"Just A Trailer...", Says PM Narendra Modi Of The Transformation In RBI In Past 10 Years

Prime Minister Modi praised the Reserve Bank of India's pivotal role in transforming the banking sector and the economy over the past decade at the central bank's 90th anniversary event in Mumbai. He highlighted the significant progress from previous challenges, emphasizing clear policies and decisions contributing to the sector's revival. PM Modi reflected on the state of India's banking sector in 2014, marked by crises and doubts, where public sector banks struggled to support the economy. However, he noted a significant improvement in the present, highlighting the sector's profitability and record-breaking credit provision. He attributed this positive change to clear policies, intentions, and decisions implemented over the past decade.