Speakers
Swaminathan Janakiraman
Deputy Governor
Reserve Bank of India
Mr. Swaminathan J, was appointed as the Deputy Governor of the Reserve Bank of India in June 2023 where his responsibilities include Supervision; Financial Inclusion and Development; Consumer Education and Protection; Deposit Insurance; and Human Resources Management, among others.
Mr. Swaminathan is a career banker from State Bank of India (SBI), which is India’s largest bank. In an illustrious career with SBI spanning over 34 years, Mr Swaminathan has held, both in India and overseas, various assignments across Corporate and International Banking, Retail and Digital Banking, Finance and Assurance functions.
As Managing Director of SBI, Mr. Swaminathan oversaw the large corporate and commercial credit business of the bank along with its Non-Banking Subsidiaries. He was also in charge of the stressed assets management vertical, Risk management functions and Regulatory compliance. He has served as SBI’s nominee on the Boards of various organisations. He was also specially nominated for chairing the Advisory Group to the Regulations Review Authority (RRA 2.0) of the Reserve Bank of India (2021-22), which was entrusted with the review of the regulatory prescriptions in order to streamline them, reduce compliance burden of the regulated entities by simplifying procedures, and reduce reporting requirements, wherever possible.
As a commercial banker, Mr. Swaminathan has also handled the Balance Sheet Management, Planning and Budgeting functions as well as Investor Relations. He has overseen Digital & Transaction Banking verticals of the bank along with taking care of the Retail Banking business. One of the other major charges for him included spearheading the financial inclusion initiatives of the banking community.
Mr Swaminathan has an Executive MBA from the National Institute of Business Management. He is a Certified Associate of Indian Institute of Bankers (CAIIB), Certified Documentary Credit Specialist (CDCS) and Certified Anti-Money Laundering Specialist (CAMS).
Speaking at SFF 2026
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11:10–11:55amFri 20 NovFestival StageHall 1, Singapore EXPOPremium
Policy Rewiring
A Multi-Rail Future: What Should Come First?
Festival StageHall 1, Singapore EXPOPremium
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H.E. Chea SereyGovernorNational Bank of Cambodia
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Piero CipolloneMember of the Executive BoardEuropean Central Bank
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H.E. Sheikh Ahmed bin Khalid Al-ThaniDeputy GovernorQatar Central Bank
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Leong Sing ChiongDeputy Managing Director, Markets & DevelopmentMonetary Authority of Singapore
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Swaminathan JanakiramanDeputy GovernorReserve Bank of India
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Maha El DimachkiChief Executive Officer, GFTN SolutionsGlobal Finance & Technology Network (GFTN)Moderator
About this session
We are moving towards a multi-rail, multi-money world, where different forms of money and payment systems coexist. Interoperability matters, but so do the integrity and resilience of the financial system. How can policymakers advance these priorities together, and are there trade-offs to be made?
This session examines what it will take to build a trusted multi-rail financial system, and whether interoperability, inclusion, consumer protection and resilience can advance together — or whether some priorities must come first. With financial systems developing at different speeds across markets, the discussion asks where policymakers should focus their efforts today to deliver the greatest benefits for users and businesses. -

