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Nov 15, 2022
Lost in Transmission? Financial Markets and Monetary Policy
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
Nov 02, 2022
India : A Story of Resilience
I am happy to have been invited to this Annual FIBAC 2022 Conference. This is an important forum for industry stalwarts, banking practitioners, thought leaders and policymakers to brainstorm on emerging issues. This conference is being held at a time when the global economy is going through a process of churning. Triple shocks of COVID-19, war in Ukraine and the current financial market turmoil have created a toxic mix of factors and circumstances which every country
Shri Shaktikanta Das, Governor, Reserve Bank of India
I am happy to have been invited to this Annual FIBAC 2022 Conference. This is an important forum for industry stalwarts, banking practitioners, thought leaders and policymakers to brainstorm on emerging issues. This conference is being held at a time when the global economy is going through a process of churning. Triple shocks of COVID-19, war in Ukraine and the current financial market turmoil have created a toxic mix of factors and circumstances which every country
Oct 31, 2022
Fifty Years of Indian Banking Through the Lens of Basic Statistical Returns
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
Oct 28, 2022
Excellence in Customer Service in the Changing Paradigm of Financial Services
Namaskar, Chief Executive Officer and Chief Ombudsman, Australian Financial Complaints Authority, Mr. David Locke, Deputy Governor, RBI, Shri M K Jain, Executive Directors, RBI, Shri Anil Kumar Sharma and Shri S C Murmu, Managing Director & Chief Executive Officers of Banks and NBFCs, Shri Gaur Gopal Das, Prof. M. S. Sriram, Ombudsmen and colleagues from the Reserve Bank of India. 1. I am delighted to address this annual conference of the RBI Ombudsmen which is ta
Shri Shaktikanta Das, Governor, Reserve Bank of India
Namaskar, Chief Executive Officer and Chief Ombudsman, Australian Financial Complaints Authority, Mr. David Locke, Deputy Governor, RBI, Shri M K Jain, Executive Directors, RBI, Shri Anil Kumar Sharma and Shri S C Murmu, Managing Director & Chief Executive Officers of Banks and NBFCs, Shri Gaur Gopal Das, Prof. M. S. Sriram, Ombudsmen and colleagues from the Reserve Bank of India. 1. I am delighted to address this annual conference of the RBI Ombudsmen which is ta
Oct 21, 2022
Internationalisation of the Rupee: Is it time to shift gears?
Good Evening. It gives me great pleasure to be part of the annual day event of the Foreign Exchange Dealers Association of India (FEDAI). Since its inception in 1958, FEDAI has played a crucial role in the smooth conduct of foreign exchange business and development of forex markets. This role assumes greater significance in today’s age of rapidly evolving forex markets and innovations in financial products and instruments. 2. The global situation continues to experien
Shri T. Rabi Sankar, Deputy Governor, Reserve Bank of India
Good Evening. It gives me great pleasure to be part of the annual day event of the Foreign Exchange Dealers Association of India (FEDAI). Since its inception in 1958, FEDAI has played a crucial role in the smooth conduct of foreign exchange business and development of forex markets. This role assumes greater significance in today’s age of rapidly evolving forex markets and innovations in financial products and instruments. 2. The global situation continues to experien
Oct 16, 2022
Virtual Launch of DBUs
Hon’ble Prime Minister, Hon’ble Finance Minister, Hon’ble Ministers from the Central Government, Hon’ble Chief Ministers and Ministers from the State Governments, Hon’ble MPs and MLAs, Officers from Central and State Governments, Deputy Governors of RBI, MD&CEOs of Banks, Dignitaries and participants from across the country, Ladies and Gentlemen. 2. It is my proud privilege to welcome the Hon’ble Prime Minister to this event. His presence here is a great source of
Shri Shaktikanta Das, Governor, Reserve Bank of India
Hon’ble Prime Minister, Hon’ble Finance Minister, Hon’ble Ministers from the Central Government, Hon’ble Chief Ministers and Ministers from the State Governments, Hon’ble MPs and MLAs, Officers from Central and State Governments, Deputy Governors of RBI, MD&CEOs of Banks, Dignitaries and participants from across the country, Ladies and Gentlemen. 2. It is my proud privilege to welcome the Hon’ble Prime Minister to this event. His presence here is a great source of
Sep 20, 2022
Fintech as a Force Multiplier
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
Sep 08, 2022
Inclusive Credit: The Next Milestone

Ladies and Gentlemen, I thank ASSOCHAM for inviting me to deliver this talk here today. The theme of this summit - “Financial Inclusion & Future of Financial Services in India - Vision 2030” is indeed contextual and relevant given the challenges we face at this juncture. The discussions around the issue at this summit should generate invigorating discussions and productive outcomes during the course of the day. Financial inclusion has always been an important poli

Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India

Ladies and Gentlemen, I thank ASSOCHAM for inviting me to deliver this talk here today. The theme of this summit - “Financial Inclusion & Future of Financial Services in India - Vision 2030” is indeed contextual and relevant given the challenges we face at this juncture. The discussions around the issue at this summit should generate invigorating discussions and productive outcomes during the course of the day. Financial inclusion has always been an important poli

Sep 05, 2022
Financial Market Reforms: Approach and Expectations

1. I am happy to be part of this FIMMDA1 event today. I take this opportunity to place on record the RBI’s appreciation of the key role played by FIMMDA in the development of financial markets in India. 2. In my address this evening, I propose to reflect upon some recent financial market developments and our efforts to navigate through them in the prevailing global and domestic environment. I shall then touch upon some of our recent initiatives for the development of

Shri Shaktikanta Das, Governor, Reserve Bank of India

1. I am happy to be part of this FIMMDA1 event today. I take this opportunity to place on record the RBI’s appreciation of the key role played by FIMMDA in the development of financial markets in India. 2. In my address this evening, I propose to reflect upon some recent financial market developments and our efforts to navigate through them in the prevailing global and domestic environment. I shall then touch upon some of our recent initiatives for the development of

Aug 24, 2022
Dynamics of Inflation in South Asia
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

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