RBI to Strengthen Financial System

Governor says will take all steps to deepen financial inclusion

- SUBRATA PANDA

The next decade would be crucial for the country's financial architecture and the Reserve Bank of India (RBI) will take all necessary steps to improve India's financial system by expanding access, enhancing efficiency, and strengthening resilience in an evolving economic landscape, Sanjay Malhotra, Governor, RBI said on Tuesday.

He said that RBI will also focus on improving customer services and strengthening consumer protection.

"Today, we stand at the confluence of tradition and transformation where the imperatives of price stability, financial stability and economic growth intersect with rapid technological advancements, global uncertainties, challenges of climate change and increasing public expectations," Malhotra said at the commemoration of the 90th anniversary of RBI.