Banking

India's central financial regulatory authority - the Reserve Bank of India (RBI) recently released its Annual Report for 2023-24. Here is everything that caught our attention.

Indian regulators in BFSI have been known for their hawkish stand for decades. While their policies have both critics and supporters, they have been largely helpful in stabilizing the macroeconomic factors. But headwinds in BFSI in the past few years have become more complex – due to the penetration of digital real-time systems, governmental policies (both state and central), and private industry innovation. As June approaches, all eyes are going to be on the new cabinet that forms and the subsequent policy-making that should address these complexities.

The collapse of a bank can cause chaos and confusion for account holders and businesses alike. During these uncertain times, financially-motivated cyber-criminals are known to seize opportunities, targeting former account holders and the customers they serve.