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India Has Opportunity to Shape Future of Global Finance
India’s central bank governor said the country could help shape the future of finance around the world.
He said trust is very important in financial systems.
India’s fintech industry ranks third globally, according to him.
The country is also home to 30 fintech unicorns, which are privately held companies valued at more than $1 billion.
The Reserve Bank of India and the market regulator plan to tokenize corporate bonds.
Tokenization means representing financial assets digitally.
The central bank is also developing digital infrastructure for new financial services, including the Unified Lending Interface.
Malhotra said fintech companies should protect people’s data and treat it as a responsibility.
The central bank also approved United Fintech Forum as a self-regulatory organization.
Reserve Bank of India Governor Sanjay Malhotra said India could become a trusted partner in shaping global finance.
India’s fintech ecosystem ranks third globally and includes 30 sector unicorns, according to Malhotra.
The Reserve Bank of India and Securities and Exchange Board of India announced plans to tokenize corporate bonds.
Malhotra said fintech companies should treat data as a fiduciary responsibility rather than as a business asset.
The Reserve Bank of India approved United Fintech Forum as the financial sector’s second self-regulatory organization.
- Who
- Reserve Bank of India Governor Sanjay Malhotra, the Reserve Bank of India, Securities and Exchange Board of India, and fintech organizations.
- What
- India was described as having an opportunity to become a trusted partner in shaping global finance; authorities also announced corporate-bond tokenization and approved a new self-regulatory organization.
- Where
- Mumbai, at the Global Fintech Fest 2026.
- When
- September 10, 2026; the corporate-bond tokenization launch was announced for later that day.
- Why
- Malhotra said trust, responsible data use, and digital public infrastructure are important to the future of financial services.
Key facts
- Speaker
- Sanjay Malhotra, Governor of the Reserve Bank of India
- Event
- Global Fintech Fest 2026
- Fintech ranking
- India’s fintech ecosystem ranks third globally, according to Malhotra
- Fintech unicorns
- India is home to 30 fintech unicorns
- New initiative
- The Reserve Bank of India and Securities and Exchange Board of India plan to tokenize corporate bonds
- Digital infrastructure
- The Reserve Bank of India is working on next-generation financial infrastructure, including the Unified Lending Interface
- Self-regulation
- United Fintech Forum was approved as the financial sector’s second self-regulatory organization
Sources
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