Learning from crises

Instead of learning from crises the same mistakes seem to get repeated. Therefore recollecting and extracting lessons from crises is essential. Key potential lessons are in anticipation, pre-emptive action, crisis management, and prevention. The paper details the internal and external shocks that hit India's financial system in the post-reform period and the regulatory lessons that were learnt and implemented as a consequence.crises, global financial markets, macroeconomic,

Impact of Global Financial Crisis on Reserve Bank of India (RBI) as a National Regulator

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 at Seoul, Korea].RBI, financial crisis, India, FII, growth, GDP, financial companies, NBFCs, monetary authority, forex, employment intesive sectors

Financial Inclusion and Information Technology

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 products, mobile access etc and are using IT for customer relationship management, customer transaction pattern analysis credit profiling and risk management. At the same time, large number of households continues to be excluded from the formal banking system and as per some recent surveys their share has increased. [Keynote address at ‘Vision 2020 - Indian Financial Services Sector’ hosted by NDTV at The Ballroom, Taj Lands End, Mumbai on September 12, 2008].RBI, IT, financial exclusion, risk management, banks,

Inclusive Growth - The Role of Banks in Emerging Economies

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 Commemoration Lecture, 2008].inclusive growth, India, policy makers, central bank, urban poor, education, skill development, public, agriculture, rural areas, production, productivity, market economies, emerging economies