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RBI Governor
Reserve Bank Governor Sanjay Malhotra on Monday emphasised the importance of maintaining high standards of governance and diligent oversight over asset quality during his meeting with top officials of select Urban Cooperative Banks (UCBs). As part of the Reserve Bank of India's continued engagement with regulated entities, the Governor held a meeting with the Chairpersons and Managing Directors & Chief Executive Officers (MDs & CEOs) of select UCBs. In his remarks, Malhotra highlighted the continued relevance of UCBs in credit delivery particularly to the underserved areas and in expanding financial inclusion, RBI said in a statement. He also briefly touched upon the various policy initiatives that have been undertaken by Reserve Bank relating to the co-operative banking sector since the previous interaction, and exuded confidence that these enablers will help the sector become stronger and grow in a healthy manner. He underscored the importance of maintaining high standards ..
Financial institutions need to imbibe the spirit of regulations, rather than just "tick-box-based compliance culture", Reserve Bank Governor Sanjay Malhotra said on Friday as he pitched for a collaborative approach to curb digital frauds. Addressing the Third Annual Global Conference of the College of Supervisors, the governor said while digital channels help improve inclusion and convenience, without guardrails, they can also facilitate opaque pricing, weak disclosures, and inappropriate recovery practices. Digitalisation, he said, widening access, enhancing efficiency, improving convenience, and enabling far more tailored financial services. At the same time, it is reshaping the nature and scale of risks, accelerating the transmission of disruptions and risks underscoring the need for agility in regulatory and supervisory response. Essentially, the objectives and purposes of the regulator and the regulated are the same -- to ensure long-term growth, advancement, stability, ...
Reserve Bank Governor Sanjay Malhotra on Tuesday met the MD and CEO of public sector banks and select private sector banks here and urged them to pass on the rate cut to support sustainable growth. Since February 2025, the RBI has trimmed the key policy rate by 125 basis points to 5.25 per cent to support growth. India recorded an 8 per cent GDP growth in the first half of the current financial year. During the meeting, the RBI Governor observed that while there has been steady improvement in the health and operations of the banking sector in 2025, banks must avoid complacency and remain vigilant in a dynamic environment, the central bank said in a statement. He noted that the 125 basis points easing, combined with greater use of technology, should translate into lower intermediation costs and higher efficiency, thereby supporting sustainable growth and deeper financial inclusion, it said. Emphasising better customer service, he urged banks to focus on reducing grievances and ...