Reserve Bank of India Deputy Governor Shri Swaminathan J yesterday delivered a special address titled 'The Board’s Role in Navigating Transformation’ at the Conference of Directors of Private Banks in Mumbai. The Speech can be accessed at : https://lnkd.in/dSxmSEvq
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Application Security, Security Engineering & Security Compliance Senior Manager
'The Boards must also remain vigilant to #operationalrisks, particularly those arising from #IToutsourcing and reliance on third-party vendors. As banks increasingly depend on external service providers for key operations, the potential for disruption grows, especially when coupled with vulnerabilities, if any, in cybersecurity. The CrowdStrike incident earlier this year demonstrated how a faulty patch update could cause millions of computers across countries to crash and create disruptions across several industries. Therefore, it is necessary to ensure that third-party relationships are thoroughly assessed, monitored, and governed with a focus on security and resilience. This includes implementing strong cybersecurity protocols, conducting regular #riskassessments, and ensuring that third parties adhere to the same high standards of security expected within the organisation.' - Shaktikanta Das, Governor, Reserve Bank of India (RBI) #Boards
Reserve Bank of India Governor Shri Shaktikanta Das today delivered a Keynote Address titled ‘Transformative Governance through Sound Boards’ at the Conference of Directors of Private Sector Banks, Mumbai. The Speech can be accessed at : https://lnkd.in/dBH_K8De
The address has words of wisdom for governance structure of all entities, especially those in customer service. Worth pursuing and implementing
Reserve Bank of India Governor Shri Shaktikanta Das today delivered a Keynote Address titled ‘Transformative Governance through Sound Boards’ at the Conference of Directors of Private Sector Banks, Mumbai. The Speech can be accessed at : https://lnkd.in/dBH_K8De
Prime Minister Modi praised the Reserve Bank of India's pivotal role in transforming the banking sector and the economy over the past decade at the central bank's 90th anniversary event in Mumbai. He highlighted the significant progress from previous challenges, emphasizing clear policies and decisions contributing to the sector's revival. PM Modi reflected on the state of India's banking sector in 2014, marked by crises and doubts, where public sector banks struggled to support the economy. However, he noted a significant improvement in the present, highlighting the sector's profitability and record-breaking credit provision. He attributed this positive change to clear policies, intentions, and decisions implemented over the past decade. Watch: https://lnkd.in/gD-yq6eV | #pmmodi #bjp #rbi #rbi@90 #reservebankofindia
#NDTVProfitExclusive: Reserve Bank of India (RBI) Governor #ShaktikantaDas talks about the future of Indian economy and banking, in conversation with Sanjay Pugalia. Tune in to NDTV Profit at 4 pm today.
The Reserve Bank of India (RBI (https://buff.ly/2Vi6LRl)) announced penalties on two co-operative banks, The Bapunagar M - New Post: RBI Bank Fines Two Co-operative Banks for Breaking the Rules https://buff.ly/3wv058n #marketnewsviews #bankingrules #cooperativebanking #indiafintech #rbi
As of July 1, the Reserve Bank of India (RBI) (https://lnkd.in/gTu6N3q5 that 97.87 percent of the Rs 2,000 curre - New Post: RBI Reports 97.87% of Rs 2,000 Notes Returned to Banks https://buff.ly/4cL9uYW #marketnewsviews #2000notes #currencymanagement #demonetization #indianeconomy #rbi
#watch Part 3 Of 5 | “We need a structure where banks don’t fail. You don’t make bank risker by forcing them to make money,” former director of Reserve Bank of India (RBI), Nachiket Mor tells Govindraj Ethiraj on this edition of #TheCoreReport. Tune in: https://lnkd.in/dRsnC2Dt #BankingStability #FinancialRiskManagement #RBI #BankingSector #BankingReform #FinancialRegulation #SustainableBanking #TheCore
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Indian Banks Phase Out ATMs Despite Rising Cash Circulation 𝒇𝒐𝒓 𝒎𝒐𝒓𝒆 𝒅𝒆𝒕𝒂𝒊𝒍𝒔👇👇👇 https://lnkd.in/gSiPZ27F #DigitalTransformation #IndiaBanking #UPI #ATMsDecline #CashlessPayments #BankingTrends #FinancialInclusion #RBIRegulations #BankingInnovation #EconomicShift
#MCProOpinion | Repeated bank failures have shaken the trust of depositors in India’s cooperative banks. RBI’s latest attempt to bring back discipline will hopefully help bridge that trust deficit, writes Dinesh Unnikrishnan Read 👇 #RBI
Senior Manager Risk Management
6hKey points by Sri Swaminathan is really a key for success and future of Pvt Banks. Customer Empathy, Customer Centricity, Risk Management Cyber security and Resilience Talent Retention are Key factors to Success of every organisation.