N.R. Narayan Murthy, the visionary behind Infosys, commended the RBI’s masterstroke in positioning UPI as a public good during a Bengaluru symposium. ‘RBI has been an enabler par excellence—progressive, open-handed, and farsighted—delivering low-cost, ubiquitous UPI that commands public faith,’ he declared.
This strategic move has made digital transactions a household reality, inclusive of all classes, solidifying trust in India’s financial ecosystem. At the IIM Bengaluru forum, Murthy unpacked the ethos driving digital payment leaps: unwavering values and decisive governance.
Leaders must embody consistency between rhetoric and reality to build value-driven entities, he advised. ‘Deeds define values, not declarations. Ethical frameworks, rigor, stellar leadership, and humane capitalism are the engines of societal upliftment.’
He called for richer chronicles of India’s institutions—detailing trials, leadership gaps, collaborative tensions, and tech innovations—to preserve ‘institutional memory’ crucial for evolution. Murthy’s mantra: public, inexpensive code averts dominance and nurtures ingenuity.
Innovation demands elite leaders on firm pedestals. To aspiring leaders among students, he recommended austere living over showmanship, embracing sensitive capitalism to fuel enterprise and steer the country ahead.