New Delhi, Oct. 21 -- Banks and other regulated financial institutions remain responsible for risks associated with their operations even when services such as loan sourcing, product distribution and decision-making are outsourced to fintech companies or third-party platforms, Reserve Bank of India (RBI) Deputy Governor Swaminathan J has said.

Addressing the FE Modern BFSI Summit 2026 in Mumbai on October 15, Swaminathan emphasised that outsourcing financial activities does not transfer regulatory accountability away from the institution.

"A loan may be sourced through a fintech, a product distributed through an external platform, or a decision supported by a third-party model. The process may be outsourced, but the responsibility assoc...