Overview
- Governor Sanjay Malhotra called for off‑site, data‑driven surveillance using CIMS, DAKSH and the SDQI, with deeper use of SupTech and AI tools under clear human accountability.
- Deputy Governor Swaminathan J warned that growth, misinformation and liquidity stress can emerge within hours, pressing banks to maintain year‑round discipline and faster incident escalation.
- The RBI stressed ecosystem‑level mapping of dependencies on common cloud, payments and data providers, with cross‑supervisor cooperation and accountability staying with regulated entities even when work is outsourced.
- Supervisors highlighted stronger governance of data, models and AI, seeking explainability, fairness and clear ownership of outcomes when algorithms drive decisions.
- Policy signals favor corrective engagement over immediate penalties, with a focus on customer protection, counter‑fraud collaboration through shared analytics and capacity building across regulators and industry.