by AIP Online Bureau | Nov 23, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
RBI Deputy Governor Rajeshwar Rao said that bank customers today are facing a threat from technology induced frauds such as fraudulent apps, breach of privacy and deep fakes Mumbai: The RBI on Thursday said that the banks should focus on fortifying cyber security and...
by AIP Online Bureau | Oct 15, 2023 | Indian News, Life, Non-Life, Regulation
The RBI-appointed Administrator of debt-ridden Reliance Capital (RCAP) wrote to IIHL after Insurance Regulatory and Development Authority of India (Irdai) rejected IIHL’s proposal to raise funds for the RCAP acquisition by creating a pledge over the shares of...
by AIP Online Bureau | Oct 12, 2023 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
The central bank also found non-compliance with certain provisions related to ‘RBI Guidelines for Licensing of Payments Banks’, ‘Cyber security framework in banks’ and ‘Securing mobile banking applications including UPI ecosystem’...
by AIP Online Bureau | Oct 12, 2023 | Indian News, Regulation, Risk Management, Technology
Recent technologies, such as artificial intelligence, synthetic biology, quantum computing and robotics, have the potential not only to revolutionise human and social lives, but also to alter the global order, the RBI deputy governor T Rabi Sankar pointed out He...
by AIP Online Bureau | Oct 10, 2023 | Banking & Bancassurance, Indian News, Regulation, Technology
“This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application. Any further onboarding of customers of the bank on the ‘bob World’ application will be subject to...
