BANARAS HINDU UNIVERSITY INSTITUTE OF MANAGEMENT STUDIES

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BANARAS HINDU UNIVERSITY INSTITUTE OF MANAGEMENT STUDIES Visit & Lecture delivered by Shri R. Gandhi, Hon ble Dy. Governor, Reserve Bank of India on 22 October 2016 क श हद वववय लय क ब ध श स थ न व र वध स क य म व ण!य स क य तथ अथ$श वभ ग क सहय ग स भ रत य (रज़व$ ब*क क त+व ध न म भ रत म भ गत न ण ल- क उभव पर एक स क आय जन 3कय गय जसक म 5य अ6तथ भ रत य (रज़व$ ब*क क 7ड9ट- गवन$र ; आर ग ध एव < य 6नद शक ; अजय क म र थ क य$>म क? श @आत म Aय प$ण तथ द-प!वलन ए व क लग त क ब द ब ध श स थ न क 6नद शक र जक म र क व गत भ षण स ह ई जहDन सभ अ6तथयD क व गत करत ह ए छ D क इस म क क भरप र फ यद उठ न क? सल ह द- अथ$श वभ ग क म ख ए प प Kड य न भ रत क? सम ध तथ वMभन भ गत न ण MलयD क ब र म छ D क बत य भ रत य (रज़व$ ब*क क < य 6नद शक ; अजय क म र न क लप6त. ज स Oप ठP क धयव 3कय तथ ई-प क ट, ई-प मट आद स छ छ ओ क अवगत कर य

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A lecture on the topic Payment system: Evolution in India- Is it a Revolution? was jointly organized by Institute of Management Studies, Faculty of Commerce and Department of Economics, at the Law Faculty Auditorium, Banaras Hindu University. Shri. R. Gandhi, Hon'ble Dy. Governor, Reserve Bank of India, was the Chief Guest for the event. The event was started with floral tribute to Malviya Ji and lighting of lamp, followed by Kulgeet recited by students of Faculty of Performing Arts. Prof. Raj Kumar, Director, Dean and Head, Institute of Management Studies welcomed the distinguished guests and gathering. Prof. Raj Kumar also presented memento and Angavastra to the Hon ble Dy. Governor and Shri Ajay Kumar, Regional Manager, RBI. Prof. A.P.Pandey, Head, Department of Economics gave a brief introduction to the students about the topic of the Lecture.

Shri. Ajay Kumar, Regional Manager, RBI Lucknow also addressed the gathering and thanked Prof. G.C.Tripathi, Vice Chancellor, BHU for inviting them to the university. He explained how RTGS is the backbone of Payment system which has come a long way now. Shri R.Gandhi, Deputy Governor, RBI addressed the gathering and expressed his delight to be present in such a historic place. He said that he selected the topic because of the continuous evolution in payment system which has set a standard for the world. He described the journey of payments system in India in great detail which started off from precious metals and has come up to Unified Payments System. He also threw light on the huge use of Aadhar based payment and authentication system and the CTS (Cheque Truncation System) which is considered one of the most efficient systems in the world. He further elaborated on the concerns of RBI that include the recent cyber security attacks which needs strengthening and to continue the progress and not to become passive. He added that customer protection and customer awareness are the two most important segments on which RBI is continuously working.

Financial inclusion and handling of customer complaints and grievances are being effectively monitored by RBI. He concluded by explaining RBI s role in setting standards for Banks and NBFC s. He also interacted with the students. Vote of thanks was proposed by Prof. C.P.Mall, Dean, Faculty of Commerce to the distinguished guests and gathering on the occasion. The Hon ble Dy. Governor Shri R. Gandhi also visited the Institute of Management Studies, and had a brief interaction with the faculty members prior to the event. OFFICE OF THE DIRECTOR

BANARAS HINDU UNIVERSITY INSTITUTE OF MANAGEMENT STUDIES Lecture / Interaction Session on Payment System: Evolution in India Is it a Revolution? by Shri R. GANDHI, Hon ble Dy. Governor, Reserve Bank of India (22 October 2016 at 11:00 AM) Law Faculty Auditorium PROGRAM Inviting Guests to the Dias 11:00 AM Floral Tribute (Garlanding) to Malaviyaji & Lighting of Lamp Shri R. Gandhi Hon ble Dy. Governor, RBI Shri Ajay Kumar Regional Director, RBI, Lucknow Prof. Raj Kumar, Director, Inst. of Mgmt. Studies, BHU Prof. C.P. Mall Dean, Faculty of Commerce, BHU Prof. A.P. Pandey, Head, Department of Economics, BHU 11:02 AM Presentation of Bouquet to the Guest 11:07 AM Kulgeet Students, Faculty of Performing Arts 11:15 AM Welcome of the Guests Prof. Raj Kumar 11:20 AM About the Program Prof. A.P. Pandey 11:30 AM Address by the Regional Director, RBI Shri Ajay Kumar 11:40 PM Address & Interaction by Hon ble Dy. Governor, RBI Shri R. Gandhi 11:45 AM Presentation of Memento to the Guests Prof. Raj Kumar 12:50 AM Vote of thanks Prof. C.P. Mall 12;55 PM Compered by : Dr. Shashi Srivastava, Institute of Mgmt. Studies, BHU

Media coverage of the Visit & Lecture