Risk manager: Reserve Bank of India

Adoption of ERM 2.0 will shape RBI’s risk management for the next 10 years

RBI Picture 5
The risk monitoring department at the RBI
Reserve Bank of India

Rolling out a new enterprise-wide risk management (ERM) framework across an organisation as large as the Reserve Bank of India (RBI), with its more than 12,000 members of staff (according to the latest annual report), was never going to be easy. But, with the central bank’s last ERM dating back to 2012, this was work that had to be done.

“We have had to come up with new policies for enterprise-wide implementation. This has included developing an emerging risk-scanning framework mechanism and

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