Current Affairs - Banking - Discussion

Reserve Bank shortlisted five IT firms for implementation of a centralised information and management system (CIMS) for data collection. The 5 IT firms are: Infosys, TCS, Capgemini, IBM, Larsen & Turbo Infotech. The CIMS would consist of System driven data validation and data review, Overhauling the Data Warehouse (DW) of RBI, Data safekeeping and storage, Providing data dissemination platform and Centralised analytics platform to facilitate creation of RBI Data Sciences Lab.