RBI Governor Malhotra Advises States To Adopt Prudent Borrowing

RBI Governor Sanjay Malhotra advised State governments on Tuesday to adopt prudent borrowing strategies and maintain quality expenditure to ensure long-term fiscal health.

Addressing the 36th Conference of State Finance Secretaries in Mumbai, the governor urged states to make effective use of the State Level Bankers’ Committee forum.

Mr. Malhotra also released a compendium on cash and debt management and encouraged states to adopt the Unified Lending Interface and Programmable Central Bank Digital Currency for direct benefits.