RBI Governor Calls for Robust Financial and Corporate Partnership to Drive Economic Growth
RBI Governor Sanjay Malhotra emphasizes the importance of financial and price stability for economic growth. He urges banks and corporates to collaborate in igniting fresh investments and restoring entrepreneurial spirit, stressing on the pivotal role of the financial sector in fueling India's resilient and hopeful economy.
- Country:
- India
Reserve Bank of India (RBI) Governor Sanjay Malhotra highlighted the crucial need for financial stability and price stability to sustain economic growth during a recent banking event. Speaking at 'FIBAC 2025', organised by FICCI and IBA, Malhotra called on banks and corporates to foster fresh investments and rejuvenate the nation's entrepreneurial drive.
Malhotra remarked, "I anticipate working alongside regulated entities to enhance the effectiveness of our financial sector and ensure its benefits reach our citizens." He also urged industries to invest courageously and champion the nation's inherent entrepreneurial spirit, viewing the current critical juncture as an opportunity for growth amid global economic uncertainties.
Further, the Governor announced plans for a Regulatory Review Cell dedicated to evaluating regulations comprehensively. He emphasized that the review would focus on efficiency, potential impact, and emerging market conditions. CS Setty, Chairman, IBA, and Harsha Vardhan Agarwal, FICCI President, echoed Malhotra's optimism, advocating for a financial sector that leads rather than follows economic growth.
(With inputs from agencies.)
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