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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