RBI XBRL Help desk
What is XBRL RBI?
XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business and financial data which is revolutionising the business reporting around the world. It offers major benefits to all those who have to create, transmit, use or analyse such business information.
How can I contact RBI?
The Reserve Bank of India has set up a Consumer Education and Protection Cell (CEP Cell) in all its Regional Offices. Any person who has a grievance against any department of the Reserve Bank may lodge his complaint with CEP Cell (email: crpc@rbi.org.in).
What is XBRL in Reserve Bank of India?
Within Reserve Bank of India, XBRL has been viewed as a natural evolution of the existing Online Returns Filing System (ORFS). While ORFS does the job of data capturing and transmission of returns from banks to the Reserve Bank, it incorporates no in-built standardization.
Who is responsible for implementing XBRL?
Reserve Bank of India is responsible for implementing the XBRL standard for banks' reporting. Within RBI, XBRL implementation is being regularly monitored by a High Level Steering Committee appointed by the Governor. In the XBRL system, the returns are being taken up in phases. Seven returns were implemented in the phase I.
What is XBRL (eXtensible Business Reporting Language)?
XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business and financial data which is revolutionising the business reporting around the world. It offers major benefits to all those who have to create, transmit, use or analyse such business information.
Reserve Bank of India (RBI) is empowered to impose penalties under various statutes applicable to the banking and financial sector. The enforcement process was spread across various supervisory/regulatory departments. In line with the international best practices of separating enforcement action from the regulatory/supervisory process, the Enforcement Department was set up in April 2017 with a view to put in place a structured, rule based approach to identify and process the violations by ...
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