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Inauguration of the Reserve Bank Innovation Hub (RBIH)

· Shaktikanta Das, Governor of the Reserve Bank of India (India)

Summary written by Dark Majestic in its own words · topics: growth, investment and productivity

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· Shaktikanta Das Wiki · Reserve Bank of India WikiInauguration of the Reserve Bank Innovation Hub (RBIH)

ContextInaugural address by Shaktikanta Das, Governor of the Reserve Bank of India, at the Reserve Bank Innovation Hub, Bengaluru, 24 March 2022.

Why it mattersDas opens a hub to incubate start-ups serving people left out of finance.

Problems raised
  1. Central banks are seen as traditional.
  2. Innovation is needed in finance.
  3. Inclusive growth requires new ideas.
Solutions proposed
  1. Launch the Reserve Bank Innovation Hub.
  2. Establish an incubation centre.
  3. Promote openness of ideas.
Read full speech on bis.org ↗

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