RBI launches advanced supervisory monitoring system DAKSH


Team Udayavani, Oct 7, 2022, 10:25 AM IST

Reserve Bank Governor Shaktikanta Das on Thursday launched a new ‘SupTech’ initiative DAKSH – the bank’s Advanced Supervisory Monitoring System, which is expected to make the supervisory processes more robust.

In a statement, the Reserve Bank of India (RBI) said it has been taking various initiatives in strengthening supervision, which among other initiatives include 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 shall 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,” it said.

The application will also enable seamless communication, inspection planning and execution, cyber incident reporting and analysis, and provision of various MIS reports, among others, through a platform which enables anytime-anywhere secure access.

DAKSH means ‘efficient’ and ‘competent’, reflecting the underlying capabilities of the application, the RBI said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Mangaluru CCB Police arrests members of notorious ‘Gang of Sahibganj’

Actor Vijay Deverakonda grilled by ED in money laundering case

Voting begins for 1st phase of Gujarat Assembly polls; 89 seats up for grabs, 788 candidates in fray

Hosanagara: Bike-tipper collision claims biker’s life

Mumbai records 15 new measles cases

Vijayapura: Anonymous person disguised as BLA allegedly collects electoral information

Man held with 1.8 kg gold, Rs 22 lakh cash in Bengaluru


Related Articles More

India, Australia free trade agreement to come into force from Dec 29

BS-IV ‘scam’: ED attaches assets of ex-TDP MLA, probes Ashok Leyland

Telcos seek regulatory framework to levy usage charge on OTTs, exemption for small players

Prannoy Roy, wife Radhika Roy resign as Adani Group nears takeover of NDTV

Toyota Kirloskar Vice Chairman Vikram S Kirloskar passes away

MUST WATCH

Oxygen Concentrator

Deepotsava at Shri Durga Adishakti temple

Girija Surgicals nebulizer vedio

KL Rahul Visit Kukke Subrahmanya Temple

Police commissioner N.Shahsikumar statement about viral video


Latest Additions

Mangaluru CCB Police arrests members of notorious ‘Gang of Sahibganj’

Studies find new computational tools help in better epilepsy surgery results

Buckingham Palace household member resigns amid race comment

Bhadravathi: Four-year-old boy mauled to death by pack of canines

PM Modi lauds BSF on its raising day

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.