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Nov 07, 2006
State of the Indian Economy
It is my great pleasure to be here at the 2nd Annual Indian Securities Infrastructure & Operations Forum 2006. The recent growth momentum of the Indian economy is leading to renewed interest in India’s growth prospects. As the mid-year review of the annual policy is just over I thought instead of giving just a run-down of the current state of the Indian economy let me put the current trends into a broader perspective - both with respect to the longer term trend an
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
It is my great pleasure to be here at the 2nd Annual Indian Securities Infrastructure & Operations Forum 2006. The recent growth momentum of the Indian economy is leading to renewed interest in India’s growth prospects. As the mid-year review of the annual policy is just over I thought instead of giving just a run-down of the current state of the Indian economy let me put the current trends into a broader perspective - both with respect to the longer term trend an
Nov 04, 2006
Financial Inclusion for Sustainable Development : Role of IT and Intermediaries
My topic today is financial inclusion for sustainable development and how IT and community based organisations including NGOs can be leveraged for expanding banking outreach so as to meet the needs of the underserved population. Financial inclusion has become a buzzword internationally – even in developed financial markets there are concerns about those excluded from the banking system especially migrant workers. The barriers to access to formal banking system have be
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
My topic today is financial inclusion for sustainable development and how IT and community based organisations including NGOs can be leveraged for expanding banking outreach so as to meet the needs of the underserved population. Financial inclusion has become a buzzword internationally – even in developed financial markets there are concerns about those excluded from the banking system especially migrant workers. The barriers to access to formal banking system have be
Nov 03, 2006
Economic Growth, Financial Deepening and Financial Inclusion
I. Introduction I would like to thank the Indian Banks Association and the Andhra Bank for inviting me to this Conference, which has become an annual feature of the calendar for bankers and financial sector professionals. In view of the theme of the conference, viz., 'Inclusive Growth – A New Challenge', I thought it would be appropriate to place financial inclusion within the broad context of economic growth. There is yet another motivation for choosing the theme. Wh
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I. Introduction I would like to thank the Indian Banks Association and the Andhra Bank for inviting me to this Conference, which has become an annual feature of the calendar for bankers and financial sector professionals. In view of the theme of the conference, viz., 'Inclusive Growth – A New Challenge', I thought it would be appropriate to place financial inclusion within the broad context of economic growth. There is yet another motivation for choosing the theme. Wh
Oct 23, 2006
Payment and Settlement Systems : Select issues
Director Shri Sharma, Mr. Hollandars, Mr. O’Connor, Mr. Shigang, Ms. Christova, Mr. Beau and distinguished participants and Ladies and Gentlemen, It is my pleasure to be with you this evening to deliver the valedictory address at the Regional Payment and Settlement Systems Workshop organised jointly by the Reserve Bank of India (RBI) and the Bank for International Settlements (BIS). Participants from the central banks of 16 countries from Africa and Asia have attended
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Director Shri Sharma, Mr. Hollandars, Mr. O’Connor, Mr. Shigang, Ms. Christova, Mr. Beau and distinguished participants and Ladies and Gentlemen, It is my pleasure to be with you this evening to deliver the valedictory address at the Regional Payment and Settlement Systems Workshop organised jointly by the Reserve Bank of India (RBI) and the Bank for International Settlements (BIS). Participants from the central banks of 16 countries from Africa and Asia have attended
Oct 13, 2006
Risks Associated with Macroeconomic Adjustments: Global Perspective
I. Growth Trends I am happy to observe the continued healthy expansion of world GDP and that the International Monetary Fund (IMF) is projecting only a marginal slowdown from 5.1 per cent in 2006 to 4.9 per cent in 2007. It is important to note, however, that some other forecasters are not so sanguine. The global economy has maintained its pace of growth in the first half of 2006. Although growth rates recorded in most of the advanced as well as emerging economies hav
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
I. Growth Trends I am happy to observe the continued healthy expansion of world GDP and that the International Monetary Fund (IMF) is projecting only a marginal slowdown from 5.1 per cent in 2006 to 4.9 per cent in 2007. It is important to note, however, that some other forecasters are not so sanguine. The global economy has maintained its pace of growth in the first half of 2006. Although growth rates recorded in most of the advanced as well as emerging economies hav
Oct 09, 2006
Banking and Financial Sector Reforms : Status and Prospects*
Respected Prime Minister Sir, Shri Vineet Jain, Honourable Shri Chidambaram, Dr. Rangarajan, Shri Ahluwalia, leaders of industry and finance, and friends, I am thankful to the organisers for according me the privilege of participating in this panel discussion. My comments are divided into three parts - personal, present status, and prospects for Banking and Financial Sector Reforms. On the personal front, I have worked closely with all the distinguished panelists here
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Respected Prime Minister Sir, Shri Vineet Jain, Honourable Shri Chidambaram, Dr. Rangarajan, Shri Ahluwalia, leaders of industry and finance, and friends, I am thankful to the organisers for according me the privilege of participating in this panel discussion. My comments are divided into three parts - personal, present status, and prospects for Banking and Financial Sector Reforms. On the personal front, I have worked closely with all the distinguished panelists here
Sep 29, 2006
Globalisation, Money and Finance – Uncertainties and Dilemmas*
Globalisation, Money and Finance – Uncertainties and Dilemmas* Dear friends, I am honoured to be invited to deliver the valedictory address at the 2006 FICCI-IBA Conference. I would like to begin by complimenting the hosts for their choice of the theme: "Global Banking: Paradigm Shift". Many distinguished speakers have participated already in the deliberations and hence I will attempt a broader overview of globalisation issues at the current juncture. My address is on
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Globalisation, Money and Finance – Uncertainties and Dilemmas* Dear friends, I am honoured to be invited to deliver the valedictory address at the 2006 FICCI-IBA Conference. I would like to begin by complimenting the hosts for their choice of the theme: "Global Banking: Paradigm Shift". Many distinguished speakers have participated already in the deliberations and hence I will attempt a broader overview of globalisation issues at the current juncture. My address is on
Sep 29, 2006
Reserve Bank of India Archives: Some Reflections and the Way
It is a real pleasure to be here today on the occasion of the Silver Jubilee Inaugural Function of the Reserve Bank of India Archives (RBIA), earlier known as the Central Records and Documentation Centre (CRDC). The Reserve Bank of India established its Central Archives on August 24, 1981 with twin objectives to serve as (i) repository of non-current permanent records and (ii) the Central Archives of the Reserve Bank of India for research purposes. I am pleased to inf
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
It is a real pleasure to be here today on the occasion of the Silver Jubilee Inaugural Function of the Reserve Bank of India Archives (RBIA), earlier known as the Central Records and Documentation Centre (CRDC). The Reserve Bank of India established its Central Archives on August 24, 1981 with twin objectives to serve as (i) repository of non-current permanent records and (ii) the Central Archives of the Reserve Bank of India for research purposes. I am pleased to inf
Sep 27, 2006
Changing Paradigms in Risk Management
The world of finance has always had an intuitive understanding of risk. The risks that emerge from the increased variety and complexities of banking business, as well as from the various new drivers of growth has pushed the contours of risk management in banks much beyond what would probably have existed in the more traditional forms of banking activity of accepting deposits and lending in relatively stable environments. Internationally, the last two decades or so hav
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
The world of finance has always had an intuitive understanding of risk. The risks that emerge from the increased variety and complexities of banking business, as well as from the various new drivers of growth has pushed the contours of risk management in banks much beyond what would probably have existed in the more traditional forms of banking activity of accepting deposits and lending in relatively stable environments. Internationally, the last two decades or so hav
Sep 26, 2006
Demystifying Basel II*
Friends, it gives me great pleasure to share my thoughts on some of the elements of Basel II implementation in India with this august gathering. I firmly believe that periodical sharing of thoughts and views by us on issues of topical relevance with bankers - both domestic and foreign; eminent bank regulators and supervisors from abroad; and above all - the users of the banking system, is fundamental for promoting greater transparency and understanding of the intent a
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
Friends, it gives me great pleasure to share my thoughts on some of the elements of Basel II implementation in India with this august gathering. I firmly believe that periodical sharing of thoughts and views by us on issues of topical relevance with bankers - both domestic and foreign; eminent bank regulators and supervisors from abroad; and above all - the users of the banking system, is fundamental for promoting greater transparency and understanding of the intent a

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