RBI

The RBI said AI-enabled cyber threats have emerged as the biggest near-term cyber risk for banks and financial institutions.

The abrupt exit of HDFC Bank’s chairman, coupled with unusually sharp language in his resignation letter, has exposed a disconnect between board-level assurances and market expectations for transparency at a systemically important financial institution.

Atanu Chakraborty flags governance concerns in exit letter as ADRs drop and stock slides in Mumbai

The central bank is examining AI-led surveillance across ATMs and branches, as banks weigh gains in fraud detection against privacy and operational challenges.

Acquisition adds RBI-licensed cross-border aggregation and in-store acquiring, expanding BillDesk’s footprint across online and offline merchant payments.