India needs quantum leap in scale, size of financial institutions: RBI Dy Guv Rao

RBI Deputy Governor M Rajeshwar Rao emphasized the need for India's financial institutions to significantly expand to achieve developed nation status by 2047. Speaking at a central bank conference, Rao highlighted the robust history of India's financial system but stressed the necessity for greater scale and robust risk management.

Nov 27, 2024 - 11:30
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India needs quantum leap in scale, size of financial institutions: RBI Dy Guv Rao
RBI Deputy Governor M Rajeshwar Rao emphasized the need for India's financial institutions to significantly expand to achieve developed nation status by 2047. Speaking at a central bank conference, Rao highlighted the robust history of India's financial system but stressed the necessity for greater scale and robust risk management.

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