Mumbai, Nov. 17 -- Shirish Chandra Murmu, Deputy Governor, Reserve Bank of India, has noted in a speech that Reserve Bank of India (RBI) has a strong and resilient balance sheet, with adequate level of risk provisioning. Over the years, RBI has consistently worked to align its accounting practices with global best practices, while staying true to core principles of prudence and conservatism. He delivered a speech titled Central Bank Accounting Practices: The Reserve Bank of India and Global Approaches at first International Conference on Central Bank Accounting Practices. He opined that adequate capitalisation is absolutely crucial for central banks of emerging and developing economies. These central banks not only pursue domestic monetar...