India’s rapid shift to digital banking and instant payments has fundamentally changed how money moves. It has also changed how fraud happens and, more importantly, how it must be managed. As cyber-enabled financial fraud rises in scale and sophistication, recovery of lost funds is no longer a secondary concern. It is fast becoming a core…
For much of the past decade, operational resilience was treated as an insurance policy: costly, necessary, and largely invisible when things went right. Today, that framing is no longer sufficient. In an era marked by supply-chain fragmentation, cyber disruptions, climate volatility and abrupt shifts in capital flows, resilience has emerged as a source of competitive…
Boardrooms are being reshaped less by regulation than by risk. Across markets, directors are discovering that traditional governance frameworks, built for incremental change and stable assumptions, are increasingly misaligned with a world defined by volatility, technology shocks and geopolitical spillovers. By 2026, “good oversight” will no longer be measured by the number of committees formed…
For years, cybersecurity was treated as a technical function: delegated to the CISO, discussed in IT sub-committees and reviewed primarily through the lens of compliance. That era is decisively over. In today’s environment of AI-enabled threats, geopolitical cyber spillovers and digitally intertwined supply chains, cyber resilience has become a CEO-level metric, one that increasingly defines…
The Clearing Corporation of India Limited (CCIL) has announced the appointment of Mr. M. Rajeshwar Rao as Independent Director and Non-Executive Chairman, marking a significant leadership transition at the country’s systemically important financial market infrastructure institution. He succeeds Mr. R. Gandhi, who recently retired as Chairman of CCIL. Mr. Rao brings over four decades of…
Kotak Mahindra Bank has strengthened its senior leadership with the appointment of Anup Kumar Saha as Whole-time Director, subject to regulatory and shareholder approvals. He will initially join as Designate Whole-time Director and become part of the bank’s Senior Management from 12 January 2026. Anup brings over two decades of experience across consumer and retail…
By Amit BaraskarTreasury Head, Thomas Cook India Currency weakness is often dismissed as cyclical noise. But when depreciation becomes persistent, broad-based and regionally uncompetitive, it stops being a market fluctuation and starts resembling a policy signal. The recent slide of the Indian rupee belongs firmly in the latter category. While several foreign banks continue to…
By Anand Iyer Group Chief Technology Officer, ICRA By 2026, the CTO’s mandate will be judged less by the speed of delivery and more by the quality of endurance: how well the enterprise withstands shocks, preserves trust and proves control over increasingly autonomous digital systems. The backdrop is a risk environment where cyber incidents, regulatory…
Artificial intelligence has moved faster into boardrooms than most previous technologies. In a matter of months, AI systems have been embedded into customer service, credit assessment, fraud detection, HR screening, software development and strategic analysis. For many organisations, the narrative is one of rapid adoption and visible productivity gains. Yet beneath this enthusiasm sits a…
The most consequential risk failures rarely stem from ignorance. They arise when leaders believe they are aligned, until a crisis exposes that they were never speaking the same language to begin with. In modern enterprises, risk no longer sits neatly within compliance manuals or technology roadmaps. It lives at the intersection of strategy, reputation, resilience…
