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...
by AIP Online Bureau | Dec 27, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology
The RBI said frauds present multiple challenges for the financial system in the form of reputational risk, operational risk, business risk and erosion of customer confidence with financial stability implications Mumbai: The number of bank frauds witnessed a...
by AIP Online Bureau | Dec 17, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management
Sanjay Malhotra,Governor,Reserve Bank of India Malhotra, who faces a slew of challenges, including the unsettling of the inflation-growth balance and the continuous pressure on the rupee, said, “Continuous improvements and kaizens (improvement)” are essential for any...
