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Speeches
જૂન 29, 2009
Sub-national Fiscal Reforms and Debt Management - Indian Experience
It gives me great pleasure to be here amongst you and address the World Bank Sub-national Fiscal Reform and Debt Management Forum. There is more than one reason on my part to accept this invitation, but more importantly, to share with you the turnaround story at the sub-national level in India. The relevance of fiscal reforms and creation of fiscal space even at the sub-national level can hardly be over-emphasised in the context of the on-going slowdown the world over
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
It gives me great pleasure to be here amongst you and address the World Bank Sub-national Fiscal Reform and Debt Management Forum. There is more than one reason on my part to accept this invitation, but more importantly, to share with you the turnaround story at the sub-national level in India. The relevance of fiscal reforms and creation of fiscal space even at the sub-national level can hardly be over-emphasised in the context of the on-going slowdown the world over
જૂન 15, 2009
Addressing the Regulatory Perimeter Issues – Indian Experience
1. The regulatory perimeter or boundary issue has been engaging the attention of policy makers internationally for quite some time but it was not a central issue associated with the current crisis. Paradoxically the origins as well the severity of impact of the crisis were concentrated in the most heavily regulated institutions. However, in my view, the real issue lay in not recognizing and addressing the dynamic inter-connectedness between entities across regulated,
Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India
1. The regulatory perimeter or boundary issue has been engaging the attention of policy makers internationally for quite some time but it was not a central issue associated with the current crisis. Paradoxically the origins as well the severity of impact of the crisis were concentrated in the most heavily regulated institutions. However, in my view, the real issue lay in not recognizing and addressing the dynamic inter-connectedness between entities across regulated,
જૂન 10, 2009
Emerging Contours of Financial Regulation : Challenges and Dynamics
The world is currently in the midst of the most severe financial and economic crisis since the Great Depression. Although the crisis originated in the sub-prime mortgage market in the United States, it then spread to Europe and later to the rest of the world. The speed of the contagion that spread across the world is perhaps unprecedented. What started off as a relatively limited crisis in the US housing mortgage sector turned successively into a widespread banking cr
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
The world is currently in the midst of the most severe financial and economic crisis since the Great Depression. Although the crisis originated in the sub-prime mortgage market in the United States, it then spread to Europe and later to the rest of the world. The speed of the contagion that spread across the world is perhaps unprecedented. What started off as a relatively limited crisis in the US housing mortgage sector turned successively into a widespread banking cr
મે 22, 2009
Risk Management in the Midst of the Global Financial Crisis
Thank you for inviting me to be the keynote speaker at this Financial Management Summit. The global economy is passing through its deepest financial and economic crisis of our time. Protecting the Indian economy from the worst impact of the crisis has been a big challenge for the government and the Reserve Bank. Equally, I am conscious of the fact that industry, business and investors gathered here today have had to make very challenging adjustments in these difficult
Dr. D. Subbarao, Governor, Reserve Bank of India
Thank you for inviting me to be the keynote speaker at this Financial Management Summit. The global economy is passing through its deepest financial and economic crisis of our time. Protecting the Indian economy from the worst impact of the crisis has been a big challenge for the government and the Reserve Bank. Equally, I am conscious of the fact that industry, business and investors gathered here today have had to make very challenging adjustments in these difficult
મે 18, 2009
Information Technology and Banking – A Continuing Agenda
I am delighted to be here today to celebrate outstanding Information Technology achievements in the Indian banking sector. We are all well aware of the significant contributions that Indian IT professionals have made in the world arena. In fact, when the phrase “Indian talent” is used, it is often meant as a synonym for IT excellence. IT in the Indian Financial Sector – the Beginnings 2. The use of technology in expanding banking has been a key focus area of the Reser
Dr. D. Subbarao, Governor, Reserve Bank of India
I am delighted to be here today to celebrate outstanding Information Technology achievements in the Indian banking sector. We are all well aware of the significant contributions that Indian IT professionals have made in the world arena. In fact, when the phrase “Indian talent” is used, it is often meant as a synonym for IT excellence. IT in the Indian Financial Sector – the Beginnings 2. The use of technology in expanding banking has been a key focus area of the Reser
એપ્રિલ 25, 2009
Statement by Mr. Duvvuri Subbarao, Alternate Governor
Mr. Chairman, 1. The IMFC meets today in extraordinarily complex and challenging times. The financial crisis became full-blown in the second half of 2008, and has morphed through negative feedback to real activity, plunging the global economy into the deepest recession since World War II. What started off as a sub-prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, global financial crisis and now a global economic crisi
Dr. D. Subbarao, Governor, Reserve Bank of India
Mr. Chairman, 1. The IMFC meets today in extraordinarily complex and challenging times. The financial crisis became full-blown in the second half of 2008, and has morphed through negative feedback to real activity, plunging the global economy into the deepest recession since World War II. What started off as a sub-prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, global financial crisis and now a global economic crisi
એપ્રિલ 23, 2009
Global Financial Crisis : Causes, Impact, Policy Responses and Lessons
Global Financial Crisis : Causes, Consequences and India’s Prospects By Rakesh Mohan, Deputy Governor, Reserve Bank of India at London Business School on April 23, 2009 The intensification of the global financial crisis, following the bankruptcy of Lehman Brothers in September 2008, has made the current economic and financial environment a very difficult time for the world economy, the global financial system and for central banks. The fall out of the current global f
Dr. Rakesh Mohan, Deputy Governor, Reserve Bank of India
Global Financial Crisis : Causes, Consequences and India’s Prospects By Rakesh Mohan, Deputy Governor, Reserve Bank of India at London Business School on April 23, 2009 The intensification of the global financial crisis, following the bankruptcy of Lehman Brothers in September 2008, has made the current economic and financial environment a very difficult time for the world economy, the global financial system and for central banks. The fall out of the current global f
એપ્રિલ 21, 2009
V K Sharma: Issues in Capital account Convertibility and Lessons from the Current Financial Crisis
Mr. Jean Leviol, Minister Counsellor for Economic Affairs, Embassy of France, New Delhi, Mr. Gerard Beduneau, Director, IBFI, Banque de France, Mrs. Isabelle Vaillant, Deputy Director, International and Economic Relations, Banque de France, Mr. Sanjaya Panth, Senior Resident Representative, IMF, New Delhi, Mr. Sandip Ghose, Principal, College of Agricultural Banking, Dr. R. K. Pattnaik, Advisor, Reserve Bank of India and Dear Friends, I welcome you all to the RBI-BdF
Shri V.K. Sharma, Executive Director, Reserve Bank of India
Mr. Jean Leviol, Minister Counsellor for Economic Affairs, Embassy of France, New Delhi, Mr. Gerard Beduneau, Director, IBFI, Banque de France, Mrs. Isabelle Vaillant, Deputy Director, International and Economic Relations, Banque de France, Mr. Sanjaya Panth, Senior Resident Representative, IMF, New Delhi, Mr. Sandip Ghose, Principal, College of Agricultural Banking, Dr. R. K. Pattnaik, Advisor, Reserve Bank of India and Dear Friends, I welcome you all to the RBI-BdF
એપ્રિલ 02, 2009
Platinum Jubilee Celebrations - Governor’s Address to Staff
Dear Colleagues, As the Reserve Bank of India enters its 75th year, today marks a momentous milestone in the history of this great institution. I am indeed delighted and privileged to be speaking to all of you, members of the RBI family, on this historic occasion. 2. Marking the 75th birthday is a time for joy and celebration. It is also an occasion for introspection - an occasion to reflect on the evolution of the Reserve Bank, to look back on the road we traversed,
Dr. D. Subbarao, Governor, Reserve Bank of India
Dear Colleagues, As the Reserve Bank of India enters its 75th year, today marks a momentous milestone in the history of this great institution. I am indeed delighted and privileged to be speaking to all of you, members of the RBI family, on this historic occasion. 2. Marking the 75th birthday is a time for joy and celebration. It is also an occasion for introspection - an occasion to reflect on the evolution of the Reserve Bank, to look back on the road we traversed,
માર્ચ 26, 2009
India - Managing the Impact of the Global Financial Crisis
Introduction 1. Less than a year ago, much of what has happened in the Indian economy since last October would have been hard to anticipate. I recall, around this time last year, the most frequently asked questions (FAQs) were, what are the factors that put India on a high growth trajectory and what can we do to remain there? Today, the FAQ is, when and how do we get back on to the high growth trajectory? The sharp turn around in the FAQs summarizes in a nutshell the
Dr. D. Subbarao, Governor, Reserve Bank of India
Introduction 1. Less than a year ago, much of what has happened in the Indian economy since last October would have been hard to anticipate. I recall, around this time last year, the most frequently asked questions (FAQs) were, what are the factors that put India on a high growth trajectory and what can we do to remain there? Today, the FAQ is, when and how do we get back on to the high growth trajectory? The sharp turn around in the FAQs summarizes in a nutshell the
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