Key Points
New Delhi:PM Modi addressed the opening ceremony of RBI@90, a program marking 90 years of the Reserve Bank of India, in Mumbai, Maharashtra today..
The Reserve Bank of India (RBI) commenced its operations on the 1st of April in 1935 and enters its 90th year today...
Emphasizing the importance of coordination of monetary and fiscal policies in the GDP and the economy of the country, the Prime Minister recalled the 80-year celebration of RBI in 2014 and remembered the challenges and problems like NPA and stability faced by the banking system of the country at that time...
In the last 10 years, the Prime Minister said that the government has highlighted the connection between the central banks, banking systems and beneficiaries at the last queue and gave the example of financial inclusion of the poor...
The Prime Minister also touched upon the work being done on Central Bank Digital Currency and said that the transformations of the past 10 years have enabled the creation of a new banking system, economy and currency experience..
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