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The Economic Times

Economy / The Economic Times

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Supervision must look beyond formal compliance, says RBI Deputy Guv Swaminathan J

RBI Deputy Governor Swaminathan J. warns that weak oversight in banking can lead to hidden risks. He stresses that supervision must go beyond reported numbers to understand actual business operations. This approach is crucial for protecting depositors and the wider economy. Digital banking brings new challenges requiring judgment and a sense of public purpose.

4 May 2026 5:20 pm