Managing Finance in Emerging Economies: The Case of India

Levy Institute scholars and conference participants. The purpose of the series is to disseminate ideas to and elicit comments from academics and professionals. Levy Economics Institute of Bard College, founded in 1986, is a nonprofit, nonpartisan, independently funded research organization devoted to public service. Through scholarship and economic research it generates viable, effective public policy responses to important economic problems that profoundly affect the quality of life in the United States and abroad

Payment and Settlement System in India

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 – as a public good, various milestones crossed by us in the past few decades, the major initiatives that the RBI has taken to upgrade and modernise the payment system in India to benchmark it with the best in the world, and the various technological developments that can be leveraged to further deepen the penetration of the payment system services in the country to promote greater financial inclusion. [Special Address delivered by Shri V Leeladhar, Deputy Governor, Reserve Bank of India at the Conclave on Indian Banking – Vision 2010, organised by the Indian Banks’ Association, Mumbai].settlement, history, clearing house regulations, retail, banking, electronic, RBI, system, payment, technological, devlopments, RBI, India, financial sector, infrastructure, inclusion, services, settlement,

Contemporary International and Domestic Banking Developments and the Emerging Challenges

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 various suggestions made at different fora for pre-empting the recurrence of such events, the Indian regulatory framework for liquidity supervision, and the policy measures instituted by the Reserve Bank in the past few weeks for augmenting liquidity and to safeguard the Indian system. [Speech at the Bankers’ Club, Kolkata]banking, RBI, banks, Indian, India, policy measures, system, credit-risk transfer (CRT), assest, fianance,business strategies, wealth funds, credit market, financial sector, housing mortgage sector, USA, macroeconomic, interest rate, liquidity,

Customer Centricity and the Reserve Bank

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 reviewing the progress periodically and has been continually nudging the Indian banking industry to become more customer friendly and customer centric in its conduct and business practices. RBI plays an enduring role in enabling customer empowerment and the re-enfranchisement of the customer – who, as the adage goes, is the king! [Speech at the seminar on Balancing Cost, Profitability and Customer Experience, organised by The Asian Banker at Hotel ITC Maratha in Mumbai].evaluation, friendly, Transparency, financial, business stratagy, services, cost, profitability, empowerment, reserve bank of india, RBI, industry, customer, Indian, banking, banks, centric, borrowings, savings, education, borrowers, credit, literacy, examination, modern technology