Speeches - RBI - Reserve Bank of India
Speeches & Media Interactions
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor August 08, 2024
Speeches
Apr 22, 2006
Statement by Honorable Governor Dr. Y.V. Reddy, Leader of the Indian Delegation to the International Monetary and Financial Committee
Representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka Mr. Chairman, The Global Economy and Financial Markets 1. We broadly agree with the Fund’s assessment of the global economy in its latest World Economic Outlook (WEO). A positive feature of the current growth scenario is that it is becoming more diversified. Notwithstanding such positive developments, the continuing volatility of the international oil prices and the ever widening globa
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka Mr. Chairman, The Global Economy and Financial Markets 1. We broadly agree with the Fund’s assessment of the global economy in its latest World Economic Outlook (WEO). A positive feature of the current growth scenario is that it is becoming more diversified. Notwithstanding such positive developments, the continuing volatility of the international oil prices and the ever widening globa
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Mar 27, 2006
Coping With Liquidity Management in India: A Practitioner's View
'Liquidity Management in India' is a subject that is not widely discussed but is the bread and butter of daily monetary management. Whereas I was not a monetary specialist prior to coming to the Reserve Bank, I have been able to gather some insights through on-the-job training. It is also an issue of current relevance and appeal. Conduct of monetary policy and management in the context of large and volatile capital flows has proved to be difficult for many countries.
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
'Liquidity Management in India' is a subject that is not widely discussed but is the bread and butter of daily monetary management. Whereas I was not a monetary specialist prior to coming to the Reserve Bank, I have been able to gather some insights through on-the-job training. It is also an issue of current relevance and appeal. Conduct of monetary policy and management in the context of large and volatile capital flows has proved to be difficult for many countries.
Mar 18, 2006
Governor’s Speech
Respected Prime Minister, distinguished guests and friends, On behalf of all the Reserve Bank employees - retired and serving; on behalf of the Central Board of the Bank and on my own behalf, I have the honour and privilege of extending a hearty welcome to our esteemed Prime Minister, Dr. Manmohan Singh; Governor of Maharashtra Shri S.M. Krishnaji; Chief Minister of Maharashtra State Shri Deshmukhji; Union Finance Minister Shri Chidambaramji and other distinguished gu
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Respected Prime Minister, distinguished guests and friends, On behalf of all the Reserve Bank employees - retired and serving; on behalf of the Central Board of the Bank and on my own behalf, I have the honour and privilege of extending a hearty welcome to our esteemed Prime Minister, Dr. Manmohan Singh; Governor of Maharashtra Shri S.M. Krishnaji; Chief Minister of Maharashtra State Shri Deshmukhji; Union Finance Minister Shri Chidambaramji and other distinguished gu
Mar 18, 2006
Vote of Thanks by Dr. Rakesh Mohan, Deputy Governor
It is a great honour for all of us at the Reserve Bank of India to have the Honourable Prime Minister, Dr Manmohan Singh ji, our former Governor, to release the History of the Reserve Bank and to inaugurate the Centre for Advanced Financial Learning. Both the actions are very fitting since the History goes up to the time that the Prime Minister assumed office as Governor; and the inauguration of the Centre marks a forward looking approach to the development of the fin
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
It is a great honour for all of us at the Reserve Bank of India to have the Honourable Prime Minister, Dr Manmohan Singh ji, our former Governor, to release the History of the Reserve Bank and to inaugurate the Centre for Advanced Financial Learning. Both the actions are very fitting since the History goes up to the time that the Prime Minister assumed office as Governor; and the inauguration of the Centre marks a forward looking approach to the development of the fin
Mar 18, 2006
Prime Minister's Speech
My Cabinet colleague Chidambaramji, Dr. Reddy, Ladies and Gentlemen, It is always a pleasure to be here. There is always something special about returning to a place that was one's own home. Even more so when one has only happy and warm memories. For me and my family, Mumbai has been a second home, and I have the fondest of memories of my tenure here at the Reserve Bank of India. I am delighted to release the third volume of the History of Reserve Bank of India coveri
Dr. Manmohan Singh, Hon’ble Prime Minister
My Cabinet colleague Chidambaramji, Dr. Reddy, Ladies and Gentlemen, It is always a pleasure to be here. There is always something special about returning to a place that was one's own home. Even more so when one has only happy and warm memories. For me and my family, Mumbai has been a second home, and I have the fondest of memories of my tenure here at the Reserve Bank of India. I am delighted to release the third volume of the History of Reserve Bank of India coveri
Mar 18, 2006
Finance Minister`s Speech
It gives me great pleasure to be here today on the occasion of the release of three volumes of the History of the Reserve Bank of India by the Prime Minister. On this occasion, I am happy to release one of the key research publications of the Reserve Bank, viz., Report on Currency and Finance for the year 2004-05. Since 1999, the Report has focussed on a particular theme each year so that the overlap with the Bank's other flagship publications, such as, the Annual Rep
P. Chidambaram, Hon’ble Finance Minister
It gives me great pleasure to be here today on the occasion of the release of three volumes of the History of the Reserve Bank of India by the Prime Minister. On this occasion, I am happy to release one of the key research publications of the Reserve Bank, viz., Report on Currency and Finance for the year 2004-05. Since 1999, the Report has focussed on a particular theme each year so that the overlap with the Bank's other flagship publications, such as, the Annual Rep
Mar 14, 2006
Recent Trends in the Indian Debt Market and Current Initiatives
The Indian debt market, and the government securities market in particular, is at a turning point in India with significant changes taking place in the domestic economic environment along with various proposed legislative changes. Let me briefly touch upon the reasons why I believe we are living in interesting times and why this is an opportune time to reflect on further debt market development. The first such significant change is the prohibition of RBI’s subscriptio
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
The Indian debt market, and the government securities market in particular, is at a turning point in India with significant changes taking place in the domestic economic environment along with various proposed legislative changes. Let me briefly touch upon the reasons why I believe we are living in interesting times and why this is an opportune time to reflect on further debt market development. The first such significant change is the prohibition of RBI’s subscriptio
Mar 10, 2006
Financial Sector Reform and Financial Stability
Mr. President and distinguished friends, It is a privilege and an honour to be invited for this 8th Global Conference of Actuaries. Dr. R. Kannan has been a respected colleague of mine for several years in the Reserve Bank and I am thankful to him for persuading me to join you. Also, Mr. C.S. Rao, Chairman, IRDA and Mr. D. Swarup, PFRDA have been my friends and colleagues in the Government of Andhra Pradesh and Government of India. Financial sector reform and financia
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Mr. President and distinguished friends, It is a privilege and an honour to be invited for this 8th Global Conference of Actuaries. Dr. R. Kannan has been a respected colleague of mine for several years in the Reserve Bank and I am thankful to him for persuading me to join you. Also, Mr. C.S. Rao, Chairman, IRDA and Mr. D. Swarup, PFRDA have been my friends and colleagues in the Government of Andhra Pradesh and Government of India. Financial sector reform and financia
Mar 06, 2006
Reforms, Productivity and Efficiency in Banking: The Indian Experience
Let me at the outset congratulate the Pakistan Society of Development Economists for organising this Conference. Issues of productivity and efficiency have been at the centre-stage of discussions in recent years. Nowhere is this truer than the financial sector, which is perceived to be the ‘brain’ of the economy (Stiglitz, 1998). Even within the financial sector, given the dominance of bank-based financial systems in most emerging markets including ours and the system
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
Let me at the outset congratulate the Pakistan Society of Development Economists for organising this Conference. Issues of productivity and efficiency have been at the centre-stage of discussions in recent years. Nowhere is this truer than the financial sector, which is perceived to be the ‘brain’ of the economy (Stiglitz, 1998). Even within the financial sector, given the dominance of bank-based financial systems in most emerging markets including ours and the system
Jan 31, 2006
Indian banks and the global challenges*
It gives me great pleasure and privilege to participate in the Seminar jointly hosted by Indian Merchants' Chamber and IBA at a juncture when financial services sector across jurisdictions is going through a strong phase of increasing globalisation. Integration of economies leads to integration of financial markets catalyzing the globalisation process. The growing role of the financial sector in allocation of resources has significant potential advantages for the effi
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It gives me great pleasure and privilege to participate in the Seminar jointly hosted by Indian Merchants' Chamber and IBA at a juncture when financial services sector across jurisdictions is going through a strong phase of increasing globalisation. Integration of economies leads to integration of financial markets catalyzing the globalisation process. The growing role of the financial sector in allocation of resources has significant potential advantages for the effi
Jan 23, 2006
Central Bank Communications : Some Random Thoughts
Ms. Wanda Tseng, Mr. Ariyoshi, distinguished fellow central bankers and friends, At the outset, I would like to extend a hearty welcome to all our guests to India. I hope you will find the weather outside as well as the intellectual stimulation in the seminar pleasant and productive. I am thankful to the organisers for inviting me to participate in the seminar. The subject is close to our head and heart and we, in the RBI, had organized a SAARCFIN sponsored seminar la
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Ms. Wanda Tseng, Mr. Ariyoshi, distinguished fellow central bankers and friends, At the outset, I would like to extend a hearty welcome to all our guests to India. I hope you will find the weather outside as well as the intellectual stimulation in the seminar pleasant and productive. I am thankful to the organisers for inviting me to participate in the seminar. The subject is close to our head and heart and we, in the RBI, had organized a SAARCFIN sponsored seminar la
Jan 19, 2006
Role of Accountants in Fostering Economic Growth
Distinguished guests, ladies and gentlemen, I am thankful to Shri Kamlesh Vikamsey for inviting me to this august gathering. This Conference is of relevance to all of us, not only because of the eminence of the speakers who are addressing this gathering, but also because it represents an important step by the Institute of Chartered Accountants of India (ICAI) to distill from the experiences of other countries in its quest for global benchmarking of our accounting stan
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Distinguished guests, ladies and gentlemen, I am thankful to Shri Kamlesh Vikamsey for inviting me to this august gathering. This Conference is of relevance to all of us, not only because of the eminence of the speakers who are addressing this gathering, but also because it represents an important step by the Institute of Chartered Accountants of India (ICAI) to distill from the experiences of other countries in its quest for global benchmarking of our accounting stan
Jan 16, 2006
Financial Inclusion and Millennium Development Goals*
At the outset, I take this opportunity to thank the Planning Commission, the United Nations Development Programme (UNDP) and the College of Agricultural Banking for inviting me to this very relevant program on human development and State finances. The central theme of the Millenium Development Goals (MDGs) is reduction of poverty in all its forms . The MDGs emphasise human development indicators, especially those relating to women and children, to enable people to liv
Smt. Usha Thorat, Deputy Governor, Reserve Bank of India
At the outset, I take this opportunity to thank the Planning Commission, the United Nations Development Programme (UNDP) and the College of Agricultural Banking for inviting me to this very relevant program on human development and State finances. The central theme of the Millenium Development Goals (MDGs) is reduction of poverty in all its forms . The MDGs emphasise human development indicators, especially those relating to women and children, to enable people to liv
Dec 27, 2005
Importance of Productivity in India
Respected Professor Papola and friends, It is an honour and privilege to address this august gathering. I am happy to visit Visakhapatnam, where, in 1965, I commenced my career in civil services in Andhra Pradesh as an Assistant Collector under training - learning initially from village karnam of Penduthri village (then a village) and Revenue Inspector of Gajuvoka, travelling by bicycle to the villages. I am particularly delighted that a friend for decades, an economi
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Respected Professor Papola and friends, It is an honour and privilege to address this august gathering. I am happy to visit Visakhapatnam, where, in 1965, I commenced my career in civil services in Andhra Pradesh as an Assistant Collector under training - learning initially from village karnam of Penduthri village (then a village) and Revenue Inspector of Gajuvoka, travelling by bicycle to the villages. I am particularly delighted that a friend for decades, an economi
Dec 16, 2005
Corporate governance in banks in India
Friends, I am thankful to the organisers for inviting me to give a luncheon address. There are several reasons why I was compelled to accept the responsibility. First, the eminence of the presentors, namely Indian Institute of Management, Bangalore, International Institute of Finance and Indian Banks’ Association. Second, the persuasive skills of Mr. Sinor who brings to bear the persona of the whole banking community on any subject. Third, growing importance being acc
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Friends, I am thankful to the organisers for inviting me to give a luncheon address. There are several reasons why I was compelled to accept the responsibility. First, the eminence of the presentors, namely Indian Institute of Management, Bangalore, International Institute of Finance and Indian Banks’ Association. Second, the persuasive skills of Mr. Sinor who brings to bear the persona of the whole banking community on any subject. Third, growing importance being acc
Dec 03, 2005
Future growth drivers : Retail versus corporate
Good afternoon, ladies and gentlemen. It is my pleasure to be here in the precincts of one of the premier business schools of India. When Mr. Bhusnur Math, an ex-RBI colleague, approached me for this seminar, I must concede it was the association of MDI with the event that made me accept the invitation. The way the world is changing and becoming more complex, newer challenges are being thrown up necessitating more interaction and dialogue between academia and the poli
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
Good afternoon, ladies and gentlemen. It is my pleasure to be here in the precincts of one of the premier business schools of India. When Mr. Bhusnur Math, an ex-RBI colleague, approached me for this seminar, I must concede it was the association of MDI with the event that made me accept the invitation. The way the world is changing and becoming more complex, newer challenges are being thrown up necessitating more interaction and dialogue between academia and the poli
Dec 02, 2005
Taking Banking Services to the Common Man – Financial Inclusion *
Ladies and Gentlemen, I am truly honoured to deliver the Fedbank Hormis Memorial Foundation commemorative lecture. The illustrious list of the previous years’ speakers indicates the kind of significance this commemorative lecture has acquired over the years. The late Shri K.P.Hormis, founder of Federal Bank, was a visionary and left behind an institutional set up in the form of Federal Bank which has been doing yeoman service for well over seventy five years. The Fedb
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen, I am truly honoured to deliver the Fedbank Hormis Memorial Foundation commemorative lecture. The illustrious list of the previous years’ speakers indicates the kind of significance this commemorative lecture has acquired over the years. The late Shri K.P.Hormis, founder of Federal Bank, was a visionary and left behind an institutional set up in the form of Federal Bank which has been doing yeoman service for well over seventy five years. The Fedb
Nov 26, 2005
Foreign Exchange Regulations – A Review
Good evening, ladies and gentlemen. I am happy to be here at the annual general meeting of the FEDAI. As we never tire of mentioning, the role of FEDAI is unique. It is not merely a self regulatory organization in the sense of complementing regulation, its own regulations have a binding nature to the extent they are issued under directions from RBI. As a self regulatory organization, we look to FEDAI to promote better customer service, efficient market practices by en
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
Good evening, ladies and gentlemen. I am happy to be here at the annual general meeting of the FEDAI. As we never tire of mentioning, the role of FEDAI is unique. It is not merely a self regulatory organization in the sense of complementing regulation, its own regulations have a binding nature to the extent they are issued under directions from RBI. As a self regulatory organization, we look to FEDAI to promote better customer service, efficient market practices by en
Nov 14, 2005
Indian banking – The challenges ahead
1. I deem it an honour to have been invited to deliver this year’s G Natarajan memorial lecture. I did not have the good fortune of meeting late Shri G.Natrajan but I have heard a lot about him from my friend Shri V.A. George. As a father of a mentally challenged child I had an insight into the activities of Smt. Poonam Natrajan, founder chairperson of Vidya Sagar, formerly known as Spastic Society of India, Chennai. I am grateful to her for inviting me to address thi
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
1. I deem it an honour to have been invited to deliver this year’s G Natarajan memorial lecture. I did not have the good fortune of meeting late Shri G.Natrajan but I have heard a lot about him from my friend Shri V.A. George. As a father of a mentally challenged child I had an insight into the activities of Smt. Poonam Natrajan, founder chairperson of Vidya Sagar, formerly known as Spastic Society of India, Chennai. I am grateful to her for inviting me to address thi
Nov 14, 2005
Corporate Governance in the Financial Sector
I am happy to be here today at the annual seminar of insurance regulators and feel fortunate to share the platform with a very distinguished international expert Dr. YRK Reddy of the Academy of Corporate Governance. Keeping in view the discussions on corporate governance scheduled at the seminar I intend to give a brief overview of the role and importance of corporate governance in the banking sector, initiatives undertaken by RBI and then a flag a few generic issues
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
I am happy to be here today at the annual seminar of insurance regulators and feel fortunate to share the platform with a very distinguished international expert Dr. YRK Reddy of the Academy of Corporate Governance. Keeping in view the discussions on corporate governance scheduled at the seminar I intend to give a brief overview of the role and importance of corporate governance in the banking sector, initiatives undertaken by RBI and then a flag a few generic issues
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