RBI Awarded “Risk Manager of the Year 2024”
In 2024, the Reserve Bank of India (RBI) received the “Risk Manager of the Year Award” from Central Banking, recognizing its advancements in risk management, particularly through AI and ML. The award, accepted by Mr. Manoranjan Mishra, highlights RBI’s role in financial stability. Despite benefits, RBI acknowledges risks of over-reliance on technology. Established in 1935 and nationalized in 1949, RBI regulates India’s financial system, manages foreign exchange, and issues currency.
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