SBI chief warns rapid digital lending can backfire unless trust and governance keep up

Published on 11 May 2026

Platform lending growth is rising faster than safeguards

SBI Chairman C S Setty cautioned that digital finance and platform lending are expanding quickly but may outpace trust, governance, and risk controls. He urged a balance between speed and safety, ensuring inclusion. Setty also said India’s development will require large-scale capital beyond what banks can provide, calling for deeper bond markets and more investor participation.

SBI’s chairman flags risks as digital finance and platform lending accelerate
Trust-based innovation needs stronger governance and safer systems
Banks alone can’t fund India’s goals—bond markets must deepen
Innovation should prioritize inclusion without compromising security

#platform lending #sbi #bond markets #risk management #digital finance

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

SBI chief warns rapid digital lending can backfire unless trust and governance keep up

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