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فروری 02, 2000
"Is Inflation Dead" - Some Comments
Honourable Shri Jaswant Singhji, respected Dr. Sushil Wadhwani, Director General Rakesh Mohan and friends. I am thankful to Dr. Rakesh Mohan for giving me this, opportunity. It is a matter of personal satisfaction to me to meet Dr. Wadhwani, whose lecture in London School of Economics on 'Currency Puzzles' in September won wide acclaim. Needless to say, his presentation today on 'Is Inflation dead' is bound to be another landmark speech. Its breadth and depth as also
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Honourable Shri Jaswant Singhji, respected Dr. Sushil Wadhwani, Director General Rakesh Mohan and friends. I am thankful to Dr. Rakesh Mohan for giving me this, opportunity. It is a matter of personal satisfaction to me to meet Dr. Wadhwani, whose lecture in London School of Economics on 'Currency Puzzles' in September won wide acclaim. Needless to say, his presentation today on 'Is Inflation dead' is bound to be another landmark speech. Its breadth and depth as also
جنوری 04, 2000
Developing Government Securities Market : Some Issues
Mr. Ramesh and friends,I am happy to be here with you today at the Second in the series of seminars conducted by the Primary Dealers Association of India. Since I delivered the inaugural address at the first seminar in Chennai last year, the number of Primary Dealers (PDs) has increased from six to fourteen. So, let me welcome the new additions to the family at this Seminar. I participated in a Bank for International Settlements meeting last month in which one of the
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Ramesh and friends,I am happy to be here with you today at the Second in the series of seminars conducted by the Primary Dealers Association of India. Since I delivered the inaugural address at the first seminar in Chennai last year, the number of Primary Dealers (PDs) has increased from six to fourteen. So, let me welcome the new additions to the family at this Seminar. I participated in a Bank for International Settlements meeting last month in which one of the
دسمبر 06, 1999
Finance and Development – Which Way Now?
The Annual Foundation Lecture of this famous College is an important event in our country’s academic calendar. Several of our most distinguished economists, public administrators and thinkers have shared their thoughts with you on this occasion. I feel privileged to have been invited to deliver this year’s lecture. My happiness in being able to join you today has been immeasurably enhanced by the presence of Shri M. Narasimham at this function. Shri Narasimham’s subst
Dr. Bimal Jalan, Governor, Reserve Bank of India
The Annual Foundation Lecture of this famous College is an important event in our country’s academic calendar. Several of our most distinguished economists, public administrators and thinkers have shared their thoughts with you on this occasion. I feel privileged to have been invited to deliver this year’s lecture. My happiness in being able to join you today has been immeasurably enhanced by the presence of Shri M. Narasimham at this function. Shri Narasimham’s subst
دسمبر 04, 1999
Future of Rural Banking
Respected Professor Khan, distinguished academics and friends, I am grateful to the Ram Reddy Memorial Trust for giving me an opportunity to deliver this endowment lecture. I knew Ram Reddy Sab since 1960 and, like some of you here, we developed abiding affection towards each other. To me, he was indeed, a friend, philosopher and guide in every sense of the word. He won people's heart, made academic contributions and built lasting institutions, and he achieved all thi
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Respected Professor Khan, distinguished academics and friends, I am grateful to the Ram Reddy Memorial Trust for giving me an opportunity to deliver this endowment lecture. I knew Ram Reddy Sab since 1960 and, like some of you here, we developed abiding affection towards each other. To me, he was indeed, a friend, philosopher and guide in every sense of the word. He won people's heart, made academic contributions and built lasting institutions, and he achieved all thi
ستمبر 16, 1999
Structural Reforms in ARDBS : Issues and Prospects
Mr. Chairman, Ladies & Gentlemen,I am very happy to participate in this workshop and to deliver the inaugural address. I thank the organizers for this opportunity.Various measures of financial sector reform were initiated in India since 1991 and it is amply clear that these measures have now started producing durable results. In particular, these measures enabled the banking sector to face a number of challenges boldly. The prudential and supervision norms which w
Shri Jagdish Capoor, Deputy Governor, Reserve Bank of India
Mr. Chairman, Ladies & Gentlemen,I am very happy to participate in this workshop and to deliver the inaugural address. I thank the organizers for this opportunity.Various measures of financial sector reform were initiated in India since 1991 and it is amply clear that these measures have now started producing durable results. In particular, these measures enabled the banking sector to face a number of challenges boldly. The prudential and supervision norms which w
ستمبر 08, 1999
State and Market: Altering the Boundaries and Emerging New Balances
Chairman Mr. Swaminatha Reddy, Mr. Rao and Mr. Srinivasan, I am delighted to be here among many affectionate friends. I am thankful to my college-mate, batch-mate, cadre-mate and a very affectionate friend, V.K. Srinivasan for giving me this opportunity. The Chairman, Mr. Reddy, has given an excellent overview of what I intend covering in this address today viz., the changing contours of borders between State and market.The altering of the boundaries between State and
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Chairman Mr. Swaminatha Reddy, Mr. Rao and Mr. Srinivasan, I am delighted to be here among many affectionate friends. I am thankful to my college-mate, batch-mate, cadre-mate and a very affectionate friend, V.K. Srinivasan for giving me this opportunity. The Chairman, Mr. Reddy, has given an excellent overview of what I intend covering in this address today viz., the changing contours of borders between State and market.The altering of the boundaries between State and
ستمبر 08, 1999
March to the New Millenium by Indian banks
It gives me great pleasure to be in the midst of this august gathering assembled here for felicitating the great personalities who have been conferred with the Bank of India Excellence Awards for 1999. I consider it a great privilege to present the Awards for Excellence to the doyens in their respective fields. I extend my heartiest congratulations to the awardees.Bank of India is one of the oldest Indian Commercial Banks having commenced its business in the then Bomb
Shri S. P. Talwar, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be in the midst of this august gathering assembled here for felicitating the great personalities who have been conferred with the Bank of India Excellence Awards for 1999. I consider it a great privilege to present the Awards for Excellence to the doyens in their respective fields. I extend my heartiest congratulations to the awardees.Bank of India is one of the oldest Indian Commercial Banks having commenced its business in the then Bomb
ستمبر 03, 1999
Development of Forex Markets: Indian Experience
Mr. Chairman and Friends, I am thankful to the organisers for giving me this opportunity to be with distinguished Central Bank Governors and professionals in forex business from South Asia. Since we met last in Hyderabad a year ago, the financial world has come out of a serious crisis, perhaps wiser and more sober. We could at this stage, therefore, give some attention to structural and developmental aspects of the external sector – including forex markets. I, therefo
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and Friends, I am thankful to the organisers for giving me this opportunity to be with distinguished Central Bank Governors and professionals in forex business from South Asia. Since we met last in Hyderabad a year ago, the financial world has come out of a serious crisis, perhaps wiser and more sober. We could at this stage, therefore, give some attention to structural and developmental aspects of the external sector – including forex markets. I, therefo
اگست 25, 1999
International Financial Architecture: Developing Countries’ Perspective 49th Anniversary Lecture – Central Bank of Sri Lanka
Bimal Jalan Governor, Reserve Bank of IndiaGovernor Jayawardena and friends, It is a great honour for me to deliver the 49th Anniversary Lecture of the Central Bank of Sri Lanka. I am thankful to Governor Jayawardena for this invitation. I have had the privilege of knowing Governor Jayawardena personally over a long period of time, and have been an admirer of his immense knowledge and wisdom in the conduct of macro-economic and monetary policies. Under his stewardship
Dr. Bimal Jalan, Governor, Reserve Bank of India
Bimal Jalan Governor, Reserve Bank of IndiaGovernor Jayawardena and friends, It is a great honour for me to deliver the 49th Anniversary Lecture of the Central Bank of Sri Lanka. I am thankful to Governor Jayawardena for this invitation. I have had the privilege of knowing Governor Jayawardena personally over a long period of time, and have been an admirer of his immense knowledge and wisdom in the conduct of macro-economic and monetary policies. Under his stewardship
اگست 17, 1999
Inflation in India : Status and Issues
Mr. Chairman, Professor Hanumantha Rao garu; Professor Venkataramiah and friends,I am happy to be here again in the midst of friends belonging to the academic community of twin cities. In particular, I am honoured that Professor Hanumantha Rao is presiding over today’s session. A lecture-date with CESS implies that I prepare carefully on a topic of contemporary interest to the research community in the broad area of economics. During my last visit a couple of years ag
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman, Professor Hanumantha Rao garu; Professor Venkataramiah and friends,I am happy to be here again in the midst of friends belonging to the academic community of twin cities. In particular, I am honoured that Professor Hanumantha Rao is presiding over today’s session. A lecture-date with CESS implies that I prepare carefully on a topic of contemporary interest to the research community in the broad area of economics. During my last visit a couple of years ag
جولائی 22, 1999
IT and the Banking Sector
Ladies and Gentlemen,I am glad to be amidst you on this important occasion which is the culmination of a joint initiative undertaken by the Indian Banks’ Association and the National Association of Software and Service Companies (NASSCOM) to discuss issues surrounding IT for banking and other financial institutions. I congratulate both the IBA and the NASSCOM on their choice of the theme for the Conference, which in my view is critical to the growth of the industry. I
Shri S. P. Talwar, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen,I am glad to be amidst you on this important occasion which is the culmination of a joint initiative undertaken by the Indian Banks’ Association and the National Association of Software and Service Companies (NASSCOM) to discuss issues surrounding IT for banking and other financial institutions. I congratulate both the IBA and the NASSCOM on their choice of the theme for the Conference, which in my view is critical to the growth of the industry. I
جون 28, 1999
Discussion Paper on Universal Banking and Beyond
Respected Shri Narasimham garu, Dean of Deputy Governors, Shri Talwar, and friends,There are many reasons why I am happy to be here and the most important of these is to have the honour of being with Mr. Narasimham, the Bhishma Pita Maha of financial sector in India. In fact, the Discussion Paper of the Reserve Bank of India (RBI) on "Harmonising the Role and Operations of Development Financial Institutions and Banking " (DP) relies heavily on the report of the Commit
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Respected Shri Narasimham garu, Dean of Deputy Governors, Shri Talwar, and friends,There are many reasons why I am happy to be here and the most important of these is to have the honour of being with Mr. Narasimham, the Bhishma Pita Maha of financial sector in India. In fact, the Discussion Paper of the Reserve Bank of India (RBI) on "Harmonising the Role and Operations of Development Financial Institutions and Banking " (DP) relies heavily on the report of the Commit
جون 28, 1999
Regulatory Regime in Financial Sector – Emerging Issues
Hyderabad, known also as a Bagya Nagar, is well known for housing some of the premier institutions of this country, of which Administrative Staff College of India occupies a pride of place. The city has become a trendsetter in the emerging thrust area of Indian economic resurgence, namely Information Technology. It has provided congenial functional environment for many of global IT Giants, in the process earning the name of Cyberabad. It is just the other day, precise
Shri S. P. Talwar, Deputy Governor, Reserve Bank of India
Hyderabad, known also as a Bagya Nagar, is well known for housing some of the premier institutions of this country, of which Administrative Staff College of India occupies a pride of place. The city has become a trendsetter in the emerging thrust area of Indian economic resurgence, namely Information Technology. It has provided congenial functional environment for many of global IT Giants, in the process earning the name of Cyberabad. It is just the other day, precise
جون 26, 1999
Corporate Governance in Financial Sector
 Dr. Yerram Raju, Dr. Y.R.K. Reddy and friends, I am thankful to the organisers for giving me this opportunity to be with you today. In a way, I am a part of the Administrative Staff College, since I had spent one year in the late ‘eighties as a full-time visiting fellow, doing some work on liberalisation and privatisation; apart from the fact that I have been visiting the college on and off since the ‘sixties. So, there is no way in which I could have avoided th
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
 Dr. Yerram Raju, Dr. Y.R.K. Reddy and friends, I am thankful to the organisers for giving me this opportunity to be with you today. In a way, I am a part of the Administrative Staff College, since I had spent one year in the late ‘eighties as a full-time visiting fellow, doing some work on liberalisation and privatisation; apart from the fact that I have been visiting the college on and off since the ‘sixties. So, there is no way in which I could have avoided th
جون 19, 1999
INFINET and the Payment Systems
By S.P.TalwarLadies and Gentlemen, I am very happy to be here today to inaugurate the VSAT-based communication network. Undoubtedly this is a formal occasion but also an occasion that opens a new chapter in the history of India’s banking technology. I am also happy that this event marks the very first major successful project undertaken by the Institute for Development and Research in Banking Technology (IDRBT). Let me also take this opportunity to express my deep app
Shri S. P. Talwar, Deputy Governor, Reserve Bank of India
By S.P.TalwarLadies and Gentlemen, I am very happy to be here today to inaugurate the VSAT-based communication network. Undoubtedly this is a formal occasion but also an occasion that opens a new chapter in the history of India’s banking technology. I am also happy that this event marks the very first major successful project undertaken by the Institute for Development and Research in Banking Technology (IDRBT). Let me also take this opportunity to express my deep app
جون 19, 1999
INFINET and its Impact on Banking
Keynote Address by A.VasudevanLadies and Gentlemen,Today is a momentous occasion for all of us. We are now at the threshold of a great change – a kind of a revolution, so to say, – in technology for the banking sector. We have all had the privilege of hearing a very important and a very purposeful speech of Deputy Governor, Shri Talwar, a few moments ago. I have, therefore, very little to speak on the network as such. I would, therefore, dwell on a tangential issue –
Dr. A.Vasudevan, Executive Director, Reserve Bank of India
Keynote Address by A.VasudevanLadies and Gentlemen,Today is a momentous occasion for all of us. We are now at the threshold of a great change – a kind of a revolution, so to say, – in technology for the banking sector. We have all had the privilege of hearing a very important and a very purposeful speech of Deputy Governor, Shri Talwar, a few moments ago. I have, therefore, very little to speak on the network as such. I would, therefore, dwell on a tangential issue –
جون 15, 1999
Conference on Corporate Governance in Banking and Finance
Address by S P Talwar, Deputy Governor, Reserve Bank of IndiaMy dear friends,The interest in corporate governance is not a new phenomenon and basic elements such as the rights and responsibilities of different participants in the life of the corporation have been dealt with in various laws of the country. The term corporate governance has been used in a variety of contexts in recent years, particularly in relation to Boards of companies listed on a stock exchange. Man
Shri S. P. Talwar, Deputy Governor, Reserve Bank of India
Address by S P Talwar, Deputy Governor, Reserve Bank of IndiaMy dear friends,The interest in corporate governance is not a new phenomenon and basic elements such as the rights and responsibilities of different participants in the life of the corporation have been dealt with in various laws of the country. The term corporate governance has been used in a variety of contexts in recent years, particularly in relation to Boards of companies listed on a stock exchange. Man
جون 11, 1999
External Debt Policies in Emerging Economies : New Dimensions
Mr. Chairman and friends,At the outset, I would like to express my gratitude to Dr.Shanker Acharya, Mr.Ravi Mohan and Mr.Sanjay Kathuria, who gave me an opportunity to attend this seminar on ‘Corporate External Debt Management’. The deliberations have indeed been a feast and there is nothing but admiration for the outstanding organisational abilities of all concerned. There has been an ideal mix of participants and subjects. In the previous Seminar on external debt at
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and friends,At the outset, I would like to express my gratitude to Dr.Shanker Acharya, Mr.Ravi Mohan and Mr.Sanjay Kathuria, who gave me an opportunity to attend this seminar on ‘Corporate External Debt Management’. The deliberations have indeed been a feast and there is nothing but admiration for the outstanding organisational abilities of all concerned. There has been an ideal mix of participants and subjects. In the previous Seminar on external debt at
مئی 26, 1999
Monetary Policy in India : Objectives, Instruments, Operating Procedures and Dilemmas
Chairman and friends,I thank the organisers for inviting me to deliver the inaugural address at the Fourth Annual Securities Industry Summit. Although the discussions in this Summit will specifically veer around the securities market, monetary policy strongly influences the working of the financial markets. As a central banker, I will, therefore, speak on monetary policy making, which I trust will provide some perspectives to the deliberations at the Summit.Objectives
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Chairman and friends,I thank the organisers for inviting me to deliver the inaugural address at the Fourth Annual Securities Industry Summit. Although the discussions in this Summit will specifically veer around the securities market, monetary policy strongly influences the working of the financial markets. As a central banker, I will, therefore, speak on monetary policy making, which I trust will provide some perspectives to the deliberations at the Summit.Objectives
اپریل 17, 1999
Securitisation in India: Next Steps
Chairman Mr. Gopalakrishnan and friends, I am happy to be here with you at the first of a series of seminars being organised by the Primary Dealers Association of India. In fact, this event is in fulfillment of one of the roles of the Primary Dealers Association, as a self-regulatory organisation, and as envisaged by us. The number of PDs were just six when I inaugurated the Primary Dealers Association in March 1998 and the size of the family has more than doubled to
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Chairman Mr. Gopalakrishnan and friends, I am happy to be here with you at the first of a series of seminars being organised by the Primary Dealers Association of India. In fact, this event is in fulfillment of one of the roles of the Primary Dealers Association, as a self-regulatory organisation, and as envisaged by us. The number of PDs were just six when I inaugurated the Primary Dealers Association in March 1998 and the size of the family has more than doubled to

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