President of India Attends RBI’s 90th Anniversary Closing Ceremony

RBI Has Strengthened India’s Position as a Global Digital Payments Leader: President Murmu

Mumbai, April 1, 2025: The President of India, Smt Droupadi Murmu, graced the closing ceremony of the commemoration of the Reserve Bank of India’s (RBI) 90th anniversary in Mumbai today. Addressing the gathering, she highlighted the crucial role of the central bank in India’s economic journey and its contributions to financial stability and digital innovation.

Reflecting on RBI’s legacy, President Murmu noted that the institution has been at the heart of India’s economic transformation. From its inception before Independence to the present day, RBI has played a pivotal role in steering the nation’s financial landscape, ensuring stability, growth, and resilience. She emphasized that although the common citizen may not interact directly with the RBI, the institution’s policies profoundly influence their financial lives, instilling trust in the banking system.

Praising the RBI for its adaptability, the President underscored its effective responses to major economic challenges, including the liberalization era of the 1990s and the financial disruptions caused by the Covid-19 pandemic. She credited the institution’s resilience in maintaining economic stability amid global uncertainties.

A key highlight of her address was RBI’s leadership in the digital payments revolution. She lauded the central bank’s efforts in modernizing payment infrastructure, which has positioned India as a global frontrunner in digital transactions. She cited innovations like the Unified Payments Interface (UPI) as transformative tools that have enhanced financial accessibility and inclusion, fostering a robust fintech ecosystem.

Looking ahead, President Murmu linked RBI’s role to the national vision of ‘Viksit Bharat 2047,’ calling for an inclusive and innovative financial ecosystem to support India’s growth aspirations. She expressed confidence in RBI’s ability to navigate emerging complexities, safeguard financial trust, and drive economic progress.

As India moves towards its centenary of independence, the President reaffirmed that the RBI will continue to be a pillar of strength, ensuring a stable, forward-looking, and inclusive financial system that propels the nation to new heights of global leadership.

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