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…
Banks have traditionally treated trust as an outcome. The Digital Threat Report 2025–26 suggests it should now be treated as an asset class. Released jointly by the Ministry of Electronics and Information Technology (MeitY), CERT-In, CSIRT-Fin, and cybersecurity firm SISA, the second edition of the report arrives at a pivotal moment for India’s Banking, Financial…
For much of the past three years, the global economy has been shaped by a single recurring theme: uncertainty. From the Russia-Ukraine conflict and disruptions in the Red Sea to renewed tensions in West Asia, geopolitical developments have repeatedly tested the resilience of national economies. Global trade growth has moderated, supply chains remain vulnerable to…
Artificial intelligence has rapidly moved from experimentation to execution. Across industries, organizations are embedding AI into customer service, fraud detection, underwriting, supply-chain planning, document processing, compliance monitoring, analytics, and internal decision-making. As adoption accelerates, discussions around AI risk have largely focused on visible concerns such as cybersecurity, privacy, bias, hallucinations, regulatory compliance, and ethical governance….
India’s financial system enters the second half of 2026 from a position of considerable strength. The latest Financial Stability Report (FSR) released by the Reserve Bank of India presents a reassuring picture of a banking sector that is well-capitalised, profitable and resilient, supported by healthy corporate balance sheets, improving asset quality, and robust financial buffers….
The central bank’s latest reforms are not merely about derivatives, they are about building a deeper, more resilient and globally competitive credit market for the world’s fifth-largest economy. For most market participants, the phrase “credit derivatives” often evokes memories of complex financial products that played a controversial role during the 2008 Global Financial Crisis. Yet…
For years, ransomware was viewed as another cybersecurity threat, an unfortunate but manageable IT incident. That assumption is now dangerously outdated. The recent ransomware attack on Bajaj Auto, one of India’s largest automobile manufacturers, serves as yet another reminder that cybercriminals are no longer targeting just data. They are targeting production lines, research centres, supply…
The Reserve Bank of India’s draft guidance on model risk management marks an important regulatory moment. It recognises a simple but powerful reality: Indian finance is no longer run only by people, policies and systems. Increasingly, it is being shaped by models. These models decide credit pricing, fraud alerts, customer segmentation, collection strategies, liquidity assumptions,…
For decades, energy was largely viewed as a procurement issue. Companies negotiated fuel contracts, managed utility bills and focused on cost optimisation. Few boardrooms regarded energy availability itself as a strategic risk. That assumption no longer holds. A series of geopolitical shocks over the past five years has exposed a reality that many businesses had…
For decades, compliance was largely viewed as a domestic concern. Companies focused on satisfying local regulators, meeting national reporting requirements and managing country-specific legal obligations. That world is rapidly disappearing. Today, a manufacturer in Gujarat exporting to Europe, a technology company serving customers in California, or a pharmaceutical supplier operating across Asia may simultaneously face…
