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…
India’s healthcare system, long challenged by uneven access, limited capacity and rising costs, is now confronting a more insidious danger: cyberattacks. A recent industry report suggests that hospitals and health institutions in the country are weathering an average of 8,600 attacks each week—more than four times the global average. Healthcare alone accounts for nearly a…
On October 9, 2025, Mr. Shirish Chandra Murmu formally assumed office as the Deputy Governor of the Reserve Bank of India (RBI), taking over from Mr. M. Rajeshwar Rao., Mr. Murmu’s appointment comes at a pivotal time for India’s financial sector, where rapid technological innovation, evolving market dynamics and global economic uncertainties require steady leadership….
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…
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…
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…
