RBI Dy Governor Shirish Chandra Murmu warns digitalisation is compressing regulatory response time

India’s central bank has warned that rapid digitalisation is shrinking the time regulators have to spot and respond to financial risks, calling for more agile and proactive oversight to protect stability. Speaking at a global supervisors’ conference, RBI Deputy Governor Shirish Chandra Murmu said fast-evolving technologies are outpacing traditional regulatory processes, while digital platforms are blurring regulatory boundaries and fragmenting oversight.