Shaktikanta Das: Inauguration of the Reserve Bank Innovation Hub (RBIH) Inaugural address by Mr Shaktikanta Das, Governor of the Reserve Bank of India, at the Reserve Bank Innovation Hub, Bengaluru, 24 March 2022. * * * 1. Central Banks are often viewed as traditional institutions that set monetary policies, issue currencies and regulate and supervise the financial sector segments and entities.
For every economy to grow steadily and efficiently, this characteristic of a central bank is very important. Being a full service central bank, the RBI also plays a developmental role and is looked upon as a residual regulator as well. 2. RBI has been able to perform its varied roles with required professionalism and pragmatism.