The paper examines how the operating performance of the Indian firms changed
after their initial public offerings. It is found that the operating performance does
not deteriorate post IPOs, if a per... Section: Working Papers
by Avdhesh Kumar Shukla | On 01 Mar 2018 This paper revisits the issue of determinants of inflation in India in a Phillips curve framework and makes two key contributions in relation to existing studies. First, in the context of the Reserve... Section: Working Papers
by Harendra Behera | On 01 Jul 2017 The study focuses on various drivers of overnight inter-bank rate spread under
the new liquidity management framework during July 2013 to December 2016.
Applying OLS with Newey-West estimator and va... Section: Working Papers
by Sunil Kumar | On 01 Apr 2017 The paper attempts to find out whether the credit risk regulatory capital of Indian banks is commensurate with the default experience associated with ratings assigned by the Indian rating agencies. Th... Section: Working Papers
by Ajay Kumar Choudhary | On 01 Apr 2017 Has the global financial crisis changed the pivotal determinants of corporate
leverage in EMEs? This paper attempts to address this issue using a panel-GMM
framework and quantile-analysis for 10 maj... Section: Working Papers
by Snehal S. Herwadkar | On 15 Mar 2017 Demonetisation announced on November 8, 2016 was aimed at addressing corruption, black money, counterfeit currency and terror financing. Although demonetisation holds huge potential benefits in the me... Section: Reports
by Reserve Bank of India RBI | On 10 Mar 2017 The analysis in this paper
suggests that demonetisation has impacted various sectors of the economy in varying
degrees; however, in the affected sectors, the adverse impact was transient and felt ma... Section: General
by Reserve Bank of India RBI | On 10 Mar 2017 This paper provides a comparative assessment of CPI and WPI in terms of its key characteristics, particularly on the method of compilation, distributional properties and measures of underlying inflat... Section: Working Papers
by Praggya Das | On 01 Mar 2017 In the Indian context, the present literature on estimation of potential output - the level of output that an economy can produce sustainably over the medium term is based on an understanding that sus... Section: Working Papers
by Deba Prasad Rath | On 22 Feb 2017 This paper analyses how non-performing loans (NPLs) of Indian banks behave
through the cycle. We find that a one-percentage point increase in loan growth is
associated with an increase in NPLs over... Section: Working Papers
by Pallavi Chavan | On 01 Dec 2016 The paper attempts to formulate a model to predict corporate financial distress of
non-government non-financial public limited companies and estimate distressed
bank debt due to the sample companies... Section: Working Papers
by Manjusha Senapathi | On 01 Dec 2016 A silent revolution is sweeping the country. That is because, the
payment systems has been evolving and changes have been
continuous over the last 35 years, it has rarely got noticed as a
revolutio... Section: Speeches
by R. Gandhi | On 22 Oct 2016 Even almost eight years since resorting to the extraordinary monetary and
fiscal measures to counter the after-effects of the Global Financial Crisis, authorities are still
left wondering about rela... Section: Speeches
by S.S. Mundra | On 22 Sep 2016 RBI is on a journey towards the goal of universal financial inclusion in India. There are challenges encountered and the way forward. [Address delivered at at the BRICS Workshop on Financial Inclusio... Section: Speeches
by S.S. Mundra | On 19 Sep 2016 Central banking does not mean just rates cuts and rate rising. There are many decisions to be taken sometimes unpopular or hard-to-explain ones, to be made under conditions of extreme uncertainty. The... Section: Speeches
by Raghuram G. Rajan | On 03 Sep 2016 The Indian banks in general, and the Public Sector Banks (PSBs) in particular, are grappling with the huge stock of stressed assets that has piled up in the system over the years. Any amount of discus... Section: Speeches
by N.S. Viswanathan | On 30 Aug 2016 According to MSME Ministry’s Annual Report for 2015-16, MSME sector in India today is
a network of 51 million enterprises providing employment to 117.1 million persons and
contributing 37.5 per cent... Section: Speeches
by S.S. Mundra | On 23 Aug 2016 There has to be evidence in the policy dialogue. Some may believe that all it takes to convince the body politic of the necessity to choose one policy over another is to present the evidence, complete... Section: Speeches
by Raghuram G. Rajan | On 26 Jul 2016 The slowdown in credit growth has been largely because of stress in the public sector banking and not because of high interest rates. As such, what is required is a clean-up of the balance sheets of p... Section: Speeches
by Raghuram G. Rajan | On 22 Jun 2016 There are efforts to control inflation. A new governor and the committee should try to bring low inflation future for India which has got many benefits. Section: Speeches
by Raghuram G. Rajan | On 20 Jun 2016 For effective communication there has to be mutual respect among the speakers. To reach our goals don't accept jobs which you don't like. To have a joyful life it is important to enjoy the work which... Section: Speeches
by Raghuram G. Rajan | On 20 Apr 2016 Empirical findings across a swathe of countries, advanced and emerging, confirm that the composition of government expenditure can have perceptible growth implications. Section: Reports
by Reserve Bank of India RBI | On 01 Apr 2016 There are few areas of robust growth around the world, with the IMF repeatedly reducing its
growth forecasts in recent quarters. This period of slow growth is particularly dangerous
because both ind... Section: Speeches
by Raghuram G. Rajan | On 12 Mar 2016 The global economy is finding it hard to restore pre-Great Recession growth rates – every report of the IMF seemingly downgrades its previous growth forecasts. Why has the recovery been so slow? When
... Section: Ramnath Goenka Memorial Lecture
by Raghuram G. Rajan | On 12 Mar 2016 Derivatives are an integral risk management tool for business entities and financial institutions. However, derivatives markets can also lead to excessive and opaque risk taking which may result in sy... Section: Discussion Papers
by Reserve Bank of India RBI | On 02 Mar 2016 Aggressive monetary policy actions by one country can lead to significant adverse cross-border spillovers on others, especially as countries contend with the zero lower bound. If countries do not inte... Section: Working Papers
by Prachi Mishra | On 01 Mar 2016 Do global spillovers clog transmission channels of monetary policy through domestic financial markets? Drawing on stylised facts and using a dynamic factor model to develop an indicator of global spil... Section: Working Papers
by Michael Debabrata Patra | On 01 Feb 2016 This paper makes an attempt to evaluate the implications of MGNREGS in labour short economy of Kerala. The analysis of NSSO unit level data revealed inter-state differences in implementation of the sc... Section: Working Papers
by V. Dhanya | On 01 Feb 2016 In emerging economies like India, banking sector is very important. But banking sector is at 'crossroads'. There are many issues which this sector is facing and research which would generate fresh i... Section: Speeches
by S.S. Mundra | On 29 Jan 2016 Industrial countries are still struggling, with a few exceptions, to grow. Our fellow BRICS all have deep problems, with confidence about China waxing and waning. India appears to be better in this l... Section: Speeches
by Raghuram G. Rajan | On 29 Jan 2016 This study presents industry-level evidence regarding the connection between
trade policy reforms and manufacturing performance. It contributes to the existing literature in several respects. The stu... Section: DRG Study Series
by Deb Kusum Das | On 29 Jan 2016 This is that time of the year when the economics fraternity is abuzz with the news of potential winners of the prestigious prize in economics, the Nobel Memorial Prize. This will be the 45th year of a... Section: Occasional Papers
by Saibal Ghosh | On 01 Jan 2016 World over, there is an awakening, post the great financial crisis of 2008, about the existence, contribution, magnitude, significance and risks of non-banking financial sector. The business model of... Section: Speeches
by R Gandhi | On 21 Dec 2015 Employing data for 1992-2012, the article examines the factors affecting the capital structure of publicly listed Indian banks from a corporate finance perspective and compares the findings by exploit... Section: Working Papers
by Goutam Chatterjee | On 01 Dec 2015 Our tradition of debate in an environment of respect and tolerance. By upholding it, by fighting for it, the students can repay their teachers and your parents. And you will be doing our country a gre... Section: Speeches
by Raghuram G. Rajan | On 31 Oct 2015 Current status of the urban co-operative banking in India, how it reached there, what recent initiatives the Reserve Bank has taken to strengthen the
sector and what is the way forward. [Speech deliv... Section: Speeches
by R. Gandhi | On 24 Oct 2015 In India, Basel III capital regulation has been implemented from April 1, 2013 in phases and it will be fully implemented as on March 31, 2019. Do we need Basel III for a country like India? What are... Section: Speeches
by N.S. Viswanathan | On 04 Sep 2015 A broad assessment of the evolution of financial markets and the issues we are grappling with are given here. We can learn right lessons from other countries. There could be different view points and... Section: Speeches
by Harun R Khan | On 25 Aug 2015 How is the RBI helping the government to create the conditions for a sustainable growth? Structural reforms will help
strengthen this growth – two weeks ago, the Government announced Indradhanush, la... Section: Speeches
by Raghuram G. Rajan | On 24 Aug 2015 Banking in India and globally is undergoing and there are many challenges that are lying ahead. The basic underlying theme that runs through this changing landscape is the ever increasing reliance on... Section: Speeches
by Harun R Khan | On 28 Jul 2015 Banks and financial institutions are easy prey to fraudsters. As long as banks and financial institutions handle huge sums of money as financial intermediaries they will always be the target of ingeni... Section: Speeches
by R. Gandhi | On 26 Jun 2015 The co-operative movement in India is more than a century old; regulation thereof is also more than a century old with the first major impetus provided by the passage of the Co-operative Society Act i... Section: Speeches
by R. Gandhi | On 19 Jun 2015 On the basis of an assessment of the current and evolving macroeconomic situation the statement suggest that the global recovery is still slow and getting increasingly differentiated across regions. Section: General
by Raghuram G. Rajan | On 02 Jun 2015 Using a theoretical framework that
combines the essence of Ramsay’s growth model and the New-Keynesian macrodynamics,
and applying the Kalman filter estimation technique, this paper finds that
Indi... Section: Working Papers
by Harendra Behera | On 01 May 2015 A determining aspect of the banker-borrower relationship is built on trust and understanding. It is also important that these relationships neither get too cosy nor do they get too strained as either... Section: Speeches
by S.S. Mundra | On 23 Mar 2015 The recent developments in the area of payment systems in India is highlighted. There are some issues and challenges that are likely to assume importance in the foreseeable future and the way forwar... Section: Speeches
by S.S. Mundra | On 22 Mar 2015 People want to live in a safe prosperous country where they enjoy freedom of thought and action, and where they can exercise their democratic rights to choose their government. But how do countries en... Section: Speeches
by Raghuram G. Rajan | On 20 Feb 2015 This study focuses on the marketable
domestic public debt of the Government of India (GoI) in terms of size, magnitude, policy and approach followed and also discusses issues and challenges on debt m... Section: Working Papers
by Lakshmanan L | On 01 Feb 2015 The speech tells us about the expectations of the regulators from the Audit Committees and highlight emerging trends in the regulatory/supervisory domain that should engage the minds of the Audit Comm... Section: Speeches
by S.S. Mundra | On 13 Jan 2015 Voters in India are often perceived as being biased in favor of parties that claim to represent their caste. The caste bias is incorporated into voter preferences and examine its in influence on the... Section: Speeches
by Avidit Acharya | On 01 Jan 2015 The liquidity framework of Basel III assumes added significance for banks in India and many banks have been approaching us to comprehend the finer points of the liquidity regulations, as also with req... Section: General
by Reserve Bank of India RBI | On 01 Jan 2015 Can corporate sustainability aid growth, create value and actions on environmental protection? The answer can be positive. But at the same time, level of development of the country, poverty etc. also... Section: Speeches
by G Padmanabhan | On 17 Oct 2014 Innovative measures needed in our banking sector which would render it more inclusive, vibrant, productive, efficient and above all, customer-centric. [ seventh Annual Banking Conference “Bank on it ,... Section: Speeches
by S.S. Mundra | On 11 Oct 2014 Food inflation in India has remained stubborn in recent years. A number of proximate
factors such as increasing demand particularly arising from higher rural wages, rising
agricultural cost of produ... Section: Working Papers
by Thangzason Sonna | On 01 Oct 2014 RBI has taken several steps to improve the processing of data. Information system will also be enhanced very soon. [Remarks at Reserve Bank of India at the 8th Statistics
Day Conference, Mumbai]. Section: Speeches
by Deepak Mohanty | On 25 Sep 2014 The present speech analyses the significant role which can be played by the financial sector in spurring growth and expanding financial inclusion in NER. [CII Banking Collagium in Kolkata]. Section: Speeches
by P. Vijaya Bhaskar | On 19 Sep 2014 A picture about the macroeconomy that is, the world economy and the domestic economy is given. The two recent regulatory measures are given here. [FICCI/IBA Annual Banking Conference]. Section: Speeches
by Raghuram G. Rajan | On 15 Sep 2014 The speech shows the investment government has done for the housing and real estate sector. There are recommendations on how the sector can be improved. Section: Speeches
by R. Gandhi | On 20 Aug 2014 One of the greatest dangers to the growth of developing countries is the middle income trap, where crony capitalism creates oligarchies that slow down growth. If the debate during the elections is any... Section: Speeches
by Raghuram G. Rajan | On 13 Aug 2014 The strategy and structure of public debt management in India is shown here. [ Keynote address delivered at 9th Annual International Conference on “Public Policy & Management: Debt Management” at Ind... Section: Speeches
by Harun R Khan | On 11 Aug 2014 The debt position of the state governments in India, which deteriorated sharply between 1997-98 and 2003-04, has witnessed significant improvement since 2004-05, reflecting the impact of both favourab... Section: Working Papers
by Atri Mukherjee | On 01 Jul 2014 The Report projects, under different scenarios, the capital requirements till March 2018 in order that provisions are prudent, there is adequate balance sheet growth to support the needs of the econom... Section: Working Papers
by Reserve Bank of India RBI | On 12 May 2014 The report narrates the recent global financial crisis demonstrated the shortcomings of the frameworks to handle the failure of large and systemically important financial institutions, also known as “... Section: Reports
by Reserve Bank of India RBI | On 18 Jan 2014 Statement by Dr. Raghuram Rajan on taking office on September 4, 2013. [RBI Press release]. Section: Speeches
by Sabeeta Badkar | On 04 Sep 2013 This Tenth Nani A. Palkhivala Memorial lecture lecture centres around the role and responsibility of a central bank in a democratic structure. Central banks make macroeconomic policy that influences t... Section: Nani A. Palkhivala Memorial Lecture
by Duvvuri Subbarao | On 29 Aug 2013 Asset quality of banks has come under increasing pressure with rising NPAs and Restructured loans. The Gross NPA ratio for the banking system, which was 2.4% in March 2011, increased to 3.6 per cent b... Section: Speeches
by Chakrabarty K C | On 14 Feb 2013 During the current year so far, inflation at the retail level in oils and fats has been higher than at the wholesale level. While this phenomenon can be attributed to a number of factors, improvement... Section: Speeches
by Harun R Khan | On 22 Sep 2012 A brief outline of the economic and financial structure of the State and the various financial inclusion initiatives taken by the Reserve Bank is highlighted. But there are some policy challenges in s... Section: Speeches
by Deepak Mohanty | On 31 Aug 2012 The economic and financial structure of Odisha is highlighted. Various financial inclusion initiatives are taken by the Reserve Bank with a particular reference to Odisha. The macroeconomic policy cha... Section: Speeches
by Deepak Mohanty | On 20 Aug 2012 The report reflects the collective assessment
of the Sub Committee of the Financial Stability and Development Council (FSDC) on potential risks to financial stability. [RBI]. URL:[http://rbidocs.rbi.... Section: Reports
by Reserve Bank of India RBI | On 01 Jun 2012 The estimation of capacity utilisation (CU) derives its significance from the fact that, if properly assessed, it may provide a reliable indication of incipient inflationary pressure in an economy. Me... Section: Working Papers
by Atri Mukherjee | On 02 May 2012 The Financial Crisis of 2007-2008 and the Great Recession of 2007-2009 are now in the past. Again there was the debt crisis of 2010-11. During the worst of the recent financial crisis/Great Recession... Section: Brahmananda Memorial Lecture
by Michael D Bordo | On 09 Apr 2012 The budgetary data for 2011-12 indicates the commitment of States to carry forward fiscal correction,
as evident from the emergence of revenue surplus after a gap of two years and consequent reductio... Section: Reports
by Reserve Bank of India RBI | On 29 Mar 2012 Statistics is used in our day to day life. Examples are there to show that statistics is misused in many. This can happen when people are information illiterate. [Address at DST-CIMS, BHU on Mar 20, 2... Section: Speeches
by Chakrabarty K C | On 20 Mar 2012 RBI Governor D. Subbarao answering to researchers after publishing the monetary policy. [RBI]. URL:[http://rbidocs.rbi.org.in/rdocs/Content/PDFs/RBIRA27012012.pdf] Section: General
by Reserve Bank of India RBI | On 25 Jan 2012 This policy review is set in the
context of a highly uncertain global
environment and a delicately poised
domestic balance between growth
and inflation. It should be read and
understood together... Section: Reports
by Duvvuri Subbarao | On 24 Jan 2012 The Growth outlook has weakened as
a result of adverse global and domestic factors
that have been mentioned above. Business
and consumer confidence has been impacted.
Professional forecasters now... Section: Reports
by Reserve Bank of India RBI | On 23 Jan 2012 This paper studies the leadlag
pattern in the interaction between credit and growth cycles of India at three
levels i.e. at the aggregate level for annual GDP growth, at the sectoral level
across a... Section: Working Papers
by Krittika Banerjee | On 30 Dec 2011 The recent global financial crisis (2007-09) has clearly highlighted the gravity of high financial inter-connectedness within the financial system. In the Indian context, this brief study attempts to... Section: Working Papers
by Karunagaran A | On 27 Dec 2011 The Reserve Bank has stepped up its efforts in recent years to enhance the penetration of the formal financial sector and promote financial inclusion with a view to improving the well-being of our soc... Section: Speeches
by Deepak Mohanty | On 22 Dec 2011 India's development challenges. The India growth story was thrown off track by the global financial crisis which engulfed virtually every country in the world. We recovered from the crisis sooner than... Section: Speeches
by Duvvuri Subbarao | On 25 Nov 2011 The trends in food
inflation over the past 60 years are given. Having thus set the context, the factors
driving structural food inflation, which should give us a perspective of the
underlying dynam... Section: Speeches
by Duvvuri Subbarao | On 22 Nov 2011 Goa is celebrating the Golden Jubilee Year of its Liberation. The recent economic achievements of the state are highlighted. The economic and financial structure of the state as well as the various fi... Section: Speeches
by Deepak Mohanty | On 31 Oct 2011 Over the last decade, the profile of central banks has gone up. First, we had the Great Moderation - a period of extraordinary benign macroeconomic environment globally, characterized by steady growth... Section: Speeches
by Duvvuri Subbarao | On 26 Sep 2011 When India purchased 200 tonnes of gold under the International Monetary
Fund's limited gold sales programme, it was interpreted inter alia that it may further
inflate the gold price when the price... Section: Working Papers
by Karunagaran A | On 14 Sep 2011 This study analyses the behaviour of monetary and fiscal policies
interaction in India using quarterly data for 2000Q2 to 2010Q1. It finds that,
even after the elimination of automatic monetisation... Section: Working Papers
by Janak Raj | On 10 Sep 2011 Certain trends in agricultural productivity, agricultural finance are outlined. Recommendations for improving agricultural productivity are given here. [Address at The National Seminar on Productivity... Section: Speeches
by Chakrabarty K C | On 02 Sep 2011 The Working Group was constituted to review the existing regulatory and supervisory framework of non-banking finance companies (NBFCs) with special focus on the risks in the sector. The approach adopt... Section: Reports
by Reserve Bank of India RBI | On 30 Aug 2011 The contribution of technology to the Indian banking industry, the role played by IDRBT and the significance of banking technology awards, in fostering the technological developments of banks. Issues... Section: Speeches
by Anand Sinha | On 04 Aug 2011 An attempt is made to identify the determinants of yield spreads between the
State and Central government securities in a panel data framework as has been used in
several cross-country studies. This... Section: Working Papers
by Dhritidyuti Bose | On 06 Jul 2011 As per UNSNA recommendations, valuables as a separate item had been introduced in the
expenditure side of GDP. Since India is one of largest importer and user of gold for various purposes,
this trea... Section: Working Papers
by Rakesh Kumar | On 03 Jul 2011 A brief description of the role of Mutual Funds in money markets and government securities makets are provided. Some of the regulatory issues that arise are discussed. The role of Mutual Funds in fina... Section: Speeches
by Subir Gokarn | On 22 Jun 2011 The Indian economy reached the trillion US dollar GDP milestone in 2007 and joined other countries of the trillion dollar club, namely, the US, UK, Japan, Germany, China, France, Italy, Spain, Canada,... Section: Speeches
by Chakrabarty K C | On 17 Jun 2011 The
importance of non-financial reporting in the overall assessment of a company's
performance, its risk-return trade off is steadily gaining ground, both globally and in
India. [Address by Dr K. C... Section: Speeches
by Chakrabarty K C | On 06 Jun 2011 Reserve Bank of India (RBI) has been using macroprudential polices, more notably the countercyclical policies, since 2004 as a toolkit for ensuring financial stability though it had used them sporadic... Section: Speeches
by Anand Sinha | On 01 Jun 2011 This Statement sets out the Reserve Bank’s assessment of the current macroeconomic situation and projections. URL:[http://rbidocs.rbi.org.in/rdocs/notification/PDFs/APS030511F.pdf]. Section: Reports
by Duvvuri Subbarao | On 03 May 2011 The paper is an attempt to deal with pros and cons of deregulating savings deposit interest rate and take on board the suggestions of various stakeholders for either maintaining the status quo or dere... Section: Discussion Papers
by Reserve Bank of India RBI | On 29 Apr 2011 There have been significant developments in the global economy since we met in the fall of 2010. The IMF too has moved on several fronts under its mandate which has strengthened its position in a chan... Section: Speeches
by Duvvuri Subbarao | On 16 Apr 2011 A very basic and core issue for the Indian banking system and that is the challenge of achieving Financial Inclusion. Without being inclusive, financial and economic stability cannot be sustainable. F... Section: Speeches
by Chakrabarty K C | On 15 Mar 2011 Maintaining low and stable inflation with sustainable growth is the prime objective of
any monetary authority. To achieve the prime goal, reliable forecast of macroeconomic
variables play an importa... Section: Occasional Papers
by Dipankar Biswas | On 24 Feb 2011 Nine preliminary lessons from the Great Recession for monetary and financial policies are presented. [3rd P. R. Brahmananda Memorial Lecture]. Section: Brahmananda Memorial Lecture
by Stanley Fischer | On 11 Feb 2011 While this growth is impressive, a number of studies both in India and abroad have questioned whether growth alone is effective in addressing poverty and what the adverse consequences of a too rapid g... Section: Reports
by Reserve Bank of India | On 30 Jan 2011 The aim of this paper is to compare the technical efficiency of Indian Banks operating
abroad and foreign banks operating in India and to investigate the effect of openness of the
country, ownership... Section: Occasional Papers
by Vivek Kumar | On 30 Jan 2011 This study investigates the relationship between saving, investment and economic growth
for India over the period 1950-51 to 2007-08. The literature on the role of saving in promoting
economic growt... Section: Occasional Papers
by Ramesh Jangili | On 30 Jan 2011 Saving is an important part of the economic process that gives rise to investment and
economic growth. In this paper an attempt is made to explore the relationship between saving
and investment in t... Section: Occasional Papers
by Sanjib Bordoloi | On 30 Jan 2011 This statement sets out the Reserve Bank’s assessment of the current
macroeconomic situation and forward projections. Section: Reports
by D Subbarao | On 25 Jan 2011 This discussion paper on the form of presence of foreign banks in
India has been prepared taking into account, inter-alia, the lessons learnt from
the recent global financial crisis and the practice... Section: Discussion Papers
by Reserve Bank of India | On 21 Jan 2011 This technical paper sets out the benefits and downsides of issuing IIBs along with explaining its structure comprising of indexation (principal or interest), inflation index lag, issuance method, met... Section: General
by Reserve Bank of India | On 09 Dec 2010 Economic stability can be seen as an essential component of any strategy for inclusive development. To the extent that central banks play a role in providing that stability, the experience of the cris... Section: Speeches
by Subir Gokarn | On 01 Dec 2010 The three issues laid out in today’s agenda are particularly relevant at this juncture
and how we answer them in the months ahead will determine how the world
regains and then sustains economic grow... Section: Speeches
by Duvvuri Subbarao | On 09 Oct 2010 The report says that the BoP, thus, includes all transactions showing: (a) transactions in goods, services and income between an economy and the rest of the world, (b) changes of ownership and other c... Section: Occasional Papers
by Reserve Bank of India RBI | On 01 Sep 2010 In India, there is a large divergence between CPI and WPI inflation trends in
the past, wide dispersion in inflation across commodity groups within WPI,
and significant volatility in headline WPI in... Section: RBI Staff Series
by Nadhanael G V | On 08 Aug 2010 It is being acknowledged that a macro prudential perspective is critical in designing and pursuing micro prudential regulation of institutions and markets. Two distinct but highly inter-related constr... Section: General
by Shyamala Gopinath | On 04 Aug 2010 The paper analysed the financial performance of foreign banks in comparison with other bank
groups in India. The study assumes importance in the context of the on-going preparation
of roadmap for th... Section: Occasional Papers
by P B Rakhe | On 22 Feb 2010 This study attempts to develop a dynamic factor model (DFM) to
forecast industrial production and price level in India. For this purpose, domestic as well as
external economic indicators, that appea... Section: Occasional Papers
by Sanjib Bordoloi | On 21 Feb 2010 A review of the various primary measures of inflation with a particular reference to the divergence between WPI and CPI. Focus is also given on different secondary (derived) measures of inflation, par... Section: Speeches
by Deepak Mohanty | On 09 Jan 2010 What is m-banking, Basic characteristics of m-commerce/e-commerce, Evolution of electronic financial services (e-banking/e-commerce/m-banking/m-commerce), Role of non-banks in Indian Payment Scenario.... Section: Speeches
by Chakrabarty K C | On 04 Dec 2009 Ills of the banking system that caused the crisis. An extensive analysis of the causes is given. A brief synopsis to provide a backdrop for the ‘boring banking’ discussion is given. [Speech at the Int... Section: Speeches
by Duvvuri Subbarao | On 25 Nov 2009 The speech covers the macro setting for GenNext banking by way of discussing the demographic composition of India’s population and the nexus between low dependency ratio and saving. It also provides... Section: Speeches
by Chakrabarty K C | On 25 Nov 2009 Evolution of the financial sector regulation in India, particularly focusing on the elements of the policy framework which have contributed to the broader stability in the financial sector is depicted... Section: Speeches
by Shyamala Gopinath | On 02 Nov 2009 The repo rate has been kept unchanged at 4.75%. The reverse repo rate left steady at 3.25%. The bank rate has been retained unchanged at 6.0%. The cash reserve ratio (CRR) of scheduled banks has been... Section: Reports
by D Subbarao | On 27 Oct 2009 Recollect and recount lessons from crises. The key lessons are how to anticipate and take pre-emptive action and equally important, once you are in the middle of it, how to respond effectively namely,... Section: Speeches
by Usha Thorat | On 12 Oct 2009 From the perspective of Emerging Market Economies (EMEs) and particularly for that of India, five concerns are expressed. These are: first, timing of exit from the accommodative monetary policy in the... Section: Speeches
by D Subbarao | On 05 Oct 2009 Options for monetary policy arising from interactions
between it and Indian foreign exchange (FX) markets. A brief survey covers
recent rapid changes providing a snapshot of current microstructure,
... Section: DRG Study Series
by Ashima Goyal | On 14 Sep 2009 How do we, as individuals, approach issues of ethics and values? Are our approaches different in our personal and professional lives? Are issues of ethics different in the financial sector? What are t... Section: Speeches
by Duvvuri Subbarao | On 29 Aug 2009 The present study has sought to introduce, conceptualise and
operationalise a scheme for integrating the ‘quality’ dimension of public
spending into the devolution scheme of intergovernmental transf... Section: DRG Study Series
by Mala Lalvani | On 20 Aug 2009 The present study examines issues related to fiscal federalism at the third tier in general and grants to local bodies in particular. The study presents a normative framework to estimate the requireme... Section: DRG Study Series
by Abhay Pethe | On 14 Aug 2009 The focus should be to simplify the technology which can operate on any platform. The technology solution to the business needs should be user-friendly without much third-party or IT vendor interventi... Section: Speeches
by Chakrabarty K C | On 09 Aug 2009 The third Annual Statistics Day Conference of the Reserve Bank. It has now become a tradition for to mark the Statistics Day as a tribute to late Professor P.C. Mahalanobis and his colossal contributi... Section: Speeches
by D Subbarao | On 02 Jul 2009 The multi-dimensional role of RBI and how it reponded to the financial crisis is depicted in the presentation. [Presentation made at the 56th EXCOM Meeting and FinPower CEO Forum organised by APRACA a... Section: Speeches
by Usha Thorat | On 29 Jun 2009 The paper attempts to analyse the emerging contours of regulation of financial institutions with an emphasis on the emerging challenges and dynamics. [Paper prepared for Financial Stability Review of... Section: Speeches
by Rakesh Mohan | On 10 Jun 2009 The global economy is passing through its deepest financial and economic crisis of our time. Protecting the Indian economy from the worst impact of the crisis has been a big challenge for the governme... Section: Speeches
by D Subbarao | On 22 May 2009 Speech is about the role of IT in the Indian financial sector [Keynote address at the Banking Technology Awards 2008 of the Institute for Development & Research in Banking Technology, Hyderabad]. Section: Speeches
by D Subbarao | On 18 May 2009 Presentation shows the global financial crisis, the difference between US, Europe and India, RBI’s policy response and impact, lessons from the crisis, medium-term issues and challenges. [Speech deliv... Section: Speeches
by Rakesh Mohan | On 23 Apr 2009 The main question that the Governor is asking to the RBI staff is "how can I do my job better so that I can make a positive difference to the country?" Section: Speeches
by Duvvuri Subbarao | On 01 Apr 2009 The impact of economic crisis on India has been analysed in the speech. [Speech delivered at the Symposium on 'The Global Economic Crisis and Challenges for the Asian Economy in a Changing World']. Section: Speeches
by Duvvuri Subbarao | On 18 Feb 2009 The speech tries to underline some lessones that be drawn from the financial crisis relevant to regulation, financial markets and the market infrastructure and to reflect on these. [Annual Conference... Section: Speeches
by Shyamala Gopinath | On 10 Jan 2009 Perspective on the current global turmoil, its impact on India, the outlook for the Indian economy and the challenges that lie ahead for the Indian banking system, in particular. [Speech delivered at... Section: Speeches
by D Subbarao | On 10 Dec 2008 The speech mainly throws light upon the impact of financial crisis on emrging economies particulary India. [Speech delivered at Reserve Bank of India at the RBI-BIS Seminar at Hyderabad]. Section: Speeches
by Duvvuri Subbarao | On 04 Dec 2008 A broad overview, from the Indian perspective, of the factors underlying the credit market crisis in the west, the implications of the crisis for the financial sector,
lessons learnt from it, the var... Section: Speeches
by Leeladhar V | On 24 Nov 2008 Each day, there is news of the crisis spreading to a newer part of the world
or to a newer institution. What we are going through is an unprecedented crisis; and we will be failing the world if we do... Section: Speeches
by Duvvuri Subbarao | On 11 Oct 2008 Today banks have centralised operations, more and more banks and branches are moving to CBS , network based computing, new delivery channels such as networked ATMs, internet banking, smart card based... Section: Speeches
by Usha Thorat | On 12 Sep 2008 The lecture is about the payment system in India, which is an important element of the financial sector infrastructure. The lecture also shows the evolution and objectives of the Indian payment system... Section: Speeches
by Leeladhar V | On 01 Aug 2008 The Reserve Bank released the document “Macroeconomic and Monetary
Developments: First Quarter Review 2008-09” to serve as a backdrop to the First Quarter Review of Annual Policy Statement for 2008-0... Section: Reports
by Reserve Bank of India | On 28 Jul 2008 This paper focuses on the role of fiscal and monetary policies in the evolution of the Indian economy over the years, with particular attention being given to the reforms undertaken in these policies... Section: Speeches
by Rakesh Mohan | On 19 Apr 2008 A brief overview is provided about India’s long-term growth performance. Then an attempt is made to set out the conditions for successful innovations. To assess the role of innovations in the Indian... Section: Speeches
by Rakesh Mohan | On 28 Mar 2008 Speech describes India’s experiences on ‘Inclusive Growth’ - a topic which is both current and close to the hearts of public policymakers and central bankers of emerging economies. [Independence Comme... Section: Speeches
by Usha Thorat | On 28 Feb 2008 A review of the overall macroeconomic performance in India since independence, the prospects for the coming five years and finally the issues that need to be addressed for sustaining the growth of the... Section: Speeches
by Rakesh Mohan | On 14 Feb 2008 Review consists of three sections:
I. Assessment of Macroeconomic and Monetary Developments;
II. Stance of Monetary Policy; and
III. Monetary Measures.
An analytical profile of macroeconomic a... Section: Reports
by Y V Reddy | On 29 Jan 2008 Management of capital accounts in the global context and in the Indian context. [Inaugural address delivered by Dr. Y. V. Reddy, Governor, Reserve Bank of India at the Annual Conference of the Indian... Section: Speeches
by Y V Reddy | On 03 Jan 2008 This study, entitled “Municipal Finance in India – An Assessment”, undertaken for the Development Research Group (DRG), Reserve Bank of India examines the performance of Urban Local Bodies (ULBs) in I... Section: DRG Study Series
by P K Mohanty | On 27 Dec 2007 The growing importance of India and other emerging economies in the globalized world are given in this lecture. This group of economies is not easy to define. However, some reflections on the implicat... Section: L.K.Jha Memorial Lecture
by Jean-Claude Trichet | On 26 Nov 2007 One of the burning issues at the moment relates to increasing the “voice” or representation of emerging-market economies in international financial institutions such as the IMF and World Bank. There a... Section: C D Deshmukh Memorial Lecture
by Mboweni T.T. | On 02 Nov 2007 The authors attempt to construct a monetary conditions index (MCI) for India in order to take both interest rate and exchange rate channels simultaneously into consideration while evaluating the stanc... Section: Occasional Papers
by Kannan R | On 31 Oct 2007 The Reserve Bank, as the regulator of the banking sector, has been actively engaged, from the very beginning, in the review, examination and evaluation of customer service in the banks. It has been re... Section: Speeches
by Leeladhar V | On 24 Oct 2007 The key elements of effective central banking that account for much of the improvement in monetary policy around the world today are outlined and explained. The past quarter of the century has been a... Section: Speeches
by Marvin Goodfriend | On 05 Oct 2007 The States, relative to the Centre, have taken the centre-stage in the reform process since the areas of highest national priority now fall essentially within the purview of the States. The unique and... Section: Speeches
by Y V Reddy | On 23 Sep 2007 The Reserve Bank had constituted an internal working group to review the existing access criteria and suggest changes that may be adopted for access to Payment and Settlement Systems. The Group has pr... Section: Reports
by Reserve Bank of India | On 21 Sep 2007 The nature of the financial turbulence that happened recently in US and Europe, why it happened, where it happened, and the implications for central banks. Some of the forces that led up to and charac... Section: Speeches
by Rakesh Mohan | On 20 Sep 2007 A review of the recent developments in the Indian Economy. Review of the trends in monetary policy challenges globally and for emerging market economies (EMEs) in particular. The monetary policy frame... Section: Speeches
by Y V Reddy | On 07 Sep 2007 Annual report of RBI for the year 2006-07 Section: Reports
by Reserve Bank of India | On 30 Aug 2007 RBI seeks comments from the public for this paper. Comments may be sent to the Chief General Manager-in-Charge, Department of Banking Operations and Development, Reserve Bank of India, Central Office,... Section: Discussion Papers
by Reserve Bank of India | On 27 Aug 2007 An overview of domestic and global macroeconomic developments [Valedictory address at the High Powered Macroeconomic Workshop organised by the State Bank of India]. Section: Speeches
by Rakesh Mohan | On 03 Aug 2007 *Bank Rate kept unchanged
*Cash Reserve Ratio to be increased by 50 basis points to 7.0 per cent with effect from
the fortnight beginning August 4, 2007
*GDP growth projection for 2007-08... Section: Reports
by Y V Reddy | On 31 Jul 2007 The report is a compilation of quantitative information with regard to external reserves, such as, level of foreign exchange reserves, sources of accretion to foreign exchange reserves, external liabi... Section: Reports
by Reserve Bank of India | On 19 Jul 2007 A brief introduction to Reserve Bank of India, followed by glimpses of the Indian economy. A detailed account of reforms in India’s financial sector, in particular, the banking sector, and financial m... Section: Speeches
by Y V Reddy | On 02 Jul 2007 The speech mainly gives insights into aspects like what is globalisation, urban growth in the next 30 years, new challenges of Globalisation for Cities, the poor that emerges along with the cities, th... Section: Speeches
by Rakesh Mohan | On 02 Jul 2007 The historical development of statistics in India is outlined. The application of statistics in RBI and the areas where statisticians can contribute significantly are also given [Speech delivered on T... Section: Speeches
by Rakesh Mohan | On 29 Jun 2007 The problem of corruption has become very important in recent thinking on development policy. But corruption is only a part of the more general issue of economic governance, and of more general policy... Section: Brahmananda Memorial Lecture
by Avinash K Dixit | On 28 Jun 2007 In this speech to the staff of the Reserve Bank of India delivered on May 14, 2007 at the RBI, Central Office, Mumbai, the author offers some comments on the challenges posed by financial liberalisati... Section: Speeches
by Christian Noyer | On 14 May 2007 *Real gross domestic product (GDP) growth for 2006-07 was placed at 9.2 percent in the advance estimates of the Central Statistical Organisation (CSO) released in February 2007, over and above 9.0 pe... Section: General
by Reserve Bank of India | On 24 Apr 2007 The paper reviews the experience of select countries - both advanced and emerging markets - in regard to capital account liberalisation (CAL). The advanced countries' experience with regard to CAL is... Section: Occasional Papers
by Mohua Roy | On 10 Jan 2007 Devoted to the analysis of housing market in India, the paper employs a special
decomposition scheme for the structural VAR proposed by Blanchard and Quah to study the impact of permanent shocks to... Section: Occasional Papers
by Himanshu Joshi | On 10 Jan 2007 Since their inception, regional rural banks (RRBs) have taken deep roots and have
become a sort of inseparable part of the rural credit structure in India. The financial
viability of the RRBs has, h... Section: Occasional Papers
by Biswa Swarup Misra | On 10 Jan 2007 This paper explores the behaviour of the forward premia for US$ vis-à-vis INR
during the five-year period of September 2000 to September 2005. Indian forex market
experienced a peculiar phenomenon i... Section: Occasional Papers
by Anil Kumar Sharma | On 10 Jan 2007 The scope for bancassurance models as feasible source of sustainable income to banking sector is explored by exploiting the synergy in the context of India having the largest banking network on the on... Section: Occasional Papers
by Karunagaran A | On 27 Nov 2006 * Repo Rate increased to 7.25 per cent from 7.0 per cent.
* The flexibility to conduct overnight repo or longer term repo including the right to accept or reject tender(s) under the LAF, wholl... Section: General
by Reserve Bank of India | On 31 Oct 2006 Recognising the growing activity in the non deliverable forward (NDF) market in the recent years, the paper attempts to present a detailed analysis of the NDF market with special focus on Indian rupee... Section: Occasional Papers
by Sangita Misra | On 22 Oct 2006 The rapid growth in banking indicators in the North Eastern region of India following nationalisation of 14 major banks in 1969 and another six in 1980 based on social banking was sustained or not are... Section: Occasional Papers
by Amarendra Sahoo | On 16 Oct 2006 The lecture focuses on some implications -- both positive and normative -- of the most surprising development in the international financial system over the last half dozen years. That development is... Section: L.K.Jha Memorial Lecture
by Lawrence H. Summers | On 24 Mar 2006 The robust performance of the Indian economy continued during the second
quarter (July-September) of 2005-06. According to the Central Statistical
Organisation (CSO), the economy recorded a real GDP... Section: General
by Reserve Bank of India | On 02 Feb 2006 Review of The Economics of Information Technology: An Introduction" by Hal R. Varian, Joseph Farrell, Carl Shapiro, Cambridge University Press, Cambridge, 2004, pages 102, Price Rs. 795 RBI Occasional... Section: Occasional Papers
by Brijesh Pazhayathodi | On 22 Jan 2006 Review of Globalisation and Opening Markets in Developing Countries and Impact on National Firms and Public Governance: The Case of India by Jean-Francois Huchet & Joel Ruet, Scientific Coordinators,... Section: Occasional Papers
by Lakshmanan L | On 19 Jan 2006 An estimation of the real equilibrium exchange rate for India for the period in the latter half of the 1990s using fundamental economic variables by decomposing a structural VAR vested with appropriat... Section: Occasional Papers
by Himanshu Joshi | On 18 Jan 2006 With the 19th century drain, no one was certain if the benefit exceeded
the cost and since the rulers were foreign the suspicion was that any investment they made was not beneficial. But the lesson f... Section: Brahmananda Memorial Lecture
by Lord Meghnad Desai | On 20 Sep 2004 This paper talks of good outcomes of Globalisation which needs to be further inproved wherein Institutional response mechanisms should be designed to address any problems that may arise in specific ar... Section: C D Deshmukh Memorial Lecture
by Jagdish Bhagwati | On 12 Dec 2002 Dr. Bimal Jalan, Governor gave a welcome remark to Prof. Charles Goodhart on his 11th C. D. Deshmukh Memorial Lecture on 'Whither Central Banking ?' This paper revolves around Dr. Jalan's summary and... Section: C D Deshmukh Memorial Lecture
by Dr Bimal Jalan | On 07 Dec 2000 The report narrates that the Accord provided a framework for a fair and reasonable degree of consistency in the application of capital standards in different countries, on a shared definition of capit... Section: Occasional Papers
by Reserve Bank of India RBI | On 02 May 2000 The author points out that the general directions of change adopted by the financial authorities in countries around the world in response to the market turbulence of 1997 and 1998 are correct. But, e... Section: C D Deshmukh Memorial Lecture
by Howard Davies | On 07 Feb 2000 Financial sector’s primary role is intermediation between ultimate savers and ultimate investors. Initially, it was banks which were the intermediaries. As the financial sector evolved, other types of... Section: Speeches
by R. Gandhi | On 01 Jan 1900 |