IMF Urges Indian Banks to Adopt Global Credit Risk Standards and Improve Supervision

India’s financial system has grown stronger, but IMF says banks need to align more closely with international norms like IFRS 9. In its latest Financial System Stability Assessment (FSSA), the International Monetary Fund (IMF) asked Indian banks to adopt global Read More …

Insurance Sector Must Act Now on Cyber Threats, Say Industry Leaders

Experts call for proactive cybersecurity, collaboration, and tech upgrades as ransomware, Quishing, and AI-based threats rise. Cybersecurity and insurance professionals are sounding the alarm on escalating cyber threats. At a roundtable hosted by Intersys in London, experts warned that outdated Read More …

IMF Pushes Indian Banks to Adopt IFRS 9 for Better Credit Risk Management

RBI report reveals IMF’s recommendations on tighter loan supervision, insurance resilience, and emerging risks like cyber threats and climate change. Summary:The International Monetary Fund (IMF), in its latest Financial System Stability Assessment (FSSA) released by the Reserve Bank of India Read More …

Cyber Insurance: The Essential Shield Against Modern Cyber Threats

With cyberattacks rising across India, businesses of all sizes are turning to cyber insurance to protect against major financial and operational risks. Summary:As cyber threats grow faster and smarter, businesses in India are becoming top targets. With a 115% rise Read More …

How Insurance GCCs in India Are Changing the Way Risk and Compliance Are Handled Globally

India’s insurance GCCs are growing fast and using smart technology to improve risk management and follow global rules more effectively. Summary:Insurance Global Capability Centres (GCCs) in India are transforming risk management and compliance across the sector. With a 15% growth Read More …

Ethos Secures $6M to Modernize Model Risk Management for Banks and Fintechs

Ethos, a modern model risk management platform, has raised $6 million in seed funding to help financial institutions and fintechs manage model risk with confidence. The funding round was led by Canapi Ventures, with participation from Capital One Ventures and Read More …

AI Can Reduce the Risk of API Breaches in India’s Digital Economy

India’s digital landscape is growing at an unprecedented pace, with Application Programming Interfaces (APIs) serving as critical connectors in sectors like banking, healthcare, e-commerce, and government services. However, as the adoption of APIs increases, so does the risk of cyberattacks. Read More …

NDMA Approves ₹16 Crore Flood Risk Management Project for Pune

The National Disaster Management Authority (NDMA) has sanctioned a ₹16 crore flood risk management project for Pune under the 15th Finance Commission. This initiative aims to strengthen the city’s infrastructure and reduce the impact of urban flooding, particularly in frequently Read More …

Southeast Asia Explores Agricultural Risk Finance Facility to Strengthen Climate Resilience

To address growing climate risks threatening Southeast Asia’s agricultural sector, six ASEAN nations have joined forces with the Southeast Asia Disaster Risk Insurance Facility (SEADRIF) and the Food and Agriculture Organisation (FAO) to explore the establishment of a Southeast Asia Read More …