MUMBAI, Nov 14: Central bank disclosures need to strike a fine balance between transparency and confidentiality, Reserve Bank Deputy Governor Shirish Chandra Murmu said here on Friday.

Central bank mandates vary widely across jurisdictions, reflecting their historical and institutional contexts, the deputy governor said in his keynote address at the first International Conference on Central Bank Accounting Practices organised by the Reserve Bank of India (RBI) jointly with the SEACEN Centre.

Despite the differences in mandates, functions or roles across countries, at the heart of every central bank is monetary policy and financial stability.

They aim to maintain adequate capital and reserves/risk buffers to be able to perform these critical functions effectively.

The RBI has one of the

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