SEACEN Welcomes Reserve Bank of India as its 19th Member
Posted on 12 December 2012
 

The SEACEN Centre is pleased to welcome the Reserve Bank of India as the 19th member of the SEACEN Grouping with effect from 1 January 2013. Reserve Bank of India’s participation as a member will enhance the scope of regional cooperation on financial and economic matters that are mutually beneficial to SEACEN members. This will also reinforce the identity of SEACEN as the most inclusive central banking group in the region for learning, research, networking and high level forum. The SEACEN Centre takes this opportunity to welcome Dr. D. Subbarao, Governor, Reserve Bank of India, as a Member of the SEACEN Board of Governors, effective from 1 January 2013.

In connection with Reserve Bank of India's admission as SEACEN member, the Executive Director of SEACEN, Mr. Hookyu Rhu, paid a courtesy visit to Dr. D. Subbarao, Governor of Reserve Bank of India (RBI), on 30 January 2013. During the meeting, Mr.Rhu conveyed the SEACEN Board of Governors' congratulatory message to Governor Subbarao for RBI becoming the 19th SEACEN member. Mr. Rhu also stressed SEACEN’s commitment to cooperate closely with RBI for regional cooperation and building human capacity. He added that SEACEN has been growing with the changing needs of the member banks and as such its vision and mission in the 3-Year Strategic Business Plan has been revised to meet the changes.

On his part, Governor Subbarao said that he is supportive of training and believes that it is important for RBI to be a knowledge institution. RBI funds research institutes to advance training and research on banking issues, economic growth and banking technology.The Governor added that he looks forward to establishing a long term relationship with SEACEN and thanked Mr. Rhu for making this engagement with RBI.
 

Mr Hookyu Rhu (left), shaking hands with Governor Subbarao (right)



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