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The Reserve Financial institution on Friday stated it has been chosen for the Danger Supervisor Award by the London-based Central Banking as a part of Central Banking Awards 2024. “Reserve Financial institution of India has been chosen for the Danger Supervisor Award by Central Banking, London, as a part of Central Banking Awards 2024, for rolling out a brand new enterprise-wide danger administration (ERM) framework throughout the group,” RBI stated in a submit on X.
Rolling out a brand new ERM framework throughout an organisation as giant because the RBI, with its greater than 12,000 members of employees (in accordance with the newest annual report), was by no means going to be straightforward, Central Banking stated in an announcement.
However, with the central financial institution’s final ERM relationship again to 2012, this was work that needed to be completed, it stated.
