For years, Indian banks treated deposit operations as relatively “safe” compared to the messy world of loan books. That comfort is gone. A surge in mule accounts, legitimate bank accounts commandeered or rented to launder proceeds of cybercrime has shifted operational risk from loans to deposits. Senior bankers are tightening KYC and continuous due diligence…
The Securities and Exchange Board of India (SEBI) has issued a crucial set of technical clarifications to its Cybersecurity and Cyber Resilience Framework (CSCRF) for regulated entities (REs), signalling a sharper focus on operational robustness, regulatory harmonization and market-wide cyber hygiene. This move is timely and necessary, given the increasing frequency of cyber incidents that…
In a strategic leadership transition, ICICI Bank announced that Anish Madhavan, a seasoned senior management professional within the bank, stepped into the role of Group Chief Compliance Officer (GCCO), effective August 29, 2025. This followed the early retirement of the incumbent, Subir Saha, who stepped down at close of business on August 28, 2025. The…
RBL Bank has named Dinesh R. Sharma as its new Head of Non-Financial Risk, entrusting him with oversight of operational risk, business continuity planning, and enterprise-wide risk frameworks. Sharma brings over 15 years of experience in building resilient governance structures across leading Indian banks. Before joining RBL Bank, Sharma spent close to nine years at…
SMFG India Credit Co. Ltd. (SMICC), one of India’s leading non-banking financial companies (NBFCs) with an asset under management (AUM) exceeding ₹60,000 crore and a customer base of over three million, has appointed Ravi Narayanan as its Chief Executive Officer, effective August 28, 2025. Narayanan, a seasoned banker with over three decades of experience, has…
It’s 6:30 a.m. on a construction site in India. As workers gear up for another day of building a metro corridor, a live dashboard in the command centre hundreds of kilometres away is already flashing updates, equipment usage, workforce attendance, material deliveries and weather alerts. On paper, this looks like seamless efficiency. But behind the…
India’s economic transformation has been one of the most remarkable stories of the last decade. Millions of micro, small, and medium enterprises (MSMEs) have emerged as the lifeblood of local economies, while a fast-growing digital ecosystem, supported by massive data centres, powers the nation’s AI ambitions, cloud computing, e-commerce and global IT exports. But this…
An Interview with Vivek Sethia, Founder & President, Insursa Inc. In an era where technology is rewriting the rules of engagement across industries, insurance remains one of the most complex and ripe sectors for disruption. At the forefront of this transformation is Insursa Inc., an AI-first insurtech firm built with a singular focus on making…
As the digital landscape continues to evolve, so too do the risks. According to IBM’s just-released Cost of a Data Breach Report 2025, the global average cost of a data breach has reached an all-time high of $4.59 million, a 1.6% increase from last year, and a staggering 15.3% jump compared to 2020. The data,…
In today’s interconnected world, cybersecurity has become an essential aspect of business operations, irrespective of the organisation’s size. Small and Medium Enterprises (SMEs) in India are increasingly embracing digital transformation to enhance productivity and efficiency. However, this digital landscape also exposes them to various cyber threats. As SMEs adopt digital technologies and leverage the power…
