RBI Governor Sanjay Malhotra Highlights Vision for Future of India's Financial System at 90th Anniversary Event

RBI Reaffirms Commitment to Consumer Protection, Innovation, and Financial Inclusion​

Mumbai, April 1 — At the closing ceremony marking the 90th anniversary of the Reserve Bank of India (RBI), Governor Sanjay Malhotra outlined a forward-looking vision for the central bank, emphasizing the importance of consumer protection, regulatory optimization, and technological innovation.

Speaking at the commemorative event on Tuesday, Malhotra acknowledged the evolving responsibilities of the RBI, stating, "As we mark this milestone, we recognize that the RBI's role has expanded significantly beyond its initial mandate."

Balancing Tradition with Transformation​

He described the present moment as a confluence of tradition and transformation, where the goals of price stability, financial stability, and economic growth must be balanced with the realities of global uncertainties, climate change, rapid technological change, and growing public expectations.

Vision for the Next Decade​

Highlighting the importance of the coming decade in shaping India's financial architecture, Malhotra said the RBI is committed to deepening financial inclusion and enhancing customer service.

"We shall strive to foster a culture of continuous improvement in customer services and strengthening consumer protection," he said. "It will be our endeavor to optimize our regulatory frameworks by balancing the interests of financial stability and efficiency."

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He also reaffirmed the RBI’s role in supporting innovation and staying adaptive in an ever-evolving financial ecosystem.

Collaboration and Public Trust at the Core​

The Governor emphasized the need for continued collaboration with governments, financial regulators, and other stakeholders to enhance the accessibility, efficiency, and resilience of India’s financial system.

"Even as we embrace new technologies and modern regulatory approaches, our core values—integrity, transparency and commitment to public service—will continue to guide us," Malhotra stated. "The trust that the people of India repose in the Reserve Bank is our greatest asset. We are determined to preserve it and further strengthen it in the years ahead."

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Looking Ahead to the Centenary Decade​

As the RBI enters what Malhotra called its "centenary decade," he expressed confidence in the institution’s ability to meet future challenges with agility and innovation.

"The journey ahead will demand continuous adaptation and agility, fresh thinking and innovation, collaboration and coordination, and an unwavering commitment to excellence and perfection," he concluded.

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With a firm resolve to serve the interests of the people, the financial system, and the broader economy, the RBI reiterated its readiness to lead India’s economic progress into the next century.