RBI director says better management of data to help banks with regulatory compliance
Good data management practices can bring huge benefits to the Indian banking industry in dealing with the "core challenge" of regulatory compliance, Reserve Bank of India (RBI) executive director Shri Padmanabhan said in a speech earlier today.
Padmanabhan described 'data quality management' as being of "prime importance to the financial sector" as banking is increasingly embedded with technology, "from micro devices to stacks of mainframe computers".
He said the RBI had emphasised the
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