Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
On 25 October 2026, Prime Minister Narendra Modi inaugurated the Reserve Bank of India’s (RBI) new Data Centre and Cybersecurity Training Institute at Jatni, near Bhubaneswar, Odisha. Developed at a reported cost of ₹169 crore, the facility is designed to Read More …
Recent SBI and NBFC cyber incidents, RBI’s 2026 cybersecurity directions and emerging digital banking risks highlight the need for stronger IT governance, operational resilience and professional capability-building across India’s financial sector. India’s banking and financial services industry is increasingly dependent Read More …
An implementation-focused case study for banking cybersecurity teams, CISOs, Security Operations Centres (SOCs), IT risk managers, internal auditors and compliance professionals. Case study date: 22 October 2026 | Risk Management Association of India (RMAI) Executive Summary: What Happened in the Read More …
Compliance Framework, Deadlines and Practical Roadmap for 2027 A practical guide to Digital Personal Data Protection (DPDP) compliance for banks, NBFCs, insurers, FinTechs, risk managers and compliance professionals. Regulatory position reviewed as of 19 October 2026. India’s Digital Personal Data Read More …
RBI’s Cybersecurity, Technology: Risk, Resilience and Assurance Framework Directions took effect on 31 July 2026, the day they were issued, with no transition period reported. Banks and NBFCs are already expected to comply, so the question for most teams is Read More …
The rapid digital transformation of India’s banking and financial services sector has fundamentally changed the nature, complexity and interconnectedness of financial risks. Banks, Non-Banking Financial Companies (NBFCs), financial institutions and other regulated entities increasingly depend on third-party service providers, cloud Read More …
RBI’s outsourcing directions, its July 2026 cybersecurity directions and its draft model risk guidance each keep the regulated entity accountable for what vendors, partners and models do. This guide shows where they connect and what risk, compliance, IT and audit Read More …
Bank of America AML Penalty 2026: Key Facts On 13 October 2026 the US Treasury announced about $1.21 billion in combined penalties against Bank of America for anti-money-laundering (AML) and sanctions failures. Who: Bank of America, described as the second-largest Read More …
Fraud risk in banking is no longer limited to forged loan documents or isolated employee misconduct. Digital transactions, complex borrower structures, mule accounts, manipulation of financial information and weaknesses in internal controls create multiple opportunities for fraudulent activities. For banks, Read More …
Risk management has evolved considerably over the years, moving from a largely compliance-oriented function to an integral component of corporate governance. Yet, despite this progress, an important question remains: Are organisations using risk management primarily to report existing exposures, or Read More …