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RBI Launches DAKSH

Published on October 05, 2022
Current Context: The Reserve Bank of India (RBI) launched a new ‘SupTech’ initiative DAKSH, which is RBI’s Advanced Supervisory Monitoring System.
RBI Launches DAKSH
  • DAKSH is a web-based end-to-end application through which the RBI will monitor compliance requirements in a more focused manner.
  • It was launched with the prime objective of improving the compliance culture even further in Supervised Entities (SEs) viz. Banks, NBFCs, etc.
  • DAKSH is expected to make the supervisory processes more resilient and robust.
  • DAKSH is one of the many initiatives of the RBI in achieving the adoption of the latest analytical tools for implementing more efficient and automated work processes.
  • The application will also enable cyber incident reporting and analysis, seamless communication, inspection planning, execution, etc., through a platform that enables anytime-anywhere secure access.

Question:

Q.1 Recently, DAKSH was launched by?
a. SBI
b. NABARD
c. LIC
d. RBI
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