The Reserve Bank of India on 6th October 2022, launched a new SupTech initiative named “दक्ष (DAKSH) – Reserve Bank’s Advanced Supervisory Monitoring System”, which is expected to make the Supervisory processes more robust.
‘दक्ष (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.
The application will also enable seamless communication, inspection planning and execution, cyber incident reporting and analysis, provision of various MIS reports etc., through a Platform which enables anytime-anywhere secure access.
