The Reserve Bank of India (RBI) has issued a press release on its compendium on Business Continuity Measures during the COVID-19 Pandemic. The press release was issued on 27th February, 2023.
This compendium on Business Continuity Measures was released on 17th February, 2023. It was released at the annual conference of the Corporate Strategy and Budget Department of the RBI.
RBI mobilised a cross-functional response to perform the following objectives during covid-19:
- safeguard lives and livelihood of the people;
- insulate the economy and the financial sector;
- ensure uninterrupted conduct of crucial functions and maintain business continuity;
- support employees, service providers and other stakeholders.
More than one hundred measures, both conventional and unconventional, were undertaken during the period. The effort was to be proactive and innovative, while remaining on guard to preserve financial stability.
The present compendium encapsulates the details of RBI’s fight against the COVID-19 pandemic.
