India markets closed
  • BSE SENSEX

    50,441.07
    +35.75 (+0.07%)
     
  • Nifty 50

    14,956.20
    +18.10 (+0.12%)
     
  • Dow

    31,496.30
    +572.20 (+1.85%)
     
  • Nasdaq

    12,920.15
    +196.65 (+1.55%)
     
  • BTC-INR

    3,699,964.25
    -21,730.00 (-0.58%)
     
  • CMC Crypto 200

    1,019.89
    +76.71 (+8.13%)
     
  • Hang Seng

    28,540.83
    -557.46 (-1.92%)
     
  • Nikkei

    28,743.25
    -121.07 (-0.42%)
     
  • EUR/INR

    87.0586
    -0.0760 (-0.09%)
     
  • GBP/INR

    101.4954
    +0.2766 (+0.27%)
     
  • AED/INR

    19.9030
    +0.0340 (+0.17%)
     
  • INR/JPY

    1.4782
    -0.0008 (-0.05%)
     
  • SGD/INR

    54.4210
    -0.0880 (-0.16%)
     

Need to support economic revival, financial stability: RBI Guv

·1-min read

Chennai, Jan 16 (PTI) RBI Governor Shaktikanta Das on Saturday said the financial stability is a public good, and its resilience and robustness need to be preserved and nurtured by all stakeholders.

Delivering the 39th Nani Palkhivala memorial lecture through a virtual platform, he said the central bank has directed its policy efforts to put in place a state-of-the-art national payments infrastructure, ensuring safe, secure, efficient and cost-effective robust payments ecosystem.

The Reserve Bank of India is positioning itself to provide an enabling environment where regulated entities are catalysed to exploit these new avenues while maintaining and preserving financial stability, he said.

The regulated entities on their part need to strengthen their internal defences to identify emerging risks early and manage them effectively, Das added.

'Financial stability is a public good and its resilience and robustness need to be preserved and nurtured by all stakeholders. We need to support economic revival and growth, we need to preserve financial stability,' he said. PTI VIJ BAL BAL