President Droupadi Murmu, attended the closing ceremony marking the 90th anniversary of the Reserve Bank of India (RBI) in Mumbai on April 1, 2025. She emphasized that the RBI has been central to India’s growth, having observed the nation’s evolution from pre-Independence poverty to becoming one of the world’s leading economies. The RBI plays a critical role in the nation, influencing the financial interactions of everyday citizens, even if they do not engage with the bank directly. The President highlighted the trust the RBI has built over the decades through its commitment to price stability, growth, and financial assurance, showcasing its adaptability to national needs and challenges, from economic liberalization in the 1990s to the COVID-19 pandemic.
Moreover, the RBI has significantly contributed to making India a leader in digital payments by modernizing payment infrastructure and facilitating innovations like UPI, enhancing transaction efficiency and financial inclusion. As India approaches its 100th year of Independence, the mission of ‘Viksit Bharat 2047’ aims for an innovative and accessible financial ecosystem.
The President acknowledged that the future may bring complex challenges but expressed confidence that the RBI would continue to reinforce trust and guide India towards prosperity and global leadership. She affirmed that as the guardian of monetary stability, the RBI would be vital in ensuring a sound banking system, promoting financial innovation, and maintaining trust within the financial ecosystem.
