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The Reserve Bank of India shines in the world and receives the ‘Risk Manager of the Year’ award in London

Sagar Patel

By Sagar Patel

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RBI receives the ‘Risk Manager of the Year’ award

Good news has come regarding India and the country’s central bank, RBI. The Reserve Bank of India has received the ‘Risk Manager of the Year 2024’ award from the Central Bank of London.

RBI has provided this information in one of its posts on social media platform X. The post informs that the Central Bank has received this award for its awareness regarding risk culture. CEO Manoranjan Mishra received this award on behalf of the RBI.

The market also got a boost from the RBI

Due to the RBI’s decision not to change interest rates, some sectors have shown tremendous growth. Stocks in the banking, financial, automotive and real estate sectors rose as much as 9.5 percent. The RBI has kept the repo rate at 6.5 per cent in its June monetary policy.

The market capitalization of all companies listed on BSE Sensex has reached Rs 423.27 lakh crore. While the valuation has increased by Rs 7.38 lakh crore in a day. This rise in the stock market was seen when Congress leader Rahul Gandhi on June 4 accused the country of being the biggest stock market scam, causing a loss of Rs 30 lakh crore to 5 crore retail investors of the country. If you look at individual stocks, Wipro, Infosys, Tech Mahindra, TCS and HCL Tech stocks have seen huge gains. All of these stocks have been the top gainers, rising as much as 5 percent.

The RBI is creating a special intelligence system

Let us tell you that while announcing the RBI’s monetary policy, Shaktikanta Das expressed concern over the increasing number of digital payment frauds. He said there is a need to protect the digital payment system from such frauds. Therefore, RBI proposes to create a digital payments intelligence platform, which will monitor intelligence at the network level. Not only this, it will share data across the digital payments ecosystem in real time.

The Reserve Bank of India has constituted a committee to promote the development of this platform. This committee will examine different aspects related to this platform and its operation. According to ET news, the chairman of this committee may be Abhay Hota, who has been the first CEO of the National Payments Corporation of India.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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