rajeshwar rao : credible communication – perspective and thoughts text of the padma bhushan professor emeritus dr. m. v. pylee memorial lecture by mr rajeshwar rao, deputy governor of the reserve bank of india, at the school of management studies, cochin university of science and technology, kochi, 26 february 2024. * * * dr. p. g. sankaran, vice chancellor, cusat ; dr. jagathy raj, director, school of management studies ; faculty members, students, ladies, and gentlemen, at the outset, let me thank dr. jagathy raj for inviting to deliver this memorial lecture in the memory of dr. m. v. pylee. i cherish this gesture from my alma mater to deliver this talk and it is indeed an honour and privilege to do so. padma bhushan dr. m. v. pylee was a distinguished figure in the field of management and administration who enriched the field of management education in not only kerala but across the country with his scholarly work. he made significant contributions to the society through his thought leadership and academic endeavour and with his enduring legacy. dr. pylee's leadership as a management guru and as the director of the school of management studies, cusat, contributed significantly to the development of management education in kerala. his vision and guidance helped establish several institutions as centers of excellence in management studies. unfortunately, i did not have an opportunity to directly interact with dr. pylee as he demitted office of director before i joined sms, but i have benefitted from his ideals and vision, having completed my mba from sms in the year 1982. having put in about four decades in the central bank, i can certainly testify to the fact that academic research and insights are extremely useful for enlightened public discourse and have potential to alter the path of policy actions. embracing the philosophy of dr. pylee that investing in the skills and knowledge is the most important requirement for progress, during the course of my address today, i wish to share my perspectives on the transformational journey and progress witnessed in the indian financial system and emphasize on the need for skill building to survive, sustain, and succeed during this transformation. a changing banking landscape, digitalisation of financial services, new business models, emergence of fintech and technological progress are transforming financial sector in fundamental ways. this trend has been pronounced over the last decade. the business of banking has transformed with the strategic focus

welcoming remarks remarks by jerome h. powell chair board of governors of the federal reserve system at the reservation economic summit 2022 national center for american indian enterprise development las vegas, nevada may 24, 2022 good morning, and welcome. it is a great pleasure to welcome all the attendees to res 2022. the national center for american indian enterprise development has been a strong and consistent partner to the federal reserve, collaborating with us on small business covid surveys, serving on the leadership council for the minneapolis fed ’ s center for indian country development, and moderating our policy webinar series on tribal enterprise diversification, just to name a few. trust is earned and developed through relationships. this is particularly important in indian country. the federal reserve has built an enduring and sturdy bond with the national center, and we value that partnership. we are excited to be participating in this year ’ s conference, learning alongside you. there is undoubtedly more research and engagement to be done on the specific and unique economic needs of tribal nations and indigenous communities. res 2022 is a great meeting ground for such collaboration. the best insight and analysis come from people who live and work in communities and have an inside view of the struggles and opportunities within. the federal reserve system has made a priority of engaging with leaders and stakeholders on opportunities most relevant to tribal economic prosperity. for example, input from tribal stakeholders has been invaluable to informing the important work of modernizing the community reinvestment act, which was incorporated into the recently published proposal that we are looking forward to getting comments on. we also value the growing representation of tribal voices on our boards of directors and advisory councils at reserve banks, helping us to better understand economic conditions in indian country. - 2many of you are aware of the center for indian country development ( cicd ), our national institute dedicated to helping tribes reach their full economic potential. we are excited to be expanding its capacity to conduct economic research and data analysis to support the long - term economic prosperity of indian country, in partnership with indian country. we look forward to cicd ’ s ongoing collaboration with tribal communities on research and data. additionally, an initial st. louis fed partnership with the osage nation, to provide youth financial education, has led to partnerships with tribal governments across the country that provide personal finance education, often in their native languages. tribal leaders nationwide have also joined recent listening sessions to discuss the impacts of inflation. similar sessions were held on our pandemic response facilities