India grappled with an unprecedented wave of cyber fraud in 2024, recording over 36 lakh incidents that drained victims of Rs 22,845 crore a staggering 206% increase from the Rs 7,465 crore lost the previous year. This surge, detailed in government data shared with Parliament, underscores the growing sophistication of cybercriminals and the urgent need…
In India’s fast-evolving digital economy, where financial services are increasingly delivered through apps, APIs and cloud-based platforms, the notion of trust is being rewritten. Once a function of brand equity or legacy, trust is now a matter of security architecture. And the Reserve Bank of India (RBI) is making that abundantly clear. In 2024, the…
Why India’s Risk Professionals Must Move from Reporting to Readiness As FY25 unfolds, India’s financial institutions are being tested not only by market volatility, but by regulatory transformation, global macro shifts, and the growing digital complexity of the businesses they serve. Risk management, once confined to quarterly compliance reviews, is now a strategic function that…
When India launched the Account Aggregator (AA) framework as the third pillar of its digital public infrastructure following the success of Aadhaar and UPI it was hailed, rightly, as a financial game-changer. For the country’s 70 million small and medium enterprises (SMEs), the promise was clear: ditch paperwork, skip branch queues and access credit faster…
Until recently, sustainability was rarely a factor in deciding whether a micro or small business in India could get a loan. That’s changing fast. What was once seen as a “big business issue” is now deeply embedded in how credit decisions are being made for India’s 6.3 crore+ MSMEs. Environmental, Social and Governance (ESG) risks…
Rajendra Bhalerao has been appointed as the Chief Information Security Officer (CISO) of Central Bank of India, marking a strategic addition to the bank’s leadership team at a time of heightened cybersecurity focus in the financial sector. With over two decades of expertise in information security, risk management, and digital payments security, Bhalerao will now…
Hindustan Unilever Limited (HUL) has recently announced the elevation of Priya Nair as its next Chief Executive Officer and Managing Director, effective 1st August 2025. Nair, who currently serves as President, Beauty & Wellbeing at Unilever, will also join the HUL Board, subject to regulatory approvals, while continuing as a member of the Unilever Leadership…
Life Insurance Corporation of India (LIC), the country’s largest insurer, has ushered in a new chapter in its leadership. The Central government officially appointed Mr. R Doraiswamy as LIC’s CEO and Managing Director (MD) on July 14, 2025, making him the first person to hold this unified top executive role after a major restructuring of…
Aditya Birla Sun Life Insurance (ABSLI) has announced the promotion of Dinesh K.R. as the new Head – Corporate Human Resources, marking a significant step in his six-year journey with the organisation. Dinesh, who shared the news via LinkedIn, joined ABSLI in August 2019 as Associate Vice President – Human Resources, and was subsequently elevated…
Bandhan Bank has officially appointed Biju E Punnachalil as its new Chief Risk Officer (CRO) for a tenure of three years, effective July 14, 2025. His appointment concludes the interim term held by Sundeep Bhan. With a distinguished banking career spanning over three decades, Biju brings deep expertise in risk management, treasury, retail banking, and…
