RBI working to create robust data analytics ecosystem: Dy Guv Swaminathan

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RBI working to create robust data analytics ecosystem: Dy Guv Swaminathan - Business Standard

Quick Summary:

From the early days, central banks have fulfilled their role as the lender of last resort, ensuring that financial institutions remained solvent and protected against systemic crises, Swaminathan said.

Addressing 'High-level Policy Conference of Central Banks from the Global South' here last week, he said the supervision of banks and financial institutions is a relatively recent development - dating back around 50 years.

RBI is working towards creating a robust data analytics ecosystem to support its supervisory functions, ensuring that the approach remains forward-looking and agile in a rapidly changing world, central bank's Deputy Governor Swaminathan J has said.