Chennai : Ramco Systems Ltd, the Chennai-based software company, has announced that its banking analytics product enables banks to automatically adhere to the Reserve Bank of India guideline for submission of returns without any manual intervention. The RBI recently released an approach paper on Automated Data Flow from various transactional systems of the banks to RBI. By adopting an automated process for submission of returns, banks will be able to submit accurate and timely data without any manual intervention. This process will also enable banks to improve upon their MIS and Decision Support Systems. From the RBI standpoint, this will ensure uniformity in returns submission, says a Ramco press release.
HBL
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