Archive · 28 Jul 2026
RBI Deputy Governor Advocates Deeper Financial Markets
Rohit Jain, the Deputy Governor of the Reserve Bank of India, recently spoke at a conference in Mumbai.
He said that India needs to build stronger financial markets before the economy becomes fully developed.
He explained that this means creating deeper, broader, and more resilient markets, not just bigger ones.
Jain believes that India's traditional bank-led financing model has been good, but it's not enough for the future.
The country needs more market-based finance, like government and corporate bonds, to support long-term investments in infrastructure, manufacturing, and technology.
He also mentioned that well-functioning financial markets can help connect savings with investment needs.
Deeper markets can make it easier for businesses to get capital and manage risks.
Overall, Jain is pushing for financial market development to support India's economic growth.
RBI Deputy Governor Rohit Jain advocates for deeper, broader, and more resilient financial markets.
India's traditional bank-led financing model needs to be complemented by market-based finance.
Long-term capital requirements necessitate stronger market-based finance for infrastructure and technology.
Well-functioning financial markets can connect long-term savings with investment needs.
Deeper markets can improve capital access and risk distribution across the economy.
- Who
- Rohit Jain, Deputy Governor, RBI
- What
- Advocated for deeper, broader, and more resilient financial markets
- When
- July 28, 2026
- Where
- Mumbai
- Why
- To meet the financing needs of a developed economy and connect long-term savings with investment needs
Pro-Market Development
Traditional Banking Focus
Financing Model
Pro-Market Development
Advocates for a stronger market-based finance model to complement bank financing.
Traditional Banking Focus
Supports the traditional bank-led financing model that has served the economy well.
Market Development
Pro-Market Development
Emphasizes the need for deeper, broader, and more resilient financial markets.
Traditional Banking Focus
May prioritize maintaining the current banking system without significant market reforms.
- Speaker
- Rohit Jain, Deputy Governor, RBI
- Event
- Financial Institutions Leadership Conference
- Location
- Mumbai
- Date
- July 28, 2026
- Key Focus
- Deeper, broader, and more resilient financial markets
- Required Markets
- Government and corporate bond markets, foreign exchange and derivative markets
- Objective
- To connect long-term savings with long-term investment needs