RBI report details Covid contingency measures
Central bank reorganised staff and processes at “unprecedented scale and speed”
Like other central banks, the Reserve Bank of India carried out sweeping changes to its operations as Covid-19 struck. A new document published by the RBI sheds light on the business continuity decisions senior managers took in the face of the pandemic.
The RBI “mobilised on an unprecedented scale and speed”, governor Shaktikanta Das writes in the report’s introduction. Officials were guided by the need to continually assess the central bank’s ability to conduct uninterrupted operations, while
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