AN ANALYTICAL STUDY OF THE INTERPLAY BETWEEN BANKING LAWS AND TECHNOLOGY IN LIGHT OF CORPORATE GOVERNANCE

AUTHOR – MAYANK BHARDWAJ, STUDENT AT AMITY LAW SCHOOL, NOIDA

BEST CITATION – MAYANK BHARDWAJ, AN ANALYTICAL STUDY OF THE INTERPLAY BETWEEN BANKING LAWS AND TECHNOLOGY IN LIGHT OF CORPORATE GOVERNANCE, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (6) OF 2025, PG. 504-521, APIS – 3920 – 0001 & ISSN – 2583-2344

ABSTRACT

 The intersection of banking, technology, and corporate governance is reshaping the way financial systems are regulated and managed. This dissertation delves into the dynamic relationship between banking laws and technological advancements, with a special focus on how corporate governance structures are evolving to tackle new risks, regulatory hurdles, and tech-driven transformations.

The study starts by looking at the historical development of banking regulations in India and around the world, pointing out how traditional legal frameworks were built for a time when banking was largely physical. As we move into the digital age, these older laws are struggling to keep up with innovations like artificial intelligence, blockchain, cloud computing, and digital payments. The research examines how these technologies impact legal compliance, operational risks, consumer protection, and the broader stability of the financial system.

A key part of the dissertation is the role of corporate governance in today’s tech-driven banks. It explores how board responsibilities are shifting beyond financial oversight to include managing technology, cybersecurity, and the ethical use of algorithms. Using doctrinal and comparative legal analysis, the study critiques current Indian regulations and identifies gaps—particularly around AI ethics, digital KYC processes, international data sharing, and how FinTech and RegTech partnerships are governed.