PTI mumbai

RBI Governor Sanjay Malhotra on Tuesday underscored the central bank's commitment to bolstering consumer protection, while optimising regulatory frameworks, to strike a balance between financial stability and efficiency.

He said, "as we mark this milestone, we recognize that the RBI's role has expanded significantly beyond initial mandate. Today, we stand at the confluence of tradition and transformation, where the imperatives of price stability, financial stability and economic growth intersect with rapid technological advancements, global uncertainties, challenges of climate change and increasing public expectations." RBI remains committed to expanding and deepening financial inclusion, he said.

"We shall strive to foster a culture of continuous improvement in customer services and strengthening consumer protection. It will be our endeavor to optimize our regulatory frameworks by balancing the interests of financial stability and efficiency. We will continue to support technology and innovation. We shall remain vigilant, adaptive and forward looking," he said.