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ai, India
India cenbank chief warns against financial stability risks from growing use of AI
The growing use of artificial intelligence and machine learning in financial services globally can lead to financial stability risks and warrants adequate risk mitigation practices by banks, the Governor of the Reserve Bank of India said on Monday.
AI amplifies systemic risk to financial sector, says India's Reserve Bank boss
Who also worries misinformation on social media could threaten liquidity The governor of India's Reserve Bank, Shri Shaktikanta Das, yesterday warned that AI – and the platforms that provide it – could worsen systemic risk to the nation's financial system.
Growing AI use could pose financial stability risks: Shaktikanta Das
The increasing adoption of artificial intelligence (AI) and machine learning in financial services globally can lead to financial stability risks, and warrants adequate risk mitigation practices by banks,
AI risks financial stability, warns Indian central bank governor
India cenbank governor warns non-bank lenders of 'growth-at-any-cost' approach
Some Indian non-banking finance companies (NBFCs) are aggressively pursuing growth and chasing excessive returns on equity, which could pose financial stability risks, the central bank governor said on Wednesday.
19h
RBI's new bank-subsidiary norms to force realignments of business
The RBI does not want banks to use step-down entities to circumvent norms that do not apply to them. Effectively, some ...
13d
Reserve Bank of India Unlikely to Kick Off Easing Cycle
India’s central bank isn’t likely to jump on the easing bandwagon next week, as it keeps an eye on inflation, Barclays ...
The Financial Express
2d
Bank Holidays in India: Will banks be closed from October 14-17? Details inside
Are Banks Closed form 14 to 17 October? If you plan to visit your bank during the October 14-17 window, make sure to verify ...
2d
India’s retail inflation hits 9-month high of 5.49% in September, exceeds RBI’s 4% target
India's retail inflation rose to 5.49% in September, driven by higher vegetable prices and a lower year-ago base, surpassing ...
7d
on MSN
India's central bank holds key interest rates steady
The Reserve Bank of India (RBI) kept its key interest rate unchanged today as widely expected, but changed its policy stance ...
Central Banking
6d
Reserve Bank of India holds interest rates
The Reserve Bank of India (RBI) has held its key interest rates even though headline inflation has fallen below its target.
Arabian Business
7d
India’s central bank opts for status quo on interest rate; keep repo rates unchanged at 6.5%
The Reserve Bank of India (RBI) has changed its policy stance to 'neutral', opening the door for rate cuts as early as December ...
7d
on MSN
India Central Bank Holds Rate Steady, Shifts Policy Stance
India’s central bank kept its policy rate unchanged as expected but left the door open for potential easing, keeping an eye ...
8d
India Central Bank Tipped to Hold Rate, But May Signal Policy Shift
Most analysts continue to expect that the Reserve Bank of India will keep its policy rate at 6.50%--where it has been since February 2023--as it keeps an eye on inflation.
5d
on MSN
India's Bandhan Bank surges 10% on cenbank nod for Partha Sengupta as CEO
Shares of private lender Bandhan Bank rose about 10% on Friday after India's central bank approved the appointment of its new ...
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