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 …
Tag: BFSI regulation
RBI Asks Banks to Assess AI Risk Gaps
Banks Urged to Balance Growth with Strong Risk Management Amid Fintech Competition
Banks must pursue growth cautiously while strengthening their risk management frameworks, as competition from fintech firms continues to intensify, experts said at a recent industry interaction in Telangana. Speakers stressed that while digital innovation has expanded access to financial services, Read More …