Banker to Banks

Financial Sector Reform: Review and ProspectsI 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 India’s 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

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

Mr. Chairman and friends,I am grateful to the Andhra Chamber of Commerce for inviting me to deliver the Fifth J.V.Somayajulu Memorial Endowment Lecture. I consider it a great privilege and an honour, since luminaries like the Honourable Shri.R.Venkatraman, Shri.C.Subramaniam, Shri.N.Rangachary and Dr.Abid Hussain have delivered the earlier lectures. Mr.Somayajulu was a rare combination of being both a theoretician and a practitioner in the field of economics. He devot

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 today’s talk, viz., "RBI and Banking Sector Reform". Financi

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

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

Inaugural AddressByBIMAL JALANGovernor, Reserve Bank of India At the Bank Economists Conference (BECON’98) Held at Bangalore On 16-12-1998 Towards A More Vibrant Banking SystemBimal Jalan IntroductionI am happy to join this special gathering of bankers and deliver the inaugural address to the conference of bank economists . This year's meeting of bank economists is particularly important as it is being held against the background of one of the worst meltdowns of finan

Bank Economists' Conference – 1998 (Presentation by S.P.Talwar, Deputy Governor, Reserve Bank of India) It is indeed a great pleasure and honour for me, as a Central banker, to be in the midst of practising bankers and economists today. 2. Traditionally, the underlying theme of discussions of any meetings of economists used to centre around core economic or monetary policy issues. However, in the context of the South East Asian financial crisis, the importance of an e

Mr. Chairman and friends, I would like to thank the organisers and in particular, Chairman, Shri T. R. Sridharan, for inviting me to deliver the valedictory address at the Bank Economists’ Conference `98. I enjoyed reading the excellent papers circulated for the Conference. I found them well researched, thought provoking, analytical, and wide ranging with operational relevance. I also read the keynote speeches and heard rapporteur’s reports. It is clear that the speec

Participants from RBI: Dr. Raghuram G. Rajan – Governor Shri H.R.KHAN – Deputy Governor Dr. Urjit R. Patel – Deputy Governor Shri R. Gandhi – Deputy Governor Shri S.S. Mundra – Deputy Governor Moderator: Ms. Alpana Killawala – Principal Chief General Manager Moderator: Ladies and Gentlemen, good day and welcome to the Reserve Bank of India Conference Call on First Bi-Monthly Monetary Policy 2015-16. As a reminder, all participant lines will be in the listen-only mode.