Workflow
PSBs should consider shared technology to achieve economies of scale: RBI Dy Guv
MINT·2025-09-30 10:57

New Delhi, Sep 30 (PTI) RBI Deputy Governor Swaminathan J has suggested that public sector banks (PSB) consider using shared technology platforms and jointly develop digital infrastructure to leverage economies of scale and reduce costs. The senior Reserve Bank official further said their boards need sharper tools, such as real-time insights that flag emerging risks or customer concerns. As banks adopt artificial intelligence and data driven systems, assurance must also extend to these new domain. Addres ...