India’s central bank warns that rapid digitalization is shrinking the window for regulators to address financial risks. Deputy Governor Shirish Chandra Murmu emphasized the need for proactive detection and agile interventions to maintain stability. He highlighted challenges including the speed of technological change, fragmented oversight, calibrating regulation, systemic risks from innovations, and cybersecurity concerns.
Axis Bank Q3 results: PAT rises 3% YoY to Rs 6,490 crore, NII grows 5%
Axis Bank announced its December quarter results. The bank’s standalone net profit saw a 3% increase, reaching Rs 6,490 crore. Interest income also grew by