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TCS to set up RBI's centralised info and management system for Rs 310 cr

The project has to be completed within a year of the commencement of the contract with the RBI

Press Trust of India  |  New Delhi 

TCS | Photo: Shutterstock

IT will implement Reserve Bank's a centralised and management system (CIMS) for seamless data collection and validations at a cost of Rs 310.52 crore.

pipped other IT majors like IBM India, Infosys, to get the key project of the central

The project has to be completed within a year of the commencement of the contract with the

The had invited of expression of interest (EOI) in July 2018 for identification of solution provider for implementation of by overhauling the (DW) of the

The will comprise of DW and (DL) which would include, seamless data collection from regulated entities by creating system-to-system interface; system driven data validation and data review; flexible and scalable data repository and providing data dissemination platform.

The would also include centralised platform to facilitate creation of Data Sciences Lab.

The RBI, in April last year, had announced to gainfully harness the power of by setting up a data sciences lab that will comprise experts and budding analysts, internal as well as lateral, who are trained inter alia in computer science, data analytics, statistics, economics, econometrics and/or

One of the functional requirements for CIMS, as per the EOI, was establishing system-to-system interface for automated element based data collection from about 130 banks/entities.

shares Wednesday settled at Rs 2,258.45 apiece, up 0.25 per cent over the previous close.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, June 12 2019. 21:10 IST