Rabi N. Mishra

Rabi N. Mishra

Dr. Mishra is former Executive Director of RBI and the Founder Director of its College of Supervisors. He is currently RBI Chair Professor at Gokhale Institute of Politics and Economics.

When the Culture Turns: Supervising the Risks That Hide in Plain Sight 

Culture shapes how risk is lived, not just managed. Supervisors who ignore it miss the deepest root cause of institutional failure and misconduct.

Rabi N. Mishra

April 2, 2026 at 10:14 AM IST

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Board Independence in India is Largely a Managed Illusion

Indian boards have mastered the form of independence without hollowing out its substance. Unless dissent is enabled, accountability stays performative.

Rabi N. Mishra

Srinath Sridharan

March 30, 2026 at 5:59 AM IST

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When Innovation Runs Ahead, Supervision Must Catch Up Fast

RBI is pioneering SupTech to keep pace with FinTech's rapid growth, but regulators worldwide must close the innovation gap before it becomes a chasm.

Rabi N. Mishra

March 24, 2026 at 5:46 AM IST

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Why Cultural Capture Demands a Rethink of Regulatory Basics

Episodes of failure do not always occur because of individual misconduct within an institution. A subconscious, gradual drift away from well-established standards and principles may hasten a race to the bottom as well.

Rabi N. Mishra

September 8, 2025 at 3:15 PM IST

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Why History Keeps Rhyming: The Return of Light-Touch Regulation

Central Banking

Almost two decades after the 2008 crisis, calls to ease financial regulation grow louder, risking return to the same policy mistakes that once shook the global system.

Rabi N. Mishra

August 5, 2025 at 9:04 AM IST

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Navigating Supervisory Challenges, Without Missing The Woods For The Trees

As financial risks evolve, supervision must move beyond checklists to build true resilience by focusing on governance, early signals, and immunity within institutions.

Rabi N. Mishra

July 8, 2025 at 2:19 AM IST

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One Step Ahead? How India’s Supervisory Model Measures Up

India’s supervisory reforms offer a contrast to global delays, but resilience also depends on acknowledging what supervision cannot prevent.

Rabi N. Mishra

June 14, 2025 at 6:20 AM IST

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Stripping ‘M’ From CAMELS Undermines Risk Oversight In Banks 

Removing “M” from the CAMELS rating in the name of objectivity risks blinding bank supervisors to governance and cultural breakdowns.

Rabi N. Mishra

June 4, 2025 at 11:51 AM IST

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