Inclusion is Innovation’s Highest Purpose: Lessons from India [Address by Shri Swaminathan J, Deputy Governor, Reserve Bank of India at the World Savings and Retail Banking Institute (WSBI) Study Visit to State Bank of India (SBI) under the theme ‘Advancing Financial Inclusion Through Digital Innovation’ on Monday, October 6, 2025] https://www.taxtmi.com/news?id=58919 Financial inclusion is advanced as the guiding objective of digital innovation, measured by the Financial Inclusion Index across Access, Usage, and Quality. India's interoperable public digital layers (India Stack) and payments ecosystem, led by UPI, underpin scaled delivery, while initiatives like the Unified Lending Interface extend inclusion to credit. The Reserve Bank promotes responsible innovation through regulatory sandboxes and the Innovation Hub, and mandates governance, risk management and consumer protection to address data, algorithmic and concentration risks and to sustain trust for meaningful usage. en-us Wed, 15 Oct 2025 17:01:44 +0530 Wed, 15 Oct 2025 17:01:44 +0530 TaxTMI RSS Generator Inclusion is Innovation’s Highest Purpose: Lessons from India [Address by Shri Swaminathan J, Deputy Governor, Reserve Bank of India at the World Savings and Retail Banking Institute (WSBI) Study Visit to State Bank of India (SBI) under the theme ‘Advancing Financial Inclusion Through Digital Innovation’ on Monday, October 6, 2025] https://www.taxtmi.com/news?id=58919 Financial inclusion is advanced as the guiding objective of digital innovation, measured by the Financial Inclusion Index across Access, Usage, and Quality. India's interoperable public digital layers (India Stack) and payments ecosystem, led by UPI, underpin scaled delivery, while initiatives like the Unified Lending Interface extend inclusion to credit. The Reserve Bank promotes responsible innovation through regulatory sandboxes and the Innovation Hub, and mandates governance, risk management and consumer protection to address data, algorithmic and concentration risks and to sustain trust for meaningful usage. News - Wed, 15 Oct 2025 17:01:44 +0530 https://www.taxtmi.com/news?id=58919