Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Traditional model risk management in banking grew up around relatively stable, well understood statistical models, credit scorecards, VaR calculations, and provisioning models that behaved predictably once validated. Artificial intelligence changes this picture significantly. AI models, particularly machine learning and deep Read More …
Inside most banks, compliance risk and regulatory risk are spoken about almost interchangeably, often sitting under the same team, the same policy document, and the same quarterly report to the board. This is a costly simplification. Compliance risk vs regulatory Read More …
The Reserve Bank of India’s Fraud Risk Management Directions, 2026 significantly strengthen the responsibilities of commercial banks, including Small Finance Banks, across the complete fraud risk lifecycle, from early detection through classification, reporting, and post fraud credit decisions. For risk, Read More …
Few corporate case studies capture the full scope of operational risk, governance failure, and safety culture breakdown as completely as the Boeing 737 MAX crisis. Two fatal crashes, the Lion Air flight in October 2018 and the Ethiopian Airlines flight Read More …
For years, cybersecurity in Indian banks and financial institutions was treated largely as a technology problem, owned by the CISO and IT team, reported upward through periodic updates, and reviewed mainly at audit time. That framing has changed decisively. With Read More …
On July 31, 2026, the RBI issued a set of new directions under the title Cybersecurity, Technology Risk, Resilience and Assurance Framework, one each for commercial banks, small finance banks, payments banks, urban co-operative banks, all India financial institutions, NBFCs, Read More …
The RBI regularly issues directions, circulars, frameworks and regulatory guidance covering the major risks faced by banks and financial institutions. These regulatory documents influence several important areas of banking operations, including: Credit appraisal and monitoring Loan classification and provisioning Capital Read More …
The BFSI Impact Series continues to track the people and platforms shaping banking, financial services, and insurance in India, and this edition turns the spotlight on Guidewire DevSummit 2026. Held on May 13, 2026 at the Sheraton Grand in Whitefield, Read More …
Small Finance Banks are working through one of the more detailed regulatory overhauls in recent years, with the Reserve Bank of India revising the Credit Facilities Directions that govern how these institutions lend against securities and extend credit tied to Read More …
Artificial intelligence is moving rapidly from experimentation to enterprise-wide adoption. Across banking, insurance, financial services and other industries, organisations are using artificial intelligence to assess creditworthiness, detect fraud, automate customer service, improve underwriting, monitor transactions and support strategic decisions. These Read More …