What is work of RBI and what is risk and fraud

Question

Accepted Answer

RBI regulates monetary policy, supervises banks, and manages foreign exchange. Risk and fraud involve financial loss due to deception or mismanagement.

RBI is the central bank of India and is responsible for regulating monetary policy, supervising banks, and managing foreign exchange.
Risk involves the potential for financial loss due to uncertainty or unforeseen events.
Fraud involves intentional deception or misrepresentation for financial gain.
Fraud can take many forms, such as embezzlement, identity theft, or Ponzi schemes.
Risk and fraud are major concerns for financial institutions and require constant monitoring and investigation to prevent and mitigate losses.

Accepted Answer

It outlines the major risk issues leaders like you will face and provides practical steps to confidently plan for what’s ahead.

What is work of RBI and what is risk and fraud

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