k c chakrabarty : india - oecd - world bank regional conference on “ financial education ” welcome address by dr k c chakrabarty, deputy governor of the reserve bank of india, at the india - oecd - world bank regional conference on “ financial education ”, new delhi, 4 march 2013. * * * 1. dr. d. subbarao, governor, reserve bank of india ; mr. onno ruhl, country director, the world bank ; ambassador richard boucher, deputy secretary general, oecd ; delegates from the oecd, the world bank and from countries across the world ; colleagues from reserve bank of india, other regulatory bodies and agencies involved in disseminating financial education in india ; ladies and gentlemen. it is my proud privilege to welcome you all to india ’ s capital city of new delhi, a city of rich cultural and historical traditions, on the occasion of this regional conference on financial education jointly organized by rbi, oecd and the world bank. as you might be aware, this conference is a part of a series of events organized to disseminate information about the activities of the russia / oecd / world bank trust fund on financial literacy and education. two other conferences in this series were held recently in cartagena and nairobi. we at the reserve bank of india, are indeed very proud to co - host this landmark conference, as it brings together all key stakeholders who are central to india ’ s crusade for achieving universal financial literacy. we believe this conference provides an ideal platform, not only for us, but also for delegates from other jurisdictions in particular, the asia pacific region, to exchange views and learn from the experiences of peers. we are also very happy and grateful, to have the world bank and the oecd as partners for this conference ; two organizations which have made immense contribution to spreading financial literacy and leveraging the financial systems to improve the quality of lives of the marginalized groups across the world. 2. over the next three days, the participants can look forward to stimulating and enriching deliberations involving global experts having rich and varied practical experiences and learn from their experiences of implementation of financial literacy initiatives in different parts of the world. the conference sessions have been structured with focus on all the important pieces which constitute the jigsaw of financial education. for instance, keeping in view the importance of a well - articulated national level framework for financial education, an interactive panel discussion

yv reddy : financial sector reforms : an update speech by dr yv reddy, deputy governor of the reserve bank of india, at the annual general meeting of the indian banks ’ association and the banks ’ sports board held in mumbai, 15 march 2001. * * * mr. kohli, mr. krishnamurthy and friends, i am happy to be here again in this gathering of friends in the banking community on the occasion of the annual general meeting of the indian banks ’ association and bankers ’ sports board. i feel that it is more an occasion to conduct focussed business and celebrate rather than one to deliberate on policy issues. yet as per tradition, i believe that there has to be an address by the chief guest. as a central banker, one always has to seriously consider market expectations and sometimes respond positively, even if somewhat unpredictably! the vision of the indian banks ’ association ( iba ) is stated to be " to work proactively for the growth of a healthy, professional and forward looking banking and financial services industry, in a manner consistent with public good ". the critical words are : ‘ proactively ’ and ‘ public good ’ and it is in this light that reserve bank of india ( rbi ) has consistently interacted with iba. i would like to place on record, on behalf of rbi, and on my own behalf, the impressive achievements of iba during the past one year and also the spirit of active cooperation extended by iba in the whole process of reform of the financial sector. in particular, rbi had the benefit of iba ’ s advice on several regulatory reforms and also in the work of the regulations review authority. the rbi is always with you, " proactively " in the cause of " public good ". while talking of serving " public ", i am reminded of what our professor in the then national academy of administration told us, the civil service probationers on training, 37 years ago. he said that civil servants are public servants and that they should serve the public, and added that civil servants should remember that public are those who are not in civil service! often, in many of our public systems, and perhaps in all large organisations, lot of attention is given to house keeping and staff welfare often overlooking the broader purpose for which the organisation itself exists. of course, in a competitive environment that is evolving in the financial sector, banks and other financial intermediaries are compelled to place the cost and quality of delivery