ENA Sectors 2025-04-02 14:57:38 <p><span style="font-size:14px"><strong>Mumbai, Apr 2 (KNN)</strong> The Reserve Bank of India (RBI) is committed to enhancing financial access, efficiency, and resilience in an evolving economic landscape, said Governor Sanjay Malhotra at the central banks 90th commemoration ceremony on Tuesday.</span></p> <p><span style="font-size:14px">We at the Reserve Bank remain fully prepared to meet all challenges and seize all opportunities, Malhotra stated, emphasising the institutions expanding role beyond its initial mandate.</span></p> <p><span style="font-size:14px">The RBIs journey ahead demands continuous adaptation, fresh thinking, and unwavering commitment to excellence, Malhotra said, reaffirming that public trust remains the institutions greatest asset.</span></p> <p><span style="font-size:14px">He highlighted the need to balance price stability, financial stability, and economic growth amid technological advancements, global uncertainties, and climate change challenges.</span></p> <p><span style="font-size:14px">Malhotra pointed out that financial inclusion is a key focus area, noting that over 551 million bank accounts have been opened under various schemes.</span></p> <p><span style="font-size:14px">The RBIs Financial Inclusion Index rose to 64.2 in March 2024 from 60.1 in March 2023 and 43.4 in 2017, reflecting significant progress in access, quality, and usage of financial services.</span></p> <p><span style="font-size:14px">It will be our endeavour to optimise our regulatory frameworks by balancing financial stability and efficiency, he added, reaffirming the RBIs commitment to responsible regulation.</span></p> <p><span style="font-size:14px">The governor underscored the importance of embracing technology and innovation to strengthen the financial sector.</span></p> <p><span style="font-size:14px">The RBI aims to remain vigilant, adaptive, and forward-looking, collaborating with stakeholders, governments, and financial regulators to enhance the banking ecosystem.</span></p> <p><span style="font-size:14px">As the Indian economy gears up for a crucial decade, the central banks focus will be on striking the right balance between regulation and growth, ensuring a robust and inclusive financial system for the future.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41612 https://knnindia.co.in/news/newsdetails/sectors/rbi-needs-fresh-thinking-and-commitment-to-excellence-governor-malhotra 2025-04-02 14:57:38 knnindia.co.in