by AIP Online Bureau | Apr 23, 2026 | Eco/Invest/Demography, Indian News, Risk Management
The meeting chaired by the Finance Minister deliberated on various risks that AI posed on the financial sector, sources said, adding that banks have been urged to take preemptive measures to secure their systems, data and money of customers. New Delhi:Finance Minister...
by AIP Online Bureau | Apr 23, 2026 | Articles, Eco/Invest/Demography, Health, Non-Life
A report by Niva Bupa Health Insurance highlights that health insurance ownership in India correlates more strongly with financial maturity than income levels alone. Policyholders demonstrate better financial discipline, including stronger portfolio diversification,...
by AIP Online Bureau | Apr 23, 2026 | Banking & Bancassurance, Indian News, Policy
Inclusion of candidates from the private sector is a departure from the set procedure, and this is the first time that the Financial Services Institutions Bureau (FSIB) would consider them for selection for more than half a dozen vacancies of EDs expected to be...
by AIP Online Bureau | Apr 23, 2026 | Articles, Eco/Invest/Demography, Technology
“Insurance comes out as one of the stronger sectors in the survey, with solid groundwork in place for using AI. It has clear direction and strong controls around security and risk, however, it is not yet using AI as widely as the top performers. The biggest gap...
by AIP Online Bureau | Apr 23, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology
“The next 25 years will not just be about scale, but about intelligent scale. Financial markets are now evolving in the fastest ways possible, becoming more interconnected and complex.”CS Setty,chairman, SBI Mumbai:Artificial intelligence will play a...
by AIP Online Bureau | Apr 22, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
The Reserve Bank of India’s preliminary assessment – just like that of global regulators – suggests Mythos could pose cybersecurity risks by accelerating the discovery and exploitation of software vulnerabilities, the sources, all familiar with the...
by AIP Online Bureau | Apr 22, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News
“Right now 61% of the country is in drought and that’s steadily been going up for the calendar year.We just haven’t seen too many springs where this amount of the country has been in this kind of shape.” said Brian Fuchs, a climatologist with the National...
by AIP Online Bureau | Apr 22, 2026 | Indian News, Life, Regulation
Amit Jhingran, Managing Director and Chief Executive Officer, said the life insurance industry witnessed improved momentum during FY26, supported by recent regulatory measures and a shift in customer preference towards protection-oriented products. He added that the...
by AIP Online Bureau | Apr 22, 2026 | Banking & Bancassurance, Briefs, Life, Regulation
Debasish Panda, part-time chairman, Bandhan Bank The Reserve Bank of India has granted its prior approval for the appointment of Debasish Panda, former chairman of IRDAI as part-time chairman (PTC) of Bandhan Bank, for a period of three years with effect from the date...
by AIP Online Bureau | Apr 22, 2026 | Eco/Invest/Demography, Health, Indian News, Non-Life, Regulation
Mukesh D. Ambani, chairman and MD, Reliance Industries and promoter of Jio Finance JFSL and Allianz are also working towards a separate binding agreement for life insurance business in India. Mukesh D. Ambani, chairman of Reliance Industries and promoter of Jio...
