Policy must balance innovation with accountability, resilience: RBI Deputy Guv Rohit Jain

RBI Deputy Governor Rohit Jain emphasized the importance of policy in promoting innovation responsibly. He highlighted the need for clear guidelines and opportunities for experimentation to fuel growth. Regulators should engage at the grassroots level to better comprehend emerging technologies. Ultimately, policy should prioritize customer outcomes, ensuring equity and reliability, while making financial services more useful and responsive to individuals' needs.