| The Reserve Bank of India has today placed on its website, the Report on Data Standardisation, for comments. The comments may be emailed or sent by post to the Chief General Manager-In-Charge, Department of Information Technology, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai–400001 on or before April 25, 2015. Background: The Reserve Bank of India has always emphasised the importance of both quality and timeliness of data to enable transforming the data into information that is useful for effective decision making purposes. To achieve this, uniform data standards are of vital importance. With this background, a Committee was set up by the Reserve Bank to bring about synergy and uniformity in the efforts being undertaken in the areas of data reporting and data standardisation. The Committee was constituted with members from the Reserve Bank (drawn from Department of Information Technology, Department of Banking Supervision and Department of Statistics and Information Management), Chiefs of Returns Governance group of 3 banks (ICICI, SBI, and HSBC), Institute for Development and Research in Banking Technology (IDRBT) and Information Technology Company, Infosys. The Committee examined various dimensions of data standardisation keeping in view the terms of reference and related aspects and provided detailed recommendations in the Report. The following aspects were examined and covered by the Committee:
Press Release : 2014-2015/2006 |
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