The Reserve Bank has selected two global consultancy firms to develop systems using artificial intelligence and machine learning for its supervisory functions?
The Reserve Bank has selected global consultancy firms McKinsey and Company India LLP and Accenture Solutions Pvt Ltd India to develop systems using artificial intelligence and machine learning for its supervisory functions. The RBI is looking to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision over banks and NBFCs. For this purpose, the central bank plans to hire external experts. Based on the scrutiny/evaluation set out in the Expression of Interest (EOI) document, the central bank had shortlisted seven applicants to participate in the request for proposal process (RFP) for the selection of consultant(s). The seven firms were Accenture Solutions Private Limited; Boston Consulting Group (India) Pvt Ltd; Deloitte Touche Tohmatsu India LLP; Ernst and Young LLP; KPMG Assurance and Consulting Services LLP; McKinsey and Company; and PricewaterhouseCoopers Pvt Ltd.
Concerning Srinagar's designation as a World Craft City:
1. The designation was given by the World Crafts Council (WCC).
2. It recognizes ...
Two hill ranges Gandachera and Atharamura have been renamed in Kokborok as Ganda Tuisa and Hachuk Berem respectively. These hill ranges are in ______.
How much of India's power is currently sourced from coal?
In which district of Rajasthan "Maru Mahotsav" is organized?
For what pioneering endeavor did India secure the 9th GovTech Prize at the World Government Summit 2024?
What is the objective of the National Transit Pass System ( NTPS ) , recently launched by Union Minister Bhupender Yadav?
In which year did India release its first National Multidimensional Poverty Index (MPI)?
What significant astronomical discovery was made by European astronomers involving the Milky Way?
What percentage did Mutual Fund net inflows decline in August 2024, as per AMFI data?
Who has been sworn in as the third Vice- President of Nepal?