Why RBI Reporting still takes days
Rethinking regulatory reporting for cooperative banks
Over the years of working with the BFSI Sector, particularly cooperative banks, we have seen how the right technology can significantly change the way a bank operates. From daily operations to regulatory reporting, it helps a bank work with more ease and confidence.
Recently, we came across a post by Onil Nunes on LinkedIn, and his points reflect exactly what cooperative banks go through with RBI reporting. This is the space Ahana has worked in for decades. Having spent years alongside these banks, we understand the challenges their MIS teams carry, and we built our reporting solution around those very needs.
The solution works by bringing all of this together with a data management platform sitting on top. It collects the bank's data from its different systems, stores it in one place, and preserves the historical data so it is always available for future audits and filings. With this foundation in place, the bank can prepare its RBI reports with the ease of a click.
So now cooperative banks can generate their reports in hours instead of the days it used to take, and even the complex ones like CRILC and ALM that ran into ten to fifteen days are now ready in minutes. It also helps the banks stay on top of their reporting whenever RBI brings a new format or the reporting requirements change.
