This data is now available with a lag of two months. Attempts are on to get this return on a fortnightly basis, so that meaningful comparison of data is possible, she said while addressing a workshop organised by Indian Banks Association (IBA)
According to her RBI faces major hurdles in compiling this data in terms of quality, consistency and timeliness. Our experience shows misclassification in Basic Statistical Returns ( BSRs) data by banks still persists, perhaps due to non-alignment of codes with BSR codes.
Lack of training at branch level also could be an issue. We feel that these problems can be solved to a large extent if all customer details are fed into the core banking solution (CBS) and the CBS occupation codes are mapped exactly as per BSR occupation codes, she said. Inconsistency and misclassification issues can be avoided by ensuring that the base customer data captures all the parameters and characteristics of the customer, she explained.