Mumbai, India, February 21, 2025: The Reserve Bank of India (RBI) Deputy Governor has stressed the importance of investing in digital infrastructure to keep financial institutions competitive. Speaking at a financial summit, he highlighted how rapid technological advancements, evolving customer expectations, and fintech competition are reshaping the banking sector. He urged banks to adopt advanced digital solutions, enhance cybersecurity, and streamline operations to sustain growth and efficiency.
The Deputy Governor also emphasized that digital transformation is key to improving financial inclusion and expanding banking access across India. He encouraged institutions to leverage technologies like artificial intelligence, blockchain, and cloud computing while fostering collaboration between regulators, banks, and fintech firms to build a future-ready digital financial ecosystem.
