Speeches - RBI - Reserve Bank of India
Speeches & Media Interactions
Monetary Policy Statement by Shri Shaktikanta Das, RBI Governor August 08, 2024
Speeches
Nov 23, 1998
Managing Capital Flows
Capital inflows to developing countries have many beneficial effects, especially in financing investment and economic growth; but they are also sometimes problematic for policy makers in developing countries. Large capital flows could push up monetary aggregates, create inflationary pressures, destabilise exchange rate, affect domestic financial sector, and finally disrupt the economy if and when such flows get reversed or drastically reduced. The experience so far ha
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Capital inflows to developing countries have many beneficial effects, especially in financing investment and economic growth; but they are also sometimes problematic for policy makers in developing countries. Large capital flows could push up monetary aggregates, create inflationary pressures, destabilise exchange rate, affect domestic financial sector, and finally disrupt the economy if and when such flows get reversed or drastically reduced. The experience so far ha
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Nov 20, 1998
Financial Sector Reform: Review and Prospects
Financial Sector Reform: Review and ProspectsI am thankful to Professor Nirvikar Singh for giving me this opportunity to be with a group of very eminent economists, with deep understanding of various aspects of Indias economy. I have set, for myself, a humble task of presenting before you, a consolidated account of financial reform measures undertaken so far, and indicate where we were before reform and where we are now. Comments and outlook in regard to some of the
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Financial Sector Reform: Review and ProspectsI am thankful to Professor Nirvikar Singh for giving me this opportunity to be with a group of very eminent economists, with deep understanding of various aspects of Indias economy. I have set, for myself, a humble task of presenting before you, a consolidated account of financial reform measures undertaken so far, and indicate where we were before reform and where we are now. Comments and outlook in regard to some of the
Nov 14, 1998
RBI and Banking Sector Reform
Chairman and Friends, It is a great honour and privilege to be here in IIM - Ahmedabad to interact with distinguished scholars and brilliant students of management. You represent the cream of Indian intellect, and Indian intellect is recognised as perhaps the cream of world intellect. I am looking forward to a lively and fruitful discussion today. In consultation with the organisers, I selected the topic for todays talk, viz., "RBI and Banking Sector Reform". Financi
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Chairman and Friends, It is a great honour and privilege to be here in IIM - Ahmedabad to interact with distinguished scholars and brilliant students of management. You represent the cream of Indian intellect, and Indian intellect is recognised as perhaps the cream of world intellect. I am looking forward to a lively and fruitful discussion today. In consultation with the organisers, I selected the topic for todays talk, viz., "RBI and Banking Sector Reform". Financi
Nov 11, 1998
Infrastructure Financing : Status and Issues
The process of economic reforms initiated in India in early nineties has focused, inter alia, on the infrastructure sector especially on attracting private investment. A number of policy initiatives have been taken by the Government of India and Reserve Bank of India (RBI) to attract such private investment. The present paper while listing the important developments also makes an attempt to focus on some of the important issues critical to infrastructure financing. Th
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
The process of economic reforms initiated in India in early nineties has focused, inter alia, on the infrastructure sector especially on attracting private investment. A number of policy initiatives have been taken by the Government of India and Reserve Bank of India (RBI) to attract such private investment. The present paper while listing the important developments also makes an attempt to focus on some of the important issues critical to infrastructure financing. Th
Nov 02, 1998
Development of Debt Markets in India·
Mr. Chairman, Honourable Finance Minister Yashwant Sinhaji, Mr.Lim and friends, At the outset, I would like to thank The World Bank for organising this high-level well attended, interactive, business-like seminar on a subject of high priority for India. My presentation would start with features and magnitudes of debt market in India and briefly touch on policy developments since 1991-92. Significant reforms in debt markets undertaken since last year will then be recal
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman, Honourable Finance Minister Yashwant Sinhaji, Mr.Lim and friends, At the outset, I would like to thank The World Bank for organising this high-level well attended, interactive, business-like seminar on a subject of high priority for India. My presentation would start with features and magnitudes of debt market in India and briefly touch on policy developments since 1991-92. Significant reforms in debt markets undertaken since last year will then be recal
Oct 01, 1998
Managing Capital Account
Friends, On behalf of the Reserve Bank of India, I would like to convey my warm greetings to all the delegates from various South Asian countries. I have special pleasure in welcoming our chief guest, Governor A. S. Jayawardhene. The forex markets in many parts of the world are going through a turmoil due to currency crises, which are intensively affecting more and more countries. Much of these crises are characterised by volatile capital flows though the underlying
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Friends, On behalf of the Reserve Bank of India, I would like to convey my warm greetings to all the delegates from various South Asian countries. I have special pleasure in welcoming our chief guest, Governor A. S. Jayawardhene. The forex markets in many parts of the world are going through a turmoil due to currency crises, which are intensively affecting more and more countries. Much of these crises are characterised by volatile capital flows though the underlying
Sep 19, 1998
Management Challenges for the Next Century
It is a privilege to be in the midst of this distinguished gathering to deliver the valedictory address to the National Management Convention this evening. This is the Silver Jubilee year of this Convention, and represents an important event in the history of the All India Management Association. It is a fitting tribute to the Silver Jubilee year that this convention is devoted to such an important theme as strategies for strengthening competitiveness of Indian econom
Dr. Bimal Jalan, Governor, Reserve Bank of India
It is a privilege to be in the midst of this distinguished gathering to deliver the valedictory address to the National Management Convention this evening. This is the Silver Jubilee year of this Convention, and represents an important event in the history of the All India Management Association. It is a fitting tribute to the Silver Jubilee year that this convention is devoted to such an important theme as strategies for strengthening competitiveness of Indian econom
Sep 16, 1998
Trends in International Banking
I am very happy to be with you on this occasion. I would like to commend the Indian Banks' Association for organising the International Banking Conference at a very timely and critical juncture. The theme of the Conference assumes great significance in the current international environment. In the context of the Asian financial crisis and the continuing turbulence in the international financial markets, the formulation and application of international rules for sound
Dr. Bimal Jalan, Governor, Reserve Bank of India
I am very happy to be with you on this occasion. I would like to commend the Indian Banks' Association for organising the International Banking Conference at a very timely and critical juncture. The theme of the Conference assumes great significance in the current international environment. In the context of the Asian financial crisis and the continuing turbulence in the international financial markets, the formulation and application of international rules for sound
Aug 14, 1998
Indian Economy: A Retrospect and Prospects
Friends, Coming to Tirupati is like a journey down memory lane for me. I belong to a village nearby though in Cuddapah district, studied what was known then as Intermediate Course in Sri Venkateswara University and worked for several years on development of the Rayalaseema region. I served in Chittoor, your district as Secretary, Zilla Parishad in 1967. So, for more than one reason, I am grateful to the organisers for giving me this opportunity to be with you, in a ga
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Friends, Coming to Tirupati is like a journey down memory lane for me. I belong to a village nearby though in Cuddapah district, studied what was known then as Intermediate Course in Sri Venkateswara University and worked for several years on development of the Rayalaseema region. I served in Chittoor, your district as Secretary, Zilla Parishad in 1967. So, for more than one reason, I am grateful to the organisers for giving me this opportunity to be with you, in a ga
Aug 02, 1998
Venture Capital and Technology Development in India
For News agencies and electronic media not before 8.00 p.m. August 2, 1998 Newspapers not before August 3, 1998 Venture Capital and Technology Development in India : An Agenda for Deliberations I thank the organisers, and in particular my senior and respected colleague Mr. Nayak, for giving me this opportunity to be with you, and deliver the keynote address at this National Venture Capital Seminar. I am happy to observe that the Centre for Technology Development (CTD)
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
For News agencies and electronic media not before 8.00 p.m. August 2, 1998 Newspapers not before August 3, 1998 Venture Capital and Technology Development in India : An Agenda for Deliberations I thank the organisers, and in particular my senior and respected colleague Mr. Nayak, for giving me this opportunity to be with you, and deliver the keynote address at this National Venture Capital Seminar. I am happy to observe that the Centre for Technology Development (CTD)
Jul 17, 1998
India among the leaders of 21st century: Fifth L.K. Jha Memorial Lecture
Mr. Governor, relatives of the late Mr. L.K. Jha, ladies and gentlemen : Dangerous, often fatal, is the prophet's calling. Most are put to death. That was nearly UNCTAD's fate a couple of years ago. The few survivors of the lynch mob usually succumb to one of two evils. The first is the ugly sin of Schadenfreude, that is, rejoicing in other people's misfortune. The second is the loss of face they suffer when their predictions do not come true. Things have worsened so
Mr. Rubens Ricupero, Secretary-General of UNCTAD
Mr. Governor, relatives of the late Mr. L.K. Jha, ladies and gentlemen : Dangerous, often fatal, is the prophet's calling. Most are put to death. That was nearly UNCTAD's fate a couple of years ago. The few survivors of the lynch mob usually succumb to one of two evils. The first is the ugly sin of Schadenfreude, that is, rejoicing in other people's misfortune. The second is the loss of face they suffer when their predictions do not come true. Things have worsened so
Jun 03, 1998
Interest Rates in India : Status and Issues
Address at the Inaugural Conference of Fixed Income Money Market and Derivatives Association of India (FIMMDA) by Dr.Y.V.Reddy, Deputy Governor, Reserve Bank of India, on June 3, 1998 at Mumbai. Interest Rates in India : Status and Issues Friends, I am happy to be here at the inaugural conference to commemorate the incorporation of Fixed Income Money Market and Derivatives Association of India (FIMMDA). Let me, at the outset, congratulate the organisers who have taken
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Address at the Inaugural Conference of Fixed Income Money Market and Derivatives Association of India (FIMMDA) by Dr.Y.V.Reddy, Deputy Governor, Reserve Bank of India, on June 3, 1998 at Mumbai. Interest Rates in India : Status and Issues Friends, I am happy to be here at the inaugural conference to commemorate the incorporation of Fixed Income Money Market and Derivatives Association of India (FIMMDA). Let me, at the outset, congratulate the organisers who have taken
May 08, 1998
Science, Technology and Development: Sir Vithal N. Chandavarkar Memorial Lecture
I am grateful to the Indian Institute of Science, unique Institute committed to advanced research and education on Science and Technology for asking me to deliver this lecture in the memory of Sir Vithal N. Chandravarkar. As a non-scientist, I feel specially privileged to be invited to address this distinguished audience in this famous institution. Sir Vithal Chandravarkar, a barrister by profession, was a towering personality in Indian public life. The University of
Dr. Bimal Jalan, Governor, Reserve Bank of India
I am grateful to the Indian Institute of Science, unique Institute committed to advanced research and education on Science and Technology for asking me to deliver this lecture in the memory of Sir Vithal N. Chandravarkar. As a non-scientist, I feel specially privileged to be invited to address this distinguished audience in this famous institution. Sir Vithal Chandravarkar, a barrister by profession, was a towering personality in Indian public life. The University of
May 02, 1998
Monetary and Credit Policy Continuity, Context, Change and Challenges
Address by Dr.Y.V.Reddy, Deputy Governor, at Reserve Bank of India, Chennai, on May 2, 1998. Monetary and credit policy has, recently been attracting serious public attention and interest. The media, the intellectuals, the business community and in fact, people in almost all walks of life in India have been showing interest in understanding the policy and its implications and the manner in which it affects them. There is also a close observation of the stance of polic
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Address by Dr.Y.V.Reddy, Deputy Governor, at Reserve Bank of India, Chennai, on May 2, 1998. Monetary and credit policy has, recently been attracting serious public attention and interest. The media, the intellectuals, the business community and in fact, people in almost all walks of life in India have been showing interest in understanding the policy and its implications and the manner in which it affects them. There is also a close observation of the stance of polic
May 01, 1998
Asian Crisis: Asking Right Questions
Mr. Chairman and Friends, I am grateful to the organisers for giving me this opportunity to be with you and, derive the benefit of interaction, with a set of distinguished and knowledgeable people. The Asian crisis has been a matter of wide debate, and I doubt whether much new light can be shed on it. At the same time, I wonder whether many of us have been able to fully comprehend the causes, cure or consequences of the crisis. Perhaps one useful way of crystallising
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Mr. Chairman and Friends, I am grateful to the organisers for giving me this opportunity to be with you and, derive the benefit of interaction, with a set of distinguished and knowledgeable people. The Asian crisis has been a matter of wide debate, and I doubt whether much new light can be shed on it. At the same time, I wonder whether many of us have been able to fully comprehend the causes, cure or consequences of the crisis. Perhaps one useful way of crystallising
Mar 23, 1998
Inaugural address - Primary Dealers Association of India
Inaugural address by Dr. Y.V. Reddy, Deputy Governor, Reserve Bank of India at Primary dealers association of India on March 23, 1998 at Taj Mahal Hotel, Mumbai Chairman Mr.Mukherji and friends, I am happy to be here at the inaugural function of the Primary Dealers Association of India. This is a culmination of the continuous efforts made by the first set of Primary Dealers registered in 1996. I consider today's event as an important landmark in the development of Gov
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Inaugural address by Dr. Y.V. Reddy, Deputy Governor, Reserve Bank of India at Primary dealers association of India on March 23, 1998 at Taj Mahal Hotel, Mumbai Chairman Mr.Mukherji and friends, I am happy to be here at the inaugural function of the Primary Dealers Association of India. This is a culmination of the continuous efforts made by the first set of Primary Dealers registered in 1996. I consider today's event as an important landmark in the development of Gov
Mar 21, 1998
High Banking Transaction Costs are a `Deadweight Loss': RBI Governor
Dr. Bimal Jalan, Governor, Reserve Bank of India addressed the participants of a Symposium on Transformation of Indian Banking and Financial System in 50 Years of India's Independence. The two-day Symposium was organised by the Bankers Training College of the Reserve Bank of India in Mumbai on March 20-21 to celebrate the 50th year of India's Independence. The Symposium was attended by senior officers from banks, financial institutions and the Reserve Bank of India. A
Dr. Bimal Jalan, Governor, Reserve Bank of India
Dr. Bimal Jalan, Governor, Reserve Bank of India addressed the participants of a Symposium on Transformation of Indian Banking and Financial System in 50 Years of India's Independence. The two-day Symposium was organised by the Bankers Training College of the Reserve Bank of India in Mumbai on March 20-21 to celebrate the 50th year of India's Independence. The Symposium was attended by senior officers from banks, financial institutions and the Reserve Bank of India. A
Mar 17, 1998
Seminar on Regulatory Framework for Non-Banking Financial Companies Key Note
Seminar on Regulatory framework for Non-Banking Financial Companies Key Note Address by Shri S. P. Talwar, Deputy Governor, Reserve Bank of India Central Office Mumbai 17th March, 1998 Distinguished delegates, guests, ladies and gentlemen, I extend a hearty welcome to you all to this Seminar which is taking place at a time when the NBFC sector is passing through a critical time and the process of its consolidation has just set in. With a view to effectively disseminat
Shri S. P. Talwar, Deputy Governor, Reserve Bank of India
Seminar on Regulatory framework for Non-Banking Financial Companies Key Note Address by Shri S. P. Talwar, Deputy Governor, Reserve Bank of India Central Office Mumbai 17th March, 1998 Distinguished delegates, guests, ladies and gentlemen, I extend a hearty welcome to you all to this Seminar which is taking place at a time when the NBFC sector is passing through a critical time and the process of its consolidation has just set in. With a view to effectively disseminat
Feb 28, 1998
State Finances and RBI Initiatives
It is a great honour, and pleasure to be with you all here, on this important occasion. Do I have a choice, when the distinguished Advisory Board of Data News Features summons me? Mr. Hanumantha Rao has been collecting, collating, consolidating and marketing data on Andhra Pradesh economy for decades. He is a pioneer in recognising the importance of data dissemination and in particular data consolidation and analysis at the state level. Perhaps, this is the first comp
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
It is a great honour, and pleasure to be with you all here, on this important occasion. Do I have a choice, when the distinguished Advisory Board of Data News Features summons me? Mr. Hanumantha Rao has been collecting, collating, consolidating and marketing data on Andhra Pradesh economy for decades. He is a pioneer in recognising the importance of data dissemination and in particular data consolidation and analysis at the state level. Perhaps, this is the first comp
Feb 20, 1998
Key note address at the CII seminar on "Emerging Scenario in Foreign Currency Management
Key note address by Dr. Y V Reddy, Deputy Governor, Reserve Bank of India, at the CII seminar on `Emerging Scenario in Foreign Currency Management' on February 20, 1998 in Mumbai. Emerging Concerns and State of Indian Economy Chairman and friends, On this occasion, I propose to address the limited issue of identifying the emerging concerns on the state of economies of emerging markets with particular reference to recent developments and place before you a factual acco
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India
Key note address by Dr. Y V Reddy, Deputy Governor, Reserve Bank of India, at the CII seminar on `Emerging Scenario in Foreign Currency Management' on February 20, 1998 in Mumbai. Emerging Concerns and State of Indian Economy Chairman and friends, On this occasion, I propose to address the limited issue of identifying the emerging concerns on the state of economies of emerging markets with particular reference to recent developments and place before you a factual acco
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