The Reserve Bank of India (RBI) received the 'Risk Manager of the Year Award 2024' at the Central Banking Awards 2024, recognizing its significant progress in enhancing risk culture and maintaining financial stability in India.
The award was accepted by RBI's Executive Director, Manoranjan Mishra, in London, UK.
The RBI established a regulatory sandbox for fintech experimentation, enabling risk assessment of new financial products. Additionally, in June 2024, the RBI amended the Foreign Exchange Management (Overseas Investment) Directions, 2022, to ease overseas investment regulations for wealthy Indians, business families, and startups.
