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Business EconomyPosted at: Feb 5 2016 4:01PM


RBI awarded for Innovation in XBRL Reporting

Mumbai, Feb 5 (UNI) The XBRL International, the global custodian of
the eXtensible Business Reporting Language (XBRL) standard awarded
the ‘XBRL International Award for Excellence’ to the Reserve Bank of
India (RBI).
The award has been given to the Reserve Bank in recognition
of its efforts in ‘Innovation and Continuous Pursuit of Improvement
in Regulatory Reporting', RBI release sald
In a short ceremony held recently at the Reserve Bank of India,
Mumbai, Mr. John Turner, CEO of XBRL International presented the
award and it was received by Shri R Gandhi, Deputy Governor, RBI.
Shri G Mahalingam, Executive Director, RBI, other officials from the
global XBRL community and the XBRL team, Department of Statistics
and Information Management (DSIM), RBI were present.
During the award ceremony, Mr. Turner appreciated the Reserve
Bank for the widespread use of XBRL standard in its data collection
system. He particularly mentioned that the approach taken by the
Reserve Bank in implementing XBRL is quoted extensively in the
global forum. Officials from global XBRL community wished the
Reserve Bank success in developing more such innovative ideas which
will benefit the regulators around the globe.
XBRL has been adopted by around 60 countries and around 100
regulators around the globe and this global recognition is indeed a
matter of great pride for the Reserve Bank.
UNI JS NV AW1552
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Tags: #RBI awarded for Innovation in XBRL Reporting
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