Policy should provide room for innovation to grow while ensuring that accountability and resilience grow alongside it, RBI Deputy Governor Rohit Jain said on Wednesday.
The objective of policy, therefore, is to create the conditions in which useful innovation can develop responsibly, he said here at the Global Fintech Fest 2026.
“This requires clear guardrails where the risks are understood, room for experimentation where they are still emerging, and the ability to adapt the framework as technology and its uses evolve. Good policy should give innovation room to grow, while ensuring that accountability and resilience grow with it,” he said.
He also said that policy has to remain informed by what is happening on the ground.
In a rapidly changing environment, regulators cannot understand emerging technologies through returns and supervisory observations alone, he said, adding, regular engagement with financial institutions, fintechs and technology providers helps identify new use case
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