MUMBAI, June 24 (Reuters) – RBI has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a
Mumbai, May 13 (PTI) The rupee rebounded by 16 paise from its all-time low to 95.52 against the American currency in early trade on Wednesday amid hopes of lower demand for the US dollar due to import curbs. Forex traders said market
CHENNAI/BENGALURU, India, May 13 (Reuters) – India’s travel industry fears that an appeal by Prime Minister Narendra Modi to avoid unnecessary foreign travel will squeeze new bookings after inflationary pressure knocked down summer overseas inquiries by as much as 15%, industry and
New Delhi, May 12 (PTI) Gold prices climbed Rs 1,500 to Rs 1.56 lakh per 10 grams in the national capital on Tuesday, and silver soared more than 4 per cent to Rs 2.77 lakh per kilogram, mainly due to a sharp
NEW DELHI, May 12 (Reuters) – Retail inflation quickened to 3.48% in April, driven by dearer food prices, government data showed on Tuesday, with the outlook clouded by risks from rising energy costs tied to the Middle East conflict. April’s reading came
