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RBI eases compliance reporting norms for banks

14 Jul, 2016  Posted By Rajesh Krishnaswamy   Posted in RBI
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The financial scandals of the late 90s and early 2000s resulted in Reserve Bank of India (RBI) mandates to the various banks in India to submit regulatory reports primarily to prevent and deter frauds and money laundering. Today most of … Continue reading

 

RBI recognized for XBRL reporting initiative by XBRL International

02 Feb, 2016  Posted By Getsy Jenita J   Posted in RBI
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The Reserve Bank of India (RBI), the regulator and supervisor of the financial system in the country, has been awarded the XBRL International Award for Excellence by XBRL International, the global custodian of the eXtensible Business Reporting Language (XBRL), in … Continue reading

 

RBI shares their experience of XBRL implementation

11 Dec, 2015  Posted By Getsy Jenita J   Posted in RBI
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Reserve Bank of India, the apex financial institution of the country had implemented data collection in standardised format since 2008 as a part of their regulatory and supervisory function. The data which is collected from the commercial banks, financial institutions, … Continue reading