Regulatory framework in India completely in sync with time, says KV Kamath

India’s strength lies in its momentum, said KV Kamath

Jio Financial Services chairman KV Kamath on October 8 said that the regulatory framework in India is completely in sync with time.

“In a regulatory context, the entire regulatory framework in India has been completely in sync with the times,” Kamath said during an interaction at Global Fintech Fest 2025 in Mumbai.

The veteran banker noted that India’s openness to experimentation through mechanisms such as regulatory sandboxes and the RBI’s framework for responsible AI has enabled a thriving environment for fintech innovation and technology adoption.

“The sandbox was a path-breaking initiative, and the RBI has continued to build on it. Regulators today allow banks to fully utilise their capital and funding profiles to maintain a healthy equilibrium,” he said.

Comparing India’s regulatory readiness with global peers, Kamath said that the country now stands among the world’s most adaptive jurisdictions.

“We are ahead of the curve compared to most regulators, except few, who were early movers in digital regulation. But today, India is certainly at par with two or three of the most advanced countries in this regard.”

He added that India’s strength lies in its momentum, a steady 7 percent growth rate that provides the base for innovation and enterprise. “As long as you have a supportive environment, technology adoption will happen naturally,” he said.

Further, on the foreign capital front, he added that instead of foreign capital coming in we are seeing global companies list in India and take that route. We have not been an economy driven by foreign capital.

“Foreign capital will not be the foundation on which India will grow. I’m not so worried about it,” Kamath added.