RBI’s Enterprise Continuity Measures in the course of the COVID-19 Pandemic
RBI has released a compendium of the enterprise continutity measures it took in the course of the pandemic:
A compendium on Business Continuity Measures undertaken by the Reserve Financial institution of India (RBI) in the course of the COVID-19 Pandemic was launched on February 17, 2023 within the annual convention of the Company Technique and Price range Division of the Reserve Financial institution of India (RBI) by Dr. Michael Debabrata Patra, Deputy Governor.
To sort out the challenges posed by the pandemic, RBI mobilised on an unprecedented scale and velocity to place in place a cross-functional response to safeguard lives and livelihood of the folks; insulate the economic system and the monetary sector; guaranteeing uninterrupted conduct of its essential capabilities and sustaining enterprise continuity; supporting its staff, service suppliers and different stakeholders. A couple of hundred measures, each typical and unconventional, have been undertaken in the course of the interval. The trouble was to be proactive and revolutionary, whereas remaining on guard to protect monetary stability.
The compendium encapsulates the main points of RBI’s combat in opposition to the COVID-19 pandemic.
Given the character of the shock, it was commendable that funds, banking and monetary markets continued to operate with out glitches.
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