On 30 April 2024, the Reserve Bank of India released an updated Guidance Note on Operational Risk Management and Operational Resilience. This guidance note replaces the earlier guidance of October 2005 and is based on the Basel Committee on Banking Supervision (BCBS) revised documents issued in March 2021, on Principles for the Sound Management of Operational Risk as well as on several international best practices. The revised guidelines emphasise the critical importance of managing operational risks—those stemming from people, processes, technology and external events—in today’s complex and dynamic environment in which Regulated Entities (REs) operate. Read PwC’s perspective on the full guidance note and understand how implementing these changes is essential for mitigating operational risk and enhancing operational resilience: https://bit.ly/3LCnHvy #RethinkRisk #OperationalRiskManagement #FinancialServices #RiskMitigation #Compliance Sivarama Krishnan | Rounak Shah | Amol Bhat
PwC India
Business Consulting and Services
Kolkata, West Bengal 1,649,466 followers
At PwC, our purpose is to build trust in society and solve important problems
About us
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 151 countries with over 360,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com. In India, our highly qualified and experienced professionals listen to different points of view to help you solve business issues and identify and maximise the opportunities you seek. Our industry specialisation allows us to help co-create solutions with our clients for their sector of interest. PwC has offices in these cities: Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chennai, Dehradun, Delhi NCR, Hyderabad, Jaipur, Kolkata, Mumbai, Patna, Pune and Raipur.
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http://www.pwc.in
External link for PwC India
- Industry
- Business Consulting and Services
- Company size
- 10,001+ employees
- Headquarters
- Kolkata, West Bengal
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- Privately Held
- Specialties
- Tax and Advisory
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Employees at PwC India
Updates
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Sanjeev Krishan, Chairperson, PwC India, provides insights into how Union Budget 2024 sets the stage for monetising India’s demographic dividend by addressing structural issues and empowering a future-ready workforce. He outlines key initiatives such as supporting wide-scale internships, enhancing educational reforms, boosting agri-productivity, and fostering entrepreneurship in Tier-II and Tier-III cities. The emphasis on women’s workforce participation and modernisation of agricultural practices further positions the budget as a catalyst for inclusive and sustainable economic growth. Read the full article for an in-depth analysis: https://bit.ly/3Wz14hM #Budget24withPwC #EconomicGrowth #DemographicDividend #TogetherWeFuture Business Standard
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India's FinTech sector is witnessing remarkable expansion, fundamentally transforming the delivery and consumption of financial services. Know more about how Indian FinTechs are expected to change the financial services landscape. Read the PwC India and ASSOCHAM report: https://bit.ly/3WzNomN #FinTech #DigitalTransformation #FinancialInclusion #TogetherWeFuture #assocham Vivek Belgavi | Mihir Gandhi | Geetika Raheja | Manish Sinha
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Explore the concise summary of around 150 proposed amendments and changes from Union Budget 2024-25 that will impact multinational corporations (MNCs). Among these myriad changes, which budget proposals affect you as an MNC in conducting business with Indian third-party customers or managing your Indian subsidiaries and affiliates? Download the report for an overview of these key critical updates: https://bit.ly/3WF6JmM #Budget24withPwC #MNCs #TogetherWeFuture
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The Union Budget 2024-25 has set the stage for transformation in India with a series of strategic reforms and substantial allocations. With a focus on enhancing growth, infrastructure and fiscal stability, here are the top 10 highlights which underscore the government's commitment towards driving economic advancement and innovation across sectors. For more information on the Union Budget, visit our website: https://pwc.in/Budget2024 #Budget24withPwC #EconomicReforms #EconomicGrowth #TogetherWeFuture #UnionBudget24
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Family-owned businesses are the heart and soul of the Indian economy and, by nature, also more challenging than their corporate counterparts. With the next generation joining the leadership board, these businesses are exploring new sectors and are also considering inorganic growth. Yashasvi Sharma, Partner - Deals, PwC India, talks about responsible ownership in family-run businesses at our recent event in collaboration with CII FBN where PwC’s family business advisors and leaders came together for an insightful discussion on the topic ‘Preserving and transitioning ownership in family businesses’. #FamilyBusiness #ResponsibleOwnership #TogetherWeFuture Falguni Shah | Madhan N | Dr Krishnan N
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With consumers both liking and distrusting social media, brands must strike a balance between its significance as a platform for sales and engagement and being mindful of concerns about its credibility. Know more about consumer sentiments on social media in our ‘Voice of the Consumer Survey 2024: India perspective’ report: pwc.in/voiceofconsumer2024 #TogetherWeFuture #VoiceofConsumer #ConsumerConfidence #Trust Ravi Kapoor
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The Union Budget’s focus on enhancing India’s manufacturing competitiveness in electronics and semiconductors is a crucial step forward. Sujay Shetty, Managing Director – ESDM and Semiconductor, PwC India, emphasises the importance of R&D, innovation and value chain diversification. While BCD adjustments will boost smartphone success, extending these measures to other product segments is vital. Ensuring quicker certification and supply chain security will help India achieve its USD 500 billion production target by 2030. For more information on the Union Budget, visit our website: https://pwc.in/Budget2024 #Budget24withPwC #GlobalTourism #IndiaTourism #TogetherWeFuture #UnionBudget24
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Vaishakhi Shah, Executive Director – CP&I, PwC India, highlights the budget announcements aimed at elevating India’s tourism sector. With a focus on religious and heritage tourism, the Government aims to develop the Vishnupad and Mahabodhi temple corridors and Rajgir in Bihar, as well as enhance Odisha’s scenic beauty and landmarks. These initiatives, along with simpler tax regimes for foreign cruise operators, promise significant growth for the sector. For more information on the Union Budget, visit our website: https://pwc.in/Budget2024 #Budget24withPwC #GlobalTourism #IndiaTourism #TogetherWeFuture #UnionBudget24
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Union Budget 2024 maintains a robust capital outlay of INR 11.11 trillion, emphasising the mobilisation of private sector finance and land record reforms. Manish Sharma, Partner and Leader – Infrastructure, Transport and Logistics, PwC India, highlights the strategic setting up of 100 plug-and-play industrial parks and TOD projects for 14 major cities, positioning them as future growth hubs. For more information on the Union Budget, visit our website: https://pwc.in/Budget2024 #Budget24withPwC #InfrastructureDevelopment #UrbanGrowth #TogetherWeFuture #UnionBudget24
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