The move follows concerns raised by banks, citing cases where such promoters continue to hold directorships elsewhere. Existing laws do not...

Fitch Ratings highlights AI and massive digital infrastructure spending as significant global credit risks. While AI promises efficiency, i...

In its bi-annual Financial Stability Report, the RBI flagged concerns over customer service in the insurance sector and again cautioned tha...

Following years of insistence that existing frameworks were sufficient to mitigate AI risks, Deputy Governor Sarah Breeden said rapid devel...

The Reserve Bank of India has identified growing concerns within the booming private credit market. The central bank's latest report highli...

India's economy faces potential exchange rate volatility due to rising oil prices and supply chain issues, an RBI report revealed. Despite ...

AI-powered cyberattacks are India's top financial system risk, according to the RBI's latest report. Banks and NBFCs are most concerned abo...

Indian banks are projected to see a slight increase in bad loans to 1.9% by March 2028, yet the system remains robust with strong capital a...

India's central bank has identified soaring AI stock valuations globally as a financial stability risk, warning of potential market spillov...

India's burgeoning pension savings hold immense potential to fund infrastructure and propel the 'Viksit Bharat' vision, while ensuring stab...

Kumar (66), a seasoned public policy leader and financial sector reformer, is widely credited with playing a key role in revitalising India...

Persistent Systems' shares plunged nearly 11% following its announcement to acquire Germany-based Nagarro for €1.27 billion. While the deal...

China's central bank has introduced overnight reverse repo operations for the first time, injecting 300 billion yuan to manage liquidity. T...

The Bank for International Settlements (BIS) has cautioned about the financial dangers linked to the rapid growth of AI, pointing to issues...

India's debt market is currently ill-equipped to fund the nation's ambitious economic growth targets, a Deloitte report highlights. To achi...

Strong internal financial controls are crucial for businesses, not just for compliance, according to the ICAI President. He emphasized that...

Swiss financial regulator Marlene Amstad urges banks and watchdogs to rapidly adopt new technology to counter escalating cybersecurity thre...