Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
The prescriptions aim at ensuring robustness in the process of model deployment by lenders while making credit decisions The Reserve Bank of India on Monday released a draft circular on ‘Regulatory Principles for Management of Model Risks in Credit’ for lenders to Read More …
Synopsis The Reserve Bank of India (RBI) updated its “guidance note” on operational risk management for the financial sector, extending it to include NBFCs and housing finance companies. The note highlights that operational disruptions can threaten the viability of regulated Read More …
Paytm Payment Bank Ltd (PPBL) a wholly owned subsidiary of fintech major – its parent company One97 Communications Ltd, (OCL) is facing stiff RBI action due to its protracted indifference towards operational risk that reached a tipping point. The kind Read More …
The Enforcement Directorate will probe Paytm Payments Bank if any evidence of illegal activity is found, Revenue Secretary Sanjay Malhotra said. India’s central bank has found hundreds of thousands of accounts at Paytm Payments Bank created without proper identification and has passed Read More …
The key focus areas of IT governance will include strategic alignment, risk management, resource management, performance management and business continuity/ disaster recovery management The RBI on Tuesday came out with a comprehensive guideline related to information technology (IT) governance and Read More …
The central bank had in August MPC announced to issue a direction on managing risks and code of conduct in outsourcing of financial services. The Reserve Bank of India, on October 26, has placed the draft master direction on Read More …
The Reserve Bank (RBI) has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. These co-operative banks are: Gujarat Mercantile Co-operative Bank, Nagarik Sahakari Bank, Makarpura Industrial Estate Co-operative Bank and Sevalia Urban Co-operative Bank. The Reserve Read More …
In the current era of Generative AI and other related technologies, business leaders face pressure on two common fronts: achieving profitable growth and fostering innovation. To meet stakeholder expectations, CxOs have widely adopted outsourcing. This strategic move allows companies to Read More …
The RBI has been urging banks to adopt effective risk management practices and strengthen their governance standards to avoid financial instability The boards of Indian banks must pursue robust risk management strategies and emphasise compliance and effective governance while preparing Read More …