The Reserve Bank of India (RBI) recently won the "Risk Manager of the Year Award 2024" from Central Banking. This award shows how RBI is good at handling risks to keep India's economy stable.

RBI announced this on social media platform X (used to be Twitter). “The Reserve Bank of India has been awarded the Risk Manager of the Year Award 2024 by Central Banking, London, UK.

“RBI was awarded the best risk manager for improving its risk culture and awareness. Executive Director Shri Manoranjan Mishra received the award on behalf of the RBI,” read a post on RBIs X account.

Central Banking gave this award because the apex bank of India is good at dealing with complicated financial situations and making people trust banks. This award shows that RBI is doing well now and is ready for new challenges in the world's financial markets.

RBI's award boosts India's economy and global banking standards.