Shubh Labh, Not Just Labh: RBI Tells Banks to Put Trust Before Profits

RBI Deputy Governor Swaminathan J urged banks to prioritise controls, fairness and resilience alongside growth, likening 'Shubh Labh' to legitimate gains. Speaking at the FE Modern BFSI Summit 2026, he said strength enables prosperity and wisdom sustains it, urging institutions to invest in trust, update controls with growth, and pair innovation with sound judgement.