PM Addresses RBI@90 Opening Ceremony, Releases Commemorative Coin

Mumbai, April 1, 2024: The Prime Minister, Shri Narendra Modi, graced the opening ceremony of RBI@90, a program commemorating the 90th anniversary of the Reserve Bank of India, in Mumbai, Maharashtra. The event witnessed the release of a commemorative coin marking this significant milestone. Established on April 1, 1935, the Reserve Bank of India stands at the threshold of its 90th year of service.

Addressing the distinguished gathering, the Prime Minister lauded the historic achievement of the Reserve Bank of India, emphasizing its pivotal role in shaping the nation’s economic landscape over the decades. He hailed the RBI’s unwavering professionalism and commitment, which have garnered global recognition for the institution. Expressing confidence in the future trajectory of the RBI, he highlighted the critical role it will play in steering India’s growth agenda towards a prosperous and developed nation.

Reflecting on the journey of the Indian banking system, the Prime Minister underscored the remarkable transformation it has undergone, evolving into a robust and sustainable model admired worldwide. He attributed this success to a clarity of policy, resolute decision-making, and comprehensive reforms undertaken by the government. Notably, he lauded the RBI’s contribution to resolving challenges such as non-performing assets (NPA) and fostering financial stability.

Furthermore, the Prime Minister emphasized the tangible impact of RBI’s initiatives on the lives of ordinary citizens, particularly in sectors like financial inclusion and digital payments. He highlighted the significant strides made in empowering marginalized communities and fostering economic growth through innovative measures.

Looking ahead, the Prime Minister outlined key priorities for the next decade, including deepening financial inclusion, embracing technological advancements, and ensuring fiscal prudence. He reaffirmed the government’s commitment to supporting the RBI in its endeavors to achieve these goals and bolster India’s position as a global economic powerhouse.

The event was attended by dignitaries including the Governor of Maharashtra, Chief Minister of Maharashtra, Union Finance Minister, Ministers of State for Finance, and RBI Governor Shaktikanta Das.

The Prime Minister’s address at the RBI@90 opening ceremony underscores the pivotal role of the Reserve Bank of India in shaping India’s economic landscape and fostering inclusive growth in the years to come.