Addressing financial stability concerns, Murmu flagged emerging systemic risks from increased reliance on cloud services, algorithms, and third-party technology providers. He stressed that accountability for technological outcomes must remain firmly with regulated entities, even when operati
The International Monetary Fund (IMF) has raised concerns about potential financial instability in India due to the concentrated exposure of Non-Banking Financial Companies (NBFCs) to the power and infrastructure sector.
Singapore/ Mumbai (Maharashtra) [India], September 5: International sustainability non-profit Forum for the Future has today published its latest Future of Sustainability report, "Courage to Transform". It highlights four possible future trajectories and calls for five shifts in how business
The survey also showed respondents' confidence in the Indian financial system further improved with 93.6 per cent of them remaining fairly or highly confident of the stability of the Indian financial system. The 23rd round of the RBI's Systemic Risk Survey was conducted in November 2022 to s
Singapore, June 30 (ANI): Indian banks face systemic risk as the country sorts through the aftermath of Covid the second wave, S&P Global Ratings said on Wednesday.
Mumbai (Maharashtra) [India], July 1 (ANI): The Reserve Bank of India (RBI) on Wednesday said the Centre has approved a scheme to improve the liquidity position of non-banking finance companies (NBFCs) and Housing Finance Companies (HFCs) through a Special Purpose Vehicle (SPV) to avoid any