India
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.
Udeshi on Issues in bank regulation & supervision
In the speech 'Issues in bank regulation and supervision' given on 16 September Smt. K J Udeshi of the RBI said the rationale for financial regulation lies in the economic costs imposed on the society by financial market failure.
Reports name V Leeladhar as new RBI dep governor
The appointment of V Leeladhar has been cleared as deputy governor at the Reserve Bank of India (RBI) according to a report by The Economic Times this week.
RBI may revise inflation target
The Reserve Bank of India, which is closely monitoring inflation, now at 8.33 per cent, may revise its annual target of 5-5.5 per cent in the busy season credit policy next month, according to RBI deputy governor Rakesh Mohan.
RBI's Udeshi on bank supervision- challenges ahead
In a speech on 'Bank Supervision - Challenges Ahead' given on 28 August, Smt. K.J. Udeshi of the Reserve Bank of India said in view of the relevance of improved risk management systems under the changing circumstances and the larger emphasis placed on…
Is India meddling with central bank's autonomy?
India's Trade minister has recently said "We don't want interest rates to harden". This article questions the effect of such "official" comments on the RBI's autonomy and says there's now the risk of monetary policy becoming a political football in India.
India moves to reform government securities market
The Reserve Bank of India may soon lose its position as exclusive banker to the Government of India, reports Business Standard. If the Government Securities Act, which will replace the 1944 Public Debt Act, is passed by parliament, other banks will be…
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 launches new trading system
The Reserve Bank of India (RBI) is set to launch electronic anonymous screen-based trading in government securities on the Negotiated Dealing System (NDS).
Reddy says RBI caught unawares on inflation
The Reserve Bank of India governor YV Reddy admitted that the July inflation rate, which touched a three-year high of 7.51% in end-July, was higher than what the monetary policy in May '04 had visualised.
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…
India introduces mobile ATM
The State Bank of India on Saturday 11 July rolled out its first mobile ATM to improve accessibility to customers in remote areas and tourist locations in the country.
Leeladhar, Gopinath tipped as RBI dep governors
Union Bank of India chairman V Leeladhar and Reserve Bank of India (RBI) executive director Shyamala Gopinath are set to take charge as future deputy governors of the RBI, The Economic Times reported this week.
RBI's Mohan says rates unlikely to change
the RBI's deputy governor, Rakesh Mohan, said on Thursday 8 July that he saw no change in the country's official interest rate policy following the new government's federal budget, presented earlier in the day.
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…
RBI's Reddy on capital account liberalisation
In the speech 'Remarks on capital account liberalisation and capital controls' given at the Central Bank Governors Symposium convened by the Bank of England on 25 June Dr YV Reddy of the Reserve Bank of India said caution is needed in moving forward with…
RBI's Udeshi on the role of central bankers
In a speech on the 'Role of Central Bankers in Emerging Economy like India' given on 19 March, Kishori Udeshi of the RBI said the life of a central banker is one of anonymity, staid and boring. It is only in moments when the going is tough that central…
Former RBI governor to lead India
Manmohan Singh, a former governor of the Reserve Bank of India, is set to become India's next prime minister after Sonia Gandhi's decision to turn down the job. Mr Singh was in charge of the RBI from September 82 to January 85.