Financial Services Secretary M Nagaraju on Thursday warned banks and financial institutions to strengthen cyber security systems and operational resilience, cautioning that advanced artificial intelligence models such as Anthropic’s “Mythos” could pose serious risks to the banking sector if released publicly, PTI reported.Addressing the Indian Banks’ Association (IBA) conference on Risk Management in Mumbai, Nagaraju…

The Reserve Bank of India‘s concessional swap facility could attract $80-85 billion in foreign currency inflows, led by strong Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, according to an SBI research report released on Monday.The report, Ecowrap, said the RBI’s swap scheme has already brought in nearly $20 billion in inflows by July 17, providing a…

A sharp selloff in information technology stocks, triggered by Accenture’s weaker growth outlook, and fresh geopolitical concerns ended the market’s five-session winning streak on Friday, dragging benchmark indices lower.The BSE Sensex fell 607.08 points, or 0.78%, to close at 76,802.90, while the NSE Nifty declined 154.90 points, or 0.64%, to settle at 24,013.10.During the day,…