TLDR: Reserve Bank of India (RBI) Governor Shaktikanta Das has stated that the implementation of new digital lending rules has increased investor confidence in the fintech sector. Despite concerns that the regulations would hinder growth, Das emphasized the positive impact of the rules, including the first loss default guarantee guidelines. These regulations aim to balance growth with oversight and have helped prevent crises in the digital lending sector. Das also spoke about the progress of the Indian banking sector in overcoming challenges such as high non-performing assets and the impact of the ILFS crisis and COVID-19 pandemic. He praised the efforts of the RBI and banks in improving capital adequacy, asset quality, and profitability. Das highlighted the importance of timely regulatory changes and the role of the RBI in ensuring financial stability and growth. He concluded by cautioning against complacency and reaffirming the RBI’s commitment to a resilient banking sector.