India is exploring a centralized back-office tech hub for Regional Rural Banks (RRBs) to accelerate digital services while tightening cybersecurity and compliance. National Bank for Agriculture and Rural Development may lead, using shared digital platforms, analytics, common procurement and knowledge exchange with sponsor banks. The move follows concerns flagged in a high-level meeting chaired by Finance Minister Nirmala Sitharaman about AI-driven weaponisation of software vulnerabilities. RRBs reported ₹7,720 crore consolidated net profit in nine months of FY26, alongside faster loan growth.
Indian companies are ramping up demand for cyber insurance to cover emerging AI liability risks. As AI agents could behave unpredictably and chatbots may share wrong information, businesses want protection tailored to these threats. Insurers are updating underwriting to measure AI exposure, signaling a market preparing for fast-growing global demand around AI related cyber claims.
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Sebi Chairman Tuhin Kanta Pandey said India’s banking and insurance regulators are not in favour of allowing lenders and insurers to trade in commodity markets, citing legitimate concerns. Separately, Sebi is preparing an advisory on emerging AI risks, warning that powerful models can exploit weaknesses at speed. The regulator is also set to roll out C-KYC 2.
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