RBI deputy governor Rao calls for expansion of financial institutions to achieve developed nation status by 2047

Speaking at ‘High-Level Policy Conference of Central Banks in the Global South’ organised by the Reserve Bank of India as a part of commemoration of its 90th year last week, RBI Deputy Governor M Rajeshwar Rao said, “The goals we have for our nation require us to take a quantum leap in the scale and size of the financial institutions.”