Cybersecurity has always been a race between the speed at which attackers discover weaknesses and the speed at which defenders can identify, contain and remediate them. Frontier artificial intelligence is beginning to change the terms of that race. The latest generation of AI models is moving beyond vulnerability identification and code generation. They are increasingly…
India has built one of the world’s most advanced digital payment ecosystems in less than a decade. Unified Payments Interface (UPI) now processes over 20 billion transactions every month, making India the global leader in real-time retail payments. The speed, scale and accessibility of digital payments have transformed financial inclusion, commerce and customer experience, establishing…
India has taken another step towards strengthening its position in global capital markets with the passage of the Taxation and Other Laws (Amendment) Bill, 2026, replacing the Income-tax (Amendment) Ordinance, 2026 that had been promulgated in June. While the legislation is technical in nature, its implications extend beyond tax administration. It seeks to remove specific…
The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Commercial Banks – Cybersecurity, Technology: Risk, Resilience and Assurance Framework) Directions, 2026, bringing into force a unified regulatory framework governing cybersecurity, technology risk, operational resilience and information systems assurance for commercial banks. Effective July 31, 2026, the Directions repeal the existing cybersecurity…
Cybersecurity has always been a race between the speed at which attackers discover weaknesses and the speed at which defenders can identify, contain and remediate them. Frontier artificial intelligence is beginning to change the terms of that race. The latest generation of AI models is moving beyond vulnerability identification and code generation. They are increasingly…
India has built one of the world’s most advanced digital payment ecosystems in less than a decade. Unified Payments Interface (UPI) now processes over 20 billion transactions every month, making India the global leader in real-time retail payments. The speed, scale and accessibility of digital payments have transformed financial inclusion, commerce and customer experience, establishing…
India has taken another step towards strengthening its position in global capital markets with the passage of the Taxation and Other Laws (Amendment) Bill, 2026, replacing the Income-tax (Amendment) Ordinance, 2026 that had been promulgated in June. While the legislation is technical in nature, its implications extend beyond tax administration. It seeks to remove specific…
The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Commercial Banks – Cybersecurity, Technology: Risk, Resilience and Assurance Framework) Directions, 2026, bringing into force a unified regulatory framework governing cybersecurity, technology risk, operational resilience and information systems assurance for commercial banks. Effective July 31, 2026, the Directions repeal the existing cybersecurity…
As India’s digital financial ecosystem matures, invisible technology infrastructure is becoming the defining factor behind resilience, customer trust and sustainable growth. India’s banking sector has spent the past decade redefining customer experience. Digital payments have become instantaneous, lending decisions are increasingly automated, account opening can be completed in minutes and banking services are now available…
For much of the past four decades, central banks have been judged by a relatively straightforward mandate: keep inflation under control, preserve confidence in financial markets and intervene during periods of economic stress. Financial crises certainly reshaped policy thinking from the Global Financial Crisis of 2008 to the pandemic-induced disruptions of 2020 but the underlying…
Record central bank gold purchases are revealing something far more significant than confidence in a precious metal they are signalling how the world’s monetary authorities are redesigning their risk and resilience frameworks for an increasingly fragmented global economy. For decades, central banks have been regarded as the world’s most conservative investors. Their primary responsibility is…
For much of modern banking history, commercial relationships were largely defined by one question: How much capital does a business require? That question is rapidly becoming obsolete. Today’s enterprises operate in an environment shaped by supply-chain disruptions, geopolitical uncertainty, digital transformation, cyber threats, sustainability expectations and increasingly complex regulatory frameworks. Access to finance remains important, but…
For generations of investors, the Price-to-Earnings (P/E) ratio has been treated as one of finance’s most fundamental metrics. A simple equation dividing a company’s market value by its earnings, the ratio is often presented as an objective measure of valuation. Yet the history of financial markets suggests a more complicated reality. P/E ratios rarely reflect…
Technology continues to evolve at breathtaking speed. Artificial intelligence is transforming cyber defence while simultaneously equipping attackers with more sophisticated capabilities. Regulatory expectations are rising, digital ecosystems are expanding, and organisations are becoming more interconnected than ever before. Yet despite billions invested in cybersecurity technologies, many successful attacks still begin with something remarkably ordinary: a…
