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A new advanced supervisory monitory system- Daksh has been launched by?
Reserve Bank of India
State Bank of India
Union Bank of India
Central Bank of India

Correct Answer : Option (A) - Reserve Bank of India

The Reserve Bank Governor Shaktikanta Das on Thursday(6th Oct 2022) launched a new 'SupTech' initiative DAKSH - the bank's Advanced Supervisory Monitoring System, which is expected to make the supervisory processes more robust.

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,.".

Source : Business Standard

Published On : October 7, 2022
Category : Banking