Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Building a common risk management language across a national investment holding company and 19 portfolio companies spanning hydropower, banking, aviation, telecommunications, mining, and manufacturing is not a task that a standard, one size fits all training programme can accomplish. This Read More …
On August 1, 2012, Knight Capital Group, then one of the largest market makers in United States equities, lost more than 460 million dollars in roughly 45 minutes. The cause was not a market crash, a fraud, or a cyberattack. Read More …
On 20 April 2010, hydrocarbons escaped from BP’s Macondo well beneath the Deepwater Horizon drilling rig in the Gulf of Mexico. Gas reached the rig, ignited and caused explosions and a fire. Eleven workers died, 17 suffered serious injuries, and Read More …
The banking industry is witnessing one of the most significant transformations in credit risk management with the transition from the traditional incurred loss model to the Expected Credit Loss (ECL) framework. Unlike earlier provisioning approaches, which recognised losses only after Read More …
Particular Details Organisation CrowdStrike Holdings, Inc. Incident date 19 July 2024 Incident type Global information-technology outage caused by a defective security-content update Product involved CrowdStrike Falcon Sensor for Microsoft Windows Affected systems Windows hosts running Falcon Sensor version 7.11 and Read More …
The regulatory action against Paytm Payments Bank Limited, or PPBL, developed over several years rather than arising from one isolated violation. In March 2022, the Reserve Bank of India directed the bank to stop onboarding new customers after identifying material Read More …
In March 2025, IndusInd Bank disclosed discrepancies in account balances associated with its derivatives portfolio. An initial internal review estimated an adverse effect equivalent to approximately 2.35% of the bank’s net worth at 31 December 2024. An independent review subsequently Read More …
Artificial intelligence (AI) is increasingly being used to redefine supplier risk management, providing organizations with enhanced tools to monitor, assess, and mitigate risks in complex supply chains. Advanced AI systems enable real-time visibility into supplier performance, financial stability, and compliance Read More …
Preparing India’s Financial Sector for Responsible Artificial Intelligence and Model Governance Executive Summary The Reserve Bank of India’s Draft Guidance on Regulatory Principles for Model Risk Management (MRM), released in June 2026 for public consultation, is one of the most Read More …
Executive Summary Digital transformation has revolutionised the insurance industry by making products more accessible, simplifying policy issuance, and enabling faster customer onboarding. Online insurance aggregators, insurer websites, mobile applications, digital intermediaries, and embedded insurance have significantly improved customer convenience. However, Read More …