Question

Which of the following organization launched Supervisory monitoring system “DAKSH”?

A RBI Correct Answer Incorrect Answer
B SEBI Correct Answer Incorrect Answer
C NABARD Correct Answer Incorrect Answer
D IRDAI 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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