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Jul 03, 2023
Statistics Shape the Setting of Monetary Policy - Speech delivered by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - June 30, 2023 - at the Statistics Day Conference at RBI, Mumbai
Namaskar and Good Afternoon! Our eminent chief guest Professor S R S Varadhan, Frank Jay Gould Professor of Science, New York University and recipient of the Padma Vibhushan, Professor Rajeeva L. Karandikar, Chairman, National Statistical Commission – we eagerly await his keynote address -, Professor G. Sivakumar, Professor, Computer Science, Indian Institute of Technology, Bombay, whose guidance has been illuminating the voyage of CIMS from an idea to reality, distin
Dr. Michael Debabrata Patra, Deputy Governor, Reserve Bank of India
Namaskar and Good Afternoon! Our eminent chief guest Professor S R S Varadhan, Frank Jay Gould Professor of Science, New York University and recipient of the Padma Vibhushan, Professor Rajeeva L. Karandikar, Chairman, National Statistical Commission – we eagerly await his keynote address -, Professor G. Sivakumar, Professor, Computer Science, Indian Institute of Technology, Bombay, whose guidance has been illuminating the voyage of CIMS from an idea to reality, distin
Jun 30, 2023
Inaugural Address by Shri Shaktikanta Das, Governor at the 17th Statistics Day Conference organised by the Department of Statistics and Information Management, Reserve Bank of India on June 30, 2023, Mumbai
I am happy to participate in the 17th annual ‘Statistics Day Conference’ of the Reserve Bank, and also to launch the ‘Centralised Information Management System’ or CIMS, which is our next generation data warehouse. Over two decades ago, the Reserve Bank was among the pioneer central banks to set up its data warehouse. Considering the developments during the interregnum, it is natural that we migrate to a new platform with a more enriched orientation. 2. Celebration of
Shri Shaktikanta Das, Governor, Reserve Bank of India
I am happy to participate in the 17th annual ‘Statistics Day Conference’ of the Reserve Bank, and also to launch the ‘Centralised Information Management System’ or CIMS, which is our next generation data warehouse. Over two decades ago, the Reserve Bank was among the pioneer central banks to set up its data warehouse. Considering the developments during the interregnum, it is natural that we migrate to a new platform with a more enriched orientation. 2. Celebration of
Jun 15, 2023
Some perspectives on Banking Supervision - Opening remarks by Shri M K Jain, Deputy Governor, Reserve Bank of India - June 14, 2023 - at the 25th SEACEN-FSI Conference of the Directors of Supervision of Asia Pacific Economies in Mumbai
Mr. Mangal Goswami, Executive Director, SEACEN Centre, Mr. Raihan Zamil, Senior Advisor, Financial Stability Institute, Directors of Supervision of Asia-Pacific Economies, Ladies and gentlemen. A very good morning to all of you. The Reserve Bank is delighted to host this Conference of Directors of Supervision. SEACEN Research and Training Centre and FSI have curated an excellent line-up of topics that are both timely and pertinent, covering key banking risks in the As
Shri M. K. Jain, Deputy Governor, Reserve Bank of India
Mr. Mangal Goswami, Executive Director, SEACEN Centre, Mr. Raihan Zamil, Senior Advisor, Financial Stability Institute, Directors of Supervision of Asia-Pacific Economies, Ladies and gentlemen. A very good morning to all of you. The Reserve Bank is delighted to host this Conference of Directors of Supervision. SEACEN Research and Training Centre and FSI have curated an excellent line-up of topics that are both timely and pertinent, covering key banking risks in the As
Jun 13, 2023
Central Banking in Uncertain Times: The Indian Experience - Opening Plenary Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - June 13, 2023 - Delivered at the Summer Meetings organised by Central Banking, London, UK

In recent times, especially since the outbreak of the COVID-19 pandemic, central banks – who are at the core of monetary and financial systems – have been called to do “heavy lifting” well beyond their traditional mandate. Central banks have navigated through unchartered waters during the three black swan events – the pandemic, the war in Ukraine and the unprecedented scale and pace of global monetary policy normalisation – all in the span of three years. More recentl

Shri Shaktikanta Das, Governor, Reserve Bank of India

In recent times, especially since the outbreak of the COVID-19 pandemic, central banks – who are at the core of monetary and financial systems – have been called to do “heavy lifting” well beyond their traditional mandate. Central banks have navigated through unchartered waters during the three black swan events – the pandemic, the war in Ukraine and the unprecedented scale and pace of global monetary policy normalisation – all in the span of three years. More recentl

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
Jun 05, 2023
Governance in Banks: Driving Sustainable Growth and Stability - Remarks delivered by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India at the Conference of Directors of Banks organised by the Reserve Bank of India for Public Sector Banks on May 22, 2023 in New Delhi and Private Sector Banks on May 29, 2023 in Mumbai
Governor Shri Das, Deputy Governor Shri Jain, EDs, Chairmen, MDs, distinguished members of the Board, my colleagues from RBI, ladies, and gentlemen, I am glad to be amongst you today on this occasion to engage with you on a topic that the Reserve Bank considers of the utmost importance. Governance in banks is a focus area of RBI’s regulatory and supervisory efforts. To ensure there is alignment between the regulator and stakeholders’ perspectives, encourage free and f
Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India
Governor Shri Das, Deputy Governor Shri Jain, EDs, Chairmen, MDs, distinguished members of the Board, my colleagues from RBI, ladies, and gentlemen, I am glad to be amongst you today on this occasion to engage with you on a topic that the Reserve Bank considers of the utmost importance. Governance in banks is a focus area of RBI’s regulatory and supervisory efforts. To ensure there is alignment between the regulator and stakeholders’ perspectives, encourage free and f
Jun 05, 2023
Cyber Security for a safer Financial System - Keynote address by Shri M K Jain, Deputy Governor, Reserve Bank of India - June 5, 2023 - at ‘Cyber Security Exercise for Banking Sector’ an international event under India’s G 20 Presidency in Mumbai
Dr. Sanjay Bahl, Director General of Computer Emergency Response Team – In (CERT-In), distinguished guests from the IMF, the BIS, delegates from other central banks and CERTs, MDs/CEOs of banks from India and their team members, global CISOs and CTOs of foreign banks, my colleagues from RBI, ladies and gentlemen. Good morning to all of you. 2. I thank all of you for joining us for this important event to deliberate upon the critical area of cyber security that has bec
Shri M. K. Jain, Deputy Governor, Reserve Bank of India
Dr. Sanjay Bahl, Director General of Computer Emergency Response Team – In (CERT-In), distinguished guests from the IMF, the BIS, delegates from other central banks and CERTs, MDs/CEOs of banks from India and their team members, global CISOs and CTOs of foreign banks, my colleagues from RBI, ladies and gentlemen. Good morning to all of you. 2. I thank all of you for joining us for this important event to deliberate upon the critical area of cyber security that has bec
May 31, 2023
Governance in Banks: Driving Sustainable Growth and Stability - Speech delivered by Shri M K Jain, Deputy Governor, Reserve Bank of India at the Conference of Directors of Banks organised by the Reserve Bank of India for Public Sector Banks on May 22, 2023 in New Delhi and Private Sector Banks on May 29, 2023 in Mumbai
Governor, Deputy Governor Shri M R Rao, colleagues from the RBI and distinguished directors of banks. Good morning. It is indeed an honour to be here to discuss a topic of utmost importance: Governance in Banks – Driving Sustainable Growth and Stability. You are seasoned professionals with expertise in your domains. Today, I intend to share some insights from my experience both as a practitioner as well as supervisor. 2. We had three key objectives in mind for holding
Shri M. K. Jain, Deputy Governor, Reserve Bank of India
Governor, Deputy Governor Shri M R Rao, colleagues from the RBI and distinguished directors of banks. Good morning. It is indeed an honour to be here to discuss a topic of utmost importance: Governance in Banks – Driving Sustainable Growth and Stability. You are seasoned professionals with expertise in your domains. Today, I intend to share some insights from my experience both as a practitioner as well as supervisor. 2. We had three key objectives in mind for holding
May 29, 2023
‘Governance in Banks: Driving Sustainable Growth and Stability’ - Inaugural Address by Shri Shaktikanta Das, Governor at the Conference of Directors of Banks organised by the Reserve Bank of India for Public Sector Banks on May 22, 2023 in New Delhi and Private Sector Banks on May 29, 2023 in Mumbai
I am very happy to be here in this maiden Conference of the Directors in the Boards of Banks organised by the Reserve Bank of India. At the outset, I would like to acknowledge the key role played by the Banks in the process of economic development of our country. Over the years and especially in the recent period, Banks have been able to maintain financial and operational resilience in the face of extreme stress originating from the COVID-19 pandemic, the continuing w
Shri Shaktikanta Das, Governor, Reserve Bank of India
I am very happy to be here in this maiden Conference of the Directors in the Boards of Banks organised by the Reserve Bank of India. At the outset, I would like to acknowledge the key role played by the Banks in the process of economic development of our country. Over the years and especially in the recent period, Banks have been able to maintain financial and operational resilience in the face of extreme stress originating from the COVID-19 pandemic, the continuing w
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

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