Tuesday 21 November 2023

Governor Shri Shaktikanta Das's address at #FIBAC 2023 is likely to focus on the following key points:

Governor Shri Shaktikanta Das's address at #FIBAC 2023 is likely to focus on the following key points:

1. **Current Economic Scenario:** The Governor is expected to provide an assessment of the current global and Indian economic scenario, highlighting the challenges and opportunities that lie ahead. He may discuss the impact of geopolitical tensions, supply chain disruptions, and rising inflation on the Indian economy.

2. **Monetary Policy Outlook:** The Governor is likely to elaborate on the Reserve Bank of India's (RBI) monetary policy stance and its approach to managing inflation while supporting growth. He may also discuss the RBI's measures to promote financial stability and enhance credit flow to productive sectors.

3. **Financial Inclusion and Digital Payments:** The Governor may emphasize the importance of financial inclusion and digital payments in achieving sustainable and inclusive economic growth. He may discuss the RBI's initiatives to promote financial literacy, expand access to formal financial services, and strengthen the digital payments ecosystem.

4. **Regulatory Framework for Banks and NBFCs:** The Governor is expected to touch upon the regulatory framework for banks and non-banking financial companies (NBFCs). He may discuss the RBI's efforts to strengthen the resilience and risk management capabilities of financial institutions, while also fostering innovation and promoting responsible financial practices.

5. **Global Cooperation and Financial Stability:** The Governor may highlight the importance of global cooperation in addressing economic challenges and maintaining financial stability. He may discuss the RBI's role in international forums and its efforts to promote cross-border regulatory harmonization and collaboration.

In addition to these specific topics, the Governor may also address other relevant issues such as climate change and sustainable finance, corporate governance and ethical practices, and the role of technology in transforming the financial sector.

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