Shaktikanta Das, the Governor of the Reserve Bank of India launched a new “SupTech” initiative Daksh.

• The central bank’s advanced monitoring system is expected to make the supervisory processes more efficient.
• On October 6, 2022, the RBI stated that it had been taking various measures to strengthen the supervision, including adopting the latest data and analytic tools and leveraging technology to implement more efficient and automated work processes.