MUMBAI, India, Sept. 3 -- Reserve Bank of India issued the following speech:
Distinguished guests, leaders from the financial industry, esteemed colleagues from the regulatory fraternity, ladies and gentlemen, very good morning.
2. It is my privilege to address the 7th Edition of the NBFC & HFC Summit. I thank the organisers for inviting me to speak on "NBFCs, HFCs and the New Phase of Growth." Fewer subjects matter as much to India's growth over the next decades as this one. India is moving steadily towards Viksit Bharat - a developed India that is economically strong, socially inclusive, and technologically advanced. I believe that a strong and diverse credit system is essential to this goal. Our financial sector is changing fast, drive...