Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
The structural vulnerability of Non-Banking Financial Companies (NBFCs) within the Indian financial ecosystem has become a focal point of intense regulatory scrutiny. Unlike traditional commercial banks that enjoy a stable base of retail low-cost deposits, NBFCs operate under a highly Read More …
When major corporate failures occur, investigations often reveal a familiar pattern. Policies existed. Controls were documented. Committees met regularly. Reports were submitted. Yet warning signs were ignored, concerns were not escalated, and risks continued to build until they eventually materialised Read More …
The Reserve Bank of India (RBI) has issued an urgent directive giving banks and regulated entities until June 30, 2026, to submit a board-approved gap assessment and a time-bound action plan. This mandate is a proactive response to the emergence Read More …
The modern digital banking ecosystem has expanded far beyond the traditional boundaries of internal IT parameters. With financial institutions increasingly relying on complex cloud architecture, core banking application programming interfaces (APIs), and third party FinTech vendor pipelines, the corporate threat Read More …
Banks and financial institutions increasingly rely on AI solutions from third-party vendors and FinTech partners. These collaborations enhance innovation and operational efficiency but also introduce operational, compliance, and reputational risks. Mismanaged AI systems can lead to failures, regulatory breaches, and Read More …
The Indian Personal Data Protection and Digital Privacy landscape is evolving rapidly with the enactment of the DPDP Act. As banks and financial institutions increasingly adopt AI systems, including predictive analytics, generative AI, and automated decision making, compliance with DPDP Read More …
For decades, financial institutions have relied on KYC and AML frameworks to identify customers, verify identities, and prevent financial crime. While these controls continue to evolve, fraudsters are evolving even faster. The emergence of deepfakes and synthetic identity fraud is Read More …
Beyond Seaworthiness: Vessel Size, Port Preparedness and Emerging Marine Risks On 26 March 2024, the 984-foot-long Singapore-flagged containership Dali – lost electrical power, propulsion, and steering while departing Baltimore Harbour and struck a support pier of the Francis Scott Key Read More …
Generative AI has quickly moved from experimentation to implementation across the banking sector. Large Language Models (LLMs) are being deployed to support customer service, automate documentation, assist compliance teams, enhance productivity, and improve decision making. Banks are increasingly exploring Generative Read More …
Enterprise Risk Management (ERM) has evolved from a compliance exercise into a strategic management discipline. Modern organizations operate in environments shaped by cyber threats, regulatory change, geopolitical uncertainty, technology disruption, operational complexity, and reputational risk. Despite significant investment in risk Read More …