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Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday launched the Centralised Information Management System (CIMS), the central bank’s next generation data warehouse.
“The new system (CIMS) is starting with reporting by scheduled commercial banks and will be gradually extended to urban cooperative banks (UCBs) and non-banking financial companies (NBFCs),” Das said after the launch of the new system.
He said the CIMS uses state-of-the-art technology to manage Big Data and will serve as a platform for power users to carry out data mining and analysis.Parekh announces retirement: ‘Time to hang up boots’
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