India
Interview with RBI's Reddy
In an interview published this week Reserve Bank of India governor Yaga Venugopal Reddy said there are continued uncertainties and fuel prices would be one of the topics for discussion at the RBI's next policy meeting in late July.
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.
RBI to introduce cheque truncation system
The Reserve Bank of India (RBI) is in the process of introducing a national cheque truncation system (NCTS) under a new entity to speed up the retail payment system in the banking sector.
Interview with RBI's Reddy
In an interview published on Wednesday 18 May Reserve Bank of India Governor Yaga Venugopal Reddy said any revaluation of the Chinese yuan will have less of an impact on India than other Asian countries.
RBI plans risk management panel
The Reserve Bank of India (RBI) said it is looking at setting up a separate committee to study and strengthen the operational risk management of banks, as part of the overall implementation of the Basel-II norms.
Asian central banks set to gather for ACU meeting
Heads and representatives of central banks from ten countries, including India, will visit Pakistan later this month to attend an annual meeting of the Asian Clearing Union, an official of the State Bank of Pakistan said on Tuesday 3 May.
History explains Indian comfort with reserve surge
This article says the trauma of the 1991 crisis, triggered by the drying up of capital flows and withdrawals by non-resident Indians, goes along way to explain why India is comfortable increasing its stockpile of reserves. "There's no faith in the…
IMF's Rato on prospering in a globalized economy
In a speech on 'Prospering in a globalized economy' given on 17 March, Rodrigo Rato of the International Monetary Fund said India is now, more than ever, a focus for international investors, who are eager to take part in a new India.
RBI constitutes payment systems Board
The Reserve Bank of India said on Thursday 10 March that it has constituted a Board for Regulation and Supervision of Payment and Settlement Systems (BPSS) as a Committee of its Central Board.
India discussing foreign reserve diversification
Reserve Bank of India governor Yaga Venugopal Reddy told reporters on Friday that diversification of the central bank's reserves was being discussed.
RBI plans to restructure divisions
According to a report on Thursday 10 March the Reserve Bank of India is restructuring itself in order to streamline operations. Banking sources were quoted as saying the RBI is in the process of moving divisions into separate units.
Interview with ex-RBI chief Bimal Jalan
In an interview published this week, former governor of the Reserve Bank of India Bimal Jalan said interest rates will be soft as the inflation situation is okay and the foreign exchange reserve position is also comfortable.
India's foreign exchange reserves cross $130bn
India's foreign exchange reserves climbed to $132.96 billion in the week ended Feb 18 on large-scale overseas fund inflows into the domestic market, the Reserve Bank of India said on Saturday 26 February.
Interview with RBI's deputy governor Udeshi
In a recent interview deputy governor Kishori Udeshi of the Reserve Bank of India said that India's banks are beginning to move towards international banking practices by working to implement Basel II guidelines.
RBI's Reddy on monetary policy: An outline
In the speech 'Monetary policy: An outline' given on 12 February YV Reddy of the Reserve Bank of India said the conduct of monetary policy is complex. It has not only to be forward looking but also to grapple with an uncertain future.
RBI's Udeshi on the pursuit of financial stability
In a speech on 'The pursuit of financial stability' given on 10 February, Smt. KJ Udeshi of the Reserve Bank of India said India's banking regulator will continue to focus greatly on financial stability, considering that the country is more vulnerable to…
RBI's Reddy concerned over capital inflows
Reserve Bank of India (RBI) governor YV Reddy has voiced his concern over managing large inflows of foreign capital.
BoE's King on the International Monetary System
In a speech on 'The International Monetary System' given on 4 February, Mervyn King of the Bank of England urged members of the Group of Seven industrial nations to agree "on the nature of the risk" and collaborate with China and India to rebalance…
RBI's Reddy says tsunami will impact on deficit
Speaking on Thursday 6 January, Reserve Bank of India Governor YV Reddy said that while the recent tsunami would only have a limited economic impact, it would put some upward pressure on the fiscal deficit.
President of India inaugurates RBI Monetary Museum
The President of India, Dr. A.P.J. Abdul Kalam, inaugurated the Reserve Bank of India's Monetary Museum on Thursday 18 November.
RBI names Gopinath as key department head
Shyamala Gopinath, a deputy governor in the Reserve Bank of India, took charge of the key departments of monetary policy and internal debt management this week following Rakesh Mohan's move to Economic Affairs secretary in the government.
Interview with Dr YV Reddy, Governor of the RBI
This interview was given to Emerging Markets on the occasion of the magazine presenting Dr YV Reddy of the Reserve Bank of India the Best Central Bank Governor of the year award. Issues considered for such nominations include "strong track record,…
RBI spells out centralised cheque clearing system
The Reserve Bank of India (RBI) has detailed plans to set up a centralised clearing house system to provide an interface for image based inter-bank cheque truncation between presenting and drawee banks.
RBI chief Reddy sees oil price as concern
The Reserve Bank of India Governor YV Reddy said on Thursday 7 October that the sharp rise in global oil prices was a matter of concern but India was well equipped to handle the situation due to sufficient forex reserves.