The Reserve Bank of India (RBI) has urged chief compliance officers and Chief Risk Officers (CROs) to take proactive and pre-emptive measures to mitigate risks. During a conference of heads of assurance functions, including chief compliance officers, CROs, and heads of internal audit from all Scheduled Commercial Banks (SCBs), RBI Deputy Governor M Rajeshwar Rao emphasized the need for a forward-looking perspective on risks and the initiation of pre-emptive measures.
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