May 17, 2026

Nagaraju

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AI risk warning: Banks must prepare for cyber threats from advanced models like Mythos, says DFS Secretary Nagaraju

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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…

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PSU banks profit may cross Rs 2 lakh crore in FY26; DFS secretary M Nagaraju hints strong credit growth

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Public sector banks (PSBs) are expected to cross the Rs 2 lakh crore combined profit mark in the current financial year, buoyed by strong balance sheets, steady credit expansion and improved asset quality, Financial Services Secretary M Nagaraju said.Speaking to PTI in an interview, Nagaraju said the Indian banking system remains resilient, supported by regulatory…

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Digital push: LIC urged to double down on mobile-first outreach; focus on ‘insurance for all’, says Nagaraju

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Financial Services Secretary M Nagaraju has asked the Life Insurance Corporation of India (LIC) to sustain its push on digital marketing and a mobile-first strategy to help achieve the national objective of “insurance for all”.Speaking at LIC’s strategy meet in Mumbai, Nagaraju said the insurer’s expanding digital outreach would be critical to widening coverage and…

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