Regulators must balance innovation and stability, says RBI deputy governor M. Rajeshwar

New technologies, Rao said, have improved ease of doing business and lowered operational costs, but they also bring complex regulatory issues like the unpredictable nature of tech-driven business models, questions around data privacy and control, and what he called ‘the AI conundrum’.

​New technologies, Rao said, have improved ease of doing business and lowered operational costs, but they also bring complex regulatory issues like the unpredictable nature of tech-driven business models, questions around data privacy and control, and what he called ‘the AI conundrum’.