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    <title>Financial Sector as an Enabler for Developed India (Keynote Address by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India - March 22, 2023 - at the 31st Annual Management Convention of Thrissur Management Association)</title>
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    <description>The Reserve Bank implemented liquidity operations, rate reductions and temporary prudential reliefs to preserve financial stability and sustain credit flows during the pandemic, complemented by fiscal measures. Attention then shifted to recalibrating support amid global inflation and tighter monetary conditions while reinforcing bank capital buffers, governance and risk management. Concurrently, accelerated digitalisation-including public digital infrastructure, digital lending and the Account Aggregator framework-was promoted to deepen financial inclusion, alongside a consultative, principle based regulatory approach balancing innovation with consumer protection.</description>
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