Inaugural address - "FIBAC 2025"

25 August 2025 · Sanjay Malhotra, Governor of the Reserve Bank of India (India)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, trade, fragmentation and geopolitics

25 Aug 2025 · Sanjay Malhotra Wiki · Reserve Bank of India WikiInaugural address - "FIBAC 2025"

ContextInaugural address by Sanjay Malhotra, Governor of the Reserve Bank of India, at the Annual Financial Institution Benchmarking and Calibration (FIBAC) 2025 Conference, organised jointly by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Indian Banks' Association (IBA), Mumbai, 25 August 2025.

Why it mattersIndia's new governor addresses bankers on tariff and commodity risks and announces stronger customer complaint handling.

Problems raised

Tariffs and geopolitics create new challenges.
Food and oil prices can spike.
Customer complaints are not resolved well enough.

Solutions proposed

Keep inflation under control despite shocks.
Chart new frontiers for Indian finance.
Strengthen the internal ombudsman framework.

Read full speech on bis.org ↗

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Preserving financial stability in an evolving world · Sanjay Malhotra (RBI), 3 Oct 2026
Winning in the AI era - the new playbook for Indian banks · Sanjay Malhotra (RBI), 14 Sep 2026
Shaping the next decade of finance - technology, trust and innovation · Sanjay Malhotra (RBI), 10 Sep 2026
Remarks – inauguration of MSME Day 2026 · Sanjay Malhotra (RBI), 22 Jun 2026

Other leaders on inflation and price stability

Carlo Comporti's keynote speech at the 13th Joint ESAs Consumer Protection Day, 4 November 2026 · Carlo Comporti (ESMA), 4 Nov 2026
Savings in a changing society · Fabio Panetta (BdI), 30 Oct 2026
Release of the Monetary Policy Report · Tiff Macklem (BoC), 28 Oct 2026