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RBI official urges stronger corporate governance to reduce regulatory gaps amid digital growth.
RBI Deputy Governor Swaminathan J said strong governance intent can reduce regulatory gaps and overlaps, especially as businesses grow and digitize.
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.
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.
While some overlap can act as a safety net, conflicting rules and duplicated compliance are avoidable burdens that hinder innovation.
Funcionario del RBI insta a una gobernanza corporativa más fuerte para reducir las brechas regulatorias en medio del crecimiento digital.