Economy
RBI deputy governor calls technology and AI pillars of banking resilience
What happened
Speaking on September 24, 2026, RBI Deputy Governor Rohit Jain said banks must treat technology architecture as a core risk, not merely an IT concern. He cited UPI’s 24.9 billion transactions worth approximately ₹30.15 lakh crore in August 2026.
Why it matters
For banks, this could mean greater focus on cybersecurity, system recovery, third-party dependencies and governance as digital volumes grow. Jain said technology failures can restrict access to essential financial services and potentially affect customers, counterparties and the wider system.
Source: RBI Speeches