Banker to Banks

I am honoured to deliver the 2nd Professor Baidyanath Mishra Lecture. Prof. Mishra is a multi-faceted personality: an economist, an educationist and an institution-builder. Above all, he is a great teacher who inspired generations of students. I thank the Orissa Economic Association for giving me this opportunity. 2. I will set out how the framework of monetary policy has evolved over the last two and half decades. First, I will touch upon the objectives of monetary p

Shri Johny Joseph, Shri Kale and friends,I am grateful to the organisers for bestowing on me the honour of delivering the prestigious Yeshwantrao Chavan Memorial Lecture 2007-08. I must compliment the Indian Institute of Public Administration (IIPA), Maharashtra Branch, for organising the Memorial Lecture. By accepting this invitation, I am also acknowledging a debt of gratitude to IIPA. I am a Life Member of IIPA. While doing research for Ph.D in 1960s, I extensively

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

Mr. Pranab Mukherjee, Hon’ble Finance Minister of India, Ambassador Richard Boucher, Deputy Secretary General, OECD, Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, Mr. V.K. Sharma, Executive Director, Reserve Bank of India, Distinguished Guests and my colleagues from the Reserve Bank First of all, I want to say that the Reserve Bank of India attaches immense value to this workshop on "Financial Literacy". The year 2009/10 marks the Platinum Jubilee of t

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

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

Mr. P R Ramesh, Chairman, Deloitte, Dr. Vikram Kuriyan, Director of the Investment Centre, Indian School of Business, Ms. Usha Thorat and Mr. V S Das, my erstwhile colleagues from Reserve Bank and other delegates. It is a pleasure for me to interact with you all, today at this Summit. 2. The theme of the Summit revolves around risk and governance, the two terms which are being looked at by policy makers with renewed interest and a fresh perspective in the aftermath of

It is my pleasure to be here this evening and to be able to share my thoughts with an exclusive gathering of bankers. Since this is an in-house meeting and we are professional colleagues, I propose to be frank and forthright. I am glad to know that the Bankers' Club in Kolkata has been recently revived and is engaged in promoting professional interaction within the banking community. 2. The global financial crisis is now the staple of front page news. Banks around the

It is a pleasure to be here in New Delhi to inaugurate this International Seminar on Principles of Financial Market Infrastructure (PFMI) and Innovations in Retail Payment Systems in the midst of the guest speakers and distinguished participants from around the world. The spring season in New Delhi is very pleasant and its beauty is all pervasive. I am sure the participants will enjoy the beauty of New Delhi and there would be a lot of takeaways from the seminar. I un

Dr. Pritam Singh, Director General, International Management Institute (IMI), participants from Reserve Bank of India and the commercial banks! It is a pleasure to be amongst you today as you complete the first leg of the learning experience which is the Advanced Management Programme. I believe that the programme is craftily designed with an appropriate blend of lectures and interactive sessions with some leading academicians, industry captains and management experts,