Mumbai, Jan. 12 -- The Reserve Bank of India (RBI) has cautioned that rapid digitalisation of banking is reshaping financial risks, requiring supervisors and banks to fundamentally rethink how stability, governance and customer protection are ensured.

Speaking at the Third Annual Global Conference of the College of Supervisors in Mumbai, RBI Deputy Governor Swaminathan J said that traditional indicators such as capital adequacy and liquidity are no longer sufficient to assess the health of banks in a technology-driven environment.

"Many jurisdictions are navigating similar challenges: rapid digitalisation, first-time customers, platform-based delivery, and fast-changing threat landscapes. Sharing practical experience on what works and w...