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Notification No.: DOS.CO.CSITEG.No.S6185/31-01-097/2024-2025
Notification Date: 25th November 2024
Relevant Act / Rule:Reserve Bank of India, 1934
The Reserve Bank of India (RBI) has extended the deadline for streamlining the internal compliance monitoring function from October 31, 2024 to April 30, 2025. Regulated Entities (REs) must ensure their systems are capable of integrating with the RBI’s DAKSH portal using Straight-Through Processing (STP), while maintaining strong data security. REs can follow a model framework provided by the Indian Banks’ Association (IBA) for implementation. Compliance progress will be monitored periodically via the DAKSH portal.
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