RBI gets award for innovation in XBRL reporting

The Reserve Bank of India had been awarded with the extensible Business Reporting Language (XBRL) International Award for Excellence and its efforts to improve regulatory reporting

• XBRL(extensible Business Reporting Language) is a freely available and global standard for exchanging business information.
• XBRL allows the expression ofsemantic meaning commonly required in business reporting.
• The language is XML-based and uses the XML syntax and relatedXML