Tiwari, ED, Allahabad Bank, Ms. Shereen Bhan, Managing Editor,CNBC-TV18, delegates to the conclave; friends from the media fraternity; ladies and gentlemen! It is a pleasure for me to be present here today at the Conclave organized by CNBC TV 18 on the very topical subject of financial inclusion. I am particularly happy that a business news channel which has built up a c
ఆగ 29, 2013
Five Years of Leading the Reserve Bank - Looking Ahead by Looking Back
First of all, my sincere thanks to the Nani Palkhivala Memorial Trust, particularly Shri Y.H. Malegam, the widely respected Chairman of the Trust, for extending me the honour of delivering the Palkhivala Memorial Lecture for this year. I know many eminent thought leaders had delivered this memorial lecture in the past, and I attach a lot of value to adding my name to that very select list. Nani Palkhivala 2. I did not have the privilege of meeting or interacting with
Dr. D. Subbarao, Governor, Reserve Bank of India
First of all, my sincere thanks to the Nani Palkhivala Memorial Trust, particularly Shri Y.H. Malegam, the widely respected Chairman of the Trust, for extending me the honour of delivering the Palkhivala Memorial Lecture for this year. I know many eminent thought leaders had delivered this memorial lecture in the past, and I attach a lot of value to adding my name to that very select list. Nani Palkhivala 2. I did not have the privilege of meeting or interacting with
ఆగ 23, 2013
Interest Rates and Economic Activity
I thank Ms. Preeta Misra, Director & Member Secretary, Association of Financial Professionals of India (AFPI) for this opportunity to interact with distinguished professionals of corporate India. In the recent period, there has been an animated debate on the role of interest rates in influencing real economic activities. In particular, the discussion has been on how a change in policy interest rate impacts the lending rates, and thereby industrial performance and
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Ms. Preeta Misra, Director & Member Secretary, Association of Financial Professionals of India (AFPI) for this opportunity to interact with distinguished professionals of corporate India. In the recent period, there has been an animated debate on the role of interest rates in influencing real economic activities. In particular, the discussion has been on how a change in policy interest rate impacts the lending rates, and thereby industrial performance and
జులై 24, 2013
Address of Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India at National Seminar on Consumer Protection – Agenda for Inclusive Growth, New Delhi on July 24, 2013
I congratulate Assocham on the timely initiative of hosting this event and bringing to the centre stage of debate very critical issues as customer Empowerment and Financial Inclusion. The “post crisis” world is governed by a new paradigm of customer empowerment. The financial crisis has highlighted the importance of financial consumer protection for the long-term stability of the global financial system. Rapid increase in the use of financial services brings into shar
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
I congratulate Assocham on the timely initiative of hosting this event and bringing to the centre stage of debate very critical issues as customer Empowerment and Financial Inclusion. The “post crisis” world is governed by a new paradigm of customer empowerment. The financial crisis has highlighted the importance of financial consumer protection for the long-term stability of the global financial system. Rapid increase in the use of financial services brings into shar
జులై 18, 2013
Central Banking in Emerging Economies Emerging Challenges
First of all, my thanks to the European Economics and Financial Centre for inviting me to speak at the Distinguished Speakers Seminar. It is an honour to which attach a lot of value. Central Banks - Triumph and Tribulation 2. In the years before the crisis, central bankers were a triumphant lot. The Great Moderation that they took credit for brought steady growth and low inflation in advanced economies, and rapid growth and stable inflation in emerging market economie
Dr. D. Subbarao, Governor, Reserve Bank of India
First of all, my thanks to the European Economics and Financial Centre for inviting me to speak at the Distinguished Speakers Seminar. It is an honour to which attach a lot of value. Central Banks - Triumph and Tribulation 2. In the years before the crisis, central bankers were a triumphant lot. The Great Moderation that they took credit for brought steady growth and low inflation in advanced economies, and rapid growth and stable inflation in emerging market economie
జులై 12, 2013
Internationalisation and Integration of Asian Capital Markets: Expanded Role for Asian Currencies, including the Renminbi
I am indeed indebted to the organizers, Lee Kuan Yew School of Public Policy, National University of Singapore for providing me this opportunity to share my thoughts on an issue, which has the potential to alter the global financial landscape in the years to come. 2. Global financial crisis and its aftermath have renewed the debates pertaining to functioning of international monetary system (IMS) and the need for multi-currency system. Is there a viable alternative fo
Shri G Padmanabhan, Executive Director, Reserve Bank of India
I am indeed indebted to the organizers, Lee Kuan Yew School of Public Policy, National University of Singapore for providing me this opportunity to share my thoughts on an issue, which has the potential to alter the global financial landscape in the years to come. 2. Global financial crisis and its aftermath have renewed the debates pertaining to functioning of international monetary system (IMS) and the need for multi-currency system. Is there a viable alternative fo
జూన్ 08, 2013
Revving up the Growth Engine through Financial Inclusion
Mr. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission; Mr. U.K. Sinha, Chairman, SEBI; Mr. Sameer Kochhar, Chairman, Skoch Group; Ms. Stuti Kacker, Secretary, Department of Disability Affairs, Ministry of Social Justice and Empowerment; Mr. S.S. Tarapore, Distinguished Fellow, Skoch Development Foundation; Ms. Chitra Ramkrishna, Managing Director and CEO, NSE; Mr. Bhaskar Pramanik, Chairman, Microsoft Corporation (India); delegates to the Summit; members of
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission; Mr. U.K. Sinha, Chairman, SEBI; Mr. Sameer Kochhar, Chairman, Skoch Group; Ms. Stuti Kacker, Secretary, Department of Disability Affairs, Ministry of Social Justice and Empowerment; Mr. S.S. Tarapore, Distinguished Fellow, Skoch Development Foundation; Ms. Chitra Ramkrishna, Managing Director and CEO, NSE; Mr. Bhaskar Pramanik, Chairman, Microsoft Corporation (India); delegates to the Summit; members of
మే 06, 2013
Indian Rural Banking Sector: Big Challenges and the Road Ahead
Respected Dr. Thingalaya, Former CMD Syndicate Bank, Dr. G. L. Easwara Prasad, Principal, Mangalore Institute of Technology and Engineering, senior bankers and dear students. I am extremely delighted to be amongst you in this prestigious institute which has several achievements in engineering studies to its credit in a very short span of time. I am honoured, privileged and happy to inaugurate this topical seminar aptly titled Indian Banking Sector Big Challenges and t
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
Respected Dr. Thingalaya, Former CMD Syndicate Bank, Dr. G. L. Easwara Prasad, Principal, Mangalore Institute of Technology and Engineering, senior bankers and dear students. I am extremely delighted to be amongst you in this prestigious institute which has several achievements in engineering studies to its credit in a very short span of time. I am honoured, privileged and happy to inaugurate this topical seminar aptly titled Indian Banking Sector Big Challenges and t
ఏప్రి 18, 2013
Presentation on Financial Inclusion and Financial Literacy
Dr. (Smt.) Deepali Pant Joshi, Executive Director, Reserve Bank of India
మార్చి 25, 2013
Efficacy of Monetary Policy Rules in India
I thank Professor Pami Dua for the opportunity to interact with this distinguished gathering of professors and young scholars.The Delhi School of Economics has a formidable reputation world over in teaching and research in economics. I will be speaking on the subject of monetary policy rules, not only because it relates to my area of work, but it offers considerable scope for research. My scheme of presentation is as follows. First, I begin by giving you a snapshot of
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Professor Pami Dua for the opportunity to interact with this distinguished gathering of professors and young scholars.The Delhi School of Economics has a formidable reputation world over in teaching and research in economics. I will be speaking on the subject of monetary policy rules, not only because it relates to my area of work, but it offers considerable scope for research. My scheme of presentation is as follows. First, I begin by giving you a snapshot of
మార్చి 13, 2013
India’s Macroeconomic Challenges Some Reserve Bank Perspectives
First of all many thanks to the London School of Economics for inviting me to deliver the fifth I.G. Patel Memorial Lecture. It is an honour to which I attach immense value. Dr. I.G. Patel 2. Dr. I.G. Patel represents a special bond between our two institutions - the Reserve Bank which I represent and the LSE where this lecture is instituted. Dr. Patel led both these institutions with great dignity and distinction, and is loved and respected by both our institutions.
Dr. D. Subbarao, Governor, Reserve Bank of India
First of all many thanks to the London School of Economics for inviting me to deliver the fifth I.G. Patel Memorial Lecture. It is an honour to which I attach immense value. Dr. I.G. Patel 2. Dr. I.G. Patel represents a special bond between our two institutions - the Reserve Bank which I represent and the LSE where this lecture is instituted. Dr. Patel led both these institutions with great dignity and distinction, and is loved and respected by both our institutions.
మార్చి 12, 2013
Financial Literacy and Financial Inclusion - Indian Way
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
మార్చి 08, 2013
Is There a New Normal for Inflation?
India recovered from the global financial crisis ahead of most other countries, but inflation too caught up with us sooner than elsewhere. As measured by the wholesale price index (WPI), inflation went marginally into negative territory for a few months into the crisis in 2009 and started rising sharply thereafter, clocking a peak rate of 10.9 per cent in April 20102. Average WPI inflation was 9.6 per cent in fiscal year 2010/11, 8.9 per cent in 2011/12 and 7.5 per ce
Dr. D. Subbarao, Governor, Reserve Bank of India
India recovered from the global financial crisis ahead of most other countries, but inflation too caught up with us sooner than elsewhere. As measured by the wholesale price index (WPI), inflation went marginally into negative territory for a few months into the crisis in 2009 and started rising sharply thereafter, clocking a peak rate of 10.9 per cent in April 20102. Average WPI inflation was 9.6 per cent in fiscal year 2010/11, 8.9 per cent in 2011/12 and 7.5 per ce
మార్చి 04, 2013
India-OECD-World Bank Regional Conference on Financial Education
Dr. D. Subbarao, Governor, Reserve Bank of India; Mr. Onno Ruhl, Country Director, the World Bank; Ambassador Richard Boucher, Deputy Secretary General, OECD; delegates from the OECD, the World Bank and from countries across the world; colleagues from Reserve Bank of India, other regulatory bodies and agencies involved in disseminating financial education in India; ladies and gentlemen. It is my proud privilege to welcome you all to India’s capital city of New Delhi,
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr. D. Subbarao, Governor, Reserve Bank of India; Mr. Onno Ruhl, Country Director, the World Bank; Ambassador Richard Boucher, Deputy Secretary General, OECD; delegates from the OECD, the World Bank and from countries across the world; colleagues from Reserve Bank of India, other regulatory bodies and agencies involved in disseminating financial education in India; ladies and gentlemen. It is my proud privilege to welcome you all to India’s capital city of New Delhi,
మార్చి 04, 2013
India-OECD-World Bank Regional Conference on Financial Education
Presentation RBI Partnership with OECD and World Bank 1. RBI is delighted to have this opportunity to partner with two premiere international institutions - the OECD and the World Bank - on this very important conference on financial education. 2. Hearty welcome to all the delegates from around the world and across India. RBI and Financial Literacy 3. Why is the Reserve Bank - a central bank, whose core concern is maintaining price stability and supporting growth - in
Dr. D. Subbarao, Governor, Reserve Bank of India
Presentation RBI Partnership with OECD and World Bank 1. RBI is delighted to have this opportunity to partner with two premiere international institutions - the OECD and the World Bank - on this very important conference on financial education. 2. Hearty welcome to all the delegates from around the world and across India. RBI and Financial Literacy 3. Why is the Reserve Bank - a central bank, whose core concern is maintaining price stability and supporting growth - in
మార్చి 04, 2013
Vote of Thanks by Shri G. Gopalakrishna, Executive Director at the India-OECD-World Bank Regional Conference on Financial Education, New Delhi on March 4, 2013
Respected Governor Dr. Subbarao, Ambassador Richard Boucher, Deputy Secretary General, OECD, Mr. Onno Ruhl, the World Bank, Dr. K.C. Chakrabarty and Dr. Urjit Patel, Deputy Governors, Reserve Bank of India, senior officials of Ministry of Finance, Government of India and State Governments, Ms. Flore-Anne Messy, OECD, distinguished delegates from OECD, the World Bank and SAARC countries, Chairmen and Managing Directors of banks, colleagues from the Reserve Bank, ladies
Shri G. Gopalakrishna, Executive Director, Reserve Bank of India
Respected Governor Dr. Subbarao, Ambassador Richard Boucher, Deputy Secretary General, OECD, Mr. Onno Ruhl, the World Bank, Dr. K.C. Chakrabarty and Dr. Urjit Patel, Deputy Governors, Reserve Bank of India, senior officials of Ministry of Finance, Government of India and State Governments, Ms. Flore-Anne Messy, OECD, distinguished delegates from OECD, the World Bank and SAARC countries, Chairmen and Managing Directors of banks, colleagues from the Reserve Bank, ladies
ఫిబ్ర 11, 2013
Banking as a Fundamental Right of People!
Com. Rajen Nagar, President and Com. C H Venkatachalam, General Secretary of All India Bank Employees Association (AIBEA), Shri P. Sainath, Rural Affairs Editor, The Hindu, Prof. Victor Louis Anthuvan, other office bearers of the AIBEA, Office bearers and delegates from other trade union bodies, guest delegates from abroad and dear friends. I am extremely happy to be here today in Kochi in the “God’s Own Country” to address this gathering of fellow bankers at this Nat
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Com. Rajen Nagar, President and Com. C H Venkatachalam, General Secretary of All India Bank Employees Association (AIBEA), Shri P. Sainath, Rural Affairs Editor, The Hindu, Prof. Victor Louis Anthuvan, other office bearers of the AIBEA, Office bearers and delegates from other trade union bodies, guest delegates from abroad and dear friends. I am extremely happy to be here today in Kochi in the “God’s Own Country” to address this gathering of fellow bankers at this Nat
ఫిబ్ర 04, 2013
What, Why, Who and How of Financial Literacy
Dr. Prakash Bakshi, Chairman, NABARD; Ms. Caitlin Wiesen, Country Director, UNDP India; Mr. Manoj K. Sharma, Director, MicroSave; delegates at the Workshop, ladies and gentlemen. As you all know, financial literacy has emerged as a focus area for policy makers not just in India, but all across the globe, particularly in the aftermath of the global financial crisis. Success in dissemination of financial literacy has been identified as key to meeting the critical object
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Dr. Prakash Bakshi, Chairman, NABARD; Ms. Caitlin Wiesen, Country Director, UNDP India; Mr. Manoj K. Sharma, Director, MicroSave; delegates at the Workshop, ladies and gentlemen. As you all know, financial literacy has emerged as a focus area for policy makers not just in India, but all across the globe, particularly in the aftermath of the global financial crisis. Success in dissemination of financial literacy has been identified as key to meeting the critical object
జన 31, 2013
Indian Inflation Puzzle
Respected dignitaries on the dais: Advocate V. R. Parnerkar, Advocate Laxmikant Parnerkar, Shri Pradip Palnitkar, Shri Mohan Tanksale, Justice Mhase, Dr. S. N. Pathan and Dr. Ashutosh Raravikar; Ladies and Gentlemen. It is indeed my honour that Late Dr. Ramchandra Parnerkar Outstanding Economics Award for 2013 has been bestowed upon me. I thank the Poornawad Charitable Trust and its Life Management Institute for this recognition. It is heartening to see that over the
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
Respected dignitaries on the dais: Advocate V. R. Parnerkar, Advocate Laxmikant Parnerkar, Shri Pradip Palnitkar, Shri Mohan Tanksale, Justice Mhase, Dr. S. N. Pathan and Dr. Ashutosh Raravikar; Ladies and Gentlemen. It is indeed my honour that Late Dr. Ramchandra Parnerkar Outstanding Economics Award for 2013 has been bestowed upon me. I thank the Poornawad Charitable Trust and its Life Management Institute for this recognition. It is heartening to see that over the
జన 30, 2013
Opening Remarks by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the OECD- World Bank Regional Dissemination Conference on Building Financial Capability at Nairobi, Kenya on January 30, 2013
Introduction Professor Njuguna Ndungú, Governor, Central Bank of Kenya, representatives from the Capital Market Authority, the Insurance Regulatory Authority and the Retirement Benefits Authority of Kenya, my colleagues from the OECD/INFE, World Bank, distinguished guests, ladies and gentlemen! It gives me immense pleasure to be here amidst you in the beautiful city of Nairobi, the safari capital of the world, to deliver the opening remarks in this OECD-World Bank Reg
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Introduction Professor Njuguna Ndungú, Governor, Central Bank of Kenya, representatives from the Capital Market Authority, the Insurance Regulatory Authority and the Retirement Benefits Authority of Kenya, my colleagues from the OECD/INFE, World Bank, distinguished guests, ladies and gentlemen! It gives me immense pleasure to be here amidst you in the beautiful city of Nairobi, the safari capital of the world, to deliver the opening remarks in this OECD-World Bank Reg
జన 29, 2013
Financial Inclusion of Urban Poor in India
Ms. Lata Krishnan, Chair, American India Foundation (AIF); Mr. M. A. Ravi Kumar, CEO, AIF; Prof. Sanghmitra S. Acharya, Jawaharlal Nehru University; Mr. Pradeep Kashyap, Vice Chair, AIF; Mr. Michael Markels from the World Bank; Ms. Kavita N. Ramdas, Ms. Madhu P. Kishwar, Mr. Mathew Titus and Ms. Sujata Lamba, the panelists for today’s discussion, Mr. Hanumant Rawat, Director, AIF; delegates at the seminar, ladies and gentlemen. It is a pleasure to be here today at the
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Ms. Lata Krishnan, Chair, American India Foundation (AIF); Mr. M. A. Ravi Kumar, CEO, AIF; Prof. Sanghmitra S. Acharya, Jawaharlal Nehru University; Mr. Pradeep Kashyap, Vice Chair, AIF; Mr. Michael Markels from the World Bank; Ms. Kavita N. Ramdas, Ms. Madhu P. Kishwar, Mr. Mathew Titus and Ms. Sujata Lamba, the panelists for today’s discussion, Mr. Hanumant Rawat, Director, AIF; delegates at the seminar, ladies and gentlemen. It is a pleasure to be here today at the
జన 19, 2013
Unedited Transcript of the First Suresh D. Tendulkar Memorial Oration delivered by Prof. Abhijit Banerjee, MIT, Boston, USA on January 19, 2013
Thank you very much Governor Subbarao for this generous introduction and thank you very much for inviting me to give this oration. I am a great fan of Professor Suresh Tendulkar. He was a one of a kind, very straight forward, very direct. When I said something he would disagree with, he would listen and come out and say that it does not make any sense and I had to defend myself there. It was always an honour defending myself against him. He had perceptive things to sa
Prof. Abhijit Banerjee, Guest Speaker
Thank you very much Governor Subbarao for this generous introduction and thank you very much for inviting me to give this oration. I am a great fan of Professor Suresh Tendulkar. He was a one of a kind, very straight forward, very direct. When I said something he would disagree with, he would listen and come out and say that it does not make any sense and I had to defend myself there. It was always an honour defending myself against him. He had perceptive things to sa
జన 16, 2013
Free Translation of Governor's Address at the Outreach Programme in Lalpur Karauta Village in Uttar Pradesh on January 16, 2013
I am pleased to visit Lalpur Karauta village today and meet the people here. 2. I have come here from the Reserve Bank of India, Mumbai. The Reserve Bank also has an office in Lucknow and my colleagues from there have also accompanied me today. On this occasion, along with Bank of India and other banks, your member of parliament Shri P.L.Punia and senior officers of the Uttar Pradesh state government are also present. 3. You must be thi
Dr. D. Subbarao, Governor, Reserve Bank of India
I am pleased to visit Lalpur Karauta village today and meet the people here. 2. I have come here from the Reserve Bank of India, Mumbai. The Reserve Bank also has an office in Lucknow and my colleagues from there have also accompanied me today. On this occasion, along with Bank of India and other banks, your member of parliament Shri P.L.Punia and senior officers of the Uttar Pradesh state government are also present. 3. You must be thi
జన 03, 2013
Welcome Remarks by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the 15th C. D. Deshmukh Memorial Lecture delivered by Prof. Joseph Stiglitz
On behalf of the Reserve Bank of India, I have great pleasure in welcoming Prof. Joseph E. Stiglitz, who will shortly be delivering the C.D. Deshmukh Memorial Lecture. Also, a warm welcome to Mrs. Anya Stiglitz who has accompanied him. I am delighted to acknowledge the presence here of the family members of Sir Chintaman Deshmukh - Shri Atul Deshmukh, Smt. Sheetala Deshmukh, and their children, Ashish and Priyanka, Prof. Sunita Chitnis and her son Dr. Ajay Chitnis. Yo
Dr. D. Subbarao, Governor, Reserve Bank of India
On behalf of the Reserve Bank of India, I have great pleasure in welcoming Prof. Joseph E. Stiglitz, who will shortly be delivering the C.D. Deshmukh Memorial Lecture. Also, a warm welcome to Mrs. Anya Stiglitz who has accompanied him. I am delighted to acknowledge the presence here of the family members of Sir Chintaman Deshmukh - Shri Atul Deshmukh, Smt. Sheetala Deshmukh, and their children, Ashish and Priyanka, Prof. Sunita Chitnis and her son Dr. Ajay Chitnis. Yo
జన 03, 2013
The 15th C. D. Deshmukh Memorial Lecture on "A Revolution in Monetary Policy : Lessons in the Wake of the Global Financial Crisis" delivered by Joseph E. Stiglitz at Taj Mahal Palace, Mumbai on January 3, 2013
It is a real pleasure for me to be able to deliver this lecture in memory of the Reserve Bank of India's first Indian Governor, who set an example and a tradition which has resulted in the Reserve Bank of India being viewed as one of the exemplars of central banks around the world. As I shall comment later, one could not help but notice this in the aftermath of the 2008 Global Financial Crisis—which to a very large extent was brought about by failures of central banks
Joseph E. Stiglitz, Guest Speaker
It is a real pleasure for me to be able to deliver this lecture in memory of the Reserve Bank of India's first Indian Governor, who set an example and a tradition which has resulted in the Reserve Bank of India being viewed as one of the exemplars of central banks around the world. As I shall comment later, one could not help but notice this in the aftermath of the 2008 Global Financial Crisis—which to a very large extent was brought about by failures of central banks
డిసెం 17, 2012
Money Market and Monetary Operations in India
I thank Mr. G. Mahalingam for the opportunity to share my thoughts in this distinguished panel on money market. This forum which brings together the Reserve Bank and practitioners in the financial market, is important not only from the perspective of market development but also for fostering a better understanding of monetary operations. Money market is at the heart of monetary operations. Over the last decade, there has been substantial development in the Indian mone
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
I thank Mr. G. Mahalingam for the opportunity to share my thoughts in this distinguished panel on money market. This forum which brings together the Reserve Bank and practitioners in the financial market, is important not only from the perspective of market development but also for fostering a better understanding of monetary operations. Money market is at the heart of monetary operations. Over the last decade, there has been substantial development in the Indian mone
నవం 26, 2012
Financial Inclusion and Payment Systems: Recent Trends, Current Challenges and Emerging Issues
Presentation Shri. Narendra Singh, CMD, Bank of Maharashtra, Shri. K R Kamath, CMD, Punjab National Bank & Chairman, Indian Banks’ Association, Shri Raghuvir Singh, Executive Director, Bank of Maharashtra and Chairmen-Managing Directors & Executive Directors of banks, distinguished delegates, ladies and gentlemen. It is indeed a pleasure to be here in BANCON 2012 organised by the Indian Banks’ Association. I am especially happy to share my thoughts on financia
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
Presentation Shri. Narendra Singh, CMD, Bank of Maharashtra, Shri. K R Kamath, CMD, Punjab National Bank & Chairman, Indian Banks’ Association, Shri Raghuvir Singh, Executive Director, Bank of Maharashtra and Chairmen-Managing Directors & Executive Directors of banks, distinguished delegates, ladies and gentlemen. It is indeed a pleasure to be here in BANCON 2012 organised by the Indian Banks’ Association. I am especially happy to share my thoughts on financia
నవం 09, 2012
Financial Inclusion – Issues in Measurement and Analysis
Introduction 1. Mr. Muhammad bin Ibrahim, Deputy Governor, Bank Negara Malaysia and Chairman, Irving Fisher Committee, Mr. Paul Van den Bergh, Head of Statistics, Bank for International Settlements (BIS), senior officials from Statistics departments of Central Banks and distinguished participants at the Workshop. I am delighted to be here for the Workshop on Financial Inclusion Indicators organized jointly by the Bank Negara Malaysia and the BIS. 2. The importance of
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Introduction 1. Mr. Muhammad bin Ibrahim, Deputy Governor, Bank Negara Malaysia and Chairman, Irving Fisher Committee, Mr. Paul Van den Bergh, Head of Statistics, Bank for International Settlements (BIS), senior officials from Statistics departments of Central Banks and distinguished participants at the Workshop. I am delighted to be here for the Workshop on Financial Inclusion Indicators organized jointly by the Bank Negara Malaysia and the BIS. 2. The importance of
నవం 09, 2012
The Importance of Inflation Expectations
‘‘Each possesses within himself two antagonistic and foolish counsellors, whom we call by the names of pleasure and pain…besides these two, each man possesses opinions about the future, which go by the general name of ‘expectations’; and of these, that which precedes pain bears the special name of ‘fear’, and that which precedes pleasure the special name of ‘confidence’.” Plato, 360 BC I thank Dr. Sesha Iyer and Dr. Pattnaik for the invitation to address this young au
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
‘‘Each possesses within himself two antagonistic and foolish counsellors, whom we call by the names of pleasure and pain…besides these two, each man possesses opinions about the future, which go by the general name of ‘expectations’; and of these, that which precedes pain bears the special name of ‘fear’, and that which precedes pleasure the special name of ‘confidence’.” Plato, 360 BC I thank Dr. Sesha Iyer and Dr. Pattnaik for the invitation to address this young au
అక్టో 18, 2012
Social Banking and Finance – Opportunities in Inclusion
Mr. James Crabtree, Mumbai Correspondent, Financial Times and moderator for the session, my fellow panellists Mr. Y.M. Deosthalee, CMD L&T Finance; Mr. Ajai Kumar, CMD Corporation Bank; Mr. M.V. Tanksale, CMD Central Bank of India; Mr. R.V. Verma, CMD National Housing Bank; Mr. Ajay Desai, Chief Financial Inclusion Officer, Yes Bank and Mr. Leonardo Rubattu, General Manager, Iccrea Banca; other important people sitting in the audience specially Dr. Rana Kapoor, Fo
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Mr. James Crabtree, Mumbai Correspondent, Financial Times and moderator for the session, my fellow panellists Mr. Y.M. Deosthalee, CMD L&T Finance; Mr. Ajai Kumar, CMD Corporation Bank; Mr. M.V. Tanksale, CMD Central Bank of India; Mr. R.V. Verma, CMD National Housing Bank; Mr. Ajay Desai, Chief Financial Inclusion Officer, Yes Bank and Mr. Leonardo Rubattu, General Manager, Iccrea Banca; other important people sitting in the audience specially Dr. Rana Kapoor, Fo
అక్టో 18, 2012
Managing Currency and Interest Rate Risks – New Challenges for Banks & Corporates
It is a pleasure to be here at the 2nd FT-Yes Bank International Banking Summit amidst a very distinguished set of panellists and audience. I must compliment the organisers for selecting a very wide range of subjects – subjects which are as varied as they are topical in the world as we live in today - for discussions. The subject for this session “Managing currency and interest rate risks – new challenges for banks and corporations” is very relevant in the post crisis
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
It is a pleasure to be here at the 2nd FT-Yes Bank International Banking Summit amidst a very distinguished set of panellists and audience. I must compliment the organisers for selecting a very wide range of subjects – subjects which are as varied as they are topical in the world as we live in today - for discussions. The subject for this session “Managing currency and interest rate risks – new challenges for banks and corporations” is very relevant in the post crisis
అక్టో 09, 2012
Strengthening SMEs Capabilities for Global Competitiveness
Shri Govind Sankaranarayanan, Member of Banking, Finance and Economics Committee of Bombay Chamber of Commerce and Industry and CFO & CEO (Corporate Affairs) Tata Capital Ltd.; Shri R. Balaji, Head, Strategy and Marketing, Mahindra Finance; Shri Pralay Mondal, Senior Group President, Yes Bank; members of the Bombay Chambers, assembled guests, ladies and gentlemen. It is, indeed, a matter of great pleasure for me to be present here today at this interactive session
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri Govind Sankaranarayanan, Member of Banking, Finance and Economics Committee of Bombay Chamber of Commerce and Industry and CFO & CEO (Corporate Affairs) Tata Capital Ltd.; Shri R. Balaji, Head, Strategy and Marketing, Mahindra Finance; Shri Pralay Mondal, Senior Group President, Yes Bank; members of the Bombay Chambers, assembled guests, ladies and gentlemen. It is, indeed, a matter of great pleasure for me to be present here today at this interactive session
సెప్టెం 23, 2012
Food Inflation and Agricultural Supply Chain Management
1. Shri Kailash Singh, Managing Director, Tefla’s, Shri Ramesh Abhishek, Chairman, Forward Market Commission, Dr. D. Bhalla, Joint Secretary, Department of Food and Public Distribution, Government of India, Shri. Sushil Goenka and Vijay Datta of the Solvent Extractors’ Association of India, Shri. Sandeep Bajoria, Chairman, Globoil Organising Committee, Shri. Dinesh Shahra, Dr. B. V. Mehta and other leaders from the edible oil and agri-commodity trade industries, and d
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
1. Shri Kailash Singh, Managing Director, Tefla’s, Shri Ramesh Abhishek, Chairman, Forward Market Commission, Dr. D. Bhalla, Joint Secretary, Department of Food and Public Distribution, Government of India, Shri. Sushil Goenka and Vijay Datta of the Solvent Extractors’ Association of India, Shri. Sandeep Bajoria, Chairman, Globoil Organising Committee, Shri. Dinesh Shahra, Dr. B. V. Mehta and other leaders from the edible oil and agri-commodity trade industries, and d
సెప్టెం 11, 2012
Financial Stability: 2007 to 2012 - Five years on
Mr. D. Sarkar, CMD, Union Bank of India, Mr. Pratip Chaudhuri, Chairman, State Bank of India, senior members of the banking fraternity, delegates to the Conference, members of the print and electronic media and other distinguished guests. It is my privilege to be here in FIBAC 2012 whose theme is “Sustainable excellence through customer engagement, employee engagement and right use of technology”. FIBAC is an important forum for serious deliberations on banking sector
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Mr. D. Sarkar, CMD, Union Bank of India, Mr. Pratip Chaudhuri, Chairman, State Bank of India, senior members of the banking fraternity, delegates to the Conference, members of the print and electronic media and other distinguished guests. It is my privilege to be here in FIBAC 2012 whose theme is “Sustainable excellence through customer engagement, employee engagement and right use of technology”. FIBAC is an important forum for serious deliberations on banking sector
సెప్టెం 05, 2012
Revised Guidelines on Priority Sector Lending: Rationale and Logic
Shri Alok K. Misra, Chairman, IBA and CMD, Bank of India; Shri Pratip Chaudhuri, Chairman, State Bank of India; CMDs/ CEOs of other banks; other senior members of the banking fraternity, delegates to the conference, members of the print and electronic media, other distinguished guests, ladies and gentlemen. It is, indeed, a matter of great pleasure for me to deliver this special address at the annual FICCI – IBA Global Banking Conference - FIBAC 2012. FIBAC has become
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Shri Alok K. Misra, Chairman, IBA and CMD, Bank of India; Shri Pratip Chaudhuri, Chairman, State Bank of India; CMDs/ CEOs of other banks; other senior members of the banking fraternity, delegates to the conference, members of the print and electronic media, other distinguished guests, ladies and gentlemen. It is, indeed, a matter of great pleasure for me to deliver this special address at the annual FICCI – IBA Global Banking Conference - FIBAC 2012. FIBAC has become
ఆగ 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
ఆగ 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
జులై 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
జులై 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
జులై 12, 2012
Issues and Challenges in Financial Inclusion : Policies, Partnerships, Processes and Products
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
జులై 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
జులై 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
జూన్ 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
జూన్ 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
జూన్ 08, 2012
Financial Inclusion - A Update
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
జూన్ 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
భారతీయ రిజర్వ్ బ్యాంక్ మొబైల్ అప్లికేషన్ను ఇన్స్టాల్ చేయండి మరియు తాజా వార్తలకు త్వరిత యాక్సెస్ పొందండి!
పేజీ చివరిగా అప్డేట్ చేయబడిన తేదీ: నవంబర్ 21, 2024
