<h1>Central Bank Governor Highlights Financial Reforms, Cautious Fiscal Policies, and Banking Competition for India's Sustainable Growth.</h1> The speech by the central bank governor at the NCAER highlights financial reforms and macroeconomic stability in India. It reflects on historical lessons from Brazil's economic challenges, emphasizing the importance of cautious fiscal policies to maintain stability. The governor underscores the need for healthy banks to support sustainable growth, advocating for proactive measures to address stressed loans. The speech also discusses fostering competition through new banking entrants, leveraging technology for financial inclusion, and enhancing consumer protection. The central bank aims to position India's financial system for sustainable growth, drawing from past experiences and emphasizing the importance of policy credibility.