Banks, Corporates Should Come Together To Spark Investment Cycle: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday underscored that financial stability and price stability are vital for sustaining economic growth, as he urged banks and corporates to join hands in driving fresh investments and reigniting the nation's entrepreneurial spirit.

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"I look forward to working with regulated entities to improve the efficiency and effectiveness of our financial sector to ensure the benefits reach the people of our nation. On the demand side, I would urge the industry to invest boldly and champion the entrepreneurial spirit that defines our nation. Banks and corporates should come together and drive the animal spirit to create an investment cycle which is important at this juncture," he said at a banking-focused event.

Addressing 'FIBAC 2025', organised jointly by FICCI and IBA, the Governor, while speaking on India's macro-economic conditions, said that India is currently at a critical juncture as we navigate the choppy global economic environment.

"We need to push the frontiers of growth and seize the opportunities coming our way. Indian economy has expanded manyfold, and it continues to be a symbol of resilience and hope," he asserted, as per a FICCI press release.