Saralnama
Reserve Bank of India Governor Sanjay Malhotra, in his inaugural address at the FIBAC 2025 banking conference, called on banks and corporates to collaborate in driving investment to support growth amid a challenging global economic environment. He emphasized that while regulators focus on stability and regulated entities on growth, both share the goal of a developed India. Malhotra highlighted that the RBI is exploring measures to expand bank credit, including to emerging sectors, and reaffirmed the central bank’s commitment to price stability alongside growth. He described India’s economy as resilient with strong macroeconomic fundamentals but noted the need to navigate global trade uncertainties and geopolitical tensions. The Governor also stressed the importance of adopting technologies like AI and machine learning in the financial sector. Malhotra encouraged coordinated efforts to address challenges and seize opportunities, aiming to improve financial intermediation efficiency so benefits reach the public. The conference, organized by FICCI and the Indian Banks’ Association, focuses on charting new frontiers for the banking industry. (Updated 25 Aug 2025, 12:37 IST; source: link)