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فروری 15, 2013
International Seminar on Principles of Financial Market Infrastructures and Innovations in Retail Payments
Distinguished speakers, participants, other guests, ladies and gentlemen. It is a pleasure to be amidst you and speak to you all as we conclude this International Seminar on “Principles of Financial Market Infrastructures and Innovations in Retail Payments” organized by the Reserve Bank. 2. The theme of the seminar, which was chosen after considerable deliberations, is quite apt, given the markets around us. As you know, the term FMI refers to systemically important p
Shri G Padmanabhan, Executive Director, Reserve Bank of India
Distinguished speakers, participants, other guests, ladies and gentlemen. It is a pleasure to be amidst you and speak to you all as we conclude this International Seminar on “Principles of Financial Market Infrastructures and Innovations in Retail Payments” organized by the Reserve Bank. 2. The theme of the seminar, which was chosen after considerable deliberations, is quite apt, given the markets around us. As you know, the term FMI refers to systemically important p
فروری 14, 2013
Principles of Financial Market Infrastructure & Innovations in Retail Payment Systems: Some Perspectives
It is a pleasure to be here in New Delhi to inaugurate this International Seminar on Principles of Financial Market Infrastructure (PFMI) and Innovations in Retail Payment Systems in the midst of the guest speakers and distinguished participants from around the world. The spring season in New Delhi is very pleasant and its beauty is all pervasive. I am sure the participants will enjoy the beauty of New Delhi and there would be a lot of takeaways from the seminar. I un
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
It is a pleasure to be here in New Delhi to inaugurate this International Seminar on Principles of Financial Market Infrastructure (PFMI) and Innovations in Retail Payment Systems in the midst of the guest speakers and distinguished participants from around the world. The spring season in New Delhi is very pleasant and its beauty is all pervasive. I am sure the participants will enjoy the beauty of New Delhi and there would be a lot of takeaways from the seminar. I un
فروری 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
فروری 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
فروری 01, 2013
Regulation of Shadow Banking – Issues and Challenges
Mr. Hiranandani, President, Indian Merchants’ Chamber (IMC), Mr. Thakkar, Co-Chairman, Finance and Banking Committee, IMC, Mr. TT Srinivasaraghavan, Managing Director, Sundaram Finance Ltd., Mr. K V Srinivasan, CEO, Reliance Commercial Finance, Ms. Usha Thorat, my erstwhile colleague in the Reserve Bank, currently the Director, CAFRAL and the Chairperson of the Working Group that examined the issues and concerns in the Non Banking Financial Companies (NBFC) sector, an
Shri Anand Sinha, Deputy Governor, Reserve Bank of India
Mr. Hiranandani, President, Indian Merchants’ Chamber (IMC), Mr. Thakkar, Co-Chairman, Finance and Banking Committee, IMC, Mr. TT Srinivasaraghavan, Managing Director, Sundaram Finance Ltd., Mr. K V Srinivasan, CEO, Reliance Commercial Finance, Ms. Usha Thorat, my erstwhile colleague in the Reserve Bank, currently the Director, CAFRAL and the Chairperson of the Working Group that examined the issues and concerns in the Non Banking Financial Companies (NBFC) sector, an
جنوری 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
جنوری 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
جنوری 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
جنوری 22, 2013
Reserve Bank of India – Federal Reserve System Market Risk Analysis Seminar
1) I extend a warm welcome to the faculty from the Federal Reserve and all the participants of this programme. I am happy to inaugurate the Market Risk Analysis Programme. The periodic programmes involving the Fed Reserve experts have been welcomed wholeheartedly by the participants and we are glad to have another edition of the training programme, with focus on market risk. I hope the participants would be immensely benefited by this programme, just like the particip
Shri G. Gopalakrishna, Executive Director, Reserve Bank of India
1) I extend a warm welcome to the faculty from the Federal Reserve and all the participants of this programme. I am happy to inaugurate the Market Risk Analysis Programme. The periodic programmes involving the Fed Reserve experts have been welcomed wholeheartedly by the participants and we are glad to have another edition of the training programme, with focus on market risk. I hope the participants would be immensely benefited by this programme, just like the particip
جنوری 21, 2013
The Magical World of Mathematics – The Charm, Challenges and Career Prospects
Introduction 1. Dr. Rajeeva Karandikar, Director, Chennai Mathematical Institute; Dr. Mrs. J.K. Phadnis, Principal of the VES College of Arts, Science and Commerce; Prof. Amiya Kumar Pani, Chair Professor, Department of Mathematics, IIT Bombay; Mrs. Dipta Dasgupta, Convener of this conference aptly titled ‘Mathemight’, faculty members; other distinguished speakers and student participants; ladies and gentlemen. I am delighted to be here today in the midst of eminent s
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Introduction 1. Dr. Rajeeva Karandikar, Director, Chennai Mathematical Institute; Dr. Mrs. J.K. Phadnis, Principal of the VES College of Arts, Science and Commerce; Prof. Amiya Kumar Pani, Chair Professor, Department of Mathematics, IIT Bombay; Mrs. Dipta Dasgupta, Convener of this conference aptly titled ‘Mathemight’, faculty members; other distinguished speakers and student participants; ladies and gentlemen. I am delighted to be here today in the midst of eminent s
جنوری 19, 2013
Welcome Remarks by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the First Prof. Tendulkar Memorial Oration at CAB, Pune on January 19, 2013
On behalf of the Reserve Bank of India, I am delighted to welcome Prof. Abhijit Banerjee, who will shortly be delivering the First Professor Tendulkar Memorial Oration. I also have great pleasure in acknowledging the presence here of Smt. Sunetra Tendulkar and other family members of late Prof. Tendulkar. Your presence here means a lot to us. A hearty welcome also to all the distinguished invitees to this lecture. Prof. S.D. Tendulkar 2. Prof. Suresh Tendulkar was, by
Dr. D. Subbarao, Governor, Reserve Bank of India
On behalf of the Reserve Bank of India, I am delighted to welcome Prof. Abhijit Banerjee, who will shortly be delivering the First Professor Tendulkar Memorial Oration. I also have great pleasure in acknowledging the presence here of Smt. Sunetra Tendulkar and other family members of late Prof. Tendulkar. Your presence here means a lot to us. A hearty welcome also to all the distinguished invitees to this lecture. Prof. S.D. Tendulkar 2. Prof. Suresh Tendulkar was, by
جنوری 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
جنوری 19, 2013
Vote of Thanks by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the First Prof. Tendulkar Memorial Oration at CAB, Pune on January 19, 2013
Respected Governor, Honourable Prof. Abhijit Banerjee, distinguished guests, my colleagues from Reserve Bank, ladies and gentlemen 2. On behalf of the Reserve Bank of India and also College of Agricultural Banking, Pune, I sincerely thank Prof. Abhijit Banerjee for having accepted our invitation to deliver the first Suresh Tendulkar Memorial Oration here today. 3. The Memorial Orations series in Reserve Bank have been a platform for all of us to share knowledge from a
Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India
Respected Governor, Honourable Prof. Abhijit Banerjee, distinguished guests, my colleagues from Reserve Bank, ladies and gentlemen 2. On behalf of the Reserve Bank of India and also College of Agricultural Banking, Pune, I sincerely thank Prof. Abhijit Banerjee for having accepted our invitation to deliver the first Suresh Tendulkar Memorial Oration here today. 3. The Memorial Orations series in Reserve Bank have been a platform for all of us to share knowledge from a
جنوری 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

جنوری 10, 2013
Promoting Retail Investor Participation in Government Bonds
I am extremely happy to be invited for this important conference on capital markets organized by the ASSOCHAM, I am particularly pleased as the focus of the conference is on Investors who alongwith Issuers, Instruments, Intermediaries, (market) Infrastructure, Incentives & Innovation constitute, what I call, the 7’ I critical pillars of a robust and resilient debt market. Given the low level of participation of retail investors in equity and more so in debt market
Shri Harun R Khan, Deputy Governor, Reserve Bank of India
I am extremely happy to be invited for this important conference on capital markets organized by the ASSOCHAM, I am particularly pleased as the focus of the conference is on Investors who alongwith Issuers, Instruments, Intermediaries, (market) Infrastructure, Incentives & Innovation constitute, what I call, the 7’ I critical pillars of a robust and resilient debt market. Given the low level of participation of retail investors in equity and more so in debt market
جنوری 03, 2013
Random Payment System Issues of Systemic Relevance for the New Year
It is always a pleasure to be in God's own country to welcome the New Year. I am thankful to the Bankers Club of Thiruvanathapuram for affording this opportunity by inviting me over. I also deem it a privilege to be addressing the Bankers of the state which recently captured the imagination of the nation when one of the districts -Ernakulam- was declared as the first financially included district in the country. I am aware of the enormous efforts put in by the bankers
Shri G Padmanabhan, Executive Director, Reserve Bank of India
It is always a pleasure to be in God's own country to welcome the New Year. I am thankful to the Bankers Club of Thiruvanathapuram for affording this opportunity by inviting me over. I also deem it a privilege to be addressing the Bankers of the state which recently captured the imagination of the nation when one of the districts -Ernakulam- was declared as the first financially included district in the country. I am aware of the enormous efforts put in by the bankers
جنوری 03, 2013
Vote of thanks by Shri Deepak Mohanty, Executive Director, Reserve Bank of India, on the occasion of the 15th C D Deshmukh Memorial Lecture on January 3, 2013
Honourable Professor Joseph Stiglitz, Governor Dr. Subbarao, distinguished guests and colleagues from the Reserve Bank. Central banks have come under severe intellectual scrutiny ever since the global crisis, even as they have crossed all conventional barriers in responding to the crisis. Monetary policy was partly blamed for the genesis of the crisis, and it continues to be blamed for ineffectiveness in giving us a durable recovery. We need nothing short of a revolut
Shri Deepak Mohanty, Executive Director, Reserve Bank of India
Honourable Professor Joseph Stiglitz, Governor Dr. Subbarao, distinguished guests and colleagues from the Reserve Bank. Central banks have come under severe intellectual scrutiny ever since the global crisis, even as they have crossed all conventional barriers in responding to the crisis. Monetary policy was partly blamed for the genesis of the crisis, and it continues to be blamed for ineffectiveness in giving us a durable recovery. We need nothing short of a revolut
جنوری 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

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