Mumbai, Dec. 9 -- Reserve Bank of India Governor Sanjay Malhotra met the Managing Directors and Chief Executive Officers of Public Sector Banks and select Private Sector Banks in Mumbai today. These interactions form part of the Reserve Bank's ongoing engagement with the senior management of regulated entities; the previous such meeting was held on January 27, 2025. The Governor observed that while there has been steady improvement in the health and operations of the banking sector in 2025, banks must avoid complacency and remain vigilant in a dynamic environment. He noted that the 125 basis points easing, combined with greater use of technology, should translate into lower intermediation costs and higher efficiency, thereby supporting su...