FM Sitharaman says Indian banks must build new defences as AI threats grow, West Asia crisis watched closelyIndian banks face new artificial intelligence cyber threats. Finance Minister Nirmala Sitharaman urged a proactive approach. Banks will col...
AI without safeguards can amplify existing weaknesses in financial sector: RBI DGIn a recent conference, Reserve Bank Deputy Governor Swaminathan J raised a red flag regarding the integration of AI in finance. He emphasi...
India's attractiveness as investment destination to improve this year: RBI DG GuptaIndia's investment appeal is set to rise this year. Strong economic foundations and better valuations are attracting investors. Remittance ...
"Success through synergy": RBI Deputy Governor warns of rising risks, calls for stronger collaborationAddressing the Standard Chartered Bank's annual flagship event, "Success Through Synergy," the RBI DG emphasized that collaboration, not co...
Govt appoints Shirish Chandra Murmu as RBI Deputy Governor, to replace Rajeshwar RaoShirish Chandra Murmu on Monday was appointed as the deputy governor of the Reserve Bank of India, reported ET NOW. Murmu's appointment wil...
Former RBI DG Mundra asks regulators to 'introspect' after recent instances of unease, rulingsFormer RBI Deputy Governor S S Mundra called for introspection among financial regulators at an Assocham event, citing instances of proposa...
ARC route being misused by "tainted" promoters: RBI deputy governor RaoM Rajeshwar Rao stressed that asked the leaders of the ARC sector to ensure that the sector remains focused on course charted through legis...
RBI Dy Guv urges ARCs to adopt regulation plus approachThe Reserve Bank of India (RBI) has criticized asset reconstruction companies (ARCs) for their use of distressed assets and innovative stru...
There could be trade-off between innovation and regulation: RBI DG Rajeshwar RaoRajeshwar Rao also pointed out that regulators must focus on achieving a delicate equilibrium that addresses the critical concerns without ...
Countries need to think out of the box, show willingness to make cross-border payments cheaper: RBI DGReserve Bank Deputy Governor T Rabi Sankar stated that despite technological advancements, the current system cannot reduce the cost of cro...
Nuanced, calibrated approach essential for launch of CBDC, says Reserve Bank DG"Given the large number of uncertainties in terms of which model works, which design works well in terms of its impact on the banking syste...
Finance ministry receives 37 applications for RBI DG postApplications from managing director of various public sector banks, top official of private sector banks and some bureaucrats have been rec...
Public Sector banks at a higher threat of cyber attack than private banks, says RBI DGCyber attacks on Indian banks are on the rise with about four banks’ systems being compromised in the past few months.
Finance ministry gets about 90 applications for RBI DG postShortlisting was required because some applications were from junior level and some mid-level bank officials, RBI sources said.
CommonWealth Games scam: Enforcement Directorate slaps forex charges against Suresh Kalmadi, 6 othersThey have been given 30 days' time to reply to ED's notice after which adjudication proceedings under FEMA would begin.
Inflation indexed bonds to be modified: RBI DGWorried by the tepid response to inflation-indexed bonds, the Reserve Bank today said they will be modified and made more attractive to inv...
- More bankers get interview call for RBI dy guv’s post
In an unexpected turn of events the government has sounded out three more bank chairmen - KC Chakrabarty, MV Nair and MD Mallya - for the p...