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Jun 11, 2023
Productivity: The Promise of Progress - Inaugural address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - June 11, 2023 - at the Sixth Asia KLEMS Conference at Lonavala

I. Introduction Good evening! I welcome you all to the sixth Asia KLEMS Conference, to India and to the Reserve Bank of India, henceforth RBI. We are honoured to host this conference in physical mode after the arduous isolation imposed by the pandemic. The hill town of Lonavala, an ancient resting place for travellers and traders, is nestled in India’s soon-to-be monsoon-drenched western ghats – a chain of mountains running 30 to 50 km inland parallel to India’s west

Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India

I. Introduction Good evening! I welcome you all to the sixth Asia KLEMS Conference, to India and to the Reserve Bank of India, henceforth RBI. We are honoured to host this conference in physical mode after the arduous isolation imposed by the pandemic. The hill town of Lonavala, an ancient resting place for travellers and traders, is nestled in India’s soon-to-be monsoon-drenched western ghats – a chain of mountains running 30 to 50 km inland parallel to India’s west

May 10, 2023
The Dawn of India’s Age - Inaugural address delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - May 10, 2023 - at the Indira Gandhi Institute of Development Research (IGIDR) Alumni Conference, Mumbai
Dr. Basanta Kumar Pradhan, Director, Indira Gandhi Institute of Development Research or IGIDR, Prof Subrata Sarkar, Convenor of the Conference Committee, Faculty Members of IGIDR, Distinguished Alumni of the Institute, Ladies and Gentlemen, Namaskar and Good Afternoon! I am deeply honoured to be invited to inaugurate the IGIDR Alumni Conference which, perhaps for the first time, brings together former students, current students and faculty under the mantle of the alma
Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India
Dr. Basanta Kumar Pradhan, Director, Indira Gandhi Institute of Development Research or IGIDR, Prof Subrata Sarkar, Convenor of the Conference Committee, Faculty Members of IGIDR, Distinguished Alumni of the Institute, Ladies and Gentlemen, Namaskar and Good Afternoon! I am deeply honoured to be invited to inaugurate the IGIDR Alumni Conference which, perhaps for the first time, brings together former students, current students and faculty under the mantle of the alma
Mar 10, 2023
The FinTech Revolution in India- Innovation, Inclusion and Regulation - Speech delivered by Shri M K Jain, Deputy Governor, Reserve Bank of India - March 10, 2023 - at the International Research Conference on FinTech: Innovation, Inclusion, and Regulation jointly organized by the Indian Institute of Management (IIM), Ahmedabad and the Centre for Advanced Financial Research and Learning (CAFRAL)

Shri Injeti Srinivas (Chairperson, IFSCA), Shri B. P. Kanungo (Director, CAFRAL), faculty members of IIM Ahmedabad and CAFRAL, and distinguished participants of this conference, a warm greeting to you all! 1. I am delighted to be present here at this International Research Conference on FinTech. The theme on ‘Innovation, Inclusion, and Regulation’ in the context of the FinTech Revolution in India is indeed very topical and relevant to the times we live in. 2. New tech

Shri M. K. Jain, Deputy Governor, Reserve Bank of India

Shri Injeti Srinivas (Chairperson, IFSCA), Shri B. P. Kanungo (Director, CAFRAL), faculty members of IIM Ahmedabad and CAFRAL, and distinguished participants of this conference, a warm greeting to you all! 1. I am delighted to be present here at this International Research Conference on FinTech. The theme on ‘Innovation, Inclusion, and Regulation’ in the context of the FinTech Revolution in India is indeed very topical and relevant to the times we live in. 2. New tech

Dec 27, 2022
Fintech & Regulation - Speech delivered by Shri T. Rabi Sankar, Deputy Governor, Reserve Bank of India - December 21, 2022 - at the Business Standard Summit in Mumbai

1. Year-ends are usually a time for introspection and 2022 clearly offers a lot of food for thought. On the bright side, humanity seems to be finally putting the horrors of Covid behind it. The rest of the story is not so bright. The specter of war and geopolitical tension has reared its head again. We were told in the late 1990s that business cycles were dead and inflation has been conquered. After the financial crisis in advanced economies, the focus shifted to defl

Shri T. Rabi Sankar, Deputy Governor, Reserve Bank of India

1. Year-ends are usually a time for introspection and 2022 clearly offers a lot of food for thought. On the bright side, humanity seems to be finally putting the horrors of Covid behind it. The rest of the story is not so bright. The specter of war and geopolitical tension has reared its head again. We were told in the late 1990s that business cycles were dead and inflation has been conquered. After the financial crisis in advanced economies, the focus shifted to defl

Nov 24, 2022
The Lighter Side of Making Monetary Policy - Speech delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - November 24, 2022 - in the 9th SBI Banking and Economics Conclave, Mumbai
I am honoured to be invited to this year’s Conclave. In a short span of eight years, the SBI Banking and Economics Conclave has emerged as an important platform of eminence and relevance for deliberating on issues shaping the banking system and more broadly, India’s financial sector. This year, the backdrop is a daunting one. Across the world, monetary policy authorities are engaged in the most aggressive and synchronized tightening in decades. They are resolute in th
Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India
I am honoured to be invited to this year’s Conclave. In a short span of eight years, the SBI Banking and Economics Conclave has emerged as an important platform of eminence and relevance for deliberating on issues shaping the banking system and more broadly, India’s financial sector. This year, the backdrop is a daunting one. Across the world, monetary policy authorities are engaged in the most aggressive and synchronized tightening in decades. They are resolute in th
Nov 15, 2022
Lost in Transmission? Financial Markets and Monetary Policy - Speech delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - November 12, 2022 - in the Treasury Heads’ Seminar organised by the Reserve Bank at Lonavala

I thank you all for your very valuable participation in this seminar, the third in the series that we began in May 2016. In this context, I want to thank our team in the Financial Markets Regulation Department for making this Seminar happen with physical interactions after a long gap. Given my abiding interest in financial markets, I am particularly grateful to our team for ensuring that I don’t miss this opportunity to be with treasury heads and financial market expe

Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India

I thank you all for your very valuable participation in this seminar, the third in the series that we began in May 2016. In this context, I want to thank our team in the Financial Markets Regulation Department for making this Seminar happen with physical interactions after a long gap. Given my abiding interest in financial markets, I am particularly grateful to our team for ensuring that I don’t miss this opportunity to be with treasury heads and financial market expe

Oct 31, 2022
Fifty Years of Indian Banking Through the Lens of Basic Statistical Returns - Speech delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - October 28, 2022 - in the Conference on ‘BSR@50’ organised by the Bank at Mumbai
Dr. R. B. Barman, former Chairman, National Statistical Commission, Shri S. H. Saoji, Dr. A. K. Nag and other former colleagues who contributed richly to the Basic Statistical Return (BSR) system, senior officials from banks – I am glad to see many Chief Compliance Officers (CCOs) of banks participating today – Executive Directors and other colleagues from the Reserve Bank, Ladies and Gentlemen, 2. Today, we celebrate the 50th year of the BSR system and pause to refle
Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India
Dr. R. B. Barman, former Chairman, National Statistical Commission, Shri S. H. Saoji, Dr. A. K. Nag and other former colleagues who contributed richly to the Basic Statistical Return (BSR) system, senior officials from banks – I am glad to see many Chief Compliance Officers (CCOs) of banks participating today – Executive Directors and other colleagues from the Reserve Bank, Ladies and Gentlemen, 2. Today, we celebrate the 50th year of the BSR system and pause to refle
Sep 20, 2022
Fintech as a Force Multiplier - Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - September 20, 2022 - at the Global Fintech Festival, Mumbai

I am delighted to be here today in the third edition of the Global Fintech Festival (GFF). I would like to congratulate the organisers – the National Payments Corporation of India (NPCI), the Fintech Convergence Council (FCC) and the Payment Council of India (PCI) for organising this event. The theme of the event – Creating a sustainable financial world - is very relevant in current times. 2. In recent years, India has witnessed rapid progress in the financial service

Shri Shaktikanta Das, Governor, Reserve Bank of India

I am delighted to be here today in the third edition of the Global Fintech Festival (GFF). I would like to congratulate the organisers – the National Payments Corporation of India (NPCI), the Fintech Convergence Council (FCC) and the Payment Council of India (PCI) for organising this event. The theme of the event – Creating a sustainable financial world - is very relevant in current times. 2. In recent years, India has witnessed rapid progress in the financial service

Aug 24, 2022
Dynamics of Inflation in South Asia - Keynote address delivered by Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - August 24, 2022 - at the SAARCFINANCE Seminar hosted by India, New Delhi

Good afternoon and a warm welcome to South Asian Association for Regional Cooperation (SAARC) central bank colleagues participating in this first physical seminar under the aegis of SAARCFINANCE after the onset of the pandemic. Greetings to Ms. Dechen Pelzom, Executive Director, Royal Monetary Authority of Bhutan. We are delighted to have with us colleagues from the Ministry of Finance, and virtual participants from our central banks, the Bank for International Settle

Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India

Good afternoon and a warm welcome to South Asian Association for Regional Cooperation (SAARC) central bank colleagues participating in this first physical seminar under the aegis of SAARCFINANCE after the onset of the pandemic. Greetings to Ms. Dechen Pelzom, Executive Director, Royal Monetary Authority of Bhutan. We are delighted to have with us colleagues from the Ministry of Finance, and virtual participants from our central banks, the Bank for International Settle

Aug 13, 2022
INDIA@75 - Speech delivered by Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India in an event to celebrate Azadi Ka Amrit Mohotsav organised by Reserve Bank of India - August 13, 2022, Bhubaneswar

Dr. Hrudananda Panda, Regional Director, Reserve Bank of India (RBI), Bhubaneswar, distinguished guests of the RBI from the Government of Odisha, academia, banks, financial institutions, industry associations, the media, scholars and students, my colleagues from the RBI, Ladies and Gentlemen, I am deeply honoured to be invited to deliver this address as part of the celebration of the 75th year of our Independence. I thank Dr. Panda for inviting me and more than that,

Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India

Dr. Hrudananda Panda, Regional Director, Reserve Bank of India (RBI), Bhubaneswar, distinguished guests of the RBI from the Government of Odisha, academia, banks, financial institutions, industry associations, the media, scholars and students, my colleagues from the RBI, Ladies and Gentlemen, I am deeply honoured to be invited to deliver this address as part of the celebration of the 75th year of our Independence. I thank Dr. Panda for inviting me and more than that,

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