2020欧联杯预测

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2020欧联杯预测

Last Updated : Feb 12, 2020 01:34 PM IST | Source: PTI

RBI's enhanced role to deter malpractices, add credibility to financial system: President Kovind

He said recently the role of RBI as regulator has been enhanced, and "We trust that this will deter malpractices and make our financial system more credible".

PTI

2020欧联杯预测President Ram Nath Kovind on Wednesday said the Reserve Bank's enhanced regulatory role will deter malpractices and make the nation's financial system more credible.

"Regulatory oversight of the RBI has also brought greater stability of banking operations," the president said in his address at the golden jubilee celebration of the National Institute of Bank Management (NIBM) here.

He said recently the role of RBI as regulator has been enhanced, and "We trust that this will deter malpractices and make our financial system more credible".

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Banks are fulcrum of the country's economic ecosystem, and have played a sterling role in fuelling India's growth over the years, he stated.

Through financial inclusion, we have taken rapid strides to cover the un-banked population, and the increase of deposit insurance from Rs 1 lakh to Rs 5 lakh is a positive step in assuring our savers, he added.

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First Published on Feb 12, 2020 01:15 pm
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