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HDFC Bank governance concerns ease; Kotak Mahindra Bank’s next CEO may come from within: InGovern
Shriram Subramanian, Founder and Managing Director of InGovern, believes HDFC Bank has largely moved past the governance concerns triggered by allegations made by its former chairman, with investor focus now shifting to the appointment of a new chairman and the bank's next chief executive.
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.
RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
The Reserve Bank of India is implementing stringent rules for banks and financial entities using Artificial Intelligence. A new draft framework mandates 'kill switches' for AI models, ensuring immediate shutdown if errors occur. Banks must also ensure human oversight, disclose AI use to customers, and manage risks associated with third-party AI providers. Board-level accountability for AI governance is a key focus, with a risk-based approach to model oversight.
Apollo Hospitals taps Shobana Kamineni to chair soon-to-be listed Healthtech unit
Apollo Hospitals is appointing Shobana Kamineni as executive chairperson of its upcoming medical equipment business, Apollo Healthtech. This move is part of a larger restructuring plan to unlock business value. Apollo Healthtech is expected to be listed separately. The company aims for significant revenue by listing. This signals a focus on growth and governance for the new entity.
As cos fast-track AI adoption, data & infra readiness come under spotlight
Indian companies are rapidly adopting artificial intelligence. While some have fully integrated AI, many are still in pilot phases. Challenges like data management and infrastructure modernization hinder widespread adoption. Organizations are prioritising data quality and governance for successful AI deployment. Scaling AI reliably remains a key focus for businesses.
Explained: Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh Exports
Rajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying personal transactions as corporate sales and diverting company funds. The regulator's interim findings have raised serious governance concerns, though the company has strongly denied the allegations and defended its financial reporting.
Rajesh Exports says 400 GB data shared with Sebi amid accounting row
Shares hit lower circuit after Sebi's interim order, while LIC's continued holding in the company comes under scrutiny amid governance concerns
Who is Rajesh Mehta, man behind Rajesh Exports, facing SEBI ban over alleged Rs 15.15 lakh crore 'fraud' impacting LIC, others?
Market regulator SEBI has taken action against Rajesh Exports and its Chairman Rajesh Mehta. The company faces allegations of significant financial misstatements and fund diversion. SEBI's order points to a pattern of non-genuine transactions and questionable accounting. This action raises serious concerns about the company's financial reporting and corporate governance practices.
BFSI firms set to see AI-led decision making & real-time fraud detection
Indian banks and financial firms are increasingly using AI for critical tasks like fraud prevention and decision-making. While early adopters are seeing success, many companies still face hurdles in infrastructure and governance. AI is now integral to core operations, not just customer service. Future plans focus on boosting productivity and customer growth through AI.
India’s realty sector sees rise in ESG-linked fundraising amid tighter lending
Indian real estate is embracing green finance. Investment funds and property platforms are linking their fundraising to environmental and governance standards. This trend is attracting institutional investors seeking stable returns and lower risks. Recent deals by Sundaram Alternates, Brookfield India REIT, Mindspace Business Parks REIT, and Nexus Select Trust highlight this growing focus on ESG-aligned real estate.
Sebi, NISM and IICA sign MoU to strengthen capital markets, focus shifts to governance and ESG - The Times of India
Sebi, NISM and IICA sign MoU to strengthen capital markets, focus shifts to governance and ESGThe Times of India
Why the SEC proposal to allow bi-annual reporting isn’t worth emulating in India
Less frequent reporting can lead to bigger earnings surprises and sharper stock price swings, as market trends have shown. Supporters of the quarterly regime also argue that the “90-day treadmill” keeps management accountable, warning that without it companies could lose focus and corporate governance standards may weaken, writes Chartered Accountant S Murlidharan.