RBI Governor Sanjay Malhotra Urges States to Ensure Quality Spending, Prudent Borrowing

RBI Governor urges States to onboard onto ULI, utilise Programmable CBDC for Direct Benefit Transfers

RBI Governor Sanjay Malhotra urged states to adopt UPI-linked lending, leverage CBDC for direct transfers, and strengthen fiscal health nationwide

RBI Governor Stresses Expenditure Quality, Prudent Borrowing at 36th Conference of State Finance Secretaries

Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) on Tuesday convened the 36th Conference of State Finance Secretaries in Mumbai, focusing on structural fiscal health, prudent market borrowings, and modern financial mechanisms across state administrations. Business News | RBI Governor Stresses Expenditure Quality, Prudent Borrowing at 36th Conference of State Finance Secretaries.

RBI Governor Sanjay Malhotra urges states to ensure quality spending, prudent borrowing

Addressing the 36th conference of state finance secretaries at the Mint Road, Malhotra appealed the states to onboard onto the Unified Lending Interface (ULI) and utilise Programmable Central Bank Digital Currency (P-CBDC) for Direct Benefit Transfers (DBT).

RBI Governor urges states to use ULI, programmable CBDC for direct benefit transfers

Governor Malhotra also called for prudent borrowing, efficient cash management and better use of the State Level Bankers’ Committee forum at the 36th Conference of State Finance Secretaries.