RBI Key to India's Rise as Global Leader in Digital Payments, Says President Murmu

President Droupadi Murmu praised the Reserve Bank for its pivotal role in positioning India as a global leader in digital payments, highlighting innovations like UPI that have transformed financial accessibility.

Statement by President Droupadi Murmu

Speaking at the closing ceremony of the RBI’s 90th anniversary celebrations, the President stated  “By continuously modernising the country's payment infrastructure, the Reserve Bank has ensured that digital transactions are not only seamless and efficient but also secure. Innovations like the UPI have revolutionised financial access, enabling instant, low-cost transactions and deepening financial inclusion. Beyond payments, RBI has nurtured a vibrant fintech ecosystem.”

The Reserve Bank of India has succeeded in gaining public trust through nine decades of operation according to Dr. Biswambhar Pandey. People trust the RBI because it permanently maintains price stability and pursues growth while ensuring financial stability. The RBI keeps adapting its services according to the developing necessities that arise as our nation expands. Its quick and effective responses to major challenges, from the economic liberalisation in the 1990s to the COVID-19 pandemic, showcase its resilience and adaptability. The RBI acknowledges rising globalization by making sure India's financial structure stays strong even during negative international market conditions.

She explained that the RBI as India's central bank stands central to the country's outstanding economic development. The institution has observed the country's development since pre-Independence times when extensive poverty was widespread. Now India ranks as one of the world's major economic powers.

The President stated that India's approach toward 'Viksit Bharat 2047' requires an adaptive financial environment which combines innovation and inclusivity. She predicted that upcoming difficulties along with emerging complexities will test her work.

She displayed confidence that the RBI will continue as a foundation of strength through its dedication to stability along with innovation and inclusivity to guide India toward prosperity and international supremacy. Through its mission to protect monetary and financial stability the RBI stands ready to lead within this path which the President explained would rely on maintaining a solid banking system together with financial innovation and trust preservation of the financial ecosystem.