RBI launched SupTech app, DAKSH to improve supervisory processes: The Governor of RBI, Shaktikanta Das has launched a new ‘SupTech’ initiative called DAKSH.
October 2022 Current Affairs Quiz
Aim: It will be the advanced supervisory monitoring system of bank.
It will help to make the supervisory processes more robust.
DAKSH:
It is a web-based end-to-end workflow application. With the help of this, RBI shall monitor compliance requirements in a more focused manner. This also improves the compliance culture in Supervised Entities (SEs) like Banks, NBFCs, etc.
