Artificial intelligence (AI) is transforming industries with unprecedented speed, but it also poses serious risks if left unchecked, said Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar on Tuesday.
Biju Janata Dal (BJD) President Naveen Patnaik on Tuesday congratulated Shirish Chandra Murmu for his appointment as Deputy Governor of the Reserve Bank of India.
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Shirish Chandra Murmu as the Deputy Governor of the Reserve Bank of India (RBI). He is currently serving as the Executive Director at the apex bank.
RBI Deputy Governor M Rajeshwar Rao has called for frequent data updates by Credit Information Companies (CICs), asserting that it will improve loan underwriting precision, among others.
The Reserve Bank of India (RBI) announced a redistribution of portfolios among its Deputy Governors on Friday with immediate effect, following the appointment of Dr Poonam Gupta as Deputy Governor on April 2.
The Appointments Committee of the Cabinet (ACC) has approved the reappointment of T. Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI) for a period of one year.
Poonam Gupta, currently the Director General of the National Council of Applied Economic Research (NCAER), has been appointed Deputy Governor of the Reserve Bank of India for three years or until orders.
Under contruction building collapsed in front of JJ Mall in Chatuchak market in Thailand's capital, Bangkok, as an earthquake of 7.7 magnitude, which occurred in Myanmar's Mandalay, was felt across Thailand, China and Vietnam.
Financial institutions must invest in digital infrastructure and adopt a data-driven, customer-centric approach to remain competitive in the evolving financial landscape, said M. Rajeshwar Rao, Deputy Governor of the Reserve Bank of India (RBI).
M Rajeshwar Rao, Deputy Governor of the Reserve Bank of India (RBI), highlighted the importance of institutionalising data under the Insolvency and Bankruptcy Code (IBC) to provide valuable insights and precedents for handling complex cases.
The "buy now, pay later" (BNPL) schemes and the credit card spending facilitate immediate consumption and reduce the savings of the younger generations, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India.
M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) on Sunday highlighted the transformative journey of the Insolvency and Bankruptcy Code (IBC) since 2016, emphasising its critical role in improving bank asset quality and facilitating substantial pre-admission settlements of un