Yaga Venugopal Reddy

Interview: Y.V. Reddy

The governor of India’s central bank explains his watchful approach to economic development and reveals how a financial crisis was averted after May’s general election. Interview by Nick Carver.

RBI's Reddy on India and the global economy

In a speech on 'India and the global economy' given on 17 June, YV Reddy of the Reserve Bank of India said the presence of foreign banks in India has benefited the financial system by enhancing competition, resulting in higher efficiency. There has also…

Reddy on financial stability: Indian experience

In a speech on 'Financial stability: Indian experience' given on 27 June, Dr YV Reddy of the Reserve Bank of India said in the context of ongoing reforms in the financial sector in India, the regulatory regime has also undergone certain fundamental…

YV Reddy appointed RBI Governor for five-year term

Official confirmation came on Friday 18 July that Dr Y. Venugopal Reddy will take over as governor of the Reserve Bank of India for a five-year term. Business Line reports that the present governor, Dr Bimal Jalan, is expected to move into politics.

Get ready for Reddy

The coast appears clear for Dr Yaga Venugopal Reddy, deputy governor of the Reserve Bank of India until last year, to assume his well-deserved place as governor. Current governor Bimal Jalan is set to abandon the central bank in August, well before the…

Reddy for the top?

Incidentally, there is a rumour going around that the RBI governor himself, Bimal Jalan, is considering quitting in order to become a member of India's parliament (he first became governor in 1997 after a career largely in the finance ministry and was re…

Bureaucrats compete to replace RBI dep governor

INDIA - There is stiff competition to take the place of the outgoing deputy governor of the Reserve Bank of India (RBI), Dr Y. V. Reddy. According to the finance ministry, two senior bureaucrats are jockeying to control this key post which involves…

India's RBI discusses gold exchange

INDIA - Reserve Bank of India's Deputy Governor Y V Reddy has proposed setting up an exchange for trading in gold as part of the efforts to develop the precious metal's market in the country and integrate it with the financial market.

RBI to review primary dealership arena

INDIA - Our Banking Bureau Mumbai After taking an in-principle decision to discontinue the satellite dealers, the Reserve Bank of India (RBI) is set to review primary dealers (PDs) in terms of their number, obligations, activities and regulation, said Y…

Speech by Dr Y.V. Reddy of Reserve Bank of India

SPEECH - In the speech Reddy says the complexities relating to the global financial system in the context of strong national interests continuing to dominate public policy viewed in the light of Indian experience warrant, more than a legal basis,…

India's central bank urges state govts to reform

India's central bank on Friday urged the country's state governments to enact speedy reforms."As a result of financial sector reform, there are more stringent overall limits to fiscal expansion, impinging on both central and state governments," Reserve…

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