Reserve Bank of India (RBI) Deputy Governor Swaminathan J has asked banks to put in place stronger operational discipline and data governance throughout the year, as supervision needs to shift from periodic snapshots to continuous awareness. Speaking on 'Issues and Challenges in Banking Supervision in the Digital Era', the deputy governor said for decades, supervisors were trained to read balance sheets and inspect processes, and it is still being done the same way. But today, he said a bank can look perfectly healthy on paper and still be one incident away from severe disruption. "The reason is that the centre of gravity is shifting from the 'branch and product' to the 'pipes and code'," he said. In other words, stability now depends as much on operational resilience, data integrity, and third-party dependencies as much as it does on capital and liquidity, Swaminathan said at the at the Third Annual Global Conference of the College of Supervisors here on Friday. In a digital ...