Yaga Venugopal Reddy
RBI's Reddy on banking and financial sector reform
In the speech 'Banking and financial sector reforms - status and prospects' given on 6 October YV Reddy of the RBI said reflecting on future prospects in banking, immediate focus has to be on the cleaning up of the remnants of undercapitalised banks,…
RBI's Reddy on globalisation, money and finance
In the speech 'Globalisation, money and finance - uncertainties and dilemmas' given on 28 September YV Reddy of the Reserve Bank of India said international financial markets are currently dominated by private equity funds like hedge funds, which are…
RBI's Reddy on foreign exchange reserves
In the speech 'Foreign exchange reserves: New realities and options' given on 19 September Y.V. Reddy of the Reserve Bank of India said emerging market economies were always wary that capital flows could slow down, and foreign exchange reserves were…
Guru with the keys to the kingdom
In a recent interview with The Banker magazine, Dr YV Reddy, governor of the Reserve Bank of India, says he is "not necessarily looking for a dramatic shift" in the "dynamic mix" that currently makes up the banking sector in India.
Reddy on banks and service to the common person
In the speech 'Banks and service to the common person' given on 1 July Y V Reddy of the Reserve Bank of India said the Reserve Bank has taken several regulatory initiatives including issuance of guidelines to banks on various customer-related issues.
Comment: RBI sounds warning call
The Reserve Bank of India (RBI) raised interest rates by 25 basis points on 25 July. The central bank warned that the higher oil prices were having a "permanent" effect. Rapid credit growth and rising risk-premia were also top of the list of concerns…
Fed's 17th increase leaves India with no choice
According to this article published Monday 3 July by Bloomberg, the Reserve Bank of India cannot afford to skip another quarter-point increase in July, with the Federal Reserve boosting rates last week.
RBI's Reddy says monetary policy 'in sync'
Reserve Bank of India governor Y. V. Reddy said on Saturday 10 June that the recent increase in overnight interest rates was necessary so that India was not "out of sync" with the monetary developments in the world.
RBI's Reddy on global imbalances
In the speech 'Global imbalances - An Indian perspective' given on 11 May Dr.Y.V.Reddy of the Reserve Bank of India said any large adjustments in major currencies and global interest rates would have a significant impact on the economy.
India's central bank is prudent, not miserly
According to this article published on Thursday 30 March, Reserve Bank of India governor Y.V. Reddy is perfectly capable of communicating to the market what he may or may not do, without the intervention of the finance minister.
RBI's Reddy on financial sector reform
In the speech 'Financial sector reform and financial stability' given on 10 March YV Reddy of the Reserve Bank of India ruled out speeding up the pace of external financial sector liberalisation.
RBI third quarter review
On January 24 Reserve Bank of India governor, Dr Y Venugopal Reddy, presented the central bank's third quarter review of annual monetary policy for the year 2005-06.
RBI's Reddy on the role of accountants
In the speech 'Role of accountants in fostering economic growth' given on 19 January Dr YV Reddy of the Reserve Bank of India said the relationship between the RBI and the Institute of Chartered Accountants of India has been mutually reinforcing, where…
RBI's Reddy on central bank communications
In the speech 'Central bank communications: Some random thoughts' given on 23 January YV Reddy of the Reserve Bank of India said increased responsibility of maintaining financial stability and adopting inflation targeting has resulted in India adopting a…
India following 'passive policy' on gold
Reserve Bank of India governor, Yaga Venugopal Reddy, said on Tuesday 6 December that the federal government and the Reserve Bank of India (RBI) have been following a "passive policy" on its gold holdings.
Interview with RBI governor YV Reddy
In an interview published on Wednesday 26 October, Reserve Bank of India governor Yaga Venugopal Reddy said baby steps are the fashion of the day. Nowadays, in monetary policy, no one takes big steps.
RBI's Reddy sees demand pressure build up
Reserve Bank of India governor Yaga Venugopal Reddy said on Wednesday 26 October that price pressures were building up in the country which is expected to grow 7.0-7.5 percent by March 2006.
India's Reddy on monetary co-operation in Asia
In the speech 'Monetary co-operation in Asia' given on 3 September, YV Reddy of the RBI said the RBI is planning a new six-country trade-weighted real effective exchange rate (REER) index for the rupee which would include China's yuan and the Hong Kong…
Reddy on micro-finance: RBI's approach
In the speech 'Micro-Finance: Reserve Bank's approach' given on 6 August YV Reddy of the RBI said that we, in India, have to focus on extending financial services in both rural and urban areas for ensuring financial inclusion of all segments of the…
RBI's Reddy says oil prices need careful response
Reserve Bank of India Governor Y.V. Reddy said on Wednesday 10 August that the central bank would carefully respond to volatile oil prices as it impacts inflation and the exchange rate.
RBI technical committee holds first meeting
The first meeting of the Technical Advisory Committee on Monetary Policy was held on Tuesday 19 July at the Reserve Bank of India, Central Office, Mumbai.
RBI: Global uncertainities higher than estimates
Y V Reddy, Governor of Reserve Bank of India, said on Thursday 14 July that global economic uncertainities had surpassed earlier estimates, but maintained that the central bank would stick to the "basic projections" until the review of monetary policy.
RBI's Reddy on challenges in a globalising economy
In a speech on 'Overcoming challenges in a globalising economy : Managing India's external sector' given on 23 June Y.V. Reddy of the Reserve Bank of India said the bank is unlikely to yield to pressures for significantly accelerating the pace of…
RBI's Reddy says trade gap manageable
Reserve Bank of India governor YV Reddy said on Thursday 23 June that the widening trade deficit is sustainable because it is underpinned by buoyant export of services and remittances from overseas migrant workers.