Maharashtra: Prime Minister Narendra Modi delivered a significant address at the opening ceremony of RBI@90, marking the 90th anniversary of the Reserve Bank of India in Mumbai, Maharashtra. During the event, PM Modi released a commemorative coin to honor RBI’s long-standing legacy and pivotal role in India’s economic development.
In his speech, PM Modi highlighted RBI’s illustrious journey, spanning pre and post-independence eras, and its global recognition for professionalism and commitment. He commended the dedication of RBI staff and stressed the pivotal role they play in shaping India’s economic landscape.
Addressing the future trajectory, PM Modi emphasized the importance of the next decade, which he termed as crucial for the resolutions of a developed India (‘Viksit Bharat’). He underscored the need for fast-paced growth, trust, and stability, outlining RBI’s priorities in driving economic progress.
Reflecting on past achievements, PM Modi praised the transformative reforms undertaken by the government, including initiatives to strengthen the banking sector, resolve NPAs, and promote financial inclusion. He credited RBI for its contribution to these endeavors and reiterated the government’s commitment to supporting banks and ensuring economic resilience.
Furthermore, PM Modi emphasized the significance of innovation and adaptability in the 21st century, urging stakeholders to prepare for advancements in technology and address evolving sectoral needs. He highlighted the role of RBI in fostering financial empowerment, particularly for MSMEs and marginalized communities.
PM Modi also underscored the importance of cybersecurity in the digital banking landscape and stressed the need for a robust banking industry to support India’s growth aspirations. He called for a holistic approach towards meeting the credit needs of diverse sectors, from global champions to street vendors, to foster a ‘Viksit Bharat’ (developed India).
The event saw the presence of distinguished dignitaries, including the Governor of Maharashtra, Chief Minister, Deputy Chief Ministers, Union Finance Minister, Ministers of State for Finance, and RBI Governor Shaktikanta Das, highlighting the collective commitment towards advancing India’s economic agenda.
