Saturday , November 23 2024

RBI directs to strengthen cyber risk management, IT and tech jobs coming up in BFSI sector | News India

RBI has given priority to risk management for security and stability in the financial sector. In such a situation, most of the jobs will be found in cyber security, advanced analytics, artificial intelligence, machine learning driven solutions and automation technologies. Although the overall pace of recruitment in the BFSI sector is also slow, the demand for IT and technical professionals is expected to grow by 6 to 8 percent.

Reliance Retail announced its entry into the luxury jewellery segment, competing with Tata's CaratLane and other legacy brands.

In the era of digital economy, cyber security of everyone from common man to big companies of the country is always at risk. Naturally, the important banking and insurance sectors in the financial system will require a large number of IT graduates and professionals to deal with this challenge. So that they remain updated on the risk management parameters of RBI.

It is worth noting that Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday, 24 August that the central bank is constantly working on creating policies, systems and platforms that will make the financial sector strong, aggressive and customer-centric. In such a situation, customers will get more facilities in digital payment and online banking and cases of cyber fraud can also be controlled with a strong digital system.

RBI has given priority to risk management for security and stability in the financial sector. In such a situation, most of the jobs will be found in cyber security, advanced analytics, artificial intelligence, machine learning driven solutions and automation technologies.