Reserve Bank of India Governor, Mr. Shaktikanta Das, commended the substantial recovery of the Indian banking and financial sector following the Covid pandemic. Speaking at the Mint BFSI Summit in Mumbai, he highlighted the pivotal role played by the Indian banking system in the country’s recent economic achievements. Emphasizing its resilience, Mr. Das stated that the system is now well-prepared to actively contribute to India’s growth story in the upcoming years. Preserving the trust built over time in the banking and financial sector was underscored as crucial for India’s economic resilience and recovery.
Addressing the commitment to maintain this trust, Mr. Shaktikanta Das outlined recent efforts by the Reserve Bank to enhance regulation and supervision. These measures are driven by the fundamental principle of safeguarding the integrity of the Indian financial system. In response to evolving trends like digital penetration and credit analytics, the RBI has proactively improved its regulatory and supervisory frameworks. The goal is to ensure ongoing stability and adaptability of the financial sector, effectively addressing emerging challenges.
