{"id":47315,"date":"2025-05-14T11:19:56","date_gmt":"2025-05-14T05:49:56","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=47315"},"modified":"2025-05-29T13:04:46","modified_gmt":"2025-05-29T07:34:46","slug":"centralised-information-management-system-cims","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/centralised-information-management-system-cims\/","title":{"rendered":"Centralised Information Management System (CIMS)"},"content":{"rendered":"<h2>Centralised Information Management System Latest News<\/h2>\n<p>Regulated entities (REs) will now be required to report details of their digital lending apps (DLAs) through the centralised information management system (CIMS) portal of the Reserve Bank of India (RBI).<\/p>\n<h2>About Centralised Information Management System<\/h2>\n<ul>\n<li>It was\u00a0<strong>introduced by the Reserve Bank of India (RBI)<\/strong>\u00a0to\u00a0<strong>handle the massive data flow, aggregation, analysis, public dissemination, and data governance.<\/strong><\/li>\n<li>CIMS is a\u00a0<strong>warehouse of data.\u00a0<\/strong>This system uses state-of-the-art technology to\u00a0<strong>manage Big data<\/strong>\u00a0and will serve as a platform for power users to\u00a0<strong>carry out data mining, text mining, visual analytics,<\/strong>\u00a0and\u00a0<strong>advanced statistical analysis,<\/strong>\u00a0connecting data from multiple domains, such as, financial, external, fiscal, corporate, and real sectors, as well as prices.<\/li>\n<li><strong>Advantages:<\/strong>\n<ul>\n<li>It\u00a0<strong>enhances\u00a0<\/strong>the efficacy and\u00a0<strong>efficiency of RBI\u2019s regulatory reporting system.\u00a0<\/strong><\/li>\n<li><strong>Banks\u00a0<\/strong>and other\u00a0<strong>regulated entities can submit their regulatory reports electronically using the cloud-based CIMS technology.\u00a0<\/strong><\/li>\n<li>Banks and other regulated firms will have\u00a0<strong>less work to do\u00a0<\/strong>as a result, and the RBI will benefit from i<strong>mproved timeliness<\/strong>\u00a0and quality of its regulatory data.<\/li>\n<li>The RBI will be better able to keep an eye on the financial system and respond quickly to any new dangers.\u00a0<\/li>\n<li>The RBI will benefit from\u00a0<strong>improved communication with banks<\/strong>\u00a0and other regulated companies due to CIMS.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Centralised Information Management System FAQs<\/h2>\n<p><strong>Q1:<\/strong>\u00a0Who introduced the Centralized Information Management System (CIMS)?<\/p>\n<p><strong>Ans:<\/strong>\u00a0Reserve Bank of India (RBI)<\/p>\n<p><strong>Q2:<\/strong>\u00a0What is the primary function of CIMS?<\/p>\n<p><strong>Ans:<\/strong>\u00a0Data aggregation, analysis, and dissemination.<\/p>\n<p><strong>Q3:<\/strong>\u00a0What kind of analysis can be performed using CIMS?<\/p>\n<p><strong>Ans:<\/strong>\u00a0Data mining, text mining, visual analytics, and advanced statistical analysis.<\/p>\n<p><strong>Source<\/strong>:\u00a0<a href=\"https:\/\/www.business-standard.com\/amp\/finance\/news\/rbi-asks-regulated-entities-to-report-digital-lending-apps-on-cims-125050901500_1.html\" target=\"_blank\" rel=\"nofollow noopener\">BS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBI launched the Centralised Information Management System (CIMS) to manage data flow, analysis, dissemination, and ensure robust data governance.<\/p>\n","protected":false},"author":8,"featured_media":47317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[420,21,23],"class_list":{"0":"post-47315","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-centralised-information-management-system-cims","9":"tag-prelims-pointers","10":"tag-upsc-prelims-current-affairs","11":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/47315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=47315"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/47315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/47317"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=47315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=47315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=47315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}