# Rbi Deputy Governor: Friction in Finance Is Not Inefficiency

https://www.business-standard.com/industry/banking/not-every-friction-in-finance-is-inefficiency-says-rbi-dg-swaminathan-126102101269_1.html

RBI deputy governor Swaminathan J explains that financial friction includes checks and balances. These help reduce fraud and errors. Financial institutions must maintain strong controls amid technological changes.

Image: https://bsmedia.business-standard.com/_media/bs/img/hp/home-page/2026-10/21/9343/full/1780507393-5883.jpg

#finance #rbi #controls #technology

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Created: 2026-10-26T03:42:43.032363+00:00

Last edited: 2026-10-26T03:42:43.032363+00:00

Board: 3

Origin: Syndicated

Original source: https://www.business-standard.com/industry/banking/not-every-friction-in-finance-is-inefficiency-says-rbi-dg-swaminathan-126102101269_1.html