<h1>RBI's 90-Year Journey: From 1949 Banking Act to Digital Payments and Climate Risks, Balancing Growth and Stability.</h1> The Deputy Governor of the Reserve Bank of India (RBI) addressed a conference marking RBI's 90th anniversary, highlighting its regulatory evolution since the Banking Regulation Act of 1949. The RBI has navigated challenges from bank failures in the 1930s to financial sector reforms in the 1990s, fostering financial inclusion and digital payment growth. It now faces emerging risks from climate change, technology, and the non-banking sector. The RBI's broad mandate spans monetary policy, regulation, and financial inclusion, aiming to support India's development aspirations while ensuring financial stability and innovation.