Positive impactEconomy
Banks need to recognise tech risk as 1st-order enterprise risk: RBI Dy Guv Jain
BusinessLine 1 hr ago·24 Sept 2026, 2:23 pm
Reserve Bank of India Deputy Governor Swaminathan Jain has emphasized that technology is no longer just a support function for banks but a critical operational pillar. He urged financial institutions to treat cyber and tech risks as a primary, first-order enterprise concern, comparable to credit or market risks.
This shift in regulatory focus signals that the safety of digital banking systems is now a top priority. For investors, this highlights the growing importance of a bank's digital infrastructure and its ability to withstand cyber threats. It suggests that banks with robust, secure technology frameworks may be better positioned to navigate future regulatory changes and maintain operational stability.
Going forward, investors should monitor how banks are upgrading their digital defenses and reporting on their tech risk management strategies. The ability to secure customer data and maintain uninterrupted services will likely become a key differentiator in the sector.
Excerpt from BusinessLine
Banks need to recognise technology risk, and more specifically technology architecture risk, as a first-order enterprise risk, comparable in importance to traditional balance-sheet risks, said Rohit Jain, Deputy Governor, Reserve Bank of India. “As technology transforms banking, the risk landscape is evolving just as…Read the original at BusinessLine
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