Mumbai, Nov. 11 -- T Rabi Sankar, Deputy Governor, Reserve Bank of India, has highlighted the impact of transformational technologies on banking sector in a latest speech. He noted that every aspect of finance, from payments and credit to savings, investments, regulation and supervision, is already being redefined through technology. With powerful technologies like artificial intelligence (AI) and quantum computing already under way, our challenge is how to embrace them with wisdom and purpose, and ensure that technological evolution is secure, inclusive, resilient, and future-ready.

Sankar stated that India's experience in digitisation shows that countries who harness technology with foresight and responsibility will not only adapt to c...