Technological capabilities have become strategic differentiators for banks says RBI Deputy Governor
However, every tool comes with responsibility, Swaminathan, speaking at the 109th Foundation Day of the Karur Vysya Bank, noted. The speed and scale of digital adoption must be matched by equally strong investments in cybersecurity, data governance, and ethical safeguards. Recent global and domestic experiences have shown that technology gaps, if not addressed in time, can become points of systemic vulnerability.
He further stated that for banks looking to scale up responsibly, tools must be modern, agile, and continuously evolving. More importantly, they must be well-governed. Technology must never outrun the organisation's capacity to manage it. Directors and senior management must lead this conversation, ensuring that risk, compliance, and internal audit functions have the resources and visibility needed to keep pace.
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Indian Express
an hour ago
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