New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Reserve Bank of India has launched which of the

    following 'SupTech' initiative for the bank's Advanced Supervisory Monitoring System, which is expected to make the supervisory processes more robust?
    A PROVE Correct Answer Incorrect Answer
    B DAKSH Correct Answer Incorrect Answer
    C DAKEN Correct Answer Incorrect Answer
    D PROOF Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India has launched a new 'SupTech' initiative DAKSH - 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

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