Reserve Bank of India (RBI) Deputy Governor Rohit Jain has warned that financial institutions' increasing reliance on a small number of common technology providers, including cloud and AI model providers, could create a new source of systemic risk. He highlighted 'speed, concentration and opacity' as key risks, noting that a disruption at one provider could rapidly spread across multiple institutions, amplifying existing financial risks.
RBI Deputy Governor Rohit Jain highlighted that banks are well-positioned to deploy $133 billion mobilised through FCNR(B) deposits, especially with strong credit demand ahead of the festival season, while also stressing the importance of robust technology governance and cyber defences in the financial sector.
Defending champions Jammu and Kashmir made an impressive start to their Ranji Trophy Elite Group A campaign, dismissing Madhya Pradesh for 196 on the opening day. Medium pacer Rohit Sharma led the attack with a five-wicket haul, while Sunil Kumar added four wickets. J&K were 3/1 at stumps, trailing by 193 runs.
The Reserve Bank of India (RBI) has introduced new features for India's digital payment ecosystem, including UPI tap-to-pay for PIN-less transactions up to 5,000 and multi-currency capabilities for forex on Bharat Connect, supporting Euro, British Pound, and other major currencies.
RBI Deputy Governor Rohit Jain discussed the future of India's foreign exchange markets, highlighting the increasing role of local currencies in cross-border trade, the impact of technology, and existing challenges. He emphasised the need for market evolution to facilitate India's global engagement, absorb shocks, and serve all users efficiently. Jain also addressed concerns about unauthorised forex trading platforms and the importance of customer awareness.
Reserve Bank of India Deputy Governor Rohit Jain has stated that India cannot rely solely on bank balance sheets to fund the extensive investment required for its 'Viksit Bharat' (developed India) goal by 2047, emphasising the critical need for deeper corporate bond, foreign exchange, and derivatives markets.
'...but should prepare for listing unless a court grants effective interim relief.'
'This incident will send a wave of fear through the entire Bollywood community.'
"Pressure on the current account is a temporary problem. Sooner rather than later, our external sector will improve," said RBI Governor Sanjay Malhotra.
Teenage hammer thrower Anushka Yadav broke the meet record at the 65th National Open Athletics Championships in New Delhi on Saturday with a throw of 66.53m, surpassing the previous record held by Manju Bala. She dominated the event, with her closest competitor significantly behind.
Delhi Police have arrested two Haryana-based businessmen for allegedly impersonating members of the notorious Kala Jathedi gang. The accused issued extortion threats to a Delhi businessman over a financial dispute, demanding money and threatening dire consequences. Investigations revealed the duo had no actual links to the gang but used its name to intimidate the victim.
The Indian cricket team is preparing for its upcoming three-match series against Afghanistan, with Jasprit Bumrah set to rejoin training after recovering from injury. The team's net session saw Washington Sundar working hard, while concerns over player injuries have led to the BCCI considering the removal of senior physio Kamlesh Jain. Pace bowling coach Morne Morkel was also absent due to visa issues.
RBI Governor Sanjay Malhotra stated it is "premature" to discuss the implementation of Merchant Discount Rate (MDR) for digital payments, advising a "wait-and-watch" approach. He emphasised that investment in public payment infrastructure is necessary and someone must bear the cost, whether through taxes or MDR. The government is currently working on amendments to relevant statutes, and the RBI is focused on strengthening this infrastructure.
Hardik Pandya and Rishabh Pant were not picked in Indian team for the upcoming ODI series against the West Indies, while Ruturaj Gaikwad made a return to the one-day team.
"Our endeavour is to bring headline inflation in line with the target over the medium term," said RBI Governor Sanjay Malhotra, addressing concerns about the central bank's policy stance and economic outlook.
Former Indian cricketer Ajinkya Rahane believes India's recent Test struggles stem from the departure of senior players, emphasising the need for a core of seven to eight experienced cricketers in the longer format.
Awarapan 2, featuring Emraan Hashmi, is set to release 19 years after its original, joining a growing trend of long-delayed Bollywood sequels attempting to capitalise on nostalgia and past successes like Gadar 2 and Border 2, but not all such reboots guarantee box office triumph.
New financial investment funds, including Filmoney Global and CineNow, are entering the 22,000 crore Indian film business, aiming to establish Indian cinema as a new asset class for high-net-worth individuals and institutions, similar to the IPL.
Long before Rehman Dakait made the Internet swoon, Akshaye Khanna had already mastered the art of stealing the show from the dark side.
Ranbir Kapoor and Alia Bhatt cheered Neetu Kapoor's coming family entertainer Daadi Ki Shaadi at a special screening.
Ektaa Kapoor's Balaji Telefilms has announced the launch of Hoonur, a new talent management company aimed at nurturing artists and strengthening storytelling in the entertainment industry.
A woman director of an IAS coaching institute was allegedly robbed of Rs 1.89 crore by a former student and his associates at gunpoint in Bhopal after being held captive at a house.
The Congress party has issued a show-cause notice to a fifth MLA from Haryana, Jarnail Singh, for alleged cross-voting during the recent Rajya Sabha elections, further exposing internal rifts within the state unit.
Learn about the historical spots in India most visited by domestic tourists.
The Delhi high court recently observed the 'next Covid pandemic' was far from over as it asked for details on the Centre's preparedness for the collection of samples, centres and transport policy.
Ranji Trophy: MP enter quarterfinals; Saurashtra on brink of qualification
'Established filmmakers want to go with the sequels of earlier hit films like Housefull 5 or Mastiii 4. They don't want to come up with fresh ideas. This is pure laziness.'
India's new ODI vice-captain Shreyas Iyer might be forced to remain out of action for minimum three weeks
'Sometimes it might look wrong in the fans' eyes, but please don't twist things or create narratives that aren't even close to the truth.'
The emotional high point of the glittering ceremony came when Shreya concluded her performance with Zubeen's iconic song 'Mayabini Ratir Bukut'.
Shreyas Iyer has been named captain of the India A squad for the upcoming three-match one-day series against Australia A, starting September 30 in Kanpur.
Designer Rohit Bal, a pioneer who helped put Indian fashion on the global map and dressed celebrities at home, Hollywood and elsewhere, died on Friday night at a south Delhi hospital following a heart attack. He was 63.
Seniors Rohit Sharma,Virat Kohli, Jasprit Bumrah and Ravichandran Ashwin received exemptions for the Duleep Trophy, starting in Bengaluru on September 5.
Mohammed Shami, who has been out of action since IPL 2025 and is not part of India's ongoing Test tour of England, was named in Bengal's 50-member list of probables for the upcoming domestic season.
Former Union Sports Minister Anurag Thakur was once again rendered ineligible to contest the Boxing Federation of India (BFI) elections, with his name omitted from the electoral college released on Wednesday for the August 21 polls.
'At the moment, it's okay. We've got a few days till the next game,' Rohit said, 'hopefully it should be okay.'
The jokes don't land. The one-liners fall flat. And worse, nobody from the well-stacked cast looks like they are having fun, observes Mayur Sanap.
A sore right knee forced Virat Kohli out of the first ODI against England in Nagpur on Thursday but the extent of the problem was not immediately clear.
The Committee of Management, Shahi Jama Masjid, moved the high court challenging the suit and the Sambhal court order which directed the survey through an advocate commissioner.
The Allahabad high court on Wednesday stayed further proceedings before a civil court hearing the dispute over Jama Masjid in Uttar Pradesh's Sambhal.
