{"id":899634,"date":"2025-01-25T08:08:15","date_gmt":"2025-01-25T02:38:15","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=899634"},"modified":"2025-01-25T08:10:53","modified_gmt":"2025-01-25T02:40:53","slug":"banks-must-collaborate-not-compete-on-technology-front-rbi-dg-rabi-sankar","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/01\/25\/banks-must-collaborate-not-compete-on-technology-front-rbi-dg-rabi-sankar\/","title":{"rendered":"Banks must collaborate, not compete on technology front: RBI DG Rabi Sankar"},"content":{"rendered":"<p>There is a need to elevate initiatives and technology to a higher level by fostering collaboration across the banking sector, said Reserve Bank of India (RBI) Deputy Governor (DG) T Rabi Sankar on Friday. Speaking at Indian Banks&#8217; Association&#8217;s (IBA&#8217;s) 20th Annual Banking Technology Conference, Expo and Citations, he stated that this collaboration should not be competitive but rather a collective effort to ensure the sector is prepared for any technological challenges. The RBI DG emphasised the importance of a balanced, structured arrangement where both the central bank and the banking system can easily exchange help and suggestions to adapt to new technologies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is a need to elevate initiatives and technology to a higher level by fostering collaboration across the banking sector, said Reserve Bank of India (RBI) Deputy Governor (DG) T Rabi Sankar on Friday. Speaking at Indian Banks&#8217; Association&#8217;s (IBA&#8217;s) 20th Annual Banking Technology Conference, Expo and Citations, he stated that this collaboration should not be competitive but rather a collective effort to ensure the sector is prepared for any technological challenges. The RBI DG emphasised the importance of a balanced, structured arrangement where both the central bank and the banking system can easily exchange help and suggestions to adapt [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-899634","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/899634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=899634"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/899634\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=899634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=899634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=899634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}