RBI unveils next gen data system for banks

Mumbai: Reserve Bank Governor Shaktikanta Das on Friday said commercial banks will first begin reporting on the central bank’s latest next-generation data warehouse, the Centralised Information Management System’ (CIMS), followed by urban cooperative banks and non-banking financial companies.

Das was addressing the 17th statistics day conference at the RBI headquarters, which also marks the birth anniversary of Prof Prasanta Chandra Mahalanobis--the best-known mind in the field. Launching the new system, he said the latest CIMS, which is the central bank’s next-generation data warehouse, is starting with reporting by commercial banks which will be gradually extended to urban cooperative banks (UCBs) and non-banking financial companies (NBFCs).