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President Droupadi Murmu urged the RBI to enhance vigilance against financial fraud and cyber threats as technology advances. She praised the RBI's role in maintaining trust and stability over the past 90 years and emphasized its importance in driving financial innovation and ensuring a secure digital payment system.
While speaking at the 90th anniversary function of the RBI held in Mumbai, the President said, “This growing concern demands constant vigilance and the Reserve Bank of India (RBI) has been taking proactive measures strengthening safeguards and ensuring a secure banking environment.”
“As the government leads the transition to a greener economy, the RBI has complemented this vision through measures such as the Green Deposit Framework, which directs first towards environmentally sustainable projects and the inclusion of green finance and priority sector lending to encourage banks to support eco-friendly initiatives,” the President said.
She said over the last 90 years the RBI has closely aligned with the vision and policies of the government and this partnership has been essential in navigating complex economic transitions, implementing critical financial reforms and maintaining micro-economic stability.
Ms. Murmu said the path ahead for India would present new complexities and challenges, yet with a steadfast commitment to stability, innovation and inclusivity. The RBI would continue to be a pillar of strength, reinforcing trust and steering India towards a future of prosperity and global leadership.
“As the guardian of monetary and financial stability, RBI will play a defining role in this journey, ensuring a sound banking system, driving financial innovation and safeguarding trust in our financial ecosystem,” she said.
Stating that RBI has emerged as one of the most critically important institutions in the nation, she said its biggest achievement is trust.
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