RBI Launches DAKSH- Reserve Bank’s Advanced Supervisory Monitoring System

RBI Launches DAKSH- Reserve Bank’s Advanced Supervisory Monitoring System – The Reserve Bank Governor Shaktikanta Das launched a new ‘SupTech’ initiative DAKSH – the bank’s Advanced Supervisory Monitoring System to make the supervisory processes more robust. DAKSH- Reserve Bank’s Advanced Supervisory Monitoring System will help in strengthening supervision, which among other initiatives includes the adoption of latest data and analytical tools as well as leveraging technology for implementing more efficient and automated work processes.

  • DAKSH is a web-based end-to-end workflow application through which RBI will monitor compliance requirements in a more focused manner with the objective of further improving the compliance culture in Supervised Entities (SEs) like Banks, NBFCs, etc.

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