PART III Initiatives of RBI The Reserve Bank has been a guiding force for banks in their endeavour for implementation of IT initiatives. As the central bank, it has played a pivotal role by providing a environment conducive to promoting technological adoption in the financial sector.
As a Central Bank, we also have a strong interest in promoting the work of the ICIEC. As a regulator of banks, and the financial sector more generally, the CBB aims to encourage the adoption of high standards of risk management throughout the sector.