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flag RBI official urges stronger corporate governance to reduce regulatory gaps amid digital growth.

flag RBI Deputy Governor Swaminathan J said strong governance intent can reduce regulatory gaps and overlaps, especially as businesses grow and digitize. flag Speaking at a Mumbai summit on November 11, 2025, he urged boards to focus on outcomes, ensure true independence of control functions, and conduct meaningful gap analyses with real fixes. flag He warned weak defenses reflect board failure, not staffing, and called for regulators to balance entity- and activity-based oversight, apply proportionality, and shift toward outcome-based regulation suited to market maturity. flag While some overlap can act as a safety net, conflicting rules and duplicated compliance are avoidable burdens that hinder innovation.

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