Speaking at the Axis Champions Awards held at Axis House in Mumbai, the Deputy Governor said that while banks often celebrate performance, true institutional strength lies in how results are achieved.
He warned that weak governance could amplify vulnerabilities during market stress or liquidity shocks.
Swaminathan J cautioned against the risk to operational stability and resilience, necessitating ongoing investments in IT systems and technology to manage peak loads effectively.
In a speech at the Conference of ARCs, the Deputy Governor said, “Effective functioning of the Board requires several elements, including competent leadership, committed directors with diverse expertise, independence, clarity in roles and responsibilities, and diligence.
