MUMBAI, India, Nov. 7 -- Reserve Bank of India issued the following speech:

I am delighted to be here amongst all of you in the SBI Banking and Economics Conclave. I sincerely thank Chairperson, SBI for providing me this opportunity to address the leaders of the banking and finance in the country. This Conclave is happening at a time when we are navigating a world of continued uncertainty, geopolitical realignment, and rapid technological change. This brings not only a host of challenges but also many opportunities.

2. I recall that about a year ago, when I addressed this Conclave in my capacity as Revenue Secretary, I spoke about tax reforms. In my address today, I propose to dwell on the recent regulatory measures the RBI has taken. Ear...