New Delhi: Describing financial stability as a ‘public good’, RBI Governor Shaktikanta Das on Saturday stressed the need to preserve and nurture its resilience and robustness 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.
“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.
Read the full text of his speech here:
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