Banks to begin reporting on new data warehouse CIMS: Das

Press Trust of India

Mumbai: Reserve Bank Governor Shaktikanta Das on Friday said commercial banks will first begin reporting on the central bank’s latest nextgeneration data warehouse, the Centralised Information Management System’ (CIMS), followed by urban cooperative banks and nonbanking financial companies.

Das was addressing the 17th statistics day conference at the RBI headquarters, which also marks the birth anniversary of Prof Prasanta Chandra Mahalanobis--the best-known mind in the field. Launching the new system he said the latest CIMS, which is the central bank’s next-generation data warehouse, is starting with reporting by commercial banks which will be gradually extended to urban cooperative banks (UCBs) and non-banking financial companies (NBFCs).

Das also said incidentally, with the CIMS going live, the first weekly statistical supplement, which is the RBI”s weekly data release on its own operations and on developments in banking and financial markets, was compiled and processed in the CIMS for the week to June 23.

The new system will disseminate more data for public use and will also support online statistical analysis by external users at their end, the governor said, adding regulated entities will also have access to their past data and their assessment on quality parameters in the new system.

The Reserve Bank established its first enterprisewide data warehouse, the Central Database Management System (CDBMS) in 2002 and from November 2004 a large part of this data system was placed in the public domain as the database on the economy or on the DBIE portal. Over the years, this portal has evolved from a simple data repository to an information processing and management system, which has become the Reserve Bank’s data dissemination platform.

The DBIE remains very popular among domestic and international researchers, analysts, and general public, especially students. It received over 2.5 lakh hits in May 2023. He also said following the recommendation of the Reserve Bank’s Regulations Review Authority 2.0 (RRA 2.0) a system-based submission of the remaining email-based reporting will be implemented through the CIMS in the coming months.