The Reserve Bank of India (RBI) marked a historic milestone as it celebrated its 90th anniversary in a grand event held in Mumbai. The occasion was graced by esteemed dignitaries, including Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and, RBI Governor Shaktikanta Das. On this occasion, the Prime Minister emphasized the importance of innovation in fostering financial resilience.

Honoring Legacy with a Commemorative Coin

A highlight of the celebration was the unveiling of a special commemorative coin by Prime Minister Modi. Adorned with the iconic RBI emblem and the inscription "RBI@90," the coin symbolizes the institution's enduring legacy and pivotal role in shaping India's financial landscape over the past nine decades.

Pioneering Financial Inclusion and Digital Transformation

In his address, Governor Shaktikanta Das underscored RBI's commitment to enhancing the resilience of the Indian financial sector by embracing digital transformation and fostering financial inclusion. Prime Minister Modi echoed this sentiment, emphasizing the significant strides made by platforms like UPI and stressing the importance of further advancing digital transactions in the years ahead.

Embracing Technological Advancements for Growth

Prime Minister Modi highlighted the transformative potential of emerging technologies such as blockchain, artificial intelligence (AI), and machine learning in driving inclusive and sustainable growth. He urged the RBI to embrace these innovations wholeheartedly to ensure that India's growth trajectory remains swift and inclusive.

A Legacy of Financial Stewardship

Established in 1935, the RBI has played a pivotal role in safeguarding India's financial stability and fostering economic growth. Regulated by the Reserve Bank of India Act, 1934, and guided by the recommendations of the Hilton Young Commission, the RBI continues to be a symbol of financial stewardship and resilience.

Looking Ahead: A Future of Innovation and Inclusion

As the RBI embarks on its journey into the next decade, the focus remains steadfast on harnessing innovation to drive financial inclusion. With a legacy built on principles of integrity, transparency, and adaptability, the RBI stands poised to navigate the ever-evolving landscape of global finance and uphold its commitment to the nation.

The celebration of RBI's 90th anniversary serves as a reminder of the institution's enduring legacy and unwavering commitment. As India strides confidently into the future, guided by the principles of innovation and stewardship, the RBI remains a cornerstone of stability and progress in the dynamic world of finance.