India’s banking ecosystem stands at a critical inflection point. What began as a national mission to expand financial access has now matured into a comprehensive digital transformation. Biometric authentication, real-time payments, and mobile-first platforms define how millions interact with financial services—especially younger, mobile-native demographics.
Yet beneath this momentum lies an equally important imperative: ensuring that scale is underpinned by stability, and that innovation is matched by institutional vigilance.
The Reserve Bank of…