Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
The Reserve Bank of India, working alongside state level authorities such as the Haryana government’s State Level Coordination Committee, is pushing a coordinated response to evolving financial fraud, combining artificial intelligence based detection, upgraded public complaint infrastructure, and expanded financial Read More …
South Asia continues to grapple with the growing vagaries of extreme climate risks, leaving millions increasingly exposed to recurrent, devastating disasters. Communities across the region continue to confront these uncertainties, often with limited capacity and resources for recovery. The recent Read More …
On August 24, 2026, SEBI issued a circular aligning its Cyber Incident Reporting Portal with the Financial Stability Board’s Format for Incident Reporting Exchange, commonly referred to as FIRE. This follows closely on the launch of SEBI’s revamped Incident Reporting Read More …
Most BFSI institutions run risk training every year, yet many struggle to answer a simple question, is this training actually closing the capability gaps that matter most to the institution right now. Training calendars are often built around what was Read More …
2026 has been an unusually dense year for NBFC regulation. RBI has reworked how NBFCs are registered and classified, revised concentration and credit facility norms, issued a consolidated recovery conduct framework, extended board level cybersecurity accountability to NBFCs, and set Read More …
India’s banking, financial services, and insurance sector is operating under a pace of regulatory and technological change that few institutions were built to absorb comfortably. RBI has reworked concentration risk, credit facilities, fraud risk, and loan recovery frameworks within a Read More …
On August 24, 2026, SEBI issued a circular introducing the IT Resilience Index, or ITRI, for Market Infrastructure Institutions, covering stock exchanges, clearing corporations, and depositories. The same week saw two related developments that together signal a decisive shift in Read More …
A customer is denied a loan. A transaction is flagged and frozen for suspected fraud. A credit card application is silently declined. In each of these cases, the decision was made, at least in part, by an AI system, and Read More …
Very few banks build their AI systems entirely in house. Credit scoring engines, fraud detection platforms, chatbots, document processing tools, and collections analytics increasingly arrive through a vendor relationship, whether a specialised fintech, a large technology provider, or a niche Read More …
On 27 February 2025, TARGET Services suffered a major operational incident affecting the infrastructure through which central-bank money, securities and collateral move across Europe. TARGET Services comprise: T2, which processes high-value euro payments; TARGET2-Securities, which provides securities settlement; TARGET Instant Read More …