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’

Source:https://indianexpress.com/article/business/banking-and-finance/banks-to-start-reporting-on-new-cims-rbi-governor-8695140/