Speeches & Media Interactions

I am delighted to have been invited by the Nepal Rashtra Bank (NRB) to deliver the inaugural Himalaya Shumsher Memorial Lecture. I deem it as a privilege. I place on record my appreciation of the Nepal Rashtra Bank for initiating this lecture series in honour of Shri Himalaya Shumsher Rana, the first governor of NRB from1956 to 1961. He contributed immensely to the development of Nepalese monetary and financial systems. His efforts laid the foundation for many of Nepal's key financial institutions and contributed significantly to the country's economic development. Nepal and India have enjoyed a long standing relationship that goes back into history. It is not just a relationship between the two countries, it is also a close people to people relationship. The Nepal Rashtra Bank and the Reserve Bank of India also share a close relationship based on mutual co-operation.

1. Distinguished Guests, Dr R. C. Agrawal, Deputy Director General, Indian Council for Agricultural Research; Dr Sunil Gorantiwar, former Director of Research, Agricultural University , Rahuri; Principal, CAB; senior officials from Financial and Academic Institutions; colleagues from RBI; ladies and gentlemen. A very good morning to all of you.

I am happy to participate in the third annual conference of the Bretton Woods Committee’s Future of Finance Forum. The conference brings together leaders and experts from the public and private sectors, multilateral institutions and think tanks to deliberate on emerging issues, trends and technologies in the financial sector. This comprehensive horizon scanning can enrich decision making and help to fashion strategies for exploiting opportunities, managing risks and building future resilience. Against this backdrop, I propose to focus on the global financial stability landscape and the evolving balance of risks and opportunities beyond the current macro-economic environment. 

I am happy to be back at the FIBAC annual conference. This conference is special as it brings together industry leaders, financial sector players and regulators on a single platform to discuss vital issues of contemporary relevance. I would like to congratulate the FICCI and the IBA for organising this annual conference.

Namaskar! Good morning, I am honoured to be here today. This initiative by the CII – the Summit on Financing 3.0 – is perhaps the first of its kind and assumes timely significance in positioning itself as a beacon of light illuminating India’s leap towards its future. At the outset, therefore, I would like to express my deep appreciation of CII’s role in shaping India’s industrial and business landscape since 1895 as arguably the most visible business association in the country today. It is only befitting that I pay tribute to the CII’s extraordinary contributions by dwelling on our ambitions as a nation and the role of finance in actualising them.

1. Shri V Anantha Nageswaran, Chief Economic Advisor, Ms. Shereen Bhan, Managing Editor, CNBC TV 18, Ms. Latha Venkatesh, Executive Editor CNBC TV 18, Managing Directors & Chief Executive Officers of Banks and Non-Banking Financial Companies, leaders from the Fintech industry, distinguished guests, ladies, and gentlemen. A very good evening to all of you.

2. I am indeed delighted to be present here amongst you today to speak to you about the evolving banking landscape and the imperative need to build and sustain financial sector resilience if India is to achieve her aspirations of becoming a developed economy by 2047.

Honourable Prime Minister, Shri Kris Gopalakrishnan, Industry leaders, Esteemed participants, Members of the media, Ladies and Gentlemen. The Global FinTech Fest (GFF) has emerged as a flagship event, showcasing innovations, technological transformation and the spirit of collaboration in the Indian FinTech sector. Started in 2020 in the virtual mode, amidst the COVID-19 pandemic with about 12,000 participants, GFF 2024 has so far seen 80,000 participants. This demonstrates not only the growing stature of this event, but also the growing prominence of India in technology driven financial innovation. The presence of the Hon’ble Prime Minister in GFF 2024 inspires all of us to put in our best efforts to build a fintech ecosystem that is truly future ready.

I am very happy to participate in the 5th edition of the Global Fintech Fest (GFF). I would like to congratulate the organisers – NPCI, PCI and FCC1 – for bringing together diverse stakeholders from the FinTech ecosystem including FinTech innovators and companies, banks, NBFCs, regulators and others for this year’s GFF. This event has grown into a much awaited fixture in the calendar of not just the Fintech industry but also the broader technology ecosystem. 

We are celebrating the 90th year of the Reserve Bank of India in the current financial year. This Global Conference on ‘Digital Public Infrastructure and Emerging Technologies’ is among the marquee events that we are organising to commemorate this significant milestone. It is my pleasure to extend a warm welcome to each one of you to this conference, held in the beautiful and vibrant city of Bengaluru—a city which, for many years now, has been at the forefront of India’s technology revolution. I would also like to extend a special welcome to the esteemed participants who have joined us from across the globe. Thank you all for accepting our invitation. I sincerely hope that you will find the deliberations and interactions during the Global Conference enriching and productive.