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 International Finance and Banking Conference organized by the Indian Merchants’...

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?"

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'].

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 not draw lessons from the crisis to prevent its recurrence. [Statement at the International...

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].

Managing price stability, financial stability, and sovereign debt sustainability is a new trilemma that has emerged after the global crisis for central banks. In managing the new trilemma, central banks would face some policy relevant questions: Is there a return of fiscal dominance of monetary...