The Reserve Bank of India is putting in place a Platform for Regulated Entities for Integrated Supervision and Monitoring (PRISM), a web-based end-to-end workflow automation system, to strengthen compliance by supervised entities (SEs). This is aimed at helping supervised entities to strengthen their internal defences and resilience and bringing focus on root cause analysis (RCA).
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
What is PRISM?
PRISM will have various functionalities (inspection; compliance; incident functionality for cybersecurity; complaints; and returns functionalities), with built-in remediation workflows, time tracking, notifications and alerts, management information system (MIS) reports and dashboards.
Important takeaways for all competitive exams:
India maintained its momentum at the Asian Games 2026 in Aichi-Nagoya, Japan, on Day 2…
Goalkeeper Savita Punia of India has broken Vandana Katariya's record to become the most capped…
Gwalior is set to emerge as a significant telecom manufacturing center with the upcoming development…
Minister of Home Affairs and Minister of Cooperation Amit Shah is all set to inaugurate…
Chandni Chowk’s historic Town Hall complex is gearing up for a new beginning as the…
Smriti Mandhana scripted another history in the international cricket again as she became the leading…