RBI deputy governor Shirish Chandra Murmu highlighted extending digital payment success to credit and insurance. Technology must expand formal credit access for underserved borrowers, he stated. Algorithms should not replace human accountability for financial decisions made by lenders. Regulated entities remain responsible for services delivered under their names.

RBI Governor highlights FinTech's role in bridging India's MSME credit gap, enhancing financial inclusion and efficiency across the nation.

RBI Governor Sanjay Malhotra said fintech has fundamentally reshaped Indian finance, taking banking “from the branch to the hand of every citizen”. Highlighting UPI,…