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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.
Recently Prime Minister launched a global initiative “ LiFE ” movement. What does “E” stand for?
Which states’ assembly recently passed the Lokayukta Bill 2022?
Recently which country has become the first from Asia to join NATO Cyber Defence Group?
The Reserve Bank of India (RBI) has asked banks not to classify zero balance accounts, which are opened for the beneficiaries of government schemes like...
Which bank signed a MoU with the Software Technology Parks of India for leveraging innovation through the financial technologies engaged under the FinBl...
Tropical Cyclone Alvaro made landfall in southwest Madagascar. What is the main objective of the intergovernmental project ‘REPRESA’ launched across...
Adwaita Nayar was recognized as a Young Global Leader by the World Economic Forum for her innovative contributions in the __________ industry .
What was the cumulative growth in the Index of Eight Core Industries (ICI) from April to October 2024?
Who won the men’s World Rapid Chess Championship 2021?
With reference to the Pradhan Mantri Jan Arogya Yojana (PMJAY), consider the following statements:
I. It provides for ...