Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
The Reserve Bank of India (RBI) has imposed a ₹9 lakh monetary penalty on One MobiKwik Systems Limited for non-compliance with regulatory requirements governing Prepaid Payment Instruments (PPIs) and payment fraud reporting. Announced on 13 November 2026, the enforcement action Read More …
The Reserve Bank of India (RBI) has announced a ₹75,000 crore Variable Rate Reverse Repo (VRRR) auction, scheduled for 13 November 2026, as part of its ongoing liquidity management operations. According to RBI’s announcement dated 12 November 2026, the three-day Read More …
The Reserve Bank of India (RBI) has extended the supersession of the Board of Directors of Mumbai-based Abhyudaya Co-operative Bank Limited for another year, effective 24 November 2026, keeping the institution under an RBI-appointed Administrator for a fourth consecutive year. Read More …
RMAI Risk Insights | 11 November 2026 The Supreme Court of India has intensified its examination of digital arrest fraud, asking RBI to strengthen financial-institution accountability and directing WhatsApp and other intermediaries to explain how they intend to prevent these Read More …
The CBI’s latest case against Future Retail Limited and its promoters raises critical questions about the end-use monitoring of bank loans, related-party transactions, forensic audit, early warning signals and credit risk governance. On 6 November 2026, the Central Bureau of Read More …
RBI Consolidates Cybersecurity, Payment Fraud Monitoring, Incident Reporting and System Audit Requirements Under a Single Regulatory Framework The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Cyber Resilience and Digital Payment Security Controls for non-bank PSOs) Read More …
SBI’s recent customer-data exposure and rising concerns about AI-enabled cyber threats have prompted an important industry-level initiative: Indian banks are working towards a structured mechanism for sharing cyber-incident intelligence across the financial system. On 3 November 2026, C. S. Setty, 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 …