President Murmu Stresses Vigilance Against Financial Frauds at RBI's 90th Anniversary Celebration

Highlights RBI’s Crucial Role in India’s Economic Stability Amid Growing Cyber Threats​

Mumbai, April 1 — President Droupadi Murmu on Tuesday emphasized the increasing risk of financial frauds in the wake of rapid technological advancement, calling for a sustained and robust partnership between the Reserve Bank of India (RBI) and the government to ensure macroeconomic stability.

Speaking at the closing ceremony commemorating the 90th anniversary of the RBI, President Murmu praised the central bank's proactive stance in fostering a secure and resilient banking system.

“With the rapid advancement of technology, the risk of financial fraud and cyber threats is also increasing,” said President Murmu. “This growing concern demands constant vigil.”

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RBI's 90-Year Legacy of Trust and Adaptability​

President Murmu hailed the RBI’s nine-decade-long journey as deeply aligned with the government's vision and policy goals. She credited the central bank for successfully navigating complex economic transitions and implementing key financial reforms through an enduring institutional partnership.

“The RBI has earned the people's trust by consistently delivering on its mandate of price stability, financial growth, and stability,” she added. “People instinctively place their utmost faith in the financial system overseen by the RBI.”

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She further noted the RBI’s swift and resilient response during crises like the COVID-19 pandemic, showcasing its adaptability and commitment to national interest.

RBI Unveils Glimpse of India's Gold Holdings and Special Commemorative Stamp​

During the event, a teaser from an upcoming five-episode web series was showcased, featuring never-before-seen visuals of India's gold reserves. A special commemorative stamp celebrating the RBI’s 90-year journey was also released to mark the historic occasion.

Governor Malhotra Outlines RBI's Vision for the Next Decade​

Addressing the gathering, RBI Governor Sanjay Malhotra outlined the institution’s strategic priorities for the coming years.

“The next decade will be crucial in shaping the financial architecture of the Indian economy,” he said.

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He reaffirmed the RBI’s commitment to:

• Deepening financial inclusion
• Enhancing customer service and consumer protection
• Optimizing regulatory frameworks for both stability and efficiency
• Supporting innovation and remaining agile amid technological changes

Leaders Laud RBI’s Role in India's Economic Progress​

Union Communications Minister Jyotiraditya Scindia lauded the RBI as a steadfast pillar anchoring the nation’s economic journey. The event was also attended by several key figures, including Finance Secretary Ajay Seth, SEBI Chairman Tuhin Kanta Pandey, former RBI Governor Urjit Patel, and top banking leaders such as SBI Chairman C S Setty.

The celebration underscored the RBI’s pivotal role in India’s financial ecosystem and set a forward-looking tone as it enters a new chapter in its legacy.