Overview

Functions

• Collection, processing and analysis of data on banking, corporate and external sectors.

• Planning, designing and organising quick sample surveys regularly for area of interest to the Reserve Bank.

• Maintaining the Reserve Bank’s Data Warehouse and disseminating data/information.

• Modelling and forecasting of important macro-economic indicators.

• Development of methodology for the measurement and estimation of variables and improvement of the database of various sectors of the economy through participation in committees, working groups, etc.

• Providing technical support to other departments of the Reserve Bank in statistical analysis in specific areas and undertaking studies in the areas of interest to the Reserve Bank.

• Building a technology-driven centralised information management of receipt, processing, production, storage and retrieval of data and its dissemination system based on data warehousing approach. The system provides the decision-makers, analysts and researchers, online and real-time access to a central repository of clean and consistent historical and current data.

• Standardisation in reporting of financial data under XBRL, which is being integrated with the data warehouse, and is envisaged to be the only platform for receiving and validating the incoming data in due course.

• Developing a statistical system for maintaining data quality.

• Bringing out Reserve Bank’s data publications directly from the data warehouse.

• Undertaking forward-looking surveys on macroeconomic changes and expectations for monetary policy formulation. Conducting other periodic surveys to fill data gaps on relevant indicators, e.g., housing, employment placement for fresh graduates, etc.

• Improving the coverage of studies relating to finances of private corporate sector of the economy.

• Generation of forecasts of macroeconomic variables and related empirical work, including developing a quarterly macro-econometric model for forecasts and policy simulation.

• Undertaking analytical studies using of various statistical, econometric and operational research techniques which are relevant for the Reserve Bank.

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