Overview
- Governor Sanjay Malhotra said the regulator and regulated entities are partners tasked with safeguarding long‑term growth, stability, integrity and credibility of the financial system.
- He urged banks and other institutions to collaborate on shared analytics and tools to detect mule accounts and suspicious transactions early and pre‑emptively.
- RBI plans to move supervision off‑site and as near real‑time as possible by deploying SupTech and AI tools while retaining human judgment and accountability.
- Malhotra pressed firms to imbibe the spirit of regulation rather than rely on tick‑box compliance to ensure digital innovation delivers fair outcomes for consumers.
- He described enforcement as a backstop used as a last resort, with supervision aimed at fostering self‑correction and clarifying acceptable standards of conduct.