The Reserve Bank of India (RBI) has been awarded the “Risk Manager of the Year Award 2024”.
It is presented by Central Banking, London, United Kingdom.
RBI has received this award for improving its risk culture and awareness.
Executive Director Shri Manoranjan Mishra received the award on behalf of the RBI.
RBI established a regulatory sandbox to facilitate controlled experimentation with new financial technology products and services.
As part of its digital mission, the RBI also encouraged the use of AI and ML in key areas like infrastructure, payments, risk management, audit and analytics.