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RBI launches advanced supervisory monitoring system 'DAKSH'

Category : Business and economics
Published on: October 08 2022 Share on facebook

  • The Reserve Bank of India (RBI) Governor Shaktikanta Das launched a new 'SupTech' initiative called DAKSH. 
  • This application will be the bank's advanced supervisory monitoring system, which is expected to make the supervisory processes more robust.
  • 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
  • DAKSH means 'efficient' and 'competent', reflecting the underlying capabilities of the application, the RBI said.
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