Mumbai, April 1 — President Droupadi Murmu, speaking at the closing ceremony of the Reserve Bank of India's 90th anniversary commemoration, praised the central bank's pivotal role in India's economic evolution and called for a future-ready financial ecosystem to realize the vision of Viksit Bharat 2047.
RBI’s Role in Nation-Building Lauded
Highlighting the RBI’s nine-decade legacy, President Murmu noted that the institution has been a cornerstone of India's financial and economic stability. She emphasized that the RBI’s evolution has mirrored the government’s vision and policies, aiding the country through economic transitions, key financial reforms, and periods of macroeconomic turbulence.She affirmed that the challenges ahead would require resilience and innovation, with the RBI continuing to serve as a pillar of strength and trust, propelling India towards global economic leadership.
A Defining Role in the Road Ahead
President Murmu stressed the RBI’s critical function as the guardian of monetary and financial stability, stating that it would play a defining role in ensuring a sound banking system, driving financial innovation, and safeguarding trust in the ecosystem.RBI Governor Outlines Vision for the Future
RBI Governor Sanjay Malhotra, also speaking at the event, described the coming decade as crucial in shaping India’s financial architecture.He reiterated the RBI's pledge to refine regulatory frameworks that balance stability and efficiency, while embracing technology and innovation to stay ahead in a rapidly evolving financial landscape.
As the Reserve Bank of India enters its 91st year, both leaders reinforced the institution’s enduring responsibility in building an inclusive, innovative, and resilient financial system aligned with India’s aspirations for 2047.
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