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ستمبر 08, 2005
Indian Economy in the Global Setting
I am extremely happy to be here in this at 99th Foundation Day Celebration Function of the Indian Merchants' Chamber at Mumbai on September 8, 2005. Indian Merchants Chamber has a long heritage – and I wish them all the best for this year’s celebrations and next year’s centenary. In this age of globalization, I thought it would be apposite to share with you an account of India’s place in the global economy. Where do we stand? Have we improved our performance? These ar
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I am extremely happy to be here in this at 99th Foundation Day Celebration Function of the Indian Merchants' Chamber at Mumbai on September 8, 2005. Indian Merchants Chamber has a long heritage – and I wish them all the best for this year’s celebrations and next year’s centenary. In this age of globalization, I thought it would be apposite to share with you an account of India’s place in the global economy. Where do we stand? Have we improved our performance? These ar
ستمبر 03, 2005
Monetary Co-operation in Asia
Mr. Chairman and distinguished participants, It is a privilege to be associated with the deliberations on Asian Integration. Singapore very vividly signifies both the diversity and potential for prosperity of the Asian region. We deeply appreciate the hospitality and excellent arrangements made by the IMF and MAS for this High Level Seminar. The discussion paper circulated by the MAS is of high quality and is a very useful document. This session is devoted to subjects
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Mr. Chairman and distinguished participants, It is a privilege to be associated with the deliberations on Asian Integration. Singapore very vividly signifies both the diversity and potential for prosperity of the Asian region. We deeply appreciate the hospitality and excellent arrangements made by the IMF and MAS for this High Level Seminar. The discussion paper circulated by the MAS is of high quality and is a very useful document. This session is devoted to subjects
اگست 26, 2005
Financial System Stability and Basel II -Way Forward
The initiative of the Association of Professional Bankers – Sri Lanka in organising this conference on Financial System Stability and Basel II – Way Forward is indeed commendable. Basel II is an important milestone in banking regulation and supervision and ought to be viewed as a necessary process for promoting the safety and soundness of the banking sector and thereby strengthening financial stability. What is financial stability? 2. In a situation of financial stabi
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
The initiative of the Association of Professional Bankers – Sri Lanka in organising this conference on Financial System Stability and Basel II – Way Forward is indeed commendable. Basel II is an important milestone in banking regulation and supervision and ought to be viewed as a necessary process for promoting the safety and soundness of the banking sector and thereby strengthening financial stability. What is financial stability? 2. In a situation of financial stabi
اگست 13, 2005
Recent Developments in Forex, Money and G-Sec Markets: Account and Outlook
I. Introduction It gives me immense pleasure to address this distinguished gathering of forex professionals from all over the country. Coming to these visually beautiful surroundings, it is easy to get oblivious to the fact that this state is a large contributor of ‘invisibles’ for our balance of payments. Both tourism earnings and private remittances have had a significant impact on Kerala’s economy and the state has benefited substantially as a result of liberalisat
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
I. Introduction It gives me immense pleasure to address this distinguished gathering of forex professionals from all over the country. Coming to these visually beautiful surroundings, it is easy to get oblivious to the fact that this state is a large contributor of ‘invisibles’ for our balance of payments. Both tourism earnings and private remittances have had a significant impact on Kerala’s economy and the state has benefited substantially as a result of liberalisat
اگست 06, 2005
Micro-Finance : Reserve Bank’s Approach*
Friends, I am thankful to the organisers for giving me this opportunity to be amidst this distinguished gathering. Since Dr. Bimal Jalan, a Member of Parliament and my distinguished predecessor, is chairing the session, let me start with his role in the subject of my special address today. The earliest reference to micro-credit in a formal statement of monetary and credit policy of Reserve Bank of India (RBI) was in Dr. Bimal Jalan’s Monetary and Credit Policy Stateme
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Friends, I am thankful to the organisers for giving me this opportunity to be amidst this distinguished gathering. Since Dr. Bimal Jalan, a Member of Parliament and my distinguished predecessor, is chairing the session, let me start with his role in the subject of my special address today. The earliest reference to micro-credit in a formal statement of monetary and credit policy of Reserve Bank of India (RBI) was in Dr. Bimal Jalan’s Monetary and Credit Policy Stateme
جولائی 09, 2005
Regulation and Risk Management: Implementing Basel II
It is indeed an honour to be amongst you on the occasion of the Platinum Jubilee Celebrations of The South Indian Bank Ltd. Today we remember the founders and pay homage to their vision and drive that led to the establishment of this bank. It is not only a day to feel proud, it is a day to reflect, a day to share, and a day to celebrate. It is also an opportunity to re-emphasise what the institution stands for, which not only helps in projecting its corporate culture
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It is indeed an honour to be amongst you on the occasion of the Platinum Jubilee Celebrations of The South Indian Bank Ltd. Today we remember the founders and pay homage to their vision and drive that led to the establishment of this bank. It is not only a day to feel proud, it is a day to reflect, a day to share, and a day to celebrate. It is also an opportunity to re-emphasise what the institution stands for, which not only helps in projecting its corporate culture
جون 23, 2005
Overcoming Challenges in a Globalising Economy : Managing India’s External Sector
Dear Friends, I am thankful to the Foreign Policy Centre for giving me this opportunity to be with you this evening and share India’s experience in regard to managing its progressive integration with the world economy. I would like to confine myself to the issues relating to the external sector. Perhaps one of the most successful aspects of India’s structural reforms is the strength and dynamism in the external sector. The memories of June 1991, when the foreign excha
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Dear Friends, I am thankful to the Foreign Policy Centre for giving me this opportunity to be with you this evening and share India’s experience in regard to managing its progressive integration with the world economy. I would like to confine myself to the issues relating to the external sector. Perhaps one of the most successful aspects of India’s structural reforms is the strength and dynamism in the external sector. The memories of June 1991, when the foreign excha
جون 22, 2005
Challenges In Banking Security
Fellow Participants and Colleagues, It gives me great pleasure to be in your midst, as we commence this workshop on Banking Security. I am particularly happy to be here to address a group of involved persons who are the harbingers of change – so to say – in the use of technology in Banking. Banking as a business involves the management of risks. While much has been said about the financial risks, the risks arising out of the large scale implementation of technology is
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
Fellow Participants and Colleagues, It gives me great pleasure to be in your midst, as we commence this workshop on Banking Security. I am particularly happy to be here to address a group of involved persons who are the harbingers of change – so to say – in the use of technology in Banking. Banking as a business involves the management of risks. While much has been said about the financial risks, the risks arising out of the large scale implementation of technology is
جون 10, 2005
Value-based Professionals: The Need of the Hour*
It gives me great pleasure to be in your midst today. The Institute of Company Secretaries of India (ICSI) has been a critical player in the Indian endeavour to develop professionals to protect the interests of the stake holders, to ensure corporate governance and contribute to public good – a topic which is intrinsically linked to the theme of today, viz. value based professionals and the broader theme of corporate governance. These are difficult issues and given tod
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be in your midst today. The Institute of Company Secretaries of India (ICSI) has been a critical player in the Indian endeavour to develop professionals to protect the interests of the stake holders, to ensure corporate governance and contribute to public good – a topic which is intrinsically linked to the theme of today, viz. value based professionals and the broader theme of corporate governance. These are difficult issues and given tod
جون 09, 2005
Banking with Technology – The Road Ahead
Ladies and Gentlemen, I deem it a privilege to be present at this conclave being conducted by the Indian Banks’ Association, on an appropriate topic at an appropriate time and to an appropriate audience who would be the catalysts of change as banking in India is poised for greater leaps in the near future. I am sure that bankers in India are feeling the positive impact of the technological revolution in the way banking is being transformed. Banks need to be ready to t
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen, I deem it a privilege to be present at this conclave being conducted by the Indian Banks’ Association, on an appropriate topic at an appropriate time and to an appropriate audience who would be the catalysts of change as banking in India is poised for greater leaps in the near future. I am sure that bankers in India are feeling the positive impact of the technological revolution in the way banking is being transformed. Banks need to be ready to t
جون 07, 2005
Globalisation of Monetary Policy and Indian Experience *
Mr. White, Mr. Turner, distinguished central bankers and friends, I welcome you all to Mumbai and the Reserve Bank of India (RBI) to this Eighth Meeting of the BIS Working Party on Monetary Policy in Asia. It is an honour for us to host this prestigious event for the central bankers. I would like to thank the BIS for extending this opportunity to the RBI. Perhaps I should share with you some background on the RBI. It is one of the oldest central banks in the developin
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Mr. White, Mr. Turner, distinguished central bankers and friends, I welcome you all to Mumbai and the Reserve Bank of India (RBI) to this Eighth Meeting of the BIS Working Party on Monetary Policy in Asia. It is an honour for us to host this prestigious event for the central bankers. I would like to thank the BIS for extending this opportunity to the RBI. Perhaps I should share with you some background on the RBI. It is one of the oldest central banks in the developin
جون 07, 2005
A BIT of Tomorrow
The topic for today’s conclave is 'Technology Solutions for Business Transformation' and I have chosen to speak on 'A BIT (Banking and Information Technology) of Tomorrow'. I do not consider myself as being even computer savvy. But one does not have to be an IT professional to think of how IT can bring about business transformation. For this, all that the banker needs is to have vision, conviction and the courage to change. It is for the IT professional to make it pos
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
The topic for today’s conclave is 'Technology Solutions for Business Transformation' and I have chosen to speak on 'A BIT (Banking and Information Technology) of Tomorrow'. I do not consider myself as being even computer savvy. But one does not have to be an IT professional to think of how IT can bring about business transformation. For this, all that the banker needs is to have vision, conviction and the courage to change. It is for the IT professional to make it pos
مئی 28, 2005
Retail Banking - Opportunities and Challenges *
The issue of retail banking is extremely important and topical. Across the globe, retail lending has been a spectacular innovation in the commercial banking sector in recent years. The growth of retail lending, especially, in emerging economies, is attributable to the rapid advances in information technology, the evolving macroeconomic environment, financial market reform, and several micro-level demand and supply side factors. India too experienced a surge in retail
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
The issue of retail banking is extremely important and topical. Across the globe, retail lending has been a spectacular innovation in the commercial banking sector in recent years. The growth of retail lending, especially, in emerging economies, is attributable to the rapid advances in information technology, the evolving macroeconomic environment, financial market reform, and several micro-level demand and supply side factors. India too experienced a surge in retail
مئی 26, 2005
Emerging Challenges before the Indian Banks – The Road Ahead*
It is indeed an honour to be invited to commence the Dena Bank Foundation Day Lecture Series. Today, as we remember the founders, we essentially pay homage to their vision and drive that led to the establishment of the Dena Bank. Shri Pranlalbhai Nanjee, inspired by his late father Shri Devkaran Nanjee’s dream to start a bank and play a seminal role in the development of the Indian banking industry, started the Devkaran Nanjee Banking Company in January 1938, about th
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It is indeed an honour to be invited to commence the Dena Bank Foundation Day Lecture Series. Today, as we remember the founders, we essentially pay homage to their vision and drive that led to the establishment of the Dena Bank. Shri Pranlalbhai Nanjee, inspired by his late father Shri Devkaran Nanjee’s dream to start a bank and play a seminal role in the development of the Indian banking industry, started the Devkaran Nanjee Banking Company in January 1938, about th
مئی 18, 2005
Banking Sector Reforms in India: An Overview
Governor Ishrat Husain and distinguished bankers,At the outset, let me express my gratitude to Governor Husain for inviting me to visit Karachi and meet with you. I consider it an honour to be here amidst the banking fraternity. I would like to congratulate Pakistan for its impressive economic performance. Governor Husain, in his address at the Seminar on Management of Pakistan Economy in Lahore, a few weeks ago, had this to say about recent economic performance of Pa
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Governor Ishrat Husain and distinguished bankers,At the outset, let me express my gratitude to Governor Husain for inviting me to visit Karachi and meet with you. I consider it an honour to be here amidst the banking fraternity. I would like to congratulate Pakistan for its impressive economic performance. Governor Husain, in his address at the Seminar on Management of Pakistan Economy in Lahore, a few weeks ago, had this to say about recent economic performance of Pa
اپریل 26, 2005
In quest of new cheese
IBA deserves to be complimented for having organised this Seminar on the subject of "In search of new cheese – Towards Newer Profit Avenues". The subject holds considerable contemporary relevance coming as it does at a time of intense competition, thinning margins, rising yields, and dwindling trading profits. As we look back we can see that the declining interest rate scenario during the last three to four years coupled with prudent regulation, in alignment with inte
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
IBA deserves to be complimented for having organised this Seminar on the subject of "In search of new cheese – Towards Newer Profit Avenues". The subject holds considerable contemporary relevance coming as it does at a time of intense competition, thinning margins, rising yields, and dwindling trading profits. As we look back we can see that the declining interest rate scenario during the last three to four years coupled with prudent regulation, in alignment with inte
اپریل 26, 2005
Are Banks serving the Common Man ?
Ladies and gentlemen of the Lions Club of Bombay, Thank you very much for giving me an opportunity to share my thoughts with you all. Only Lions would be courageous enough to listen to a talk on the subject of banking which is dry and devoid of any humour. But if you keep in mind that banks deal with your hard-earned savings, what I have to say may be of interest to you. 2. The Reserve Bank has been trying to discipline banks with regard to the quality of customer ser
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
Ladies and gentlemen of the Lions Club of Bombay, Thank you very much for giving me an opportunity to share my thoughts with you all. Only Lions would be courageous enough to listen to a talk on the subject of banking which is dry and devoid of any humour. But if you keep in mind that banks deal with your hard-earned savings, what I have to say may be of interest to you. 2. The Reserve Bank has been trying to discipline banks with regard to the quality of customer ser
اپریل 08, 2005
A Synoptic View of the Twelfth Finance Commission’s Recommendations
I am indeed very happy to be in the midst of familiar faces and familiar surroundings. This is perhaps the first public occasion on which I am commenting on the recommendations of the Twelfth Finance Commission. As such, this meeting has some special significance at least to me. I congratulate the Reserve Bank of India in organizing this meeting of Finance Secretaries so that the full implications of the various recommendations of the Twelfth Finance Commission can be
Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Hon’ble Prime Minister
I am indeed very happy to be in the midst of familiar faces and familiar surroundings. This is perhaps the first public occasion on which I am commenting on the recommendations of the Twelfth Finance Commission. As such, this meeting has some special significance at least to me. I congratulate the Reserve Bank of India in organizing this meeting of Finance Secretaries so that the full implications of the various recommendations of the Twelfth Finance Commission can be
اپریل 04, 2005
Human Development and State Finances: Some Thoughts
It gives me great pleasure to be here on the occasion of the first programme on "Human Development and State Finances" being jointly organised by the UNDP and the RBI with the support of the Planning Commission. The UNDP, ever since its inception in 1965, and the other UN organisations before that, have been actively involved in the development priorities of developing countries like ours over the last five decades. They have gained insights and understanding of our e
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be here on the occasion of the first programme on "Human Development and State Finances" being jointly organised by the UNDP and the RBI with the support of the Planning Commission. The UNDP, ever since its inception in 1965, and the other UN organisations before that, have been actively involved in the development priorities of developing countries like ours over the last five decades. They have gained insights and understanding of our e
اپریل 03, 2005
Emerging Realities in Banking & Finance: Role of New Generation Managers
It is indeed a pleasure to be here in your midst today. To be amongst bright young students is not only energizing but also a learning experience - as we look at issues afresh and start by asking basic questions, which at some level are the most difficult. 2. The Reserve Bank has shared a very special relationship with the NIBM – it catalyzed its creation in 1969, provided the venue for its first campus and has been intimately associated with its functioning. While th
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It is indeed a pleasure to be here in your midst today. To be amongst bright young students is not only energizing but also a learning experience - as we look at issues afresh and start by asking basic questions, which at some level are the most difficult. 2. The Reserve Bank has shared a very special relationship with the NIBM – it catalyzed its creation in 1969, provided the venue for its first campus and has been intimately associated with its functioning. While th

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