Banks to begin reporting on new data warehouse CIMS: RBI Gov Shaktikanta Das
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| Reserve Bank of India 2023 |
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). MVOD12F
Das also said incidentally, with the CIMS going live, the first weekly statistical supplement, which is the RBI”s weekly data release on its own operations and on developments in banking and financial markets, was compiled and processed in the CIMS for the week to June 23.
The new system will disseminate more data for public use and will also support online statistical analysis by external users at their end, the governor said, adding regulated entities will also have access to their past data and their assessment on quality parameters in the new system.
The Reserve Bank established its first enterprise-wide data warehouse, the Central Database Management System (CDBMS) in 2002 and from November 2004 a large part of this data system was placed in the public domain as the database on the economy or on the DBIE portal.
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