Roadmap for future ready banking sector: Risk management standards and competitive strategies
Banks provide an enabling environment to measure, manage, and mitigate various risks; and the interest rates levied by these entities…
Tag: RBI
What are the new bank cybersecurity measures announced by RBI Governor Sanjay Malhotra?
By implementing stricter authentication standards, exclusive banking domains, and enhanced cybersecurity protocols, the central bank aims to mitigate the risks…
To prevent frauds, international online transactions will soon need additional authentication factor
OTP for international txn: The Reserve Bank of India (RBI) has announced introduction of additional factor of authentication for international…
RBI Governor calls upon banks and NBFCs to mitigate cyber risks
RBI Governor Sanjay Malhotra stressed the need for enhanced cyber security in the financial sector. He urged banks and NBFCs…
RBI asks banks to tighten cybersecurity oversight, digital fraud prevention
“While dwelling upon IT risk management and cybersecurity, the Governor urged banks to have an enhanced oversight over third-party service…
Cyber frauds on RBI’s radar: Banks mandated to use TRAI’s MNRL technology by March 31, 2025
RBI acts big on cyber fraud: The RBI has advised all regulated entities like banks, etc to use TRAI’s Mobile…
How the upcoming DPDP Act could reshape BFSI sector’s data practices
With the draft rules emphasising transparency, entities must provide clear, detailed notices about data collection, usage, and the process for…
Banks unlikely to face shocks, but tech can’t fix all the cost worries
Indian banks are preparing for higher compliance costs, tighter margins, and tougher fee competition, potentially affecting 2025 earnings. Operational costs…
Bank frauds in H1 FY25 surge eightfold to Rs 21,367 Crore
The figures for April-September FY25 indicate a stark increase compared to the 14,480 cases involving Rs 2,623 crore reported during…
Careful about AI, it’s legit caveat from RBI
AI has the potential to revolutionise the 21st century like the steam engine did for the 19th century. However, the…