Speeches & Media Interactions

Distinguished guests and my colleagues, Namaste and a very good morning! 2. It gives me immense pleasure to address this august gathering of distinguished central bankers from diverse regions, expert speakers associated with renowned international institutions and my fellow colleagues from Reserve Bank of India (RBI) at this first International Conference on Central Bank Accounting Practices organised by RBI jointly with the SEACEN Centre. I am glad that the topic of Accounting in Central Banks has attracted interest amongst central bankers across the globe and more than 20 countries are participating in this event.

Chair of the event, Shri M Damodaran; Chairman, IRDAI, Shri Ajay Seth; Chairman, PFRDA, Shri S Ramann; WTM, SEBI, Shri Kamlesh Varshney and other distinguished guests, colleagues, ladies, and gentlemen. A very good morning to all of you. 2. I am pleased to be here today for the 10th edition of the Gatekeepers of Governance Summit, as conferences like these provide an invaluable platform for the stakeholders to articulate and understand each other’s perspectives. I thank the organisers for this opportunity.

Shri Setty, Chairman, SBI, Shri Amara, MD, SBI, distinguished leaders and members of the financial fraternity. It gives me immense pleasure to be a part of what feels like, and perhaps is, the nerve centre of the Indian financial system.

I am delighted to be here amongst all of you in the SBI Banking and Economics Conclave. I sincerely thank Chairperson, SBI for providing me this opportunity to address the leaders of the banking and finance in the country. This Conclave is happening at a time when we are navigating a world of continued uncertainty, geopolitical realignment, and rapid technological change. This brings not only a host of challenges but also many opportunities.

It is a pleasure for me to be here at the Business Standard BFSI Insight Summit. I would like to thank the organisers for this opportunity. 2. In my brief comments, I will be reflecting on the observed economic and financial resilience of emerging markets (EMs) in general, and of the Indian economy, in particular. In this context, it may be noted that at the recently concluded Annual Meetings of the IMF, two contradictory themes prevailed: the unprecedented global policy uncertainty; and the surprising resilience of the economies

1. It is a pleasure to welcome all of you to this High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms (DPPs). 2. Thank you for accepting our invitation to be a part of this dialogue. As key decision makers of your esteemed institutions, entrusted with safeguarding the economic heath and resilience of your respective economies, your presence amidst us today adds great value to this occasion. 3. I expect an enriching and fruitful discussion on today’s topic. It is of critical importance, as it has the potential to significantly enhance the economic well-being of our people.

Shri C S Setty, Chairman, State Bank of India, Mr Peter Simon, CEO and distinguished delegates of the WSBI, Shri Vinay Tonse, Managing Director, SBI and WSBI Asia Regional President, Friends, colleagues, ladies and gentlemen, good evening, everyone! 2. At the outset, congratulations to WSBI for completion of a century, in bringing together savings and retail banks, from over 70 countries, representing the interests of customers of approximately 6,400 banks across all continents. 

I am very happy to participate in this 6th edition of the Global FinTech Fest (GFF). It is a premier forum where the wizards of technology intersect with the experts of finance. It is a unique forum where young innovators, brimming with bold ideas, converge with the steady wisdom of experienced leaders. This synergy which shapes solutions to common challenges reflects the true spirit of the GFF. This event also reflects India’s ambition to remain at the cutting edge of digital innovation. Over the years, the GFF has gained from strength to strength. I congratulate the organisers for this huge achievement.

Opening and Context Setting Good afternoon, distinguished policymakers, members of academia, industry leaders and innovators. It is both a pleasure and a responsibility to address this gathering on a subject that is poised to shape the future of finance, society, and governance alike—Responsible Artificial Intelligence. AI has rapidly evolved from an academic discussion less than a decade back to become an integral part of our daily lives. We encounter it when we unlock our phones, interact with chatbots, and increasingly, when accessing financial services. In just a few years, AI has evolved from an enabling technology to a foundational driver of how individuals and businesses make decisions.

Secretary, DFS, Shri M. Nagaraju, other senior officials from the Government, Chairman and MDs of SBI, MD CEOs and EDs of Public Sector Banks, and my other colleagues, a very good morning to all of you.