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Day: November 27, 2024

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RBI deputy governor says data analytics to play key role in central banks enhanced supervisory functions

Addressing ‘High-level Policy Conference of Central Banks from the Global South’ last week, RBI Deputy Governor Swaminathan J said the supervision of banks and financial institutions is a relatively recent development – dating back around 50 years. The senior RBI official further said that to build financial resilience, supervision must be proactive, continuous, forward-looking and risk-focused.