RBI Governor Sanjay Malhotra flags need for 'prudent borrowing' as states face fiscal management challenges
RBI Governor Sanjay Malhotra emphasized prudent borrowing during the 36th Conference of State Finance Secretaries in Mumbai. He highlighted the need for disciplined borrowing strategies and quality expenditure to ensure fiscal sustainability for states. The RBI also urged states to adopt digital financial platforms, including the Unified Lending Interface, to enhance financial management.