Mumbai, Nov. 10 -- India's experience in digitisation shows that countries that harness technology with foresight and responsibility will not only adapt to change but shape it, T Rabi Sankar, Deputy Governor, Reserve Bank of India, said.

Speaking at the 12th SBI Banking & Economics Conclave - 2025 in Mumbai on November 7, excerpts of the speech were released today. He delved into a theme that resonates in the current era of disruptions and rapid change: the role of technology in banking.

Every aspect of finance, from payments and credit to savings, investments, regulation and supervision, is already being redefined through technology, he said.

"With powerful technologies like artificial intelligence (AI) and quantum computing already u...