Banks to report on RBI’s new CIMS

Banks will soon be required to report on the Reserve Bank of India’s Centralized Information Management System (CIMS), RBI governor Shaktikanta Das said as he launched the system.

He said CIMS will improve regulatory supervision, monitoring, and enforcement. As the new system is implemented, it will be gradually extended to urban cooperative banks and non-banking financial companies.

“With launch of CIMS, we embark on a major change in our information management framework for handling the massive data flow, aggregation, analysis, public dissemination and data governance,” Das said.