The Reserve Bank of India (RBI) has taken significant actions recently, including superseding the board of Aviom India Housing Finance due to governance concerns. This decision underscores the RBI's commitment to maintaining regulatory oversight in the financial sector. Additionally, RBI Governor Malhotra has met with managing directors and CEOs of both public and private sector banks to address the increasing incidence of digital fraud. The RBI has urged banks to enhance their cybersecurity measures and improve oversight of third-party service providers to mitigate risks associated with digital transactions. These developments reflect the RBI's proactive approach to ensuring the stability and integrity of India's banking system.