The critical function of the Reserve Bank of India (RBI) is to act as a stabilizer for the Indian economy, managing conflicts and ensuring stability through various phases, including financial crises and the pandemic. It credited RBI's foresight for the success of UPI and underscored the need for more innovation to meet growing credit demands and financial inclusion. It called for maintaining trust in RBI's regulatory measures, emphasizing that these are essential for long-term economic stability and progress, urging new market players to engage in dialogue rather than quick growth.
