Speaking at a press conference following the inauguration of a new State Bank of India office in Pune, Nirmala Sitharaman remarked that “The challenge posed by advanced AI is fundamentally different from what banks have successfully managed so far.” The statement reflects a deeper structural shift underway in global finance. For decades, banks have relied…
Artificial Intelligence is set to fundamentally reshape the financial sector, but its adoption must be guided by strong governance, fairness and accountability, said Swaminathan J, Deputy Governor of the Reserve Bank of India, in a recent address at SASTRA University. Speaking on “AI in Finance: What can change, what must never change,” He framed the…
In an environment where insurance is being reshaped by digital scale, artificial intelligence and rising cyber threats, risk leadership has become central to institutional credibility. In this exclusive conversation with K V Dipu, Senior President, Bajaj General Insurance, reflects on nearly three decades of leadership across cards, finance and insurance and outlines how his philosophy…
For decades, India’s banking sector especially public sector banks (PSBs) was seen through the lens of bad loans, capital erosion and recurring bailouts. Today, that narrative is changing. The sector has moved from crisis management to confidence building. What we are witnessing is not just financial recovery but the rise of Banking Reforms 2.0, where…
In the global race for digital dominance, innovation is no longer the only measure of strength. Nations today are increasingly defining their digital power not just by how fast they adopt emerging technologies, but by how effectively they control, secure and govern their data. For India, a country with over 1.4 billion people and one…
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,…
