India Inc is entering a phase in which the demands placed on leadership have changed faster than the leaders themselves. The pace of technological interdependence, regulatory tightening, financial volatility and operational fragility has accelerated to the point where risk preparedness is no longer a matter of good governance. It is a prerequisite for survival. The…
In boardrooms across industries, artificial intelligence has become the new gospel. CEOs talk of “AI-first strategies” and investors reward companies that can sprinkle machine learning into their presentations. The rush to integrate AI into core business functions – finance, HR, logistics, compliance, risk – feels almost inevitable. Yet in this headlong sprint to automate and…
For decades, risk management in banking focused narrowly on measurable exposures credit defaults, liquidity buffers and capital adequacy. This traditional framework worked in an era when risks evolved slowly and were largely internal. But the new financial reality is non-linear. Today, a cyberattack on a fintech partner can cripple payment systems across states; a sanction…
The global outage at Amazon Web Services (AWS) last week, which disrupted thousands of businesses and critical applications across sectors, has reignited a long-overdue discussion on operational risk within India’s banking, financial services and insurance (BFSI) ecosystem. As Indian financial institutions deepen their reliance on cloud platforms, the event serves as a vivid reminder that…
The year 2025 has witnessed a significant surge in cyberattacks, impacting critical sectors and economies worldwide. Notably, incidents such as the cyberattack on Jaguar Land Rover (JLR) and the disruption of Collins Aerospace’s systems have underscored the vulnerabilities in global supply chains and the interconnectedness of modern industries. This article delves into the short-term and…
In Conversation with Mr. Shanmugavel P., CEO of NCS SoftSolutions As enterprises navigate increasingly complex risk environments, the demand for agile, scalable and technology-driven audit solutions has never been greater. For over two decades, NCS SoftSolutions has been at the forefront of enabling organizations to strengthen their risk and compliance frameworks. Its flagship product, eTHIC,…
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…
