The Reserve Bank of India has been taking numerous initiatives in strengthening supervision, which amongst different initiatives embody adoption of newest knowledge and analytical instruments in addition to leveraging expertise for implementing extra environment friendly and automatic work processes. In continuation of this effort, Shri Shaktikanta Das, Governor, right this moment launched a brand new SupTech initiative named “दक्ष (DAKSH) – Reserve Bank’s Advanced Supervisory Monitoring System”, which is predicted to make the Supervisory processes extra strong.
‘दक्ष (DAKSH)’ means ‘efficient’ & ‘competent’, reflecting the underlying capabilities of the applying. ‘दक्ष (DAKSH)’ is an internet-primarily based finish-to-finish workflow software by means of which RBI shall monitor compliance necessities in a extra centered method with the target of additional enhancing the compliance tradition in Supervised Entities (SEs) like Banks, NBFCs, and so forth. The software may even allow seamless communication, inspection planning and execution, cyber incident reporting and evaluation, provision of numerous MIS stories and so forth., by means of a Platform which allows anytime-wherever safe entry.
Press Release: 2022-2023/1004