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Aug 26, 2005
Financial System Stability and Basel II -Way Forward
The initiative of the Association of Professional Bankers – Sri Lanka in organising this conference on Financial System Stability and Basel II – Way Forward is indeed commendable. Basel II is an important milestone in banking regulation and supervision and ought to be viewed as a necessary process for promoting the safety and soundness of the banking sector and thereby strengthening financial stability. What is financial stability? 2. In a situation of financial stabi
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
The initiative of the Association of Professional Bankers – Sri Lanka in organising this conference on Financial System Stability and Basel II – Way Forward is indeed commendable. Basel II is an important milestone in banking regulation and supervision and ought to be viewed as a necessary process for promoting the safety and soundness of the banking sector and thereby strengthening financial stability. What is financial stability? 2. In a situation of financial stabi
Aug 13, 2005
Recent Developments in Forex, Money and G-Sec Markets: Account and Outlook
I. Introduction It gives me immense pleasure to address this distinguished gathering of forex professionals from all over the country. Coming to these visually beautiful surroundings, it is easy to get oblivious to the fact that this state is a large contributor of ‘invisibles’ for our balance of payments. Both tourism earnings and private remittances have had a significant impact on Kerala’s economy and the state has benefited substantially as a result of liberalisat
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
I. Introduction It gives me immense pleasure to address this distinguished gathering of forex professionals from all over the country. Coming to these visually beautiful surroundings, it is easy to get oblivious to the fact that this state is a large contributor of ‘invisibles’ for our balance of payments. Both tourism earnings and private remittances have had a significant impact on Kerala’s economy and the state has benefited substantially as a result of liberalisat
Aug 06, 2005
Micro-Finance : Reserve Bank’s Approach*
Friends, I am thankful to the organisers for giving me this opportunity to be amidst this distinguished gathering. Since Dr. Bimal Jalan, a Member of Parliament and my distinguished predecessor, is chairing the session, let me start with his role in the subject of my special address today. The earliest reference to micro-credit in a formal statement of monetary and credit policy of Reserve Bank of India (RBI) was in Dr. Bimal Jalan’s Monetary and Credit Policy Stateme
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Friends, I am thankful to the organisers for giving me this opportunity to be amidst this distinguished gathering. Since Dr. Bimal Jalan, a Member of Parliament and my distinguished predecessor, is chairing the session, let me start with his role in the subject of my special address today. The earliest reference to micro-credit in a formal statement of monetary and credit policy of Reserve Bank of India (RBI) was in Dr. Bimal Jalan’s Monetary and Credit Policy Stateme
Jul 09, 2005
Regulation and Risk Management: Implementing Basel II
It is indeed an honour to be amongst you on the occasion of the Platinum Jubilee Celebrations of The South Indian Bank Ltd. Today we remember the founders and pay homage to their vision and drive that led to the establishment of this bank. It is not only a day to feel proud, it is a day to reflect, a day to share, and a day to celebrate. It is also an opportunity to re-emphasise what the institution stands for, which not only helps in projecting its corporate culture
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It is indeed an honour to be amongst you on the occasion of the Platinum Jubilee Celebrations of The South Indian Bank Ltd. Today we remember the founders and pay homage to their vision and drive that led to the establishment of this bank. It is not only a day to feel proud, it is a day to reflect, a day to share, and a day to celebrate. It is also an opportunity to re-emphasise what the institution stands for, which not only helps in projecting its corporate culture
Jun 23, 2005
Overcoming Challenges in a Globalising Economy : Managing India’s External Sector
Dear Friends, I am thankful to the Foreign Policy Centre for giving me this opportunity to be with you this evening and share India’s experience in regard to managing its progressive integration with the world economy. I would like to confine myself to the issues relating to the external sector. Perhaps one of the most successful aspects of India’s structural reforms is the strength and dynamism in the external sector. The memories of June 1991, when the foreign excha
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Dear Friends, I am thankful to the Foreign Policy Centre for giving me this opportunity to be with you this evening and share India’s experience in regard to managing its progressive integration with the world economy. I would like to confine myself to the issues relating to the external sector. Perhaps one of the most successful aspects of India’s structural reforms is the strength and dynamism in the external sector. The memories of June 1991, when the foreign excha
Jun 22, 2005
Challenges In Banking Security
Fellow Participants and Colleagues, It gives me great pleasure to be in your midst, as we commence this workshop on Banking Security. I am particularly happy to be here to address a group of involved persons who are the harbingers of change – so to say – in the use of technology in Banking. Banking as a business involves the management of risks. While much has been said about the financial risks, the risks arising out of the large scale implementation of technology is
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
Fellow Participants and Colleagues, It gives me great pleasure to be in your midst, as we commence this workshop on Banking Security. I am particularly happy to be here to address a group of involved persons who are the harbingers of change – so to say – in the use of technology in Banking. Banking as a business involves the management of risks. While much has been said about the financial risks, the risks arising out of the large scale implementation of technology is
Jun 10, 2005
Value-based Professionals: The Need of the Hour*
It gives me great pleasure to be in your midst today. The Institute of Company Secretaries of India (ICSI) has been a critical player in the Indian endeavour to develop professionals to protect the interests of the stake holders, to ensure corporate governance and contribute to public good – a topic which is intrinsically linked to the theme of today, viz. value based professionals and the broader theme of corporate governance. These are difficult issues and given tod
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be in your midst today. The Institute of Company Secretaries of India (ICSI) has been a critical player in the Indian endeavour to develop professionals to protect the interests of the stake holders, to ensure corporate governance and contribute to public good – a topic which is intrinsically linked to the theme of today, viz. value based professionals and the broader theme of corporate governance. These are difficult issues and given tod
Jun 09, 2005
Banking with Technology – The Road Ahead
Ladies and Gentlemen, I deem it a privilege to be present at this conclave being conducted by the Indian Banks’ Association, on an appropriate topic at an appropriate time and to an appropriate audience who would be the catalysts of change as banking in India is poised for greater leaps in the near future. I am sure that bankers in India are feeling the positive impact of the technological revolution in the way banking is being transformed. Banks need to be ready to t
Shri V. Leeladhar, Deputy Governor, Reserve Bank of India
Ladies and Gentlemen, I deem it a privilege to be present at this conclave being conducted by the Indian Banks’ Association, on an appropriate topic at an appropriate time and to an appropriate audience who would be the catalysts of change as banking in India is poised for greater leaps in the near future. I am sure that bankers in India are feeling the positive impact of the technological revolution in the way banking is being transformed. Banks need to be ready to t
Jun 07, 2005
Globalisation of Monetary Policy and Indian Experience *
Mr. White, Mr. Turner, distinguished central bankers and friends, I welcome you all to Mumbai and the Reserve Bank of India (RBI) to this Eighth Meeting of the BIS Working Party on Monetary Policy in Asia. It is an honour for us to host this prestigious event for the central bankers. I would like to thank the BIS for extending this opportunity to the RBI. Perhaps I should share with you some background on the RBI. It is one of the oldest central banks in the developin
Dr. Y. V. Reddy, Governor, Reserve Bank of India
Mr. White, Mr. Turner, distinguished central bankers and friends, I welcome you all to Mumbai and the Reserve Bank of India (RBI) to this Eighth Meeting of the BIS Working Party on Monetary Policy in Asia. It is an honour for us to host this prestigious event for the central bankers. I would like to thank the BIS for extending this opportunity to the RBI. Perhaps I should share with you some background on the RBI. It is one of the oldest central banks in the developin
Jun 07, 2005
A BIT of Tomorrow
The topic for today’s conclave is 'Technology Solutions for Business Transformation' and I have chosen to speak on 'A BIT (Banking and Information Technology) of Tomorrow'. I do not consider myself as being even computer savvy. But one does not have to be an IT professional to think of how IT can bring about business transformation. For this, all that the banker needs is to have vision, conviction and the courage to change. It is for the IT professional to make it pos
Smt. K.J. Udeshi, Deputy Governor, Reserve Bank of India
The topic for today’s conclave is 'Technology Solutions for Business Transformation' and I have chosen to speak on 'A BIT (Banking and Information Technology) of Tomorrow'. I do not consider myself as being even computer savvy. But one does not have to be an IT professional to think of how IT can bring about business transformation. For this, all that the banker needs is to have vision, conviction and the courage to change. It is for the IT professional to make it pos

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