{"id":1405,"date":"2024-04-01T10:17:15","date_gmt":"2024-04-01T10:17:15","guid":{"rendered":"https:\/\/riyasatnamanews.in\/?p=1405"},"modified":"2024-04-01T10:17:19","modified_gmt":"2024-04-01T10:17:19","slug":"rbi-governor-emphasizes-importance-of-a-robust-financial-system-for-economic-growth","status":"publish","type":"post","link":"https:\/\/riyasatnamanews.in\/index.php\/2024\/04\/01\/rbi-governor-emphasizes-importance-of-a-robust-financial-system-for-economic-growth\/","title":{"rendered":"RBI Governor Emphasizes Importance of a Robust Financial System for Economic Growth"},"content":{"rendered":"\n<p><strong>Mumbai, Apr 1:&nbsp;<\/strong>Reserve Bank Governor Shaktikanta Das on Monday said the endeavour of the central bank would be to provide a stable and strong financial system over the next decade, which will act as the bedrock for the country\u2019s economic progress.Over the years, the Reserve Bank of India (RBI) has emerged as a symbol of stability, resilience and commitment to the welfare of our citizens, he said at an event to mark the 90th anniversary of the RBI. \u201cAs we move towards RBI at 100, the Reserve Bank remains focussed on a stable and strong financial system that would act as the bedrock for our country\u2019s economic progress,\u201d he said. The Reserve Bank is constantly evaluating the emerging trends and taking necessary policy measures to remain in sync with the changing times, he said, adding the central bank\u2019s effort is to anticipate situations and take proactive measures. Das highlighted that the Reserve Bank\u2019s evolution as an institution has been closely intertwined with the development of the Indian economy. \u201cWe are a full-service central bank with our functions spanning multiple dimensions. It has been our endeavour to promote a financial sector that is robust, resilient, and future-ready,\u201d he said. Talking about structural reforms, he said, the enactment of the Insolvency and Bankruptcy Code and the adoption of flexible inflation targeting in recent years, have helped to deal with the challenges in the banking system and the task of maintaining price stability more effectively. (Agencies)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, Apr 1:&nbsp;Reserve Bank Governor Shaktikanta Das on Monday said the endeavour of the central bank would be to provide a stable and strong financial system over the next decade, which will act as the bedrock for the country\u2019s economic progress.Over the years, the Reserve Bank of India (RBI) has emerged as a symbol of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1405","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI Governor Emphasizes Importance of a Robust Financial System for Economic Growth - Riyasatnama 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