Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Cybersecurity has become a critical component of digital banking, as customers increasingly depend on mobile applications, internet banking, digital payments and other technology-enabled financial services. The expansion of digital channels has improved convenience and accessibility, but it has also increased Read More …
Indian banks are working on a coordinated industry response to rising cyber risks, with the Indian Banks’ Association (IBA) developing mechanisms for faster information sharing on cyber incidents and an industry-level sandbox for testing emerging artificial intelligence models. State Bank Read More …
Muthoot Microfin Limited (MML), the microfinance arm of Muthoot Pappachan Group, has digitised its enterprise risk-management processes through an in-house Risk Management System (RMS) built using Oracle APEX. The microfinance institution identified the need to move its Risk and Control Read More …
What Banks, NBFCs and Financial Institutions Should Review From model security and prompt injection to autonomous agents and independent assurance, AI is creating new responsibilities for cybersecurity, risk management and internal audit professionals. RMAI Risk Insights | 4 November 2026 Read More …
RMAI Risk Insights | 3 November 2026 The reported ₹500 crore cyber-fraud trail under investigation by Mumbai Police highlights a serious concern for India’s financial sector: criminals are increasingly exploiting the connections between bank accounts, digital payment platforms, financial intermediaries Read More …
Unauthorised Access, Machine-Speed Cyberattacks and 17 Recommended Security Measures RMAI Risk Insights | 3 November 2026 India’s Computer Emergency Response Team (CERT-In) issued Critical Advisory CIAD-2026-0049 on 15 October 2026, following incidents involving autonomous AI agents accessing Indian organisations’ live Read More …
Mashreq has launched new generative AI capabilities within its fraud management platform in collaboration with Clari5, a Perfios company, to strengthen fraud detection and financial-crime investigations. The new capabilities focus on three areas: improving fraud detection effectiveness, increasing analyst productivity Read More …
Organisations are facing increasing exposure to third-party and supply-chain risks as they rely on external vendors for technology, cloud services, logistics, manufacturing, data processing and other critical operations. Third-party failures can create risks well beyond the immediate supplier relationship. A Read More …
The Reserve Bank of India (RBI) has intensified its cybersecurity scrutiny of banks following a series of recent cyber incidents affecting India’s financial sector. Banks have been asked to provide evidence that existing cybersecurity requirements are being implemented and to Read More …
Crypto-linked payment cards are drawing increased regulatory attention in India as some users turn to offshore cryptocurrency wallets to make everyday payments, potentially creating challenges for financial monitoring and regulatory oversight. The growing use of such cards reflects the evolution Read More …