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:
Subscribe to our channels on YouTube & Telegram
Why news media is in crisis & How you can fix it
India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.
But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.
ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.