by AIP Online Bureau | Jan 27, 2025 | Banking & Bancassurance, Indian News, Policy, Regulation, Risk Management, Technology
Sanjay Malhotra,Governor,RBI While dwelling upon IT risk management and cyber security, the governor urged banks to have enhanced oversight over third-party service providers for mitigation of the risks emanating from them, RBI said in a release Mumbai: Flagging the...
by AIP Online Bureau | Jan 7, 2025 | Eco/Invest/Demography, Indian News, Policy
India’s economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data . New Delhi: The Indian economy is estimated to grow at 6.4...
by AIP Online Bureau | Dec 30, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
“We continue to secure and anchor public trust and confidence to support India’s aspirational goals. We remain committed to developing a modern financial system that is customer-centric, technologically leveraged and financially inclusive,” the new RBI...
by AIP Online Bureau | Dec 29, 2024 | Banking & Bancassurance, Indian News, Regulation, Risk Management
“High attrition and employee turnover rate pose significant operational risks, including disruption in customer services, besides leading to loss of institutional knowledge and increased recruitment costs. In various interactions with banks, the Reserve Bank has...
by AIP Online Bureau | Dec 28, 2024 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management
“Over the last few years, we have taken several incremental measures in this direction. It started with the setting up a dedicated group within the Bank to assess climate change risks and foster a robust ecosystem for sustainable finance,” said Reserve Bank of India...
